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*✓ <br />RESOLUTION NO. I -1 <br />A RESOLUTION OF THE FULLERTON INDUSTRIAL <br />DEVELOPMENT AUTHORITY ADOPTING BY -LAWS <br />FOR SAID AUTHORITY. <br />WHEREAS, the City Council of the City of Fullerton has by Ordinance <br />No. 2458, adopted February 15, 1983, declared the need for an Industrial <br />Development Authority to function in said City; and <br />WHEREAS, said Ordinance No. 2458 has taken effect and all other re- <br />quirements of law have been that the Fullerton Industrial Development <br />Authority is now authorized to function in said City and is permitted to <br />transact any business and to exercise any powers conferred thereon by the <br />provision of the California Industrial Development Financing Act, and <br />WHEREAS, said Act authorizes the Fullerton Industrial Development <br />Authority to make, amend and repeal by -laws and regulations to carry into <br />effect the powers and purposes-of said act (provided said by -laws and regu- <br />lations are not inconsistent therewith), <br />NOW, THEREFORE, the Fullerton Industrial Development Authority hereby <br />does find, determine, order and resolve as follows: <br />Section 1. The by -laws attached hereto as Exhibit "A" will help to <br />carry into effect the powers and purposes of the aforesaid California In- <br />dustrial Development Financing Act and are not inconsistent therewith. <br />• Section 2. The by -laws attached hereto as Exhibit "A" and by this <br />reference made a part hereof as though set forth in full, hereby are adopted <br />as the By -Laws for the Fullerton Industrial Development Authority. <br />APPROVED AND ADOPTED this 5th day of April , 1983• <br />(SEAL) /s/ Richard C. Ackermn <br />Chairman, Fullerton Industrial Development <br />Authority <br />ATTEST: <br />/s/ Arnie M. York <br />Secretary to the Authority <br />ps -3 <br />