PROCEEDINGS OF THE BOARD OF DIRECTORS OF THE INDUSTRIAL DEVELOPMENT BOARD OF THE PARISH OF ACADIA, LOUISIANA, INC., TAKEN AT AN ORGANIZATIONAL MEETING HELD ON TUESDAY, OCTOBER 24, 2006, AT THE POLICE JURY MEETING ROOM OF THE COURTHOUSE, CROWLEY, LOUISIANA.Pursuant to the provisions of an ordinance of the Police Jury of the Parish of Acadia, State of Louisiana (the “Police Jury”), adopted on September 19, 2006, and the provisions of a resolution adopted by the Police Jury on October 17, 2006, Kayla Link, Jesse Wilson, Gerard A. Frey, Obie Hulin and Glenn Bellard, being five (5) of the nine (9) persons appointed by the Police Jury to serve as members of the Board of Directors (the “Board”) of the Industrial Development Board of the Parish of Acadia, Louisiana, Inc. (the “Corporation”), met at the Police Jury Meeting Room of the Courthouse, Crowley, Louisiana, on Tuesday, October 24, 2006, at five o'clock (5:00) p.m., for the purpose of organization and the transaction of other business, if any.
It was announced that the first order of business of the Board members was to take their oath of office.
Thereupon, Mr. Robbie Barousse, Acadia Parish Clerk of Court, administered the oaths of office to the Board members present who, thereafter, signed multiple copies of their oath of office so as to provide sufficient copies for the files of the Parish, the Board and to record with the Clerk of Court and the Secretary of State.
Cecelia B. Chambers was requested to preside as President for the purpose of organization and Katry Martin was requested to act as Secretary for the purpose of organization.
Thereupon, Cecelia B. Chambers, acting as President, called the meeting to order and requested the Secretary to call the roll.
Present:
Kayla Link, Jesse Wilson, Gerard A. Frey, Obie Hulin, Glenn Bellard
Absent:
Thomas Freeland, Fred Gossen, Keith Henry, Austin CormierThe acting President then announced that the next order of business was to select the officers of the Board of Directors for the current year.
Thereupon, Kayla Link nominated Fred Gossen for President of the Board of Directors, Obie Hulin seconded the nomination, and there being no further nominations, Fred Gossen was elected by acclamation.
In that the President was absent from the meeting, it was announced by Cecelia B. Chambers, acting President, that the next order of business was the election of a Vice President.
Thereupon, Obie Hulin nominated Kayla Link for the office of Vice-President of the Board of Directors, Glenn Bellard seconded the nomination, and there being no further nominations, Kayla Link was elected by acclamation.
Kayla Link then assumed the duties of Vice President, and presided over the meeting.
In accordance with the provisions of the ordinance providing for the creation of the Corporation, it was moved by Gerard A. Frey, seconded by Obie Hulin and unanimously carried that Katry Martin be appointed Secretary-Treasurer of the Board.
It was moved by Obie Hulin, seconded by Glenn Bellard and unanimously carried, that the second Tuesday of each month be designated as the regular meeting day of the Board, and that all regular meetings should be held at the Police Jury Meeting Room of the Courthouse, Crowley, Louisiana, and begin promptly at the hour of six-thirty o'clock (6:30) p.m.
It was moved by Obie Hulin, seconded by Gerard A. Frey and unanimously carried, that an official seal be adopted for the Corporation, which seal shall be in the following form and description, to-wit:
Around the edge of the die, the words "Industrial Development Board of the Parish of Acadia, Louisiana, Inc.", and in the center the word "SEAL".
It was moved by Obie Hulin, seconded by Jesse Wilson and unanimously carried, that the "Rayne Acadian Tribune", a newspaper published in the City of Rayne, Louisiana, and with a general circulation throughout the Parish, be designated as the official journal of the Corporation.
It was moved by Glenn Bellard and seconded by Obie Hulin to adopt the “Robert Rules of Order” as the rules to govern the meetings of the Board of Directors.
In accordance with the provisions of the ordinance providing for the creation of the Corporation, it was moved by Gerard A. Frey, seconded by Jesse Wilson and unanimously carried, that the law firm of Foley & Judell, LLP, of New Orleans, Louisiana, be appointed as bond counsel to the Board and the Corporation to perform all required legal services in connection with the issuance of any debt obligations by the Corporation, their compensation to be set by a future resolution adopted at the time of the issuance of any such debt obligations.
Following the foregoing action, Mr. Lonnie Bewley, with the firm of Foley & Judell, L. L. P., discussed with the Board of Directors certain legal powers and authority that it and the Corporation have under State law, and that, as a political subdivision, the Corporation is subject to audit by the Legislative Auditor. There also followed a discussion of the Corporation’s power to issue debt obligations and the laws concerning the Louisiana State Bond Commission.
It was agreed that the appointment of a fiscal agent bank and adoption of By-Laws for the Board be deferred to a subsequent meeting, thereby affording all members an opportunity to further review the draft of By-Laws that was provided to them.
After answering a few questions presented by the Board members, the meeting was adjourned
/s/Katry Martin_______ /s/ Kayla Link
KATRY MARTIN KAYLA LINK
SECRETARY-TREASURER VICE-PRESIDENT
PARISH OF ACADIAI, the undersigned Secretary-Treasurer of the Board of Directors (the “Board”) of the Industrial Development Board of the Parish of Acadia, Louisiana, Inc., do hereby certify that the foregoing pages constitute a true and correct copy of the proceedings taken by the Board on October 24, 2006, with respect to organizing the Board and other matters in connection therewith.
IN FAITH WHEREOF, witness my official signature at Crowley, Louisiana, on this, the 24th day of October, 2006.
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