Common use of Voting Protocols Clause in Contracts

Voting Protocols. a. Each voting member may cast one vote on all questions, orders, resolutions, and ordinances coming before the board of directors. b. A majority of all voting members of the board of directors are a quorum for the transaction of business. c. The affirmative vote of a majority of all voting members present at any meeting at which a quorum is present shall be necessary and, except as otherwise provided, is sufficient to carry a motion, resolution, ordinance, or proposition before the board of directors. d. After a vote of members is taken, a weighted vote may be called by the voting members of any three jurisdictions. e. When applicable, votes shall be weighted as follows: Tier I Oklahoma City (1) 1 26% Tier I Oklahoma City (2) 1 26% Tier II Norman 1 14% Tier II Edmond 1 14% Tier III Moore 1 6.6% Tier III Midwest City 1 6.6% Tier III Del City 1 6.6% f. The following matters require approval by a 67% weighted vote: • Pledge assets • Approve budget • Major service change • Determine tax rate to be placed on ballot • Call for the governing bodies of the municipalities comprising the Authority to put a referendum on ballot g. A motion to approve the acquisition, construction, or operation of a rail line must receive the affirmative vote of 67% of the weighted vote including a majority of representatives of member cities through which the rail line traverses. h. A motion to approve the acquisition of a transit provider and associated liability and assets must receive the affirmative vote of 67% of the weighted vote including a majority of representatives of member cities in the service area. i. A motion to issue debt must receive the affirmative vote of 67% of the weighted vote. In addition, the indebtedness must be approved by a 2/3 vote of the governing body of 2/3 of the Beneficiaries of the Trust; provided, however, that a municipal beneficiary with a governing body consisting of fewer than seven members shall be required to approve the issuance of debt by a 3/5 vote of the governing body. j. After each decennial census beginning in 2030, the governing boards of the Beneficiaries shall review the apportionment of the board of directors and associated voting protocols to make such adjustments, if any, as may be appropriate to account equitably for the population and sales tax distribution among the member jurisdictions.

Voting Protocols. a. Each voting member may cast one vote on all questions, orders, resolutions, and ordinances coming before the board of directors. b. A majority of all voting members of the board of directors are a quorum for the transaction of business. c. The affirmative vote of a majority of all voting members present at any meeting at which a quorum is present shall be necessary and, except as otherwise provided, is sufficient to carry a motionan order, resolution, ordinance, or proposition before the board of directors. d. After a vote of members is taken, a weighted vote may be called by the voting members of any three jurisdictions. e. When applicable, votes shall be weighted as follows: Tier I Oklahoma City (1) 1 26% Tier I Oklahoma City (2) 1 26% Tier II Norman 1 14% Tier II Edmond 1 14% Tier III Moore 1 6.6% Tier III Midwest City 1 6.6% Tier III Del City 1 6.6% f. The following matters require approval by a 6766% weighted vote: • Pledge assets • Approve budget • Major service change • Determine tax rate to be placed on ballot • Call for the governing bodies of the municipalities comprising the Authority to put a referendum on ballot g. A motion to approve the acquisition, construction, or operation of a rail line must receive the affirmative vote of 6766% of the weighted vote including a majority of representatives of member cities through which the rail line traverses. h. A motion to approve the acquisition of a transit provider and associated liability and assets must receive the affirmative vote of 6766% of the weighted vote including a majority of representatives of member cities in the service area. i. A motion to issue debt must receive the affirmative vote of 6766% of the weighted vote. In addition, the indebtedness must be approved by a 2/3 vote of the governing body of 2/3 of the Beneficiaries of the Trust; provided, however, that a municipal beneficiary with a governing body consisting of fewer than seven members shall be required to approve the issuance of debt by a 3/5 vote of the governing body. j. After each decennial census beginning in 2030, the governing boards of the Beneficiaries shall review the apportionment of the board of directors and associated voting protocols to make such adjustments, if any, as may be appropriate to account equitably for the population and sales tax distribution among the member jurisdictions.