[Ord. No. 7376, 8-1-1985]
The City Council finds and determines that it is wise, expedient,
necessary and advisable to create the "Industrial Development Authority
of the City of Kirkwood, Missouri," as Appendix D to the Kirkwood
Code of Ordinances.
[Ord. No. 7376, 8-1-1985]
The Incorporators are hereby authorized to proceed to form the
Development Authority by executing, acknowledging and filing the Articles
of Incorporation with the Missouri Secretary of State as provided
in the Act.[1] The Articles of Incorporation shall not be amended unless
authorized by the City Council in the manner provided in the Act.
[1]
Editor's Note: See RSMo. §§ 349.010 through
349.105.
[Ord. No. 7376, 8-1-1985; Ord. No. 10830, 10-19-2023]
Pursuant to the Act,[1] the corporation shall have five directors, who shall be
duly qualified electors and taxpayers in the City of Kirkwood, Missouri.
The directors shall be resident taxpayers for one year immediately
prior to their appointment, and no director shall be an officer or
employee of the City of Kirkwood, Missouri. All directors shall be
appointed for six-year terms by the Mayor of the City of Kirkwood,
Missouri, subject to confirmation by a majority of the City Council,
except that the first group of directors shall serve until the expiration
of the terms for which they were initially appointed.
[1]
Editor's Note: See Sections 349.010 through 349.105, RSMo.
[Ord. No. 7376, 8-1-1985]
The Development Authority shall file an annual report with the
City Council, such annual report to include an audited financial statement.
[Ord. No. 7376, 8-1-1985]
The Development Authority shall be governed by Sections 349.010
to 349.105, inclusive, RSMo. (1978), in addition to those set forth
in this ordinance.
