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HomeMy WebLinkAbout2010 ATM-AG-FORM 2-2-CERTIFIED VOTE-ARTICLE 40-AMEND GENERAL BYLAWS-CHAPTER 28 HOUSING TRUST FUND,SECTION 5C POWERS OF TRUSTEES OF NORT1l q `At�EO e ti0 p 04Are•W°"yq9 9SSACHUSEt TOWN OF NORTH ANDOVER OFFICE OF THE TOWN CLERK 120 MAIN STREET NORTH ANDOVER, MASSACHUSETTS 01845 Joyce A.Bradshaw,CMMC Telephone(978)688-9501 Town Clerk Fax (978)688-9557 E-mail Bradshaw(dtownofnorthandover.com This is to certify that the following vote was taken on Article 40 at the Dissolved 2010 Annual Town Meeting held May 11, 2010 and May 12, 2010: Article 40. Amend General Bylaws -- Chapter 28 Housing Trust Fund, Section 5C Powers of Trustees. UNANIMOUS VOTE to remove Town Meeting approval as a requirement for selling or leasing of real estate property by the Housing Trust Fund. Chapter 28, Section 5C, is to be amended by removing the text shown as stricken. Article 40 moved to remove "and Town Meeting" and replace with "and Finance Committee" CHAPTER 28 - HOUSING TRUST FUND § 28-5. Powers of Trustees The Board of Trustees shall have the following powers which shall be carried out in accordance with and in furtherance of the provisions of Massachusetts General Laws Chapter 44, Section 55C: C. With the approval of the Board of Selectmen and Town Meeting, to sell, lease, exchange, transfer or convey any real property at public auction or by private contract for such consideration and on such terms as to credit or otherwise, and to make such contracts and enter into such undertakings relative to trust real property as the Trustees deem advisable notwithstanding the length of any such lease or contract; Chapter 28, Section 5C, as amended by Article 40 to read as follows: CHAPTER 28 - HOUSING TRUST FUND § 28-5. Powers of Trustees The Board of Trustees shall have the following powers which shall be carried out in accordance with and in furtherance of the provisions of Massachusetts General Laws Chapter 44, Section 55C: C. With the approval of the Board of Selectmen and Finance Committee, to sell, lease, exchange, transfer or convey any real property at public auction or by private contract for such consideration and on such terms as to credit or otherwise, and to make such contracts and enter into such undertakings relative to trust real property as the Trustees deem advisable notwithstanding the length of any such lease or contract. VOTED MAY 12, 2010