AG 2008 08 18 - Laserfiche WebLink

Home Browse Search

CABARRUS COUNTY TOURISM AUTHORITY Proposed Resolutions for Action by the Authority Board July 22, 2008 1. Adoption of bylaws. The bylaws attached to the minutes of this meeting are hereby adopted as the bylaws of the Cabarrus County Tourism Authority ("Authority"). 2. Election of initial officers, The following persons are hereby elected as the officers of the Authority to serve as such until their successors shall have been duly elected and qualified: Chair Terry Crawford Treasurer Garrett Jenio Secretary Noelle Scott President DeSales Wagster 3. Authorization to Proceed. The nonprofit corporation began operations on July 1, 2008 and the Officers are hereby authorized to continue to administer the affairs of the Authority pursuant to the requirements of Chapter 658 of the 1989 Session Laws of the North Carolina General Assembly, as amended ("Enabling Legislation"), the Articles of Incorporation, the Bylaws, the resolutions of the board of directors, the budget of the Authority, the North Carolina.Nonprofit Corporation Act, the North Carolina Local Government Budget and Fiscal Control Act, and other and applicable state and federal laws. 4. Corporate depository. F & M Bank, Dale Earnhardt Boulevard, Kannapolis, NC 28083, is hereby approved as a depository and banking institution.for tha corporation for all purposes. 5. Disbursements from County to Authority and Use.of Proceeds. Chapter 658 of the 1989 Session Laws of the North Carolina General Assembly, as amended ("Enabling Legislation") provides as follows: "Cabarrus County shall remit one hundred percent (100%) of the net proceeds of the occupancy tax to the Cabarrus County Tourism Authority established under Section 2 of this Act. As used in this act, "net proceeds" means gross proceeds less the direct cost to the county of administering and collecting the tax, not to exceed five percent (5°l0) of the amount collected." The Officers of the Authority are hereby authorized and instructed to receive, deposit and administer such funds, and any other funds the Authority receives, as required by the Enabling Legislation "only to develop or promote tourism, tourist-related suppdrt services and facilities, tourist•related events, tourist- related activities, or tourist attractions". 6. Check signing authority. All checks drawn on the accounts of the corporation must be signed by the President and the Director of Finance. 7. Fiscal year. The fiscal year of the cdrporation shall begin on July 1 and end on June 30. 8. Tax exemption. The President is authorized to apply for recognition of the corporation's tax exempt status to the Internal Rovenue Service and•the State.of North Carolina, 9. Designation of legal counsel. Gerry Hancock and the law firm of Everett, Gaskins, Hancock & Stevens LLP is hereby designated as legal counsel for the Authority. 10. Designation of accountant. Potter and Company of Concord, North Carolina is hereby designated as the accounting firm for the corporation, 11.Adoption of Seal. The corporate seal of the corporation, which shal{ consist of two concentric circles between which is the name of the corporation and in the center which is inscribed SEAL is hereby approved and adopted by the board of directors as the corporate seal of the corporation. ~~