[Adopted11-8-1999 by Ord.
No. 347]
An economic development corporation shall be created as a nonprofit
corporation authorized by the State of Texas for the purpose of administering
the sales and use tax revenues collected for economic development
of the City of Collinsville under Section 4(a) of the Development
Corporation Act of 1979, as amended.
[Amended 7-29-2013 by Ord. No. 544]
The directors of the nonprofit corporation shall be seven in
number and shall reside within the City limits of the City of Collinsville
or within the boundary of the Collinsville Independent School District.
Directors shall serve for two year terms and shall be appointed by
and serve at the pleasure of the City Council of the City of Collinsville,
except that no director shall serve continuously for more than six
years. The Board of Directors shall conduct its meetings within the
boundaries of the City of Collinsville.
The directors shall be appointed by the City Council of the
City of Collinsville and, after such appointment, are authorized to
file the proposed Articles of Incorporation with the State of Texas,
which articles are hereby approved, and to propose to the governing
body of the bylaws for the corporation's organization.
The nonprofit corporation created under the authority of this
article shall have such authority as provided under Section 4(a),
Article 5190.6, Revised Civil Statutes of the State of Texas, and the Nonprofit corporation Statutes of the State of
Texas, as now existing or as may be amended.
An ex officio member of the Board of Directors, serving in an
advisory capacity, shall be the Mayor of the City of Collinsville.
This article shall become effective after passage by the City
Council and signature by the Mayor.
[Adopted 11-8-1999 by Ord. No. 348]
An economic development corporation shall be created as a nonprofit
corporation authorized by the State of Texas for the purpose of administering
the sales and use tax revenues collected under Section 4(b) of the
Development Corporation Act of 1979, as amended, for economic development of the City of Collinsville.
[Amended 7-29-2013 by Ord. No. 545]
The directors of the nonprofit corporation shall be seven in
number and shall reside within the City limits of the City of Collinsville
or within the boundary of the Collinsville Independent School District.
The directors shall be appointed by and serve at the pleasure of the
City Council. After the initial terms, which may be staggered, directors
shall serve two-year terms. No more than four of the directors may
be elected City officials or City employees. The Board of Directors
shall conduct its meetings within the boundaries of the City of Collinsville.
The directors shall be appointed by the City Council of the
City of Collinsville and, after such appointment, are authorized to
file the proposed Articles of Incorporation with the State of Texas,
which Articles are hereby approved, and to propose to the governing
body of the City bylaws for the corporation's organization.
The nonprofit corporation created under the authority of this
article shall have such authority as provided under Section 4(b),
Article 5190.6, Revised Statues of the State of Texas, and the Nonprofit Corporation Statues of the State of
Texas, as now existing or as may be amended.
An ex officio member of the Board of Directors, serving in an
advisory capacity, shall be the Mayor of the City of Collinsville.
This article shall become effective after passage by the City
Council and signature by the Mayor.