Res 1999-151 - Laserfiche WebLink

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9/10/99 CAPITAL AREA HOUSING FINANCE CORPORATION FILED In the Office of the Secretaty of State of Texas OCT 1 8 1999 RESTATED ARTICLES OF INCORPORATION Corporations Section PW'Suant to section 394.016, Local Government Code and article 1396-4.06, Nonprofit Corporation Act, the Capital Area Housing Finance Corporation adopts Restated Articles of Incorporation that accurately copy the Articles of Incorporation, as currently amended and as further amended by these Restated Articles of Incorporation, and that contain no other change to the Articles of Incorporation. Article One The name of the corporation is the Capital Area Housing Finance Corporation. Article Two The following amendments to the Articles of Incorporation were adopted by the Board of Directors of the Corporation at a meeting held on October 7, 1999 and received the vote of a majority of the directors in office, there being no members of the Corporation having voting rights. 1. Article VI.B is amended to read as follows: liB. All powers of the Corporation shall be vested in a Board of Directors consisting often individuals. Each of the sponsoring local governments named in Article vn shall appoint one director of the Corporation to serve a term of four years or until his or her successor is appointed. However, a director may be removed from office at any time, with or without cause, by written resolution of the governing body of the sponsoring local government that appointed the director." 2. Articles VII, vrn, and IX are deleted, Article X is renumbered Article VII, and all references to Article X are changed to Article VII. Article Three The Restated Articles of Incorporation as so amended were adopted at a meeting of the Board of Directors of the Corporation held on October 7, 1999 and received the vote of a majority of the directors in office, there being no members of the Corporation having voting rights. The Restated Articles of Incorporation as so amended were also approved by a majority of the members in office of the governing bodies ofth.e Texas counties of Blanco, Bastrop, Burnet, Caldwell, Fayette. Hays, Lee, Llano, and Williamson and the City of San Marcos, Texas. Article Four The Articles of Incorporation and all amendments to them are superseded by the following Restated Articles of Incorporation that accurately copy the Articles of Incorporation and the amendments set out in Article Two: