[CC 1996 § 705.060]
A.
Three (3) individuals (Applicants), each being a duly
qualified elector of and taxpayer in the City of Salisbury, Missouri
(the City), have filed an application with the governing body of the
City pursuant to Chapter 349 of the Revised Statutes of Missouri (the
Industrial Development Corporations Act), seeking permission to form
an industrial development corporation of the City for the purpose
of developing commercial, industrial, agricultural and manufacturing
facilities, a copy of the application being attached hereto and marked
Exhibit A.[1]
[1]
Editor's Note: Said exhibit is on file in the City offices.
B.
The Applicants have also filed, as part of the application,
the form of Articles of Incorporation proposed to be used in organizing
such industrial development corporation, a copy of said Articles of
Incorporation being attached hereto and marked Exhibit B.[2]
[2]
Editor's Note: Said exhibit is on file in the City offices.
C.
After review and discussion of said application and
Articles of incorporation, it has been found and determined that it
is wise, expedient, necessary and advisable that said industrial development
corporation be formed in the City.
D.
Since the Industrial Development Corporations Act
requires that the governing body of the City of Salisbury take certain
actions with respect to the formation of the industrial development
corporation, it is necessary and advisable to adopt this Chapter.
1.
Findings And Determinations. The City of Salisbury,
Missouri, hereby finds and determines that it is wise, expedient,
necessary and advisable that an industrial development corporation
under the name the "The Industrial Development Authority of the City
of Salisbury, Missouri" (the Authority), be formed.
2.
Approval Of Application And Authorization To
Form The Authority. The application is hereby approved and the Applicants
are hereby granted permission and authorized to proceed to form and
organize the Authority pursuant to the provisions of the Industrial
Development Corporations Act.
3.
Approval Of Articles. The form of Articles of
Incorporation proposed to be used in organizing the Authority and
attached as Exhibit B are hereby approved, and the Applicants are
hereby authorized and directed to execute, acknowledge and file said
Articles of Incorporation with the Secretary of the State of Missouri,
in the form attached hereto.[3]
[3]
Editor's Note: Said exhibit is on file in the City offices.
Editor's Note: Original Subsection 4, Election of Directors,
which immediately followed this Subsection, was repealed 2-12-1998
by Ord. No. 98-02-01.
