[Ord. No. 1.242 (Bill No. 2639) §1, 7-7-2016]
The Arnold Community Foundation is established as an agency of the City to promote the general welfare by enriching the quality of life for the residents of the City and the surrounding community by promoting arts, culture, civic life, seniors, children/youth, health/well-being and education.
[Ord. No. 1.242 (Bill No. 2639) §1, 7-7-2016]
A. 
The Arnold Community Foundation Board of Directors shall consist of seven (7) voting members.
B. 
The Mayor, subject to the approval of the City Council, shall appoint six (6) members. Applicants must:
1. 
Reside within the corporate limits of the City; or
2. 
Own a business within the corporate limits of the City.
C. 
The Mayor (or his/her designee) shall serve as one of the voting members of the Board of Directors.
D. 
The Mayor or City Council may assign staff to assist in the goals of the Foundation as deemed appropriate.
[Ord. No. 1.242 (Bill No. 2639) §1, 7-7-2016]
Members of the Foundation shall serve without compensation.
[Ord. No. 1.242 (Bill No. 2639) §1, 7-7-2016]
Members of the Board of Directors will be appointed for a term of three (3) years; but, of the members first appointed, one (1) shall be appointed for a term of one (1) year, two (2) shall be appointed for a term of two (2) years, and three (3) shall be appointed for a term of three (3) years. The Mayor, or his/her designee, shall serve during the term of the Mayor.
[Ord. No. 1.242 (Bill No. 2639) §1, 7-7-2016]
The Mayor, with a majority of the City Council or a three-fourths majority of the City Council, may remove any Director of the Foundation, with or without cause.
[Ord. No. 1.242 (Bill No. 2639) §1, 7-7-2016]
The Board of Directors shall elect its Chair and Secretary from among the members. The term of Chair and Secretary shall be for one (1) year with eligibility for reelection.
[Ord. No. 1.242 (Bill No. 2639) §1, 7-7-2016]
The Board of Directors shall meet within sixty (60) days of the appointment of its members and shall adopt rules for the transaction of business. Among its rules shall be a requirement to keep a public record of its proceedings, which shall be periodically provided in a written report to the City Council. All rules adopted by the Board of Directors shall be submitted to the City Council for final approval. In addition to the regularly scheduled meetings, such other meetings shall be held as may be directed by the Mayor or the Council.
[Ord. No. 1.242 (Bill No. 2639) §1, 7-7-2016]
A. 
The Foundation shall be an agency of the City, but all funds of the Foundation raised by, allocated to, or otherwise obtained by the Foundation shall be used exclusively to carry out the purposes of the Foundation and may not be otherwise directed, used or appropriated by the City or any agency of the City.
B. 
The Foundation shall administer and expend moneys within the limits of its purpose.
[Ord. No. 1.242 (Bill No. 2639) §1, 7-7-2016]
The Foundation may solicit and accept grants or gifts from any source not prohibited by law.
[Ord. No. 1.242 (Bill No. 2639) §1, 7-7-2016]
The Foundation shall prepare and review data, conduct analyses, and review other pertinent information and take all steps necessary to ensure its successful completion of its purpose.
[Ord. No. 1.242 (Bill No. 2639) §1, 7-7-2016]
The Foundation shall have such other powers and duties as are or may be prescribed by the laws of the State of Missouri or the ordinances of the City of Arnold, Missouri.