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HomeMy WebLinkAbout08-08-85-9.B - Resolution - 08/08/1985RESOLUTION NO. 08-08-85-9.B A RESOLUTION BY THE CITY COUNCIL OF COLLEGE STATION, TEXAS RELATING TO THE CONTINUED OPERATION OF THE SOUTHEAST TEXAS HIGHER EDUCATION AUTHORITY, INC., AND APPROVING CERTAIN AGREEMENTS IN CONNECTION THEREWITH. WHEREAS, the City of College Station, Texas, (the "City") has heretofore requested that the Southeast Texas Higher Education Authority, Inc. (the "Authority") organize and operate pursuant to Section 53.47(e), Texas Education Code, V.A.T.C.S., as amended (the "Act") for the purpose of fur- thering educational opportunities of students by providing funds to purchase or to make student or parent loans which are guaranteed under the provisions of the Higher Education Act of 1965, as amended; and, WHEREAS, the Authority has duly exercised such powers in accordance with the Act, in a dilligent and forthright manner, in accordance with the purposes for which it was created by its two sponsoring cities; and, WHEREAS, such operating powers include the formulation of a Plan of Doing Business, a set of By-laws and Articles of Incorporation and the amending thereof from time to time in accordance with the Act; and, WHEREAS, the Authority has determined it is in the best interest of the purpose for which it was formed to expand its authorized service area to include an additional thirty- six (36) counties in East Texas, as specified in its Res- olution adopted the 25th day of July, 1985, attached hereto as Exhibit "A"; and, WHEREAS, the expanded service area of the Authority justifies an expansion of the membership of the Board of Directors (the "Board") of the Authority to assure a fair representation of the interests of the citizens in such area who are the intended beneficiaries of the Act and to provide a desirable representation of the geographic diversity in the expanded service area; and, WHEREAS, the Authorityhas amended its By-laws to pro- vide y- vide for a Board composed of ten (10) Directors to be nominated for appointment as provided in its Resolution passed of Jul the 25th day1985,attached hereto as July, InirnExhibit "B"; now therefore, Resolution No. 08-08-85-9.B Page 2 BE IT RESOLVED BY THE CITY OF COLLEGE STATION: Section 1. That all of the recitals contained in the preamble hereof are found to be true and are adopted as the findings of this City Council. Section 2. That the actions taken by the Authority or to be taken in connection herewith amending its By-laws, Articles of Incorporation and Plan of Doing Business are acknowledged and approved by this City Council as fur- thering the purposes for which the Authority was formed. Section 3. That this resolution shall be effective from and after its adoption. ATTEST: Ian Jones �; llllii: EXHIBIT "A" A RESOLUTION by the Board of Directors of the SOUTHEAST TEXAS HIGHER EDUCATION AUTHORITY, INC. Relating to the Expansion of the Authorized Service Area of the SOUTHEAST TEXAS HIGHER EDUCATION AUTHORITY. WHEREAS, it has been mutually agreed between the SOUTHEAST TEXAS HIGHER EDUCATION AUTHORITY, INC. and the EAST TEXAS HIGHER EDUCATION AUTHORITY, INC. that an expansion of the SOUTHEAST TEXAS HIGHER EDUCATION AUTHORITY into the authorized service area of the EAST TEXAS HIGHER EDUCATION AUTHORITY would be of significant benefit to students, lenders and educational institutions of both Authorities; and, WHEREAS, the EAST TEXAS HIGHER EDUCATION AUTHORITY has expressed its desire and given its approval that the SOUTHEAST TEXAS HIGHER EDUCATION AUTHORITY expand its authorized service area to include those Texas counties which also comprise the authorized service area of the EAST TEXAS HIGHER EDUCATION AUTHORITY; now therefore, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SOUTHEAST TEXAS HIGHER EDUCATION AUTHORITY that the SOUTHEAST TEXAS HIGHER EDUCATION AUTHORITY expand its authorized service area to include, and agrees to exercise its powers within, the Texas counties of: . Angelina Franklin Lamar San Augustine Bowie Grayson Morris Shelby rt Camp Gregg Nocogdoches Smith Cass Harrison Navarro Titus Cherokee Henderson Panola Trinity Collin Hopkins Rains Upshur Cooke Hunt Red River Van Zandt Delta Johnson Rockwall Walker Fannin Kaufman Sabine Wood PASSED AND APPROVED this the 25th day of July, 1985. President, Southeast Texas Higher Education Authority, Inc. Attest: Sec rotary, Southease Texas H[y her Education Authority, Inc. EXHIBIT "B" RESOLUTION NO. A RESOLUTION by the Board of Directors of the SOUTHEAST TEXAS HIGHER EDUCATION AUTHORITY, INC. Relating to the amendment of Article 2.02 of By-laws of the SOUTHEAST TEXAS HIGHER EDUCATION AUTHORITY. BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SOUTHEAST TEXAS HIGHER EDUCATION AUTHORITY THAT Articles 2.02 of the By -Laws of the SOUTHEAST TEXAS HIGHER EDUCATION AUTHORITY be amended as follows: From and after December 1, 1985, the number of Directors of the Authority shall be ten (10). Directors' terms of office shall expire on December 1 with Directors in places 1 through 5 expiring in odd numbered years and Directors in places 6 through 10 expiring in even numbered years. From and after December 1, 1985, the governing body of the City of Bryan shall elect the Directors in places 1, 3, 5, 7 and 9. The governing body may select any resident of the State of Texas for places 1, 3 and 5, but shall for places 7 and 9 select a resident of those counties located in the State of Texas identified on the attached Addendum "I" attached hereto and incorporated herein for all purposes. From and after December 1, 1985, the governing body of the City of College Station shall elect the Directors in places 2, 4, 6, 8 and 10. The governing body may select any resident of the State of Texas for places 2, 4 and 6, but shall for places 8 and 10 select a resident of those counties located in the State of Texas identified on the attached Exhibit "A" attached hereto and incorporated herein for all purposes. Vacancies shall be filled by the governing bodies of the City filling such position. PASSED AND APPROVED this the day of , 1985. Attest: PRESIDENT, Southeast Texas Higher Education Authority, Inc. ADDENDUM "I" Angelina Lamar Bowie Morris Camp Nacogdoches Cass Navarro Cherokee Panola Collin Rains Cooke Red River Delta Rockwall Fannin Sabine Franklin San Augustine Grayson Shelby Gregg Smith Harrison Titus Henderson Trinity Hopkins Upshur Hunt Van Zandt Johnson Walker Kaufman Wood