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HomeMy WebLinkAbout03-10-03 TSHC New Frontiers MINUTES AND CERTIFICATION On March 10, 2003, the Board of Directors(the`Board") of the Texas Charter School Corporation—New Frontiers Charter School, Inc. Project 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 Annette Bush Treasurer Dr. Forrest Watson Member Becky Rogers Member Dr. John Brooks Member Michelle Corson Member All of whom were present except Dr. Watson, Ms. Bush and Mr. Carter. Also present were: Mr. Allen Moon, Mr. Bill Moon, Mr. Larry Williamson, Mr. Scott Bradley, Mr. Hank Smyth and Ms. Ginger Crosswy. Vice President Blake called the meeting to order at 5:40 p.m. and welcomed Michelle Corson as a new Board member and Mr. Smyth the candidate for the Executive Director position. Consider a Resolution relating to the organization of the corporation and resolving related matters. President Carter arrived during this discussion and assumed the chair. There was a lengthy discussion during which Mr. Allen Moon answered questions. There was a motion by Dr. Brooks, seconded by Mr. Blake, to adopt the resolution approving the articles of incorporation and bylaws of the corporation, appointing officers, designating a principal office, seal, and depository, hiring an Executive Director and approving the terms of the Executive Director's employment agreement, engaging a General Counsel, Financial Advisor, Finance Counsel, Special Finance Counsel, and Real Estate and Finance consultant, authorizing action on any other matters lawfully before the Board and resolving related matters. There was no further discussion and the motion carried unanimously. Consider a Resolution relating to authorizing TEFRA Hearings and resolving related matters. After a short discussion there was a motion by Mr. Blake, seconded by Dr. Brooks, to adopt a Resolution by the Board of Directors of the Texas Charter School Corporation — New Frontiers Charter School, Inc. Project expressing an intent to issue bonds to finance an educational facility to be used by an open enrollment Charter School, directing the publication of Notice of Intention to hold one or more public hearings regarding the issuance of the bonds, and resolving related matters. There was no further discussion and the motion carried unanimously. Consider a Resolution authorizing the issuance of bonds to finance Charter School facilities and resolving related matters. After a short discussion there was a motion by Dr. Brooks, seconded by Ms. Corson, to adopt a resolution authorizing the financing and/or refinancing of educational facilities to be owned and used by an open enrollment Charter School, approving the form and substance of, and authorizing the execution and delivery of, the documents appropriate to effect the financing and/or refinancing of the facilities, and resolving related matters on the condition that the Board be covered by a Directors and Officers Insurance policy. There was no further discussion and the motion carried unanimously. There being no further business the meeting was adjourned at 6:04 p.m. 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 off cial copy thereof, on file among the official records of the Board, on this the 5" day of August 2003. ATTEST: s P. Carter, Presid t bin or Crosswy, Secret