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<br />9RAW067:00 <br /> ARTICLE 3 <br /> Membership <br />Section 3.01. Members. The Corporation shall not have <br />members but shall have only a self-perpetuating Board of <br />Directors. <br />Section 3.02. Nomination of Directors. The Board of <br />Directors of the Chamber of Commerce of the four (4) partici- <br />pating cities of Austin, Georgetown, Round Rock and San Marcos <br />shall each nominate one (1) member of the Board of Directors. <br />The City Manager, or at his/her option, a City staff member <br />selected by him/her from each of the four (4) participating <br />cities of Austin, Georgetown, Round Rock and San Marcos shall <br />serve as members of the Board of Directors. If one (1) or more <br />City Managers decline to accept nomination to the Board or refuse <br />to select a City staff member to serve on the Board, then in that <br />event, the Board of Directors of the Chamber of Commerce of the <br />respective city or cities shall nominate a second member of the <br />Board to serve from that city. <br /> ARTICLE 4 <br /> Board of Directors <br />Section 4.01. General. The property, business and affairs <br />of the Corporation shall be controlled and managed by the Board <br />of Directors. The Board of Directors shall consist of eight (8 ) <br />members. <br />Section 4.02. Number and Term. The number of Directors <br />shall be eight (8) as specified in the Articles of Incorporation. <br />Initially, three (3) members of the Board shall serve for a term <br /> Page 2 <br />