Chapter 2.22
PUBLIC CORPORATION

Sections:

2.22.010    Public corporation created.

2.22.020    Name of public corporation.

2.22.030    Charter adopted.

2.22.040    Bylaws adopted.

2.22.050    Board of directors created.

2.22.060    Majority to constitute a quorum.

2.22.010 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. 1060 § 1, 1982).

2.22.020 Name of public corporation.

The name of the public corporation shall be the Redmond public corporation. (Ord. 1060 § 2, 1982).

2.22.030 Charter adopted.

The charter, set forth in Exhibit A attached to the ordinance codified in this chapter and on file in the City Clerk’s office, containing such provisions as are authorized by and not in conflict with state law, is hereby approved. The corporation shall conduct its affairs in accordance with the Charter and the provisions of state law. (Ord. 1060 § 3, 1982).

2.22.040 Bylaws adopted.

The bylaws, set forth in Exhibit B attached to the ordinance codified in this chapter and on file in the City Clerk’s office, are hereby approved. (Ord. 1060 § 4, 1982).

2.22.050 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 number of directors of the board of directors shall be three until such number is changed by resolution of the City Council. The membership of the board of directors shall be those members of the City Council serving on the City Council finance committee, which members shall serve ex officio by right of their office. (Ord. 1405 § 1, 1988: Ord. 1152 § 1, 1983; Ord. 1060 § 5, 1982).

2.22.060 Majority to constitute a quorum.

At all 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. 1060 § 6, 1982).