Chapter 2.84
BOTHELL PUBLIC CORPORATION

Sections:

2.84.010    Public corporation – Created.

2.84.020    Public corporation – Name.

2.84.030    Charter adopted.

2.84.040    Bylaws adopted.

2.84.050    Policies adopted.

2.84.060    Board of directors – Created.

2.84.070    Board of directors – Quorum.

2.84.010 Public corporation – Created.

A public corporation is created to carry out the purposes of Chapter 300, Laws of 1981, Chapter 39.84 RCW. The public corporation shall be subject to the provisions of the herein referenced statutes. (Ord. 1142 § 1, 1984).

2.84.020 Public corporation – Name.

The name of the public corporation shall be the Bothell Public Corporation. (Ord. 1142 § 2, 1984).

2.84.030 Charter adopted.

The charter of the Bothell Public Corporation, a copy of which has been and now is on file with the city clerk identified as Exhibit A attached to the ordinance codified in this chapter and incorporated in this chapter by reference as if fully set forth, containing such provisions as are authorized by and not in conflict with state law, is approved. The corporation shall conduct its affairs in accordance with the charter and the provisions of state law. (Ord. 1142 § 3, 1984).

2.84.040 Bylaws adopted.

The bylaws of the Bothell Public Corporation, a copy of which has been and now is on file with the city clerk identified as Exhibit B attached to the ordinance codified in this chapter and incorporated in this chapter by reference as if fully set forth, are approved. (Ord. 1142 § 4, 1984).

2.84.050 Policies adopted.

The policies set forth on Exhibit C attached to the ordinance codified in this chapter, a copy of which has been and now is on file with the city clerk and incorporated in this chapter by this reference as if fully set forth, are adopted as official policies governing the use of industrial revenue bond financing in the city of Bothell to be followed by the corporation. (Ord. 1142 § 5, 1984).

2.84.060 Board of directors – Created.

A board of directors is established to govern the affairs of the corporation. All corporate powers of the corporation shall be exercised by or under the authority of, and the business, property and affairs of the corporation shall be managed under the direction of, the board of directors, except as may otherwise be provided in the charter, the bylaws or state law. The board of directors of the corporation shall be composed of the mayor of the city and the economic development committee, which shall be limited to two members of the city council, as constituted from time to time acting ex officio as directors. Each director shall serve on the board for ‘so long as the director shall be the mayor or a member of the economic development committee of the city council. (Ord. 1142 § 6, 1984).

2.84.070 Board of directors – Quorum.

At the meetings of the board of directors, a majority of the directors in office at the time shall be sufficient to constitute a quorum. Every act or decision done or made by a majority of the directors present at a meeting of the corporation duly held, at which a quorum is present and acting, shall be regarded as the act of the board of directors. (Ord. 1142 § 7, 1984).