2023 Resolutions (2) - Laserfiche WebLink

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R -23 -40 A RESOLUTION TO AMEND THE ARTICLES OF INCORPORATION OF THE PORTSMOUTH COMMUNITY BROADBAND NETWORK AUTHORITY. WHEREAS, on September 8, 2020, the City Council of the City of Portsmouth, Virginia, determined it was in the best interest of the citizens of the City to form an authority known as the Portsmouth Community Broadband Network Authority, under the provisions of the Virginia Wireless Service Authorities Act, Chapter 54.1 of Title 15.2 of the Code of Virginia, 1950, as amended, and adopted resolution R -20 -23 creating said authority; and WHEREAS, the City Council now desires to amend portions of Article V of the Articles of Incorporation of the Portsmouth Community Broadband Network Authority, pursuant to Virginia Code Sec. 15.2 - 5431.8:1. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORTSMOUTH, VIRGINIA, that: 1. The Articles of Incorporation of the Portsmouth Community Broadband Network Authority is hereby amended by: (a) Deleting the first three paragraphs of Article V in their entirety and replacing them with the following: The powers of the Authority shall be exercised by a board of directors composed of seven members appointed by the City Council of the City of Portsmouth. City Council may remove board members at any time. In the event a board of directors member's term ends by resignation or removal, that board of directors member shall be disqualified and their seat on the board of directors shall become automatically vacant. The City Council of the City of Portsmouth may appoint a replacement to serve the remainder of the term. The terms of office of the board of directors members shall be four years. However, the terms of the initial members of the board of directors shall coincide with the terms of the City Council members at the time of the Authority's formation. Members may succeed themselves. Appointments to fill vacancies, however arising, shall be for the remainder of the unexpired term. If at the end of any term of office a successor director has not been appointed, then the director whose term of office has expired shall continue to hold office until a successor is appointed and qualifies.