3-28-94 EDA Bylaws - Laserfiche WebLink

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Section 5.8 Supplies, Purchasing. Facilities and Services The Authority may purchase the supplies and materials it needs. The Authority may use the facilities of the City's purchasing department. The City may furnish offices, structures and space, stenographic, clerical, engineering and other assistance to the Authority. Section 5.9 Execution of Contracts. All contracts, notes, and other written agreements of instruments to which the Authority is a party or signatory or by which the Authority may be bound shall be executed by the President and the Executive Director. If the Executive Director is absent or otherwise unable to execute a document, the Treasurer may execute the document. ARTICLE VI Section 6.1 Indemnification The EDA shall be authorized to the fullest extent permitted by law to indemnify any person against expenses and liabilities arising by reason of the fact that the person is or was a Commissioner, officer, employee, or agent of the EDA. Section 6.2 Insurance The EDA may purchase and maintain insurance on behalf of any indemnified person in the person's official capacity against any liability asserted against that person and incurred by that person in such capacity whether or not the EDA would have been required to indemnify the person against the liability under 6.1 hereof. ARTICLE VII Section 7.1 Amendments to By-laws These bylaws shall be amended only with the approval of at least three (3) of the members of the EDA at a regular or special meeting. Adopted by the EDA on March 28, 1994.