Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 35. Public Finances |
Chapter 5. INDUSTRIAL DEVELOPMENT FINANCING |
Article 1. Incorporation |
Sec 35-704. Amendment to articles
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The articles of incorporation may at any time and from time to time be amended to make any changes therein and add any provisions thereto which might have been included in the certificate of incorporation in the first instance, provided that the members of the board of directors of the authority first shall file with the authorizing governing body an application in writing seeking permission to amend the articles of incorporation, specifying in such application the amendment proposed to be made. The governing body thereof shall consider such application and, if by resolution it finds and determines that it is wise, expedient, necessary or advisable that the proposed amendment be made, authorizes the same to be made, and approves the form of the proposed amendment, then the persons making such application shall proceed to amend the articles in accordance with the provisions of title 10.