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Southern Research asks council to reappoint cooperative-district members to close financing; item referred to committee
Summary
Maynard Cooper attorney Doug Williams told the council Southern Research Institute needs two city-appointed cooperative-district members in place to close a refinancing; councilors referred the matter to Economic Development, Budget and Finance to resolve statutory term and quorum questions.
Representatives for Southern Research Institute asked the Birmingham City Council to reappoint two members to the city’s cooperative district so Southern Research can proceed with a planned financing closing. Attorney Doug Williams said the appointments are necessary to provide the legal authority for the…
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