HomeMy WebLinkAboutReso 92-072 - Appointing Directors to to the Redding Capital Services Corp7
RESOLUTION NO. 92-'�2--
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPOINTING DIRECTORS TO THE REDDING CAPITAL SERVICES
CORPORATION.
WHEREAS, the Redding Capital Services Corporation (the
"Corporation" ) was duly incorporated in the State of California
on September 19, 1989, as a Nonprofit Public Benefit Corporation
under the Nonprofit Public Benefit Corporation Law (commencing at
Section 5110 of the California Corporations Code) ; and
WHEREAS, the Corporation gave assistance to the City of
Redding (the "City" ) in connection with the execution and
delivery of the $56,479,802. 80 Electric System Revenue
i Certificate of Participation, Series 1989-A (the "Certificate" ) ,
evidencing and representing interests of the owners thereof in
installment sale payments to be made by the City; and
WHEREAS, Section 3 . 02 of the Bylaws of the Corporation (the
"Bylaws" ) provide that the number of Directors of the Corporation
shall be three; and Section 3 .04 of said Bylaws provides that
vacancies on the Board of Directors shall be filled by approval
of the City Council of the City; and
WHEREAS, JAMES H. GIBBS, JERRY L. NEWLIN, AND DEBORAH N.
FLASCHEN, the initial three Directors of the Corporation, have
each tendered to the Corporation and the City a resignation from
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the Board of Directors effective on the date respective
successors are appointed; and
WHEREAS, the City Council of City now desires to appoint new
Directors to the Board of Directors of the Corporation;
NOW, THEREFORE, IT IS HEREBY RESOLVED that the City Council
of the City of Redding hereby appoints the following three
individuals to the Board of Directors of Redding Capital Services
Corporation, effective immediately:
ROBERT S. GULLIXSON
EUGENE DAIS
ETHEL A. NICHOLS.
I HEREBY CERTIFY that the foregoing Resolution was
introduced and read at a regular meeting of the City Council of
the City of Redding on the 18th day of February, 1992, and was
duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Arness, Carter, Fulton & Moss
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Dahl
ABSTAIN: COUNCIL MEMBERS: None
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CHARLIE MOSS, Vice-Mayor
City of Redding
AT �'ST: _ FORM PROVED:
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CONNIE STROHMAYER, y Clerk RAN ALL A. HAYS, Ci y Attorney
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