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B "M ~8 P#GF ,99 017 <br />AMEND THE BY-LAWS OF <br />LEE COUNTY ECONOMIC DEVELOPMENT CORPORATION AS FOLLOWS: <br />Section 2. Number, Tenure, and Qualifications. The voting members of the Board <br />of Directors shall be -t east eleven (11) in number and appointed as follows: <br />(a) !Four (4) members appointed by the Lee County Board of Commissioners; <br />(b) Three (3) members appointed by the Sanford City Council; <br />(c) The President of Central Carolina Community College, Sanford, NC, or if the <br />name of the college be later changed, then the president of such successor <br />institution shall be a member by virtue of holding said office; <br />(d) The President of the Lee County Committee of 100, Inc. appointed by the <br />Board of Directors of the Lee County Committee of 100, Inc. or if the name of <br />the corporation be later changed, then the president of such successor <br />corporation shall be a member by virtue of holding said office; <br />(e) One (1) member appointed by the Board of Commissioners for the Town of <br />Broadway, N.C. <br />(f) <br />The terms of appointees shall be of such duration as set by the appointing <br />authority. <br />Each director shall take office at the monthly meeting of the Board of Directors <br />held in the month next following the date of his/her appointment. Each director shall be a <br />Lee County resident. <br />The appointing authority may remove any member of the Board of Directors, at <br />any time, with or without cause. <br />April 11, 2001 <br />