(a)
Name.
The name of the corporation is North Richland Hills Health Facilities Development Corporation.
(b)
Purpose.
The purpose of the Corporation is to acquire, construct, provide, improve, finance and refinance any "health facility," as such term is defined in the Health Facilities Development Act, V.T.C.A., Health and Safety Code, Chapter 221 (the "Act"), now or as hereafter amended, which is found by the board of directors of the corporation to be required, necessary or convenient for health care, research and education, any one or more, within the state, all to assist the maintenance of the public health and welfare, as specified in the Act. The corporation shall be operated exclusively for such purpose without profit. No part of the net earnings of the corporation shall inure to the benefit of any private shareholder or individual; no substantial part of its activities shall be carrying on propaganda, or otherwise attempting to influence legislation; and it shall not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of or in opposition to any candidate for public office.
(c)
Powers.
In the fulfillment of its corporate purposes, the corporation shall be governed by the Act, and shall have all of the powers set forth and conferred in the Act, and in other applicable laws, subject to the limitations prescribed therein and herein and to the provisions thereof and hereof.
(d)
Staff function.
Staff functions for the corporation shall be performed by the city as directed by the council, and the corporation, from fees collected by it, shall pay the amount of costs for such services as from time to time shall be billed to the corporation by the city.
(Res. No. 94-57, § 3(art. I), adopted 11/14/1994)