HomeMy WebLinkAboutOrd 233 Creation of a Higher Educaiton Authority and appointing directorsORDINANCE 233 233
AN ORDINANCE CREATING A HIGHER EDUCATION AUTHORITY, APPOINTING
THE INITIAL BOARD OF DIRECTORS THEREOF, AND RESOLVING RELATED
MATTERS
WHEREAS, the Higher Education Authority Act ((1-titer 53 of the Education Code) (the "Act")
authorizes a city to create a higher education authority if the ity's governing body finds that the creation
of the higher education authority is in the best interest of the city and its inhabitants;
WHEREAS, such a higher education authority would be e Ay politic and corporate having no
taxing power;
WHEREAS, such a higher education authority would be authorized under the Act (among other
things) to acquire, construct, improve, operate, maintain, and refinance education facilities and housing
facilities and to contract with private companies to manage such facilities;
WHEREAS,the Act authorizes a higher education authority to issue revenue bonds to provide funds
for its purposes, and such bonds would not constitute obligations (whether special, general, or moral) of
the creating city or of the State of Texas or of any other political subdivision thereof;
WHEREAS, this Board of Alderman hereby finds that the creation of a higher education authority
pursuant to the Act is in the best interest of the Town of Westlake and its inhabitants, and this Board of
Alderman, by adoption of this Ordinance, intends to take all action necessary to create a higher education
authority pursuant to the Act;
WHEREAS, the meeting at which this Ordinance has been considered was open to the public as
required by Iaw, and public notice of the time, place, and subject of the meeting has been given in
accordance with Chapter 551, Government Code;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMAN OF THE TOWN
OF WESTLAKE, TEXAS:
SECTION 1. The statements and findings in the preamble of this Ordinance are hereby adopted
and made part of this Ordinance.
SECTION 2. This Board of Alderman hereby creates a higher education authority pursuant to the
Act and designates the name of such higher education authority to be "Texas Student Housing Authority"
(the "Authority").
SECTION 3. The board of directors of the Authority shall consist of nine members. The
individuals identified in Exhibit A to this Ordinance (which is hereby incorporated and made a part
hereof), none of whom is an officer or employee of the Town of Westlake, are hereby appointed as the
initial directors of the Authority. The respective directors of the Authority shall serve for two-year terms
and until their respective successors are appointed and assume office.
SECTION 4. The Ordinance adopted by this Board of Alderman on January 9, 1995 relating to
the creation of the Authority is hereby repeated.
SECTION 5. This Ordinance shall take effect immediately upon its adoption.
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PASSED AND APPROVED this 23rd day of January, 1995.
ATTEST:
Scott Bradley, Mayor
�c own Secretary 17
r1y
APPROVED AS TO LEGAL FORM:
Town Attorney
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MINUTES AND CERTIFICATION
On January 23, 1995 the Board of Alderman of the Town of Westlake, Texas convened in regular
meeting at its regular meeting place in Westlake, Texas. The roll of the duly constituted officers and
members of the Board of Alderman was called, which are as follows:
Name Title
Scott Bradley Mayor
Alvin Oien Alderman
Carroll Hunters Alderman
Jerry Moore Alderman
Howard Dudley Alderman
Fred Held Alderman
all of whom were present except the following absentee(s): �,/Ee &
thus constituting a quorum.
Among other business, a written Ordinance bearing the following caption was introduced:
An Ordinance creating a higher education authority, appointing the initial board of directors
thereof, and resolving related matters.
The Ordinance was read by the Board of Alderman.
After due discussion, it was duly moved and seconded that the Ordinance be adopted. The Presiding
Officer put the motion to a vote of the Board of Alderman, and the Ordinance was adopted by the
following vote:
AYES:
• NOES: Q
ABSTENTIONS:
The Presiding Officer then declared the Ordinance to be adopted.
MINUTES APPROVED AND CERTIFIED TO BE TRUE AND CORRECT and to correctly
reflect the duly constituted officers and members of the Board of Alderman, and the attached copy of the
Ordinance is hereby certified to be a correct cop of an official copy thereof, on file among the official
records of the Board of Alderman, on this 1995.
By:
Town Secreary, Town of estlake
[SEAL]
DFF0137592479913 �1L8195.,
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EXHIBIT A
Inilial Directors of the Texas Student Housing Authority
Name Address
Bill Wolston
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