By Alexander                                           H.B. No. 967
         76R1979 CLG-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the qualifications of a member of the board of
 1-3     directors of certain development corporations.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Section 4B(c), Development Corporation Act of
 1-6     1979 (Article 5190.6, Vernon's Texas Civil Statutes), is amended to
 1-7     read as follows:
 1-8           (c)  The board of directors of a corporation under this
 1-9     section consists of seven directors who are appointed by the
1-10     governing body of the eligible city for two-year terms of office.
1-11     A director may be removed by the governing body of the eligible
1-12     city at any time without cause.  Each director must be a resident
1-13     of the eligible city or the county in which the major part of the
1-14     area of the eligible city is located.  Three directors shall be
1-15     persons who are not employees, officers, or members of the
1-16     governing body of the eligible city.  A majority of the entire
1-17     membership of the board is a quorum.  The board shall conduct all
1-18     meetings within the boundaries of the eligible city.  The board
1-19     shall appoint a president, a secretary, and other officers of the
1-20     corporation that the governing body of the eligible city considers
1-21     necessary.  The corporation's registered agent must be an
1-22     individual resident of the state and the corporation's registered
1-23     office must be within the boundaries of the eligible city.
1-24           SECTION 2.  This Act takes effect September 1, 1999.
 2-1           SECTION 3.  The importance of this legislation and the
 2-2     crowded condition of the calendars in both houses create an
 2-3     emergency and an imperative public necessity that the
 2-4     constitutional rule requiring bills to be read on three several
 2-5     days in each house be suspended, and this rule is hereby suspended.