HomeMy WebLinkAboutSigned Exergy Resolution The Stori. Post Office Box 6767
FRIENDS of THE BOZEMAN MT 59771
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STORY MANSION fricndsofthe story@yahoo.com
I,John H. Davant, Secretary-Treasurer of Friends of the Story,Inc.,a not for profit corporation
organized and existing under the laws of the State of Montana do hereby certify that the following is a true
and correct copy of a resolution duly adopted at a meeting of the Board of Directors of the Company duly
held and convened on I Id t day of July 11,2011,at which meeting a duly constituted quorum of the Board
of Directors was present and acting throughout and that such resolution has not been modified,rescinded
or revoked and is at present in full force and effect.
RESOLVED: Whereas the Friends of the Story Inc. is organized exclusively for charitable,
educational,and scientific purposes,including,for such purposes,the making of distributions to
organizations that qualify as exempt organizations under 501(cx3)of the Internal Revenue Code. The
Mission of the `Friend of the Story,Inc.' in conjunction and coordination with the City of Bozeman is to
promote and preserve the Story Mansion property,a national treasure recognized by the U.S. Department of
Interior.Friends of the Story,Inc. is committed to the stewardship, development, and community enjoyment
of this historic landmark through its renovation and re-use,capitalizing on the economic vitality it will
generate while protecting Bozeman's heritage and unique identity. Whereas Exergy Development Group
has expressed interest to the City of Bozeman in acquiring the Story Mansion through a recapitalization and
modification of Friends of the Story,Inc. Accordingly Friends of the Story enthusiastically endorses the
efforts of Exergy consistent with its by-laws and mission statement described above.
Upon acceptance of the Exergy RFP submitted to the City of Bozeman,Friends of the Story,Inc,agrees to
the following conditions:
• Reorganize the Board of Directors of the Corporation to insure Exergy Development Group
appointees are in the majority. This transition is to begin as soon as possible and completed no
later than the closing date of the sale.
• Consistent with current by-laws and in recognition of Exergy's generosity to the Corporation,
rename the Corporation Exergy Friends of the SIM or other suitable name acceptable to the Board
of Directors. This name change is to be accomplished as soon as the Board of Directors feels
reasonably certain that sale will close.
• Consistent with its stated mission,to amend the by-laws of the Corporation to insure the
operational goals of Exergy can be reached.
IN WITNESS WHEREOF, affixed
the undersigned his axed his signature this I Ith day of July 2011. The
Company has no corporate seal.
John H. Davant
Secretary-Treasurer