Orange County NC Website
Browse       Search
0 <br />Resolution of the Board of Directors of Orange County Small Business <br />Loan Program Company -Changing Bylaw Provisions Pertaining to Directors <br />WHEREAS, the Directors of the Orange County Small Business Loan Program <br />Company have determined that it would be in the Company's.best interests to alter the <br />provisions of the Company's bylaws pertaining to the Directors; <br />THEREFORE, BE IT RESOLVED by the Board of Directors of the Orange County <br />Small Business Loan Program Company that Article III of the bylaws, pertaining to Directors, is <br />deleted and replaced in its entirety with the text set forth as Exhibit A; <br />BE IT FURTHER RESOLVED that the Board of Commissioners of Orange County, <br />North Carolina, is requested to approve this change to the bylaws; and <br />BE IT FURTHER RESOLVED that (a) the Company's Secretary is authorized and <br />directed to transmit this resolution to the Orange County Board of County Commissioners, and <br />(b) all Company officers and Directors are authorized and directed to take all such further action <br />as maybe appropriate to put this change to the bylaws in effect and to carry out the purposes and <br />intents of this resolution. <br /> <br />The undersigned Secretary of Orange County Small Business Loan Program Company <br />certifies that the above is a correct and complete copy of a resolution duly adopted by the <br />Company's Board of Directors at a special meeting duly called and held on October 11, 2007. A <br />quorum was present and acting throughout such meeting. <br />The required five-days notice of the meeting required by the bylaws had been properly <br />delivered to all members of the Board of Directors in compliance with the requirements of the <br />bylaws. <br />The resolution was approved by a vote of 5 to 0, thereby providing the necessary two- <br />thirds majority approval from the total of 5 Directors present at the meeting. In addition, the <br />resolution was approved by the unanimous vote of all three County Directors, as required by the <br />bylaws. <br />WITNESS my signature and the seal of Orange County -Small Business Loan Program <br />Company, this 1 l~' day of October, 2007. <br />[SEAL] <br /> -~~~~~-~,~~r,~,~:. <br /> <br /> t <br /> <br />~ r <br />«y'd r <br />~M° <br />\. _ <br />_ f <br /> -; . <br /> <br /> r t~ `;,. _ <br /> ~, <br /> <br /> `~ <br />~ <br />"'rte ~~ ' %i ~ a`~~`~ <br /> <br /> <br />Se retary <br />Orange County Small Business <br />Loan Program Company <br />