RES 1358 10/23/2007 RESOLUTION 1358
AUTHORIZING AND APPROVING THE CIBOLO ECONOMIC DEVELOPMENT
CORPORATION'S BY-LAWS
WHEREAS the City of Cibolo, Texas (the "City") held an election to impose a tax
pursuant to the provisions of the Development Corporation Act of 1979, Articles
5190.6, V.A.T.C.S., as amended (the "Act"), and desires to create the Cibolo
Economic Development Corporation (the "Corporation"), a non-stock, nonprofit
industrial development corporation, all pursuant to the provisions of Section 4B
of the Act, to act on behalf of the City to satisfy the public purposes set forth in
Section 4B of the Act; and;
WHEREAS the City Council of the City of Cibolo have previously received,
reviewed and approved the Corporation's articles of incorporation; and
WHEREAS the City Council of the City of Cibolo have received and reviewed the
Corporation's proposed by-laws; and
WHEREAS, it is hereby officially found and determined that the meeting at which
this Resolution was passed was open to the public, and public notice of the
time, place and purpose of said meeting was given, all as required by Chapter
551, Texas Government Code;
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CIBOLO THAT:
SECTION 1. Approval of By-Laws
The Cibolo City Council hereby approves the attached Corporation By-Laws.
PASSED AND APPROVED, on this �2 3 day of 2007.
Je6hifer Ha an, Mayor
City of Cibolo, Texas
ATTEST:
Peggy Cimics, City Secretary
City of Cibolo, Texas