(A) Creation. The creation of the Camden Redevelopment Corporation (the "Corporation”) is hereby authorized. The form of Articles of Incorporation presented to the City Council, a copy of which is attached hereto and incorporated herein by reference, is hereby adopted and approved as the Articles of Incorporation for the Corporation. The Mayor is hereby directed to execute the Articles of Incorporation. The Articles of Incorporation shall be subsequently filed with the South Carolina Secretary of State, and a stamped filed copy shall be retained in the minute books of this Corporation.
(B) Bylaws. The form of bylaws presented to the City Council, a copy of which is attached hereto and incorporated herein by reference, is hereby adopted and approved as the Bylaws of the Corporation. The bylaws shall remain in full force and effect until altered, amended or repealed by action of the Board of Directors of the Corporation as provided in the bylaws. A copy of such bylaws shall be retained in the minute books of the Corporation.
(C) Designated Director. The Corporation's bylaws provide that the Corporation shall have a Designated Director designated by a majority vote of the members of the City Council. The following resolution with respect to the designation of the Designated Director is hereby adopted.
(D) Electing Initial Elected Directors. The Corporation's bylaws provide that the Corporation shall have four Elected Directors. The following resolution with respect to the election of the initial Elected Directors, is hereby adopted.
(Res. 09-015, passed 11-10-09)