HomeMy WebLinkAboutResolution 3625-06-2008A RESOLUTION
NO 3625-06-2008
APPROVING THE AMENDED AND RESTATED BYLAWS OF THE FORT WORTH
HOUSING FINANCE CORPORATION
WHEREAS, on December 18, 1979 the City Council adopted Resolution No 653
approving the formation of the Fort Worth Housing Finance Corporation (the `Corporation ') and
approving the form of the Articles of Incorporation for the Corporation, and
WHEREAS the Corporations Articles of Incorporation were filed with the Texas
Secretary of State on December 27 1979 and were thereafter amended in 1982 and 1996 and
WHEREAS, the City Council approved the Corporations Bylaws which had been
adopted by the Board of Directors of the Corporation (the `Board') at the Corporation s
organizational meeting held on January 22, 1980 which Bylaws have not been amended since
that date and
WHEREAS, the Board determined that rt was m the best interest of the Corporation to
amend its Bylaws, and on June 3 2008 the Board adopted the Amended and Restated Bylaws, a
copy of which is attached hereto as Exhibit A, subject to approval by the City Council and
WHEREAS the Crty Council finds rt necessary and desirable to approve the attached
Amended and Restated Bylaws in order to increase administrative efficiency for the Corporation.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS
1 That the attached Amended and Restated Bylaws for the Fort Worth Housing Finance
Corporation are hereby approved.
2 That rt is hereby officially found and determined that this Resolution was adopted m a meeting
open to the public and that notice of the time place and purpose of such meeting was given m
accordance vv~th applicable law
3 That all previous Resolutions are hereby expressly repealed to the extent in conflict with
the provisions of this Resolution.
RESOLUTION NO 3625-06-2008
4 That this Resolution shall take effect immediately from and after rts adoption.
AND IT IS SO RESOLVED
APPROVED
C9TY CQUNCIL~
JUN 1 0 2008
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City Secretary of the
City of Fort Worth, Texas