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age 2 of Minutes
HUNTI14CTOII BEACH PUBLIC FACILITIES CORPORATION
MINUTES OF SPECIAL (ORGANIZATIONAL) MEETING
January. 25, 1971
A special (organizational) meeting of the Board
of Directors of the Huntington Beach Public Facilities
Corporation was held at the offices of O'Melveny & Myers ,
611 [vest Sixth Street, Los Angeles , California, on January
25., 1971 , at 9 :30 o 'clock A.M. , pursuant to written waiver
of notice and consent to the holding thereof signed by all
the directors of the corporation.
Present at the meeting were the following directors,
constituting all the directors of the corporation:
Donald R. Hodgman
Stephen J. Stern
Frederic P. Sutherland
By unanimous agreement, Mr. Hodgman acted as
Chairman of the meeting, and at his request Mr. Sutherland
acted as Secretary of the meeting and kept the minutes .
The secretary stated that the corporation had
been formed by the filing ,of its Articles of Incorporation
in the office of the Secretary of State on November 27, 1970 .
He added that no other action had been -aken to organize
the affairs of the corporation.
A form of by-laws was then presented to the
meeting and discussed. Thereafter, upon motion duly made,
seconded and unanimously carried, the following resolution
was adopted :
RESOLVED, that the By-Laws presented to this
meeting are hereby adopted as the By-Laws of this
corporation, and the Secretary is directed to
certify to the adoption of said By-Laws and to
insert said By-Laws as so certified in the minute
book of this corporation.
Adoption of a corporate seal was next considered,
and upon motion duly made, seconded and unanimously carried,
the following resolution was adopted :
RESOLVED, that a corporate seal, in the form
of two concentric circles with the name of the
corporation and the word "California" inscribed
between such circles and with the words "Incorpor-
ated November 27, 197011 inscribed within the inner
circle, is hereby approved and adopted as the seal
of this Corporation.
Election of the officers of the corporation was
next considered, and after discussion, upon motion duly made,
seconded and unanimously carried, Messrs . Hodgman, Stern and
Sutherland were elected president, vice-president and secretary-
treasurer, respectively.
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The secretary pointed out that at the time the
Articles of Incorporation were filed, the corporation paid
the minimum franchise tax of $100 and suggested that appli-
cation be made to the Franchise Tax Board for an exemption
pursuant to Section 23701f of the Revenue and Taxation Code.
After discussion, upon motion duly made, seconded and
unanimously carried, the president was authorized to execute
and submit such an application.
There being no further business, upon motion duly
made, seconded and unanimously carried, the meeting was
adjourned .
Frederic P . Sutherland
Secretary
APPROVED:
onald R. Hodgman
Chairman of the Meeting
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