A. The CAC shall be incorporated by 50 incorporators, who shall be broadly representative of the city and its diverse cable access constituencies. Seventeen shall be individuals named by the mayor and the others shall be individuals selected by nonprofit cultural, educational, health, social service, civic and community organizations designated by the mayor. Each such organization shall select one incorporator. The incorporators shall conduct their first meeting no later than 90 days after the enactment of the franchise(s). They shall, at the earliest feasible date, take all steps necessary to incorporate the CAC as an Illinois not-for-profit corporation, exempt from federal and state income tax and eligible to receive tax-deductible contributions.
(Prior code § 113.1-38; Amend Coun. J. 12-9-92, p. 25465; Amend Coun. J. 4-24-12, p. 23998, § 1)