Title
AN ACT AMENDING LEGISLATIVE ACT 11-10 RELATING TO CREATION OF JOBS GROWTH; ADDING LANGUAGE TO ASSIGN SEAT DESIGNATIONS
Body
BE IT ENACTED BY THE CHEROKEE NATION:
Section 1. Title and Codification
This Act shall be referred as the "Jobs Growth Amendment Act of 2012" and codified under Title ____ Section ______ of the Cherokee Nation Code Annotated (CNCA).
Section 2. Purpose
The purpose of this Act is to designate seats for the seventeen (17) board members.
Section 3. Legislative History
Legislative Act 96-16 Cherokee Nation General Corporation Act Legislative Act 32-04 Cherokee Nation Limited Liability Corporation Act
Legislative Act 37-05 Jobs Growth Act
Legislative Act 11-10 Jobs Growth Act
Section 4. Definitions
For the Purposes of this Act:
"Parent Company" means a company that owns a majority of the shares in another company or companies.
"Subsidiary" means a company owned by another company. If a subsidiary is wholly owned, all its stock is held by the parent company.
Section 5. Substantive Provisions
A. Jobs Growth.
i. CNB Board of Directors shall be comprised of no more than seventeen (17) members and shall, upon the dissolution of the CNE and CNI boards, be comprised of the then-current CNB directors, the former members of the dissolved CNE and CNI boards. Other subsidiaries may have directors as allowed by Cherokee law. Provided that, effective upon enactment of this Act, the seats shall be assigned as follows:
Seat 1, a term expiring 9/30/14, currently held by Mike Watkins
Seat 2, a term expiring 9/30/14, currently held by Tommy Sue Wright
Seat 3, a term expiring 9/30/14, currently held by Rex Earl Starr
Seat 4, a term expiring 9/30/14, currently held by Bob Berry
Seat 5, a term expiring 9/30/14, currently held Brent Taylor
Seat 6, a term expiring, 9/30/14, currently held by Sam Hart
Seat 7, a term expiring, 9/30/14, currently held by Gary Cooper
Seat 8, a term expiring, 9/30/14, currently held by Jerry Holderby
Seat 9, a term expiring, 9/30/14, currently held by Rick Doherty
Seat 10, a term expiring, 9/30/14, currently held by Deacon Turner
Seat 11, a term expiring, 9/30/11, currently held by David Ballew
Seat 12, currently an open seat
Seat 13, currently an open seat
Seat 14, currently an open seat
Seat 15, currently an open seat
Seat 16, currently an open seat
Seat 17, currently an open seat
Section 6. Provisions as cumulative
The provisions of this act shall be cumulative to existing law.
Section 7. Severability
The provisions of this act are severable and if any part of provision hereof shall be held void the decision of the court so holding shall not affect or impair any of the remaining parts or provisions of this act.
Section 8. Effective Date
The provisions of this act shall become effective thirty (30) days from and after the date of its passage and approval.