2. FCCEDC Growth Initiative Fnd - Laserfiche WebLink

AMENDED BYLAWS OF GROWTH INITIATIVE FUND ARTICLE I. Offices The principal office of the Corporation shall be located in the City of Fargo, Cass County, North Dakota. The Corporation may have such other offices, either within or without the State of North Dakota, as the Board of Directors may designate or as the business of the Corporation may require from time to time. The registered office of the Corporation required by the North Dakota Nonprofit Corporation Act to be maintained in North Dakota shall be the principal office of the Corporation in Fargo, North Dakota. The address of the registered and principal office may be changed from time to time by the Board of Directors. ARTICLE II. PurDose The purpose of Growth Initiative Fund, Inc. shall be to promote economic development in Cass County, North Dakota. The Corporation shall exist to create and manage financial programs to encourage primary sector job creation in Cass County. The Corporation is organized exclusively for purposes set forth in Section 501 (c)(3) of the Internal Revenue Code, including for such purposes of the making of distributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the Intemal Revenue Code that may be primarily involved with economic development. ARTICLE III. MembershiD Section 1. MEMBERS. The members of this Corporation shall be composed of those persons who are at-large directors, agency directors, and community directors of the Fargo-Cass County Economic Development Corporation ("F-CCEDC"). When any person shall cease to be a Director of the F-CCEDC, such person shall cease to be a member of this Corporation autpmatically Clod without any affirmative action on the part of tho Corporation. Section 2. POWERS. RIGHTS AND DUTIES. The powers, duties and rights reserved to the members shall included but not be limited to the right to recommend any amendments and/or modifications to the Bylaws and/or policies and procedures. Section 3. MEETING. Regular meetings of the members shall be held on an annual basis. The members shall approve the annual budget of the Corporation and may transact any other business provided, however, that no business with respect to which special notice is required by law shall be transacted unless such notice shall have been given. Section 4. SPECIAL MEETINGS. Special meetings of the Members may be held at any meeting of the Board of Directors of F-CCEDC whether that meeting was called expressly as a meeting of the members of the Corporation or for any other purpose. Special meetings of the members may be called by or at the request of the Chairman, any two Directors or by not less