Resolutions

Whereas: Legislation has been introduced in the 83rd Session of the Texas Legislature (2013) pertaining
to brewpubs, beer distribution and microbrewing in Texas;
Whereas: Four bills have been introduced as a package of legislation which, if passed, would generally
promote the craft brewing industry in Texas, allowing them to hire more workers; deepen investment in
operations; place brewpubs on [...]

Whereas the Co-op has accepted investment capital, and
whereas the Co-op refers to these investments as Member Investor shares, and
whereas the Board is charged to declare an annual dividend on Member Investor shares, and whereas in fiscal year 2010 the Co-op reported negative net savings,
THEREFORE BE IT RESOLVED Black Star Co-op Board of [...]

RESOLUTION Whereas the Board of Directors is empowered to oversee the Workers’ Assembly and ensure that it is in compliance with all Policies and By-Laws, therefore be it resolved that the Board of Directors requests a complete set of protocols from the Workers’ Assembly, no later than March 27th, 2011.
Passed March 20, 2011 by [...]

BE IT HEREBY RESOLVED that Black Star Co-op supports House Bill 660 in the 2011 Texas Legislature. The Workers’ Assembly is hereby directed to ask the Black Star Member-Owners and people on our announcement list to sign the petition in support of House Bill 660 (http://www.petitiononline.com/TXHB660/petition.html). Further, the Board may designate a [...]

RESOLUTION 010
WHEREAS, the Board deems that the initiation of operations in the brewpub sufficient to revalue the cost of membership, and
WHEREAS, it is stated in section 1.2 of our bylaws that the Board may adjust the capital investment assessed for membership from time to time, and
WHEREAS, the Board wishes to show their appreciation to Charter [...]

RESOLUTION 009
Be it RESOLVED, by Black Star Co-op’s Board of Directors, that the Kitchen Team Leader is authorized to file and execute an application to operate a food enterprise from the Austin/Travis County Health and Human Services Department on behalf of Black Star Co-op, and to assume the role of named person of responsibility.
Passed August [...]

RESOLUTION 008
WHEREAS, the primary source of investor liquidity in Black Star Co-op’s Member-Investor Shares is having the Co-op repurchase the Shares, and
WHEREAS, section 9(a)(iv) of the subscription agreement states “the Co-op’s legal obligation to repurchase the Shares will be deferred if, in the sole discretion of the Co-op’s Board of Directors, completing such repurchase would [...]

RESOLUTION 007
Be it RESOLVED by the Black Star Co-op Board of Directors, that the offering of Member-Investor Shares be amended, setting the goal at $475,000 and extending the offering through December 31st, 2010, or until advised by the Workers’ Assembly to close it earlier.
Passed June 13, 2010 by the Black Star Co-op Board of Directors

RESOLUTION 006
Be it RESOLVED that the Workers’ Assembly is authorized to open an account at First State Bank, with the Board-Staff Liaison as a signer.
Passed April 11, 2010 by the Black Star Co-op Board of Directors

RESOLUTION 005
Be it RESOLVED that the Workers’ Assembly is authorized to acquire a 10-bbl brewery system from Premier Stainless Systems for a total cost of $156,075 with acquisition subject to financing of at least 70% loan-to-value with a maximum term of five years and a monthly payment not to exceed $3,500.
Passed March 14, 2010 by [...]