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RESOLUTION AUTHORIZING THE AF~NDMENTS OF THE ARTICLES OF <br />INCORPORATION OF THE INDUSTRIAL DEVELOPI~ENT AUTHORITY <br />OF THE CITY OF UNIVERSITY CITY, MISSOURI, AND DETERMINING <br /> AND APPROVING CERTAIN MATTERS RELATED THERETO. <br /> <br /> WHEREAS, the members of the Board of Directors of the Industrial <br />Development Authority of the City of University City, Missouri have filed <br />with the governing body of the City pursuant to Chapter 349 of the Revised <br />Statutes of Missouri (the "Industrial Development Corporation Act"), an <br />Application Seeking Permission to Amend the Articles of Incorporation of <br />said Industrial Development Autbority for the purpose of bringing said <br />Articles into conformance with recent amendments to the Industrial Develop- <br />ment Corporations Act, a copy of the Application (including the form of <br />the proposed amendments) being attached hereto and marked Exhibit A; and <br /> <br /> WHEREAS, after review and discussion of said Application and form of <br />the proposed amendments it has been found and determined that it is wise, <br />expedient, necessary and advisable that said proposed amendment be made; an~ <br /> <br /> WHEREAS, since the Industrial Development Corporation Act requires <br />that the governing body of the City of University City, Missouri, take <br />certain actions with respect to the amendments to the Articles of Incor- <br />poration of the Industrial Development Authority, it is necessary and <br />advisable to adopt this Resolution; <br /> <br /> NOW THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF <br />UNIVERSITY CITY, MISSOURI, AS FOLLOWS: --- <br /> <br /> Section 1. Findings and Determinations. The governing body of the <br />City of University City, Missouri hereby finds-and determines that it is <br />wise, expedient, necessary and advisable that the proposed Amendments to <br />the Articles of Incorporation of the Industrial Development Authority of <br />the City of University City, Missouri, be made. <br /> Section 2. Approval Of ApPlication and form of the proposed 'amend- <br />ments~ 7~-~-A~pliCation and form of amendments to the Articles of Incor- <br />poration of the Industrial Development Authority of the City of <br />University City, Missouri, are hereby approved, and the Board of Directors <br />of said Industrial Development Authority is hereby authorized and directed <br />to make the proposed ~mendments by subscribing, acknowledging and filing <br />an appropriate certificate of amendment with the Secretary of State of <br />Mis souri. <br /> Section 3. Captions. The captions and headings of the sections of <br />this Resolution are for convenience only and are not to be used to <br />interpret or define the provisions hereof, <br /> Section 4. This Resolution shall take effect immediately upon its <br />passage by the governing body of the City of University City, Missouri. <br /> <br /> PASSED by the governing body/~'~the City of University City, <br />Missouri, this 26th day of July, !982~ <br /> <br />(.Seal) ~yo~ !} ' //.. <br />ATTEST: <br /> <br />~ity Clerk <br /> <br /> <br />