HomeMy WebLinkAbout08-27-97 TSHC Min MINUTES AND CERTIFICATION
On August 27, 1997, the Board of Directors (the `Board") of Texas Student
Housing corporation convened in 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 Bush, Jr. Secretary/Treasurer
Dr. Forrest Watson Member
Dr. John Brooks Member
Dr. Ted Gillum Member
Dr. Charles R. Bradberry Member
Carroll W. Schubert Member
vacant Member
all of whom were present except the following absentee(s): Dr. Forrest Watson and
Carroll W. Schubert, thus constituting a quorum. Also present were Dr. Patsy Sharp and
Mrs. Annette Bush, prospective new members.
Since there were new and prospective new members at this meeting, President
Carter asked everyone to introduce themselves. President Carter then announced that
since Abe Bush, Jr. has been elected to the Board of Aldermen of the Town of Westlake
and is prohibited from serving on this Board any longer, he has submitted his resignation.
President Carter accepted Mr. Bush's resignation and thanked him for his service on this
Board.
There was a motion by Mr. Blake to appoint Larry Williamson as the financial
advisor for the Board. Dr. Bradberry seconded and this motion carried unanimously.
There was a motion by Mr. Blake to present the names of Dr. Patsy Sharp, Mrs.
Annette Bush and Mr. Jim Milner to the Westlake Board of Aldermen as new
appointments to the Board of Directors. Dr. Gillum was asked to contact Mr. Milner to
see if he would still be willing to serve as a Board member. Dr. Bradberry seconded and
this motion carried unanimously.
Mr. Alan Moon and Mr. Larry Williamson gave the Board an update on the status
of the corporation. For the benefit of the new members they briefly explained how the
corporation began and what has been done to date. There were seven scholarships
awarded in 1996, with all seven recipients continuing in 1997. There were ten new
scholarships awarded in 1997, with one student declining as he received an appointment to
the United States Military Academy at West Point.
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Secretary/Treasurer Bush reported there is $42,724.45 in the local account. He
then asked Mr. Williamson if he would contact Mr. Peter Barlin at the Madison House in
Austin to find out why their bills for the scholarship winners are different.
It was suggested that President Carter appoint Annette Bush as the new
Treasurer, Ginger Crosswy as the new Secretary and assistant Treasurer and all of the
Board members as assistant Secretary. President Carter agreed with this suggestion.
President Carter presented the Board members with a proposal from Charles
Haynes, CPA for the 1996-97 audit. He stated that he would furnish the members with
a proposal from Thompson, Derrig & Slovaek, P.C. This is the firm that performed the
1995-96 audit. This item will be discussed at the next meeting.
There being no further business to discuss, 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 day of! 71997,
[SEAL] B .
Authorized cer
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