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<br />l6 <br /> <br />TUESDAY <br /> <br />MARCH 22, 1983 <br /> <br />Telephone <br /> <br />2,000 <br /> <br />Travel Expense <br /> <br />9,000 <br /> <br />Office Supplies <br /> <br />2,500 <br /> <br />Marketing Supplies <br /> <br />7,500 <br /> <br />Office Equipment <br /> <br />5,250 <br /> <br />$100,000 <br /> <br />PROPOSED <br /> <br />BYLAWS <br /> <br />OF THE <br /> <br />MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION <br /> <br />PREAMBLE <br /> <br />By resolutions adopted by the Martinsville City Council on , and by the <br />Henry County Board of Supervisors on , the Martinsville-Henry County <br />Economic Development Corporation was created and constituted effective , and <br />charged with the official responsibility for expanding the tax base and providing jobs by <br />encouraging local businesses and industries to expand and new businesses and industries to <br />locate in Martinsville and Henry County. <br /> <br />ARTICLE I. <br /> <br />BOARD OF DIRECTORS <br /> <br />Section 1. Membership: The Martinsville-Henry County Economic Development Corporation shall <br />be governed by a Board of Directors which shall be composed of eight members, four of whom <br />shall be appointed by the Martinsville City Council and four of whom shall be appointed by <br />the Henry County Board of Supervisors. No elected official of either governing body shall <br />serve as a member of the Board of Directors. <br /> <br />Section 2. Term of Office: Members of the Board of Directors shall serve for a term of four <br />years. Vacancies on the Board shall be filled by the responsible governing body as they occur. <br /> <br />Section 3. <br />Development <br />the members <br /> <br />Annual Report: A report on the activites of the Martinsville-Henry County Economic <br />Corporation shall be prepared by the Board of Directors annually and presented by <br />to the governing body which appointed them. <br />