Chapter 2.56
ECONOMIC DEVELOPMENT CORPORATION

Sections:

2.56.010    Public Corporation Created.

2.56.020    Name Designated.

2.56.030    Charter of the Corporation.

2.56.040    Bylaws.

2.56.050    Board of Directors.

2.56.060    Procedures.

2.56.010 Public Corporation Created.

A public corporation is created to carry out the purposes of 1981 Washington Laws Chapter 300 (the "Act"). The public corporation shall be subject to the provisions of the Act. (Ord. 82-57 § 2, 1982)

2.56.020 Name Designated.

The name of the public corporation shall be "Economic Development Corporation of Pierce County" (the "Corporation"). (Ord. 82-57 § 3, 1982)

2.56.030 Charter of the Corporation.

The Charter of the Corporation, containing such provisions as are authorized by and not in conflict with the Act, is approved. The Corporation shall conduct its affairs in accordance with said Charter and the provisions of the Act. (Ord. 82-57 § 4, 1982)

2.56.040 Bylaws.

The bylaws of the Corporation are approved. (Ord. 82-57 § 5, 1982)

2.56.050 Board of Directors.

A.    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 be otherwise provided in the Charter, the bylaws of the Corporation or the Act.

B.    The number of Directors of the Board of Directors shall be nine, until such number shall be changed by ordinance of the Pierce County Council.

C.    No person shall be eligible to serve as a Director except a person who has been appointed as a Director by resolution of the County Council. Each Director so appointed shall serve a term of office not to exceed three years after September 15, 1985; provided, that the Chair of the Pierce County Council Select Committee on Economic Development shall serve as a Director ex officio.

The following directorships shall be vacated on September 15, 1985:

Chamber of Commerce Representative;

At Large Representative.

The following directorships shall be vacated on September 15, 1986:

Port of Tacoma Representative;

Small Cities Representative;

Labor Representative.

The following directorships shall be vacated on September 15, 1987:

City of Tacoma Representative;

Minority Representative;

Small Business Representative.

D.    The following interest groups shall be represented on the Corporate Board of Directors:

1.    Minority Representative;

2.    Small Business Representative;

3.    Chair of Pierce County Council Select Committee on Economic Development;

4.    Port of Tacoma Representative;

5.    City of Tacoma Representative;

6.    Small Cities Representative;

7.    Labor Representative;

8.    Chamber of Commerce;

9.    At Large Representative.

(Ord. 85-216S § 1, 1985; Ord. 85-106 § 1, 1985; Ord. 82-57 § 6, 1982)

2.56.060 Procedures.

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 of or decision 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. 82-57 § 7, 1982)