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RESOLUT I ON <br /> <br /> The matter of the creation of an Industrial Development Corporation <br />was then considered. After general consideration, Counci Iman Adams <br />offered the following Resolution and moved its adoption. <br /> <br /> WHEREAS, the electorate has appl led to the City Council of the Clty <br />of University City to form an Industrial Development Corporation; and <br /> <br /> WHEREAS, the City Council of the City of University City find and <br />determine that it is wi se, expedient, necessary and advisable that an <br />Industrial Development Corporation be formed; and <br /> <br /> WHEREAS, the City Council of the City of University City find that <br />the electorate making said application are the proper parties to fo~m such an <br />Industrial Development Corporation; and <br /> <br /> WHEREAS, the City of University City find that the formatlon of an <br />Industrial Development Corporation would be beneficial for the development of <br />commercial, industrial and manufacturing facilities within the City of <br />University City; and <br /> <br /> WHEREAS, the application as submitted by the electorate contains <br />sui table Articl es of Incorporation for said Industrial Development <br />Cor porat i on. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED that the City hereby approves the <br />application submitted by the electorate for the formation of the Industrial <br />Development Corporation and that the City further authorizes the applicants <br />to proceed to form the Industrial Development Corporation for the afore- <br />mentioned purposes. The City hereby approved the form of the Articles of <br />Incorporation fi led with the applicatic~n; and <br /> <br /> IT IS FURTHER RESOLVED that the City, by its City Council, hereby <br />appoint and elect to the Directorship the initial directors of the Industrial <br />Development Corporation the following: <br /> <br /> NAME ADDRESS <br /> <br /> --ffF.'~ ~ff~r~-w~-f~ ......... ~o~o p~h~.s Ave.. <br /> <br />Mr. Nornk~n Davis <br /> <br />Ms Marian Barnholtz <br /> <br />M~. W. James Enghauser <br /> <br />Mr. Stephen Coburn <br /> <br />Mr. S¥1vester Stevenson, Jr. <br />Mr. Stephen.ZeKel <br /> <br />7149 Westmore land <br /> <br />7458 Delmar <br /> <br /> 823 Jackson' <br /> <br />7159-Iiin~sSury <br />8273 Tulane <br /> <br />7314 Dartmouth <br /> <br /> <br />