HomeMy WebLinkAbout0028_272'7
WHEREAS, the Corporation has been or will be created and
organized as a Texas nonprofit corporation, pursuant to the
provisions of the Act, for such limited purposes; and
WHEREAS, the Governing Body of the Unit has Feviewed and.
approved the Petition and the Articles of Incorporation and
Bylaws and has determined to authorize and approve the creation
of the Corporation, a not-for-profit entity, as its constituted
authority and instrumentality to accomplish the specific
public purpose of the promotion and development of commercial,
00 industrial and manufacturing enterprises to promote and
CD
NT encourage employment and the public welfare; NOW, THEREFORE;
0
Q BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN:
Q Section 1: That the Corporation is hereby authorized
and approved for creation as an industrial development corpor-
ation under the provisions of the Act.
Section 2: That the Corporation is hereby designated as
the duly constituted authority and instrumentality of the
Unit (within the meaning of those terms in the regulations of
the Treasury and the rulings of the Internal Revenue Service
prescribed and promulgated pursuant to Section 103 of the
Internal Revenue Code of 1954, as amended) and shall be
authorized to act on behalf of the Unit for the specific
public purpose of the promotion and development of commercial,
industrial and manufacturing enterprises to promote and
�y