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FIRST i > h Ctu - - 0 GT ;L uD <br />, Y - , . I , , 1 J.J <br />HUL C0111J1TY51 <br />Spec is 1 :feet i;id of :e?;'. -,crs <br />(2.iarch 23, 1 55, 7:30 p.m.) <br />R E S O L U T I O N <br />l "1H R>AS, the First Presbyterian Church of Grand <br />Island, ball County, Nebra.l.a, has built a new church build- <br />ing; and <br />Udl -R AS, said church building was constructed by <br />:deans of funds obtained fro: interim financing and me:,lbers f <br />pledges, and it is now necessary to borrow the money with <br />which to terminate said interim financing arrangements and <br />to equip said building; and <br />WHEEREEAS, it is therefore necessary to alcnd the <br />f-,rticles of Incorporation of said church to incrcasc the limit <br />of indebtedness and provide for perpetual existence of the cor- <br />poration, and to =Rc .,rovision for the borrowinc by the <br />church of `;150,000.00 and to secure such loan by a mortgage <br />on the church property. <br />NJ6v, '1ii»RI Fes:,: , be it hereby resolved: <br />1. That the Articles of Incorporation of the First <br />Presbyterian Church of Grant; Island, Hall County, Nebraska, <br />shall be ant are hereby ar:;ended to read as follows: <br />ARTICLE T'd0 <br />The corporation shall nave no poorer to contract <br />debts binainc at laa or in egLiity upon its :aenlbers; <br />the :)oars of Tru,:tces shall have power to contract <br />debts binding at law or in equity upon this corpora- <br />tion and its property to tha extent of not :ore than <br />`,10,00u.00, unless othcrvrise authorized by a °majority <br />vote of the :,e._lbcrs of the corporation voting on such <br />proposition at any regular annual or special con - <br />gre -,ational mceting which shall ;,ave been called <br />for that purpose by a notice announced at two Sunday <br />services. <br />ARTICLE S`V.':.,N <br />The Board of Trustees shall have perpetual suc- <br />cession under the name hereby designated as the First <br />Presbyterian Church of Grand Island, Hall County, <br />Nebraska, and by such na.:1c shall be iegally capallc of <br />