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.