CHAPTER I. ADMINISTRATIONCHAPTER I. ADMINISTRATION\ARTICLE 7. INDUSTRIAL DEVELOPMENT CORPORATION

The Anthony Industrial Development corporation is organized not for profit and the purpose for which it is formed is the encouragement, attraction, procurement, maintenance and expansion of business and industry in and for the city and surrounding territory.

(Code 1990)

This corporation shall be known as the Anthony Industrial Development Corporation and shall be responsible to the Anthony City Commission in its actions.

(Code 1990)

The board of directors shall consist of nine regular members, plus a current member of the Anthony Chamber of Commerce Board. Each of the 10 members to have equal voting privileges. Directors shall serve staggering four year terms, beginning April 15th of each year, or until such time as their successor is qualified.

(Code 1990; Code 2007)

(a)   All meetings of the directors shall be held at the registered office of the corporation or at such other place or places as the board of directors shall designate and shall meet at least once each month upon call of the president.

(b)   Special meetings of the board of directors may be held upon call of the president or by two directors.

(Code 1990)

(a)   The officers of this corporation shall be president, vice­ president and secretary.

(b)   The officers shall be elected by the board of directors for one year terms.

(c)   First set of directors to serve staggered terms as follows: three for one year terms; three for two year terms, and three for three year terms, and member of the chamber of commerce board during his or her tenure in office.

(d)   In case of vacancy shall occur among the members of the board of directors, his or her successor shall be elected by the board of directors and approved by the City Commission.

(Code 1990)

Any citizen of Anthony, or surrounding territory, may be a member of this corporation. (Code 1990)

The Anthony Industrial Development Corporation may adopt by­ laws may be amended wholly, or in part, by a majority vote of the directors at a regular meeting, providing that a notice has been given at a previous meeting.

(Code 2007)

Funds for the operation of the Anthony Industrial Development Corporation shall be provided by a tax levy of not more than one mill. These funds or other city funds as authorized by law to be used in securing or maintaining or expanding businesses, industries or manufacturing institutions for the city or near its environs, with the approval of the city commissioners. Further funds for operation shall be provided by donation of interested members.

(Code 1990)

The secretary shall make a record of all directors meetings, keep an account of expenditures with record to be filed with the city clerk’s office for the governing body’s review and for future reference.

(Code 2007)