HomeMy Public PortalAboutBylaws and Certificate of Incorporation
`(~~.I~e~tFitP ctf 'C~,ex~~
SECRE TAR Y OF S TA TE
CERTIFICATE OF INCORPORATION
OF
RICHLAND HILLS DEVELOPMENT CORPORATION
CHARTER NUMBER 01404900-01
The undersigned, as Secretary of State of Texas, hereby certifies that Articles of
Incorporation for the above corporation, duly signed pursuant to the provisions of the
Development Corporation Act of 1979, have been received in this office and are found to
conform to law.
ACCORDINGLY, the undersigned, as such Secretary of State, and by virtue of the
authority vested in the Secretary by law, hereby issues this Certificate of Incorporation and
attaches hereto a copy of the Articles of Incorporation.
Dated: June 28, 1996
~~r
~~~
`O~ .
RR
Antonio O. Garet, Jr.
Seerntary of State
\•~ ,`:
BYLAWS OF
Now
RICHLAND HILLS DEVELOPMENT CORPORATION
ARTICLE I
PURPOSE AND POWERS
Section 1. Purpose.
The Corporation is incorporated for the purposes set forth in Article Four of its
Articles of Incorporation, the same to be accomplished on behalf of the City of
Richland Hills, Texas (the"City") as its duly constituted authority and
instrumentality in accordance with the Development Corporation Act of 1979,
Article 5190.6, Tex. Rev. Civ. Stat. Ann., as amended, (the "Act"), and other
applicable laws.
Section 2. Power.
In the fulfillment of its corporate purpose, the Corporation shall be governed
by Section 4B of the Act, and shall have all the powers set forth and conferred in its
Articles of Incorporation, in the Act, and in other applicable law, subject to the
limitations prescribed therein and herein and to the provisions thereof and hereof.
ARTICLE II
BOARD OF DIRECTORS
Section 1. Powers. Number and Term of Office.
(a) The property and affairs of the Corporation shall be managed and
controlled by a Board of Directors (the "Board") and, subject to the
restrictions imposed by law, by the Articles of Incorporation, and by
these Bylaws, the Board shall exercise all of the powers of the
Corporation.
(b) The Board shall consist of seven (7) directors, each of whom shall be
appointed by the City Council (the "City Council") of the City. Each
director shall occupy a place (individually, the "Place" and collectively,
the "Places") as designated herein. Places 1-4 are designated for
Councilmember directors and Places 5-7 are designated for
Citizenmember directors.
(c) The directors constituting the first Board shall be those directors named
in the Articles of Incorporation. Successor directors shall have the
qualifications, shall be of the classes of directors, and shall be appointed
to the terms set forth in the Articles of Incorporation.
(d) Any director may be removed from office by the City Council at will.
Section 2. Meetings of Directors.
The directors may hold their meetings at such place or places in the City as the
Board may from time to time determine; provided, however, in the absence of any
such determination by the Board, the meetings shall be held at the principal office
of the Corporation as specified in Article V of these Bylaws.
BYLAWS Page 1
Section 3. Notice of Meetings.
law
(a) Regular meetings of the Board shall be held without the necessity of
notice to the directors at such times and places as shall be designated
from time to time by the Board. Special meetings of the Board shall be
held whenever called by the president, by the secretary, by a majority of
the directors, by the Mayor of the City, or by a majority of the City
Council.
(b) The secretary shall give notice to each director of each special meeting
in person or by mail, telephone or telegraph, at least two (2) hours before
the meeting. Unless otherwise indicated in the notice thereof, any and
all matters pertaining to the purposes of the Corporation may be
considered and acted upon at a special meeting. At any meeting at which
every director shall be present, even though without any notice, any
matter pertaining to the purpose of the Corporation may be considered
and acted upon consistent with applicable law.
(c) Whenever any notice is required to be given to the Board, said notice
shall be deemed to be sufficient if given by depositing the same in a post
office box in a sealed postpaid wrapper addressed to the person entitled
thereto at his or her post office address as it appears on the books of the
Corporation, and such notice shall be deemed to have been given on the
day of such mailing. Attendance of a director at a meeting shall
constitute a waiver of notice of such meeting, except where a director
attends a meeting for the express purpose of objecting to the transaction
of any business on the grounds that the meeting is not lawfully called or
*sr convened. Neither the business to be transacted at, nor the purpose of,
any regular or special meeting need be specified in the notice of such
meeting, unless required by the Board. A waiver of notice in writing,
signed by the person or persons entitled to said notice, whether before or
after the time stated therein, shall be deemed equivalent to the giving of
such notice.
Section 4. Open Meetings Act.
All meetings and deliberations of the Board shall be called, convened, held, and
conducted, and notice shall be given to the public, in accordance with the Texas
Open Meetings Act, Chapter 551, Texas Government Code, as amended.
Section 5. Quorum.
A majority of the entire board of directors (i.e., at least four (4) out of seven
(7)) shall constitute a quorum for the conduct of the official business of the
Corporation. The act of a majority of the directors present at a meeting at which a
quorum is in attendance shall constitute the act of the Board and of the
Corporation, unless the act of a greater number is required by law.
Section 6. Conduct of Business.
(a) At the meetings of the Board, matters pertaining to the business of the
Corporation shall be considered in accordance with rules of procedure as
from time to time prescribed by the Board.
NNW
(b) At all meetings of the Board, the chairman of the board shall preside.
BYLAWS Page 2
(c) The secretary of the Corporation shall act as secretary of all meetings of
the Board, but in the absence of the secretary, the presiding officer may
appoint any person to act as secretary of the meeting.
Section 7. Committees of the Board.
The Board may designate two (2) or more directors to constitute an official
committee of the Board to exercise such authority of the Board as may be specified
in the resolution. It is provided, however, that all final, official actions of the
Corporation may be taken only by the Board. Each committee so designated shall
keep regular minutes of the transactions of its meeting and shall cause such minutes
to be recorded in books kept for that purpose in the principal office of the
Corporation.
Section 8. Compensation of Directors.
Directors shall not receive any salary or compensation for their services as
directors. However, they shall be reimbursed for their actual expenses incurred in
the performance of their official duties as directors.
ARTICLE III
OFFICERS
Section 1. Titles and Term of Office.
(a) The officers of the Corporation shall be a chairman of the board of
low directors, a president, a secretary and a treasurer, and such other
officers as the Board may from time to time elect or appoint. Terms of
office shall be one (1) year with the right of an officer to be reelected.
The chairman of the Board shall be the mayor or mayor pro-tem of the
City. The chairman will preside at board meetings.
(b) All officers shall be subject to removal from office at any time by a vote
of a majority of the City Council.
(c) A vacancy in the office of any officer shall be filled by a vote of a
majority of the directors and the City Council.
Section 2. Powers and Duties of the President.
The president shall be the chief operating and executive officer of the
Corporation, and, subject to the paramount authority of the Board, the president
shall be in general charge of the properties and affairs of the Corporation, and
execute all contracts, conveyances, franchises, bonds, deeds, assignments,
mortgages, notes and other instruments in the name of the Corporation. The City
Manager of the City of Richland Hills shall be president.
Section 3. Treasurer.
The treasurer shall be the Chief Fiscal Officer of the Corporation, and shall
have the responsibility to see to the handling, custody, and security of all funds and
securities of the Corporation in accordance with these bylaws. When necessary or
Nrimw
BYLAWS Page 3
proper, the treasurer may endorse and sign, on behalf of the Corporation, for
`+• collection or issuance, checks, notes and other obligations in or drawn upon such
bank, banks or depositories as shall be designated by the Board consistent with these
Bylaws. The treasurer shall see to the entry in the books of the Corporation of full
and accurate accounts of all monies received and paid out on account of the
Corporation. The treasurer shall, at the expense of the Corporation, give such bond
for the faithful discharge of his duties in such form and amount as the Board or the
City Council may require. The City Manager of the City, or his designee, shall be
the treasurer.
Section 4. Secretary.
The secretary shall keep the minutes of all meetings of the board in books
provided for that purpose, shall give and serve all notices, may sign with the
president in the name of the Corporation, and/or attest the signature thereto, all
contracts, conveyances, franchises, bonds, deeds, assignments, mortgages, notes and
other instruments of the Corporation, shall have charge of the corporate books,
records, documents and instruments, except the books of account and financial
records and securities, and such other books and papers as the Board may direct, all
of which shall at all reasonable times be open to public inspection upon application
at the office of the Corporation during business hours, and shall in general perform
all duties incident to the office of secretary subject to the control of the Board.
The City Secretary shall be the secretary.
Section 5. Other Officers and Agents.
Any assistant treasurer and any assistant secretaries may, at the option of the
Board, be employees of the City and the legal counsel shall be the City Attorney for
the City and he shall designate any other attorney needed by the Corporation.
Section 6. Compensation.
Officers who are members of the Board shall not receive any salary or
compensation for their services, except that they shall be reimbursed for their
actual expenses incurred in the performance of their official duties as officers.
ARTICLE IV
FUNCTIONAL CORPORATE DUTIES AND REQUIREMENTS
Section 1. Richland Hills Development Corporation Plan.
(a) It shall be the duty and obligation of the Board, in coordination with the
necessary contracting parties and City departments, to research, develop,
prepare and finance the Richland Hills Development Corporation Plan
subject to approval or disapproval by the City Council.
(b) In carrying out its obligations under subsection (a), the Corporation shall
be authorized to exercise all rights and powers granted under the Act,
including, but not limited to Section 4B thereof, and with the objective
lower
BYLAWS Page 4
and for the purpose of developing and diversifying the economy of the State of
Texas and the City, and the elimination of unemployment and underemployment in
the State and the City and the expansion of commerce within the State.
(c) The Board shall periodically submit reports to the City Council on the
status of its activities in carrying out its obligations under this Section.
(d) Any and all agreements between the Corporation and other parties shall
be authorized, executed, approved, and delivered in accordance with
applicable law.
Section 2. Annual Corporate Budget.
Prior to the commencement of each fiscal year of the Corporation, the Board
shall adopt a proposed budget of expected revenues from sources set out in Section
5 of this article and proposed expenditures for the next ensuing fiscal year. The
budget shall contain such classifications and shall be in such form as may be
prescribed from time to time by the City Council. The budget shall not be
effective until the same has been approved by the City Council.
Section 3. Books, records, audits.
(a) The Corporation shall keep and properly maintain, in accordance with
generally accepted accounting principles, complete books, records,
accounts, and financial statements pertaining to its corporate funds,
activities, and affairs.
(b) At the direction of the City Council, the books, records, accounts, and
financial statements of the Corporation may be maintained for the
Corporation by retained accountants, or by the staff and personnel of the
City.
(c) The Corporation, or the City if the option described in subsection (b) is
selected, shall cause its books, records, accounts, and financial
statements to be audited at least once each fiscal year by an outside,
independent, auditing and accounting firm selected by the Corporation
and approved by the City Council. Such audit shall be at the expense of
the Corporation.
Section 4. Deposit and Investment of Corporate Funds.
(a) All proceeds from loans or from the issuance of bonds, notes, or other
debt instruments ("Obligations") issued by the Corporation shall be
deposited and invested as provided in the resolution, order, indenture, or
other documents authorizing or relating to their execution or issuance.
(b) Subject to the requirements of contracts, loan agreements, indentures or
other agreements securing Obligations, all other monies of the
Corporation, if any, shall be deposited, secured, and/or invested in the
NNW
BYLAWS Page 5
manner provided for the deposit, security, and/or investment of the
public funds of the City. The Board shall designate the accounts and
depositories to be created and designated for such purposes, and the
methods of withdrawal of funds therefrom for use by and for the purposes
of the Corporation upon the signature of its treasurer and such other
persons as the Board shall designate. The accounts, reconciliation, and
investment of such funds and accounts shall be performed by the City
Manager of the City, or his designee.
Section 5. Expenditures of Corporate Money.
The sales and use taxes collected pursuant to Section 4B of the Act and the
proceeds from the investment of funds of the Corporation, the proceeds from the
sale of property, and the proceeds derived from the sale of Obligations, may be
expended by the Corporation for any of the purposes authorized by the Act;
PROVIDED, however, that before expending funds to undertake a project, the
Corporation shall hold at least one public hearing on the proposed project.
Section 6. Issuance of Obligations.
No Obligations, including refunding Obligations, shall be delivered by the
Corporation unless the City Council shall have approved the issuance and sale of
such Obligations.
ARTICLE V
MISCELLANEOUS PROVISIONS
Section 1. Principal Office.
(a) The principal office and the registered office of the Corporation shall be
the registered office of the Corporation specified in the Articles of
Incorporation.
(b) The Corporation shall have and shall continually designate a registered
agent at its registered office, as required by the Act.
Section 2. Fiscal Year.
The fiscal year of the Corporation shall be the same as the fiscal year of the
City.
Section 3. Seal.
The seal of the Corporation shall be determined by the Board.
Section 4. Resignations.
Any director or officer may resign at any time. Such resignation shall be made
in writing and shall take effect at the time specified therein, or, if no time be
specified, at the time of its receipt by the president or secretary. The acceptance
of a resignation shall not be necessary to make it effective, unless expressly so
provided in the resignation.
BYLAWS Page 6
Section 5. Approval or Advice and Consent of the City Council.
Nov
To the extent that these bylaws refer to any approval by the City or refer to
advice and consent by the Council, such advice and consent shall be evidenced by a
certified copy of a resolution, order or motion duly adopted by the City Council.
Section 6. Services of City Staff and Officers.
Subject to the paramount authority of the City Manager under the Charter of
the City, the Corporation shall have the right to utilize the services and the staff
and employees of the City, provided (i) that the Corporation shall pay reasonable
compensation to the City for such services, and (ii) the performance of such
services does not materially interfere with the other duties of such personnel of the
City.
Section 7. Indemnification of Directors. Officers and Employees.
(a) As provided in the Act and in the Articles of Incorporation, the
Corporation is, for the purposes of the Texas Tort Claims Act (Chapter
101, Texas Civil Practices and Remedies Code), a governmental unit and
its actions are governmental functions. Under the Act as it exists on the
date of initial approval of these Bylaws, the Corporation, a Director of
the Corporation, the City, the members of the City Council and
employees of the Corporation and the City are not liable in damages
arising from performance of such governmental functions of the
Corporation or the City.
(b) The Corporation shall indemnify each and every member of the Board, its
officers, and its employees, and each member of the City Council and
each employee of the City, to the fullest extent permitted by law,
against any and all liability or expense, including attorneys fees, incurred
by any of such persons by reason of any actions or omissions that may
arise out of the functions and activities of the Corporation. The attorney
for the Corporation is authorized to provide a defense for members of the
Board, officers and employees of the Corporation.
ARTICLE VI
EFFECTIVE DATE, AMENDMENTS
Section 1. Effective Date.
These Bylaws shall become effective upon the occurrence of the following
events:
(1) the approval of these Bylaws by the City Council; and
(2) the adoption of these Bylaws by the Board.
Section 2. Amendments to Articles of Incorporation and Bylaws.
The Articles of Incorporation of the Corporation and these Bylaws may be
amended only in the manner provided in the Articles of Incorporation and the Act.
NNW
124rh1ib/bh/052296
BYLAWS Page 7
ARTICLES OF INCORPORATION JUG 2 $ 199F
of
`r.► RICHLAND HILLS DEVELOPMENT CORPORATION
SECT/ON
WE, the undersigned natural persons, not less than three in number, each of whom is is at least 18 years of age and is a qualified elector of the City of Richland
Hills, Texas (the "City"), acting as incorporators of a public instrumentality and
non-profit development corporation (the "Corporation") under the Development
Corporation Act of 1979, Article 5190.6, Tex. Rev. Civ. Stat. Ann., as amended (the
"Act"), with the approval of the City Council (the "City Council") of the City, do
hereby adopt the following Articles of Incorporation for the Corporation:
ARTICLE ONE
The name of the Corporation is RICHLAND HILLS DEVELOPMENT
CORPORATION.
ARTICLE TWO
The Corporation is a non-profit development corporation under the Act and is
governed by Section 4B of the Act.
ARTICLE THREE
Subject to the provisions of Article Eleven of these Articles, the period of
dt 1tion of the Corporation is perpetual.
ARTICLE FOUR
441.0,
(a) The purpose of the Corporation is to promote infrastructure
improvements, parks and park facilities and economic development within the City
and the State of Texas in order to eliminate unemployment and underemployment
and to promote and encourage employment and the public welfare of, for and on
behalf of the City by developing, implementing, providing, and financing projects
under the Act and as defined in Section 4B of the Act.
(b) In the fulfillment of its corporate purpose, the Corporation shall have the
power to provide financing to pay the costs of projects through the issuance or
execution of bonds, notes, and other forms of debt instruments, and to acquire,
maintain and lease and sell property, and interests therein, all to be done and
accomplished on behalf of the City and for its benefit and to accomplish its public
and governmental purposes as its duly constituted authority and public
instrumentality pursuant to the Act and under, and within the meaning of, the
Internal Revenue Code of 1986, as amended, and the applicable regulations of the
United States Treasury Department and the rulings of the Internal Revenue Service
of the United States prescribed and promulgated thereunder.
(c) In the fulfillment of its corporate purpose the Corporation shall have and
may exercise the powers described in paragraph (b) of this Article, together with all
of the other powers granted to corporations that are incorporated under the Act and
that are governed by Section 4B thereof, and, to the extent not in conflict with the
Act, the Corporation shall additionally have and may exercise all of the rights,
powers, privileges, authorities, and functions given by the general laws of the State
of Texas to nonprofit corporations under the Texas Non-Profit Corporation Act, as
46100, amended, Article 1396-1.01, et seq., Tex. Rev. Civ. Stat. Ann., as amended.
ARTICLES OF INCORPORATION Page 1
(d) The Corporation shall have the purposes and powers permitted by the Act
pursuant to the authority granted in Article III, Section 52-a of the Texas
.r w Constitution, but the Corporation does not have, and shall not exercise the powers
of sovereignty of the City, including the power to tax (except for the power to
receive and use the sales and use taxes specified in Section 4B of the Act) and the
police power, except that the Corporation shall have and may exercise the power of
eminent domain when the exercise thereof is approved by the City Council.
However, for the purposes of the Texas Tort Claims Act (Chapter 101, Texas Civil
Practice and Remedies Code), the Corporation is a governmental unit and its
actions are governmental functions.
(e) No bonds, notes, or other debt instruments or other obligations,
contracts, or agreements of the Corporation are or shall be deemed to be or
constitute the contracts, agreements, bonds, notes, or other debt instruments or
other obligations, or the lending of credit, or a grant of the public money or things
of value, of, belonging to, or by the State of Texas, the City, or any other political
corporation, subdivision or agency of the State of Texas, or a pledge of the faith
and credit of any of them. Any and all of such contracts, agreements, bonds, notes
and other debt instruments and other obligations, contracts and agreements shall be
payable solely and exclusively from the revenues and funds received by the
Corporation from the sources authorized by Section 4B of the Act and from such
other sources as may be otherwise lawfully available and belonging to the
Corporation from time to time.
ARTICLE FIVE
The Corporation has no members and is a non-stock corporation.
sr. ARTICLE SIX
These Articles of Incorporation may be amended in either one of the methods
prescribed in this Article.
(a) Pursuant to the powers of the City contained in Section 17(b) of the Act,
the City Council, by resolution, may amend these Articles of Incorporation by filing
amendments hereto with the Secretary of State as provided by the Act.
(b) The board of directors of the Corporation may file a written application
with the City Council requesting approval of proposed amendments to these
Articles of Incorporation, specifying in such application the proposed amendments.
If the City Council, by appropriate resolution, finds and determines that it is
advisable that the proposed amendments be made, authorizes the same to be made,
and approves the form of the proposed amendments, the board of directors of the
Corporation may proceed to amend these Articles of Incorporation in the matter
provided by the Act.
(c) The board of directors of the Corporation shall not have any power to
amend these Articles of Incorporation except in accordance with the procedures
established in paragraph (b) of this Article.
ARTICLE SEVEN
The street address of the initial registered office of the Corporation is City
Hall, 3200 Diana Drive, Richland Hills, Texas, 76118, and the name of its initial
*.••' registered agent at such address is Terri Willis.
ARTICLES OF INCORPORATION Page 2
ARTICLE EIGHT
Now The affairs of the Corporation shall be managed by a board of directors which
shall be composed of seven (7) persons appointed by the City Council, who are
residents of the City. Four (4) members of the board of directors shall be members
of the City Council (the "Councilmember Class") and three (3) members shall be
persons who are not members of the City Council and who are not employees of the
City (the "Citizenmember Class"). The names and street addresses of the persons
who are to serve as the initial directors of the respective classes and the dates of
expiration of their initial terms as directors, are as follows:
NAMES ADDRESSES DATE OF CLASS OF
EXPIRATION DIRECTOR
OF TERM
C. F. Kelley 3701 Granada June, 1998 Councilmember
Richland Hills, Texas 76118
Pat Watkins 7513 Bridges June, 1998 Councilmember
Richland Hills, Texas 76118
Horace Hamilton 7517 Hovenkamp June, 1998 Councilmember
Richland Hills, Texas 76118
Jim McKnight 7201 Bridges June, 1998 Councilmember
Richland Hills, Texas 76118
Nelda Stroder 2840 Kingsbury Ave. June, 1998 Citizenmember
44.10' Richland Hills, Texas 76118
Malvin Brantley 2900 Faye Drive June, 1998 Citizenmember
Richland Hills, Texas 76118
Sue Ratliff 3816 Granada June, 1998 Citizenmember
Richland Hills, Texas 76118
Each director shall hold office for the term for which the director is appointed
unless sooner removed or resigned. Each director, including the initial directors,
shall be eligible for reappointment. Directors are removable by the City Council at
will and must be appointed for a term of two (2) years. A vacancy occurring on the
board of directors through death, resignation or otherwise shall be filled by
appointment by the City Council for the remainder of the vacating member's term.
ARTICLE NINE
The names and street addresses of each incorporator are:
NAME ADDRESS
C. F. Kelley 3701 Granada Richland Hills, Texas 76118
Pat Watkins 7513 Bridges Richland Hills, Texas 76118
Horace Hamilton 7517 Hovenkamp Richland Hills, Texas 76118
Nsw
Jim McKnight 7201 Bridges Richland Hills, Texas 76118
ARTICLES OF INCORPORATION Page 3
•
ARTICLE TEN
'J.. (a) The initial bylaws of the Corporation shall be in the form and substance
approved by the City Council in its resolution approving these Articles of
Incorporation. Such bylaws shall be adopted by the Corporations's board of
directors and shall, together with these Articles of Incorporation, govern the
internal affairs of the Corporation until and unless amended in accordance with this
Article.
(b) Neither the initial bylaws nor any subsequently effective bylaws of the
Corporation may be amended without the consent and approval of the City Council.
The board of directors of the Corporation shall make application to the City
Council for the approval of any proposed amendments, but the same shall not
become effective until or unless the same shall be approved by resolution adopted
by the City Council. The City Council may propose and approve amendments on its
own motion.
ARTICLE ELEVEN
(a) The City Council may, in its sole discretion, and at any time, alter or
change the structure, organization, programs or activities of the Corporation, and it
may terminate or dissolve the Corporation, subject to the provisions of paragraphs
(b) and (c) of this Article.
(b) The Corporation shall not be dissolved, and its business shall not be
terminated, by act of the C. y Council or otherwise, so long as the Corporation
shall be obligated to pay any bonds, notes, or other obligations and unless the
collection of the sales and use tax authorized by Section 4B of the Act is eligible
for termination in accordance with the provisions of the Act.
(c) No action shall be taken pursuant to paragraphs (a) and (b) of this Article
or pursuant to paragraph (b) of Article Twelve of these Articles, in any manner or
at any time that would impair any contract, lease, right, or other obligation
theretofore executed, granted, or incurred by the Corporation.
ARTICLE TWELVE
(a) No dividends shall ever be paid by the Corporation and no part of its net
earnings remaining after payment of its expenses and other obligations shall be
distributed to or inure to the benefit of its directors or officers, or any individual,
private firm, or private corporation or association, except in reasonable amounts
for services rendered.
(b) If, after the close of any fiscal year, the board of directors shall
determine that sufficient provision has been made for the full payment of all
current expenses, together with all amounts payable on the contracts, agreements,
bonds, notes, and other obligations of the Corporation, and that all of the terms,
provisions, and covenants therein have been met, then any net earnings derived
from sources other than the sales and use taxes collected for the account of
Corporation pursuant to Section 4B of the Act thereafter accruing and lease
payments received in connection with projects financed pursuant to Section 4B of
the Act shall be paid to the City. All sales and use taxes collected for the account
of the Corporation pursuant to Section 4B of the Act, and lease payments received
in connection with projects financed pursuant to Section 4B of the Act shall be used
so. solely for the purposes permitted by Section 4B of the Act.
ARTICLES OF INCORPORATION Page 4
(c) If the Corporation ever should be dissolved when it has, or is entitled to,
any interest in any funds or property of any kind, real, personal, or mixed, such
'',41w, funds or property or rights thereto shall not be transferred to private ownership, but
shall be transferred and delivered to the City after satisfaction or provision for
satisfaction of all debts, claims, and contractual obligations, including any
contractual obligations granting rights of purchase of property of the Corporation.
(d) No part of the Corporation's activities shall consist of the carrying on of
propaganda, or otherwise attempting to influence legislation, and the Corporation
shall not participate in any political campaign of or in opposition to any candidate
for public office.
ARTICLE THIRTEEN
The City has specifically authorized the Corporation by resolution to act on its
behalf to further the public purposes stated in said resolution and in these Articles
of Incorporation, and the City has by said resolution approved these Articles of
Incorporation. A copy of said resolution is on file among the permanent records of
the City and the Corporation. ,� �
Signed by the Incorporators named above on this�i"S-� day of June, 1996.
/r�/
C. F. Kelley
Pi°c, J
Pat WatkinCA`�J�,/�//,
14
Horace Hamilton
` / \-g-cr
n
cKnight
THE STATE OF TEXAS §
COUNTY OF TARRANT §
I, the undersigned, a Notary Public of the State of Texas, do hereby certify
that on this O''day of June, 1996, personally appeared before me C. F. Kelley,
Pat Watkins, Horace Hamilton and Jim McKnight, who, each being by me first duly
sworn, severally declared that they are the persons who signed the foregoing
Articles of Incorporation as Incorporators, and that the statements therein
contained are true and correct.
_....___.s..6.1.24;11 .4_,,,.="k3,-.....Q.S1,1),_,<:-
lic, State of Texas
ter;: TERRI WILLIS
XPIRES
122rhlib/bh/061396 =•: •= My COMMISSION 2 ,1 97
May 26,1997
ARTICLES OF INCORPORATION Page 5
Corporations Section
P.O. Box 13697
Austin, Texas 787 1 1-3697
Antonio O. Garza, ]r.
Secretary of State
Office of the Secretary of State
t ~:~'
July 3, 1996
CRIBBS & MCFARLAND
ATTN: PAUL WIENESKIE
1000 WEST ABRAM, P.O. BOX 13060
ARLINGTON, TEXAS 76094-0060
RE: RICHLAND I€ILLS DEVELOPMENT CORPORATION
CHARTER NUMBER: 01405900-01
The following instrument has been filed in this office:
ARTICLES OF INCORPORATION.
Enclosed is a copy of this instrument for your files. Receipt of your remittance in payment of the
filing fee is acknowledged by this letter. Should you require further information or assistance,
please call (512) 463-5583.
Very truly yours,
~~ ~~~
Lorna Wassdorf
Deputy Assistant Secretary
Statutory Filings Division
c: enclosure
RR
Conte visit our new home an the buernet ~ httP://www.sos.State.tr.us/
(512) 463-5555 FAX (512) 463-5709 TbD (800) 735-2989
The 0(Ji~ e of the Se~•remn• of Snare does nor disrrimumte on the bnsis of rare, color, national onRin, ses, religion, rrge nr disahilih~ in emptoymrnf or the p~orisian aJ sen~icet.