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. , I I I 57 ... , RESOLUTION NO. 1980-l2R RESOLUTION APPROVING AMENDED BYLAWS OF CITY OF SAN MARCOS INDUSTRIAL DEVELOPMENT CORPORATION WHEREAS, the City of San Marcos (the "Unit"), a political subdivision, by written resolution adopted on July 30, 1979, approved and authorized the creation of the City of San Marcos Industrial Development Corporation (the "Corporation") as a Texas nonprofit corporation, pursuant to the provisions of the Development Corporation Act of 1979, Article 5190.6, Vernon's Annotated Texas civil Statutes (the "Act"), to act on behalf of the Unit to promote and develop commercial, industrial and manufacturing enterprises to promote and encourage employment and the public welfare, and approved the Articles of Incorporation and Bylaws to be used in creating and organizing the Corporation; and WHEREAS, the Board of Directors of the Corporation has met and organized and, in accordance with the provisions of the Act, has adopted Bylaws of the Corporation; and WHEREAS, the Board of Directors of the Corporation has determined that the Bylaws should be amended, and a copy of said Bylaws, as amended, is attached hereto as Exhibit A; and WHEREAS, in accordance with the provisions of the Act and the Resolution of the Unit approving creation of the Corporation, the Corporation has requested approval of the amended Bylaws by the City Council (the "Governing Body") of the Unit; and WHEREAS, the Governing Body has reviewed the amended Bylaws as presented and has determined to approve the amended Bylaws; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, THAT: Section 1: The amended Bylaws of the Corporation, in the form attached hereto as Exhibit A, are hereby approved for use by the Corporation. Section 2: The Governing Body has considered evidence of the posting of notice of this meeting and officially finds, determines, recites and declares that a sufficient written notice of the date, hour and place of this meeting