HomeMy WebLinkAbout01-30-96 TSHC Min MINUTES AND CERTIFICATION
On January 30, 1996 the Board of Directors (the 'Board") of Texas Student Housing
Corporation convened in a public meeting at the designated meeting place in Westlake, Texas.
The roll of the duly constituted officers and members of the Board was called, which are as
follows;
Name Title
James P. Carter President
Worth Blake Vice President
Abe A. Bush Secretary
William R. Branum Treasurer
Bill Wolston Member
Forrest Watson Member
Gary G. Wall Member
Carroll Schubert Member
vacant Member
all of whom were present except the following absentees)- William R. Branum; Bill Wolston;
Forrest Watson; and Carroll Schubert thus constituting a quorum.
A report was received from Steve Ross for SSRS, Inc. concerning the operations of the
student housing properties owned by the Texas Student Housing Corporation in College Station
and Bryan, Texas.
The Board ratified and approved the budget for the operations of the student housing
properties owned by the Texas Student Housing Corporation in College Station and Bryan,
Texas, for the fiscal year ending August 31, 1996.
Secretary Bush made a motion to transfer all balances over $10,000.00 to the First
National Bank of Bryan, Texas. Vice President Blake seconded; motion passed unanimously.
Vice President Blake made the motion to approve and ratify the budget as presented.
Secretary Bush seconded; motion passed unanimously.
The Board was to consider the Westlake scholarship program benefiting students in the
Keller Independent School District, the Carroll Independent School District and the Northwest
Independent School District, including qualifications for recipients. This item was not discussed.
Executive Session; The Board conducted a closed session pursuant to Chapter 551 of
the Texas Government Code with its Finance Attorney and its financial Advisor to discuss the
possible purchase of additional real properties, as permitted by Section 551.072 of the Texas
Government Code.
No action was taken during the executive session.
There being no further business to conduct, the meeting was adjourned.
MINUTES APPROVED AND CERTIFIED TO BE TRUE AND CORRECT and to
correctly reflect the duly constituted officers and members of the Board, and is hereby certified
to be a correct copy of an official copy thereof, on file among the official records of the
Board, on this 30' day of January, 1996.
Authorized Officer
[SEAL]
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