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<br />207 <br /> <br />RESOLUTION 1999 - 159 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF <br />THE CITY OF SAN MARCOS, TEXAS <br />APPROVING AN AMENDMENT TO THE <br />BYLAWS OF THE CITY OF SAN MARCOS <br />INDUSTRIAL DEVELOPMENT CORPORATION; <br />AND DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The City Council of the City of San Marcos authorized and approved the creation <br />of the City of San Marcos Industrial Development Corporation (the "Corporation") as a <br />nonprofit industrial development corporation under the provisions of the Development <br />Corporation Act of 1979, Article 5190.6, Vernon's Annotated Texas Civil Statutes, as <br />amended. <br /> <br />2. The Board of Directors of the Corporation has adopted the amendment to the <br />Bylaws of the Corporation attached to this Resolution, which relates to terms of office of <br />directors of the Corporation. <br /> <br />3. The City Council has been presented with and has examined the proposed <br />amendment to the Bylaws of the Corporation and finds that the form and substance of the <br />amendment are satisfactory. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. The amendment to the Bylaws of the Corporation attached to this <br />Resolution is approved. <br /> <br />PART 2. <br />passage. <br /> <br />This Resolution shall be in full force and effect from and after its <br /> <br />ADOPTED this 23rd day of August 1999. <br /> <br />~~.~ <br /> <br />Billy G. Moore <br />Mayor <br /> <br />Attest:: .) / <br />~. wrJ~ ~If~/ <br />J~s~. Womack <br />City Secretary <br />