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R-82-454 - 5/27/1982RESOLUTION NO. `T 37 R RESOLUTION APPROVING THE CREATION OF ROUND ROCK HEALTH FACILITIES DEVELOPMENT CORPORATION; APPROV- ING THE ARTICLES OF INCORPORATION AND BYLAWS THEREOF AND APPOINTING THE INITIAL DIRECTORS THEREOF; AND CONTAINING OTHER PROVISIONS RELATING TO THE SUBJECT. WHEREAS, the Health Facilities Development Act, S.B. 766, 67th Texas Legislature, Regular Session, 1981, (the "Act "), authorizes the creation and organization of public non - profit health facilities development corporations to act as duly constituted authorities of cities to provide, expand and improve health facilities, as defined in the Act; and WHEREAS, the Act authorizes such public non - profit health facilities development corporations to issue revenue obligations and to utilize the proceeds from the sale of such obligations to pay all or a part of the cost of, or to make a loan in the amount of all or a part of the cost of, a health facility; and WHEREAS, the Act further authorizes cities to create and utilize such public non - profit housing finance corporations to accomplish such public purposes; and WHEREAS, in order to promote and carry out the public purposes set forth in the Act, the City Council of the City of Round Rock, Texas (the "City "), has determined to approve the creation of a public non - profit corporation under the Act to be designated and known as Round Rock Health Facilities Development Corporation (the "Corporation "); to approve the proposed Articles of Incorporation and Bylaws of the Corpora- tion; to appoint certain persons as members of the initial Board of Directors of the Corporation; and to take certain related actions set forth more fully hereinafter; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: Section 1. That the City Council of the City hereby finds, determines, recites and declares that it is in the public interest and to the benefit of the City's residents and the citizens of the State of Texas that the Corporation be created to promote and develop new, expanded or improved health facilities in order to assist the maintenance of the public health and the public welfare; that the creation and organization of the Corporation under the Act as a duly constituted authority of the City is hereby approved and that the Corporation is hereby authorized to act on behalf of the City for the limited and purely public purposes of acquiring, constructing, providing, improving, financing and refinancing health facilities. Section 2. That the City Council of the City hereby approves the Articles of Incorporation of the Corporation in substantially the form attached hereto as Exhibit "A ", and authorizes the incorporators of the Corporation to file such Articles of Incorporation with the Secretary of State of the State of Texas in the manner provided in the Act; and that the City Council of the City hereby approved the initial Bylaws of the Corporation in substantially the form attached hereto as Exhibit "B ", and authorizes the Board of Directors to adopt and utilize such Bylaws. Section 3. That the City Council of the City hereby appoints kafe o, , a 'd J g?�w1J , (each of een_J( whom is at least eight18) years of age and a resident of the City) to serve as the members of the initial Board of Directors of the Corporation. Section 4. That the City Council of the City hereby finds, determines, recits and declares that the creation and organization of the Corporation will serve a valid public purpose by improving the adequacy, cost and accessibility of health care, research and education within the State of Texas. Section 5. That the City Council of the City hereby finds, determines, recites and declares that, notwithstanding that the Corporation shall be a duly constituted authority of the City, it is not intended to be nor shall it ever be deemed to be a political subdivision or municipal or politi- cal corporation of the State of Texas within the meaning of any Constitutional or statutory provision, including without limitation, Article III, Section 52 and Article XI, Section 3 of the Texas Constitution. Section 6. That the City Council of the City hereby finds, determines, recites and declares that the obligations of the Corporation shall not be deemed an indebtedness, liability, general, special or moral obligation or pledge or loan of the faith or credit or taxing power of the State of Texas, the City or any other political subdivision or govern- mental unit, nor shall such obligations constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction, or an agreement, obligation or indebtedness of the City or the State of Texas within the meaning of any constitutional or statutory provi- sion whatsoever. Section 7. That the City Council of the City hereby finds, determines, recites and declares that it is the pur- pose, intent and desire of the City in approving the creation of the Corporation and its Articles of Incorporation, that such actions comply with the requirements of the Internal Revenue Code of 1954, as amended, and the Treasury Regula- tions and Internal Revenue Service rulings promulgated there- under, including, without limitation, Section 1.103 -1 of the Treasury Regulations and the Regulations issued pursuant thereto, to the end that the Corporation shall be deemed to be a constituted authority acting on behalf of the City pursuant to the Act and that any bonds or notes issued by the Corporation shall be considered issued on behalf of the City by a duly constituted authority of the City empowered to issue such bonds or notes. Section 8. That the City Council of the City has con- sidered evidence of the posting of notice of this meeting and officially finds, determines, recites and declares that a sufficient written notice of the date, place, and hour of this meeting and of the subject of this resolution was posted for at least seventy -two (72) hours before this meeting was convened; that such notice was posted on a bulletin board located at a place convenient to the general public in the City Hall of the City; that such place was readily accessible - 2 - to the general public at all times from the time of each such posting until this meeting was convened; and that this meeting has been open to the public at all times during which this resolution and the subject matter thereof has been discussed, considered and formally acted upon; all as required by the Open Meetings Law, Article 6252 -17, Vernon's Annotated Texas Civil Statutes, as amended. The City Council of the City further ratifies, approves and confirms such written notice and the contents and posting thereof. ATTEST: RESOLVED this 27th day of Ma/ 982, 11111Loi # L RY L. TON , Mayor City of Round Rock - 3 - ARTICLES OF INCORPORATION OF ROUND ROCK HEALTH FACILITIES DEVELOPMENT CORPORATION We, the undersigned natural persons, each of whom is at least eighteen (18) years of age and a resident of the City of Round Rock, Texas, acting as incorporators of a corpora- tion under the Health Facilities Development Corporations Act, S.B. 766, 67th Texas Legislature Regular Session 1981, do hereby adopt the following Articles of Incorporation for such Corporation: ARTICLE I The name of the Corporation is Round Rock Health Facili- ties Development Corporation. The purpose of the Corporation is to acquire, construct, provide, improve, finance and refinance health facilities to assist the maintenance of the public health. tion. ARTICLE II The Corporation is a non - profit public corporation. ARTICLE III The duration of the Corporation shall be perpetual. ARTICLE IV ARTICLE V The Corporation has no members and is a nonstock corpora- ARTICLE VI A. The Corporation shall have and possess all powers con- ferred by the laws of the State of Texas on public nonprofit corporations created under the Health Facilities Development Act. B. All powers of the Corporation shall be vested in a Board of Directors consisting of five (5) persons, each of whom shall be appointed by written resolution of the City Council of the City of Round Rock, Texas, and each of whom shall be a resident of such city. Each initial director named in Article VIII hereof, and each subsequent director, shall serve for a term of two (2) years or until his or her successor is appointed by the City Council of the City of Round Rock, Texas; provided, however, that any director may be removed from office at any time, for cause or at will, by written resolution of the governing body of the City of Round Rock, Texas. C. These Articles of Incorporation may be amended at any time and from time to time by the Board of Directors with the approval of the City Council of the City of Round Rock, Texas, or by written resolution of the City Council of the City of Round Rock, Texas, in its sole discretion, subject, however, to limitations on the impairment of contracts entered into by the Corporation, all under and in accordance with the Health Facilities Development Act. EXHIBIT "A" D. All other matters pertaining to the internal affairs of the Corporation shall be governed by the bylaws of the Corporation, so long as such bylaws are not inconsistent with these Articles of Incorporation, the Health Facilities Development Act, or any other law of the State of Texas. ARTICLE VII The street address of the initial registered office of the Corporation is 214 E. Main, Round Rock, Texas, 78664, and the name of its initial registered agent at such address is Joanne Land. ARTICLE VIII The number of directors constituting the initial Board of Directors of the Corporation is five (5). The names and ad- dresses of the members of the initial Board of Directors are: NAME ADDRESS Round Rock, Texas Round Rock, Texas Round Rock, Texas Round Rock, Texas Round Rock, Texas ARTICLE IX The names and street addresses of the incorporators are: NAME ADDRESS Round Rock, Texas Round Rock, Texas Round Rock, Texas ARTICLE X The name of the Corporation's sponsoring entity is the City of Round Rock, Texas. The address of the Corporation's sponsoring entity is 214 E. Main Street, Round Rock, Texas 78664. The City of Round Rock, Texas, has by resolution specifically authorized the Corporation to act on its behalf - 2 - to further the public purpose set forth herein, and has approved these Articles of Incorporation. IN WITNESS WHEREOF, we have hereunto set our hands this day of , 1982. THE STATE OF TEXAS COUNTY OF WILLIAMSON I, certify that on this being by me first duly person who signed the and that the statements THE STATE OF TEXAS COUNTY OF WILLIAMSON I, certify that on this being by me first duly person who signed the and that the statements , a Notary Public, do hereby day of , 1982, personally appeared before me, who sworn, declared that he or she is the foregoing document as an incorporator, therein contained are true. IN WITNESS WHEREOF, I have hereunto set my hand and seal the day and year above written. Notary Public in and for The State of Texas — 3 — , a Notary Public, do hereby day of , 1982, personally appeared before me, who sworn, declared that he or she is the foregoing document as an incorporator, therein contained are true. IN WITNESS WHEREOF, I have hereunto set my hand and seal the day and year above written. Notary Public in and for The State of Texas THE STATE OF TEXAS COUNTY OF WILLIAMSON I , a Notary Public, do hereby certify that on this day of 1982, personally appeared before me, who being by me first duly sworn, declared that he or she is the person who signed the foregoing document as an incorporator, and that the statements therein contained are true. IN WITNESS WHEREOF, I have hereunto set my hand and seal the day and year above written. Notary Public in and for The State of Texas 4 BYLAWS OF ROUND ROCK HEALTH FACILITIES DEVELOPMENT CORPORATION ARTICLE I BOARD OF DIRECTORS Section 1. Powers, Number and Term of Office. Subject to the restrictions contained in the Health Facilities Develop- ment Act, S.B. 766, Texas Legislature, Regular Session, 1981 (the "Act "), and the Articles of Incorporation of the Corpora- tion (the "Articles of Incorporation ")', all powers of the Corporation shall be vested in a Board of Directors consisting of five (5) persons, each of whom shall be appointed and hold office in accordance with the provisions of Article VI of the Articles of Incorporation. Section 2. Meetings of Directors. The directors may hold their meetings at such place or places in the State of Texas as the Board of Directors may from time to time determine; provided, however, in the absence of any such determination by the Board of Directors, the meetings shall be held at the principal office of the Corporation. Section 3. Regular Meetings. Regular meetings of the Board of Directors may be held, without the necessity for advance notice, at such times and places as shall be desig- nated from time to time by resolution of the Board of Directors. No notice shall be required for a regular meeting. Section 4. Special Meetings. Special meetings of the Board of Directors shall be held whenever called by the president, by the secretary, by a majority of the directors then in office or upon request by the City Council of the City of Round Rock, Texas (the "City "). The secretary shall give notice of each special meeting to each director 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. Section 5. Quorum. A majority of the directors fixed by the Articles of Incorporation shall constitute a quorum for the consideration of any matter pertaining to the purposes 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 of Directors. Section 6. Conduct of Business. At the meetings of the Board of Directors, matters pertaining to the purposes of the Corporation shall be considered in such order as from time to time the Board of Directors may determine. At all meetings of the Board of Directors, the president shall preside, and in the absence of the president, the vice - president shall exercise the powers of the president. The secretary of the Corporation shall act as secretary of all meetings of the Board of Directors, but in the absence of the secretary, the presiding officer may appoint any person to act as secretary of the meeting. EXHIBIT "B" Section 7. Executive Committee. The Board of Directors, by resolution adopted by a majority of the directors in office, may designate three or more directors to constitute an executive committee, which committee, to the extent provided in such resolution, shall have and may exercise all of the authority of the Board of Directors in the management of the Corporation, except where action of the Board of Directors is specified by law. The executive committee shall act in the manner provided in such resolution. The executive committee so designated shall keep regular minutes of the transactions of its meetings, shall cause such minutes to be recorded in books kept for that purpose, in the office of the Corporation, and shall report the same to the Board of Directors from time to time. Section 8. Compensation of Directors. Directors shall not receive any salary or compensation for their services, except that they may be reimbursed for their actual expenses incurred in the performance of their duties hereunder. ARTICLE II OFFICERS Section 1. Titles and Terms of Office. The officers of the Corporation shall be a president, a vice president, a secretary and a treasurer, and such other officers as the Board of Directors may from time to time elect or appoint. One person may hold more than one office, except that the president shall not hold the office of secretary. All officers shall be subject to removal from office, with or without cause, at any time, by a vote of a majority of the whole Board of Directors. A vacancy in the office of any officer shall be filled by a vote of a majority of the directors. Section 2. Powers and Duties of the President. The president shall be the chief executive officer of the Corpora- tion and, subject to the Board of Directors, he shall be in general charge of the properties and affairs of the Corpora- tion; he shall preside at all meetings of the Board of Directors; in furtherance of the purposes of this Corpora- tion, he may sign and execute all bonds, deeds, conveyances, franchises, assignments, mortgages, notes, contracts and other obligations in the name of the Corporation. Section 3. Vice President. The vice president shall have such powers and duties as may be assigned to him by the Board of Directors and shall exercise the powers of the president during that officer's absence or inability to act. Any action taken by a vice president in the performance of the duties of the president shall be conclusive evidence of the absence or inability to act of the president at the time such action was taken. Section 4. Treasurer. The treasurer shall have custody of all the funds and securities of the Corporation which come into his hands. When necessary or proper, he may endorse for collection, on behalf of the Corporation, checks, notes and other obligations and shall deposit the same to the credit of the Corporation in such bank or banks or depositories as shall be designated in the manner prescribed by the Board of - 2 - Directors; he may sign all receipts and vouchers for payments made to the Corporation, either alone or jointly with such other officers as may be designated by the Board of Directors; whenever required by the Board'of Directors, he shall render a statement of his cash accounts; he shall enter or cause to be entered regularly in the books of the Corpora- tion to be kept by him for that purpose full and accurate accounts of all monies received and paid out on account of the Corporation; he shall perform all acts incident to the position of treasurer, subject to the control of the Board of Directors; and he shall, if required by the Board of Directors, give such bond for the faithful discharge of his duties as the Board of Directors may regbire. Section 5. Assistant Treasurers. Each assistant treasurer shall have the usual powers and duties pertaining to his office, together with such other powers and duties as may be assigned to him by the Board of Directors. The assistant treasurers shall exercise the powers of the treasurer during that officer's absence or inability to act. Section 6. Secretary. The secretary shall keep the minutes of all meetings of the Board of Directors in books provided for that purpose; he shall attend to the giving and serving of all notices; in furtherance of the purposes of this Corporation, he may sign with the president in the name of the Corporation and /or attest the signature thereto, all contracts, conveyances, franchises, bonds, deeds, assign- ments, mortgages, notes and other instruments of the Corpora- tion; he shall have charge of the corporate books, records, documents, and instruments, except the books of account and financial records and securities of which the treasurer shall have custody and charge, and such other books and papers as the Board of Directors may direct, all of which shall at all reasonable times be open to inspection upon application at the office of the Corporation during normal business hours; and he shall, in general, perform all duties incident to the office of secretary, subject to the control of the Board of Directors. Section 7. Assistant Secretaries. Each assistant sec- retary shall have the usual powers and duties pertaining to his office, together with such other powers and duties as may be assigned to him by the Board of Directors or the secre- tary. The assistant secretaries shall exercise the powers of the secretary during that officer's absence or inability to act. Section 8. Compensation. Officers shall not receive any salary or compensation for their services, except that they may be reimbursed for their actual expenses incurred in the performance of their duties hereunder. ARTICLE III PROVISIONS REGARDING ARTICLES OF INCORPORATION AND BYLAWS Section 1. Effective Date. These Bylaws shall become effective upon their adoption by the Board of Directors of the Corporation. Section 2. Amendments to Bylaws. These Bylaws may be amended at any time and from time to time by majority vote of the Board of Directors, with the approval of the City Council of the City. - 3 - Section 3. Interpretation of Bylaws. These Bylaws and all the terms and provisions hereof shall be liberally construed to effectuate the purposes set forth herein. If any word, phrase, clause, sentence, paragraph, section or other part of these Bylaws, or the application thereof to any person or circumstance, shall ever be held to be invalid or unconstitutional by any court of competent jurisdiction, the remainder of these Bylaws and the application of such word, phrase, clause, sentence, paragraph, section or other part of these Bylaws to any other person or circumstances shall not be affected thereby. ARTICLE IV GENERAL PROVISIONS Section 1. Principal Office. The principal office of the Corporation shall be as determined by resolution of the Board of Directors; provided, however, that the principal office of the Corporation shall be located in the City. Section 2. Registered Office and Agent. The Corporation shall have and continuously maintain in the State of Texas a registered office, and registered agent whose business office is identical with such registered office, as required by the Act. The registered office may be, but need not be, identical with the principal office of the Corporation. The registered agent and the registered office may be changed from time to time by the Board of Directors, in accordance with the requirements of the Act. Section 3. Fiscal Year. The fiscal year of the Corpora- tion shall be as determined by resolution of the Board of Directors. Section 4. Seal. The seal of the Corporation shall be as determined by resolution of the Board of Directors. Section 5. Notice and Waiver of Notice. Whenever any notice whatsoever is required to be given under the provi- sions of the Act, the Articles of Incorporation or these Bylaws, 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 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 meet- ing, except where a director attends a meeting for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened. Neither the business to be transacted nor the purpose of any regular or special meeting of the Board of Directors need be specified in the notice or waiver of notice of such meeting, unless required by the Board of Directors. 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 6. Resignations. Any director or officer may resign at any time; provided, however, that any such resigna- tion shall be made in writing and shall not take effect until the successor to such director or officer shall have been elected or appointed and shall have qualified. - 4 - Section 7. Action Without a Meeting of Directors or Com- mittees. Any action which may be taken at a meeting of the Board of Directors or of any committee may be taken without a meeting if a consent in writing, setting forth the action to be taken, shall be signed by all of the directors, or all of the members of the committee, as the case may be. Such consent shall have the same force and effect, as a unanimous vote of the Board of Directors taken at a regular or special meeting duly called and convened. Section 8. Books and Records. The Corporation shall keep correct and complete books and records %of account and shall keep minutes of the proceedings of its Board of Directors. All such books, records and minutes shall be available for inspection by any director or officer or a duly authorized representative thereof or by any duly authorized representa- tive of the City. - 5 -