HomeMy WebLinkAboutRES-1997-069 Resolution approving forms of Articles of Incorporation and Bylaws for Orange County Small Business Loan Program Company IR 155- 1 Ct
RESOLUTION APPROVING FORMS OF
ARTICLES OF INCORPORATION AND BYLAWS FOR
ORANGE COUNTY SMALL BUSINESS LOAN PROGRAM COMP
_
WHEREAS:--
Orange County has determined to establish a program to enhance the availability of loans
for small businesses in Orange County.
There have been presented to this meeting proposed forms of Articles of Incorporation
and Bylaws for Orange County Small Business Loan Program Company, which is a nonprofit
corporation proposed to be formed as part of creating and activating the County's small business
loan program.
Such instruments appear to be in forms appropriate for their purposes and for the
County's approval.
BE IT THEREFORE RESOLVED by the Board of Commissioners of Orange
County,North Carolina, as follows:
1. The forms of the Articles of Incorporation and Bylaws for Orange County Small
Business Loan Program presented to this meeting are hereby approved.
2. All actions of County officers and employees in furtherance of the purposes of
this resolution and in the formation of Orange County Small Business Loan Program Company
are hereby ratified, approved and confirmed. All other resolutions or parts thereof in conflict
with this resolution are hereby repealed, to the extent of the conflict. This resolution shall take
effect immediately.