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Council adopts resolution increasing Bristow Industrial Authority trustees to eight
Summary
Council unanimously adopted Resolution No. R1427-022425 to amend the trust indenture of the Bristow Industrial Authority, increasing trustee positions to eight and requiring five trustees to have business/industry/real-estate or banking experience.
The Bristow City Council voted to adopt Resolution No. R1427-022425, a first amendment to the trust indenture of the Bristow Industrial Authority. The resolution increases the number of trustees to eight and specifies that five of the eight trustees must have experience in business, industry, manufacturing, real estate or banking; the resolution also vests qualification determinations with incumbent trustees and requires Council appointment to fill vacancies.
The resolution text included an explicit requirement that all trust meetings comply with the Oklahoma Open Meeting Act and that trustees act for the benefit of the beneficiary in accordance with the trust indenture. The roll-call vote was recorded with Councilmembers Joe Church, Jeryn Fletcher, Heather Green, Frank Groom, Judd Johns, Brian Peters, Jeff Roberts and Randy Witty voting Aye; the motion passed.
