AMENDED&AND&RESTATED&! BY,LAWS&OF&THE&NEW&ORLEANS&TOURISM&MARKETING& CORPORATION Deleted: SECOND! Formatted: Indent: Left: 2", First line: 0.5", Right: 1.5" Formatted: Font:11 pt, Not Bold, Font color: Auto ARTICLE&I.&,&THE&CORPORATION&AND&ITS&DIRECTORS&& Article&1:1&& The!name!of!the!Corporation!shall!be!NEW!ORLEANS!TOURISM!AND!CULTURAL! FUND.!! Deleted: !MARKETING!CORPORATION Article&1:2&& The!domicile!of!the!Corporation!shall!be!as!such!place!in!the!City!of!New!Orleans,! Louisiana!as!the!Board!of!the!Corporation!may!designate!by!Motion!from!time!to!time.!! Article&1:3&& (A)!The!purposes!of!the!Corporation!and!the!terms!and!qualifications!of!its!members!and! Directors!shall!be!as!stated!in!its!Organization!Plan!and!Articles!of!Incorporation.! ! (B)The!powers!of!the!Corporation!shall!be!vested!in!the!Board!of!Directors!thereof.!! & ARTICLE&II.&,&OFFICERS,&STAFF,&PERSONNEL&TOURISM&PROMOTION&PROGRAM& AND&THE&EXPENDITURE&FORMULA&& Article&2:1&& The!Board!of!Directors!of!the!Corporation!shall!elect!a!Chairman!of!the!Board!of!Directors!of! the!Corporation.!Additionally,!the!Board!of!the!Corporation!shall!elect!the!following!Officers:!(i)!a! President!and!Chief!Executive!Officer!(who!shall!be!the!same!person!and!is!referred!to!herein!as!the! “President'),!(ii)!a!!vice!chair!of!the!Board!of!Directors,(iii)!a!Secretary,!(iv)!a!Treasurer,!and!(v)!such! other!officers!as!the!Board!of!Directors!deems!necessary.!All!Officers!of!the!Corporation!shall!be! members!of!the!Board!of!Directors!of!the!Corporation!except!the!President!who!need!not!be!a!member! of!the!Board!of!Directors!of!the!Corporation.!! The!Officers!of!the!Corporation!shall!perform!such!duties!and!functions!as!may,!from!time!to! time,!be!required!by!the!Directors!of!the!Corporation!or!by!these!ByRLaws!or!by!Motion!or!Resolution!of! the!Corporation.!! Article&2:2&& (A)! The!Chairman!of!the!Board!of!the!Directors!of!the!Corporation!shall!be!elected!as!provided!in! the!Articles!of!Incorporation!of!the!Corporation!and!shall!preside!at!all!meetings!of!the!Board!of! Directors!of!the!Corporation.!! ! (B)! Except!as!otherwise!authorized!by!Motion!or!Resolution!of!the!Corporation,!the!President!of!the! Corporation!shall!sign!all!contracts,!deeds,!and!other!instruments!of!the!Corporation.!! Deleted: one!(1)!or!more Deleted: man ! (C)! At!each!meeting!of!the!Board!of!Directors!of!the!Corporation,!the!Chairman!of!the!Board!of! Directors!of!the!Corporation!shall!submit!such!recommendations!and!information!as!he!may! consider!proper!concerning!the!business!affairs!and!policies!of!the!Corporation.!! Deleted: Promotion! Formatted: Space Before: 15.1 pt, Outline numbered + Level: 1 + Numbering Style: A, B, C, ... + Start at: 1 + Alignment: Left + Aligned at: 0.25" + Indent at: 0.5" Deleted: three Article&2:3&The!Secretary!shall:!!! R! R! R! Ensure!that!appropriate!records!are!kept!of!all!meetings!of!the!Directors!and!other!proceedings!of! the!CorporationW!!! Certify!by!signature!an!official!copy!of!the!Minutes!of!each!Regular!or!Special!Meeting!of!the! Board!of!Directors!and!the!Members!of!the!Corporation,!which!copy!shall!be!maintained!in!a! Minutes!Record!at!the!domicile!of!the!CorporationW!and!!! Perform!all!other!duties!incident!to!his!office.!! Deleted: twoR Deleted: fifths Deleted: thirds Deleted: ( Deleted: 3 Deleted: 2/ Deleted: 5 Deleted: 3) Article&2:4&& (A)! The!President!shall!have!the!general!supervision!of!the!administration!of!the!Corporation!and! shall!be!charged!with!the!management!of!the!projects!and!undertakings!of!the!Corporation.! (B)! The!President!shall!have!the!care!and!custody!of!all!funds!of!the!Corporation!and!shall!cause!the! deposit!of!the!same!in!the!name!of!the!Corporation!in!such!bank!or!banks!which!maintains!its! principal!place!of!business!in!the!City!of!New!Orleans!as!the!Corporation!may!select.!! (C)! The!President!and!another!officer!of!the!Corporation!or!two!officers!of!the!Corporation!designated! in!writing!by!the!President!shall!sign!all!orders!and!checks!for!the!payment!of!money!and!shall! pay!out!and!disburse!such!moneys!under!the!direction!of!the!Directors.!All!check!signers!shall!be! covered!by!a!Fidelity!bond!for!not!less!than!$50,000.!! (D)!The!Corporation!shall!annually!formulate!a!detailed!Tourism!and!Cultural!Economy!Program!(the! “Program")!which!shall!be!submitted!to!the!Mayor!of!the!City!of!New!Orleans!and!the!City!Council! in!conjunction!with!the!City's!annual!operating!budget,!setting!forth!the!proposed!allocations!and! uses!of!the!funds!anticipated!to!be!needed!in!the!coming!fiscal!year,!including!anticipated!tax! revenues,!funds!from!all!other!sources,!and!any!fund!balance!which!may!remain!from!prior!years.! Submission!of!the!Program!and!consideration!of!the!Program!by!the!City!of!New!Orleans!shall!be! in!accordance!with!the!schedule!established!for!submission!and!consideration!of!the!City's! annual!budget.!Following!the!formal!adoption!or!approval!of!the!Program!by!the!New!Orleans!City! Council,!the!Program!may!not!be!amended!without!the!approval!of!!twoRthirds!(2/3)!of!the! members!of!the!Directors!present!at!a!meeting!at!which!there!is!a!quorum.!Further,!any!such! amendment!shall!not!be!effective!until!it!has!been!adopted!or!approved!by!the!New!Orleans!City! Council.!! Deleted: The!Program!shall!provide!that!at!least! ninety!(90%)!percent!of!the!Corporation's! expenditures!shall!be!for!Special!Events!(as!defined! below),!external!marketing!and!advertising!outside! the!New!Orleans!area!as!provided!herein,!shall! describe!the!proposed!activities!and!expenditures!of! the!Corporation,!and!shall!allocate!the!expenditures! and!disbursements!of!the!Tourist!and!Convention! Promotion!and!Support!Fund!established!by! Ordinance!14138!MCS!and!administered!by!the! Corporation!in!accordance!with!the!following!formula! (the!"Expenditure!Formula”):!… ... [1] Formatted: Font:11 pt, Not Italic Deleted: Five!(5%)!percent!of!the!Tourist!and! Convention!Promotion!and!Support!Fund!shall!be! allocated!for!expenditures!and!costs!associated! with!attracting!special!events!(hereinafter!“Special! Events”!which!may!include!national!political! conventions,!Super!Bowls,!travel!and!trade!shows,! and!comparable!events!as!defined!by!Council! Ordinances).!Not!more!than!two!hundred!thousand! ... [2] Deleted: (a)!Thirty!(30%)!percent!of!the!Tourist!and! ... [3] Deleted: (b)!Under!no!circumstances!may!more! ... [4] Deleted: Deleted: (c)!The!Agreement!for!Services!between! ... [5] Deleted: (a)!No!more!than!five!(5%)!percent!of!the! ... [6] Deleted: (b)!Under!no!circumstances!may!more! ... [7] Deleted: (F)!The!President,!or!such!other!person!as!may!be!designated!by!the!Board,!shall!cause!the!Corporation! to!keep!regular!books!of!accounts!of!the!transactions!and!of!the!financial!condition!of!the!Corporation.!! Article&2:5&& (A)!The!Corporation!may,!from!time!to!time,!employ!such!personnel!as!the!Directors!of!the!Corporation! deem!necessary!to!exercise!its!power,!duties!and!functions!as!prescribed!by!law.!! (B)!The!selection!and!compensation!of!such!personnel!shall!be!determined!by!the!Directors.!! Deleted: Sixty!(60%)!percent!of!the!Tourist!and!... [8] Deleted: Nothing!contained!herein!shall!be! ... [9] Deleted: funds!within!the!previously!approved!... [10] Deleted: funds!within!the!previously!approved!... [11] Deleted: any!remaining!unspent!funds!shall!be! ... [12] Deleted: Notwithstanding!the!provisions!of!Article! ... [13] Deleted: (E)!Administrative!Expenses!as!referred!to! ... [14] Deleted: Deleted: The!costs!of!marketing!and!promotion!to! ... [15] & ARTICLE&III.&,&MEETINGS&& Article&3:1&& (A)! The!Chairman!of!the!Board!of!Directors!of!the!Corporation!may,!when!he!deems!it!expedient,! and!shall!on!the!request!of!five!(5)!Directors!of!the!Corporation,!call!a!Special!Meeting!of!the! Directors!for!the!purpose!of!transacting!any!business!designated!in!a!notice!of!the!meeting.!!! (B)! Written!notice!of!Special!Meetings!shall!be!mailed!or!electronically!to!!each!Director!no!less! than!three!(3)!days!prior!to!the!date!of!such!meeting,!provided!that,!with!approval!of!the! President!or!Acting!President,!notice!may!be!given!by!telephone!no!less!than!24!hours!prior!to! such!meeting.!! (C)! Special!Meetings!shall!be!held!at!the!place!designated!in!the!meeting!notice.!! Deleted: handRdelivered Deleted: the!office!or!home!address!of ! ! Article&3:2&& (A)! The!rules!contained!in!Robert’s!Rules!of!Order!shall!govern!the!Corporation!in!all!cases!in!which! they!are!applicable!and!in!which!they!are!not!inconsistent!with!these!ByRLaws!or!with!other!rules! adopted!by!the!Corporation!from!time!to!time.!! (B)! Standing!rules!of!the!Corporation!may!be!adopted!by!Motion!or!Resolution!at!any!meeting,! provided!that!no!standing!rule!shall!be!adopted!which!conflicts!with!these!ByRLaws.!! Article&3:3&& (A)! Four(4)!Directors!shall!constitute!a!quorum!for!the!purpose!of!conducting!business!during!a! meeting!of!the!Corporation,!but!a!smaller!number!may!meet!from!time!to!time!until!is!quorum!is! obtained.!! (B)! Except!as!otherwise!provided!in!these!Amended!and!Restated!ByRLaws!or!in!the!Articles!of! Incorporation!of!the!Corporation,!action!may!be!taken!by!the!Corporation!upon!an!affirmative!vote! by!the!majority!of!Directors!present!at!a!meeting!at!which!there!is!a!quorum.!The!voting!on!all! questions!coming!before!the!Board!of!Directors!shall!be!by!voice!vote.!The!yeas!and!nays!shall! be!entered!upon!the!Minutes!of!such!meeting!if!a!vote!is!other!than!unanimous.!! Deleted: Three Deleted: Eight! Deleted: 3 Deleted: 8 Deleted: Second! Article&3:4&The!business!performed!by!the!Corporation!shall!be!performed!in!an!open!and!public!manner! and!meetings!of!the!Board!of!Directors!or!the!Membership!of!the!Corporation!shall!be!held!in!public!as! though!the!Corporation!were!subject!to!the!provisions!of!the!Louisiana!Open!Meeting!Law!(LA!R.S.!42:4.1! et!seq.),!notwithstanding!the!private!nature!of!the!Corporation!and!its!activities.!The!Corporation!shall! maintain!its!records!and!furnish!public!access!thereto!as!though!the!Corporation!were!subject!to!the! Public!Records!Law!(LA!R.S.!44:1!et!seq.!notwithstanding!the!private!nature!of!the!Corporation!and!its! activities.!! & ARTICLE&IV.&,&AMENDING&THE&AMENDED&AND&RESTATED&BY,LAWS&& These!Amended!and!Restated!ByRLaws!of!the!Corporation!may!only!be!amended!by!the! following!procedures:!! Deleted: SECOND& Deleted: Second! 1.! Notice!in!writing!of!the!intention!to!amend!the!Amended!and!Restated!ByRLaws!shall!be!given! to! all! Directors! preceding! the! Regular! or! Special! Meeting! at! which! the! amendment! is! to! be! proposed.!! 2.! An!affirmative!vote!of!twoRthirds!ofDirectors!shall!be!necessary!to!adopt!an!amendment!of!the! Amended!and!Restated!ByRLaws.!! 3.! ! ! Deleted: a!majority!of! Deleted: 3 Deleted: ten!( Deleted: 4 ARTICLE&V.&,&AUDITS&& The!records!of!the!Corporation!shall!be!audited!at!such!times!as!the!Directors!deem! necessary!but,!in!any!case,!in!keeping!with!law!and!the!regulations!of!funding!sources,!local,!state,! federal!or!other.!! Dated:!January!17,!2012!! NEW!ORLEANS!TOURISM!MARKETING! CORPORATION!! Deleted: 10)! Deleted: Notwithstanding!the!foregoing,!any! changes!in!the!Expenditure!Formula!contained!in! these!Amended!and!Restated!ByRLaws!shall!not! become!effective!until!such!changes!have!been! adopted!or!approved!by!the!New!Orleans!City! Council.! Page 2: [1] Deleted Joshua Cox 12/18/19 4:34:00 PM The$Program$shall$provide$that$at$least$ninety$(90%)$percent$of$the$Corporation's$expenditures$shall$be$ for$Special$Events$(as$defined$below),$external$marketing$and$advertising$outside$the$New$Orleans$area$ as$provided$herein,$shall$describe$the$proposed$activities$and$expenditures$of$the$Corporation,$and$shall$ allocate$the$expenditures$and$disbursements$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$ established$by$Ordinance$14138$MCS$and$administered$by$the$Corporation$in$accordance$with$the$ following$formula$(the$"Expenditure$Formula”):$$ (A)$ $ Page 2: [1] Deleted Joshua Cox 12/18/19 4:34:00 PM The$Program$shall$provide$that$at$least$ninety$(90%)$percent$of$the$Corporation's$expenditures$shall$be$ for$Special$Events$(as$defined$below),$external$marketing$and$advertising$outside$the$New$Orleans$area$ as$provided$herein,$shall$describe$the$proposed$activities$and$expenditures$of$the$Corporation,$and$shall$ allocate$the$expenditures$and$disbursements$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$ established$by$Ordinance$14138$MCS$and$administered$by$the$Corporation$in$accordance$with$the$ following$formula$(the$"Expenditure$Formula”):$$ (B)$ $ Page 2: [2] Deleted Joshua Cox 12/18/19 4:34:00 PM Five$(5%)$percent$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$shall$be$allocated$for$ expenditures$and$costs$associated$with$attracting$special$events$(hereinafter$“Special$Events”$which$may$ include$national$political$conventions,$Super$Bowls,$travel$and$trade$shows,$and$comparable$events$as$ defined$by$Council$Ordinances).$Not$more$than$two$hundred$thousand$($200,000)$dollars$per$year$of$ such$funds$may$be$used$to$support$the$economic$development$efforts$and$purposes$of$the$New$Orleans$ Film$and$Video$Commission$and$the$Music$and$Entertainment$Commission$of$New$Orleans$as$provided$ in$Chapter$18A$of$the$Code$of$the$City$of$New$Orleans,$to$promote,$publicize,$market$and$expose$the$ culture$and$music$of$the$City$of$New$Orleans$for$use$in$films,$videos,$music$videos,$videocassettes,$ podcasts,$laser$discs,$television,$pay$and$cable$TV,$advertisements$and$commercials,$to$attract$tourism$ by$calling$attention$to$the$bountiful$assets$and$architecture$of$the$City$of$New$Orleans,$its$tourism$ destinations$and$unique$features,$in$order$to$attract$additional$travelers$and$tourists$to$the$City$and$ generally$to$foster$development$of$the$City$of$New$Orleans$as$a$location$and$destination$for$the$making$of$ major$films$and$stimulation$of$the$music$and$entertainment$industries$(hereinafter$referred$to$as$“Music,$ Media$and$Film$Promotion").$Such$five$(5%)$percent$portion$of$the$Tourist$and$Convention$Promotion$and$ Support$Fund$shall$be$specifically$designated$and$set$aside$for$such$purposes$and$all$or$any$portion$of$ such$funds$which$remain$or$which$are$not$expended$in$any$given$fiscal$year,$including$interest$thereon,$if$ any,$shall$continue$to$be$maintained$as$a$separate,$special$reserve$account$which$may$only$be$expended$ for$such$Special$Events$or$Music,$Media$and$Film$Promotion$purposes$in$future$years.$$ $ Page 2: [2] Deleted Joshua Cox 12/18/19 4:34:00 PM Five$(5%)$percent$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$shall$be$allocated$for$ expenditures$and$costs$associated$with$attracting$special$events$(hereinafter$“Special$Events”$which$may$ include$national$political$conventions,$Super$Bowls,$travel$and$trade$shows,$and$comparable$events$as$ defined$by$Council$Ordinances).$Not$more$than$two$hundred$thousand$($200,000)$dollars$per$year$of$ such$funds$may$be$used$to$support$the$economic$development$efforts$and$purposes$of$the$New$Orleans$ Film$and$Video$Commission$and$the$Music$and$Entertainment$Commission$of$New$Orleans$as$provided$ in$Chapter$18A$of$the$Code$of$the$City$of$New$Orleans,$to$promote,$publicize,$market$and$expose$the$ culture$and$music$of$the$City$of$New$Orleans$for$use$in$films,$videos,$music$videos,$videocassettes,$ podcasts,$laser$discs,$television,$pay$and$cable$TV,$advertisements$and$commercials,$to$attract$tourism$ by$calling$attention$to$the$bountiful$assets$and$architecture$of$the$City$of$New$Orleans,$its$tourism$ destinations$and$unique$features,$in$order$to$attract$additional$travelers$and$tourists$to$the$City$and$ generally$to$foster$development$of$the$City$of$New$Orleans$as$a$location$and$destination$for$the$making$of$ major$films$and$stimulation$of$the$music$and$entertainment$industries$(hereinafter$referred$to$as$“Music,$ Media$and$Film$Promotion").$Such$five$(5%)$percent$portion$of$the$Tourist$and$Convention$Promotion$and$ Support$Fund$shall$be$specifically$designated$and$set$aside$for$such$purposes$and$all$or$any$portion$of$ such$funds$which$remain$or$which$are$not$expended$in$any$given$fiscal$year,$including$interest$thereon,$if$ any,$shall$continue$to$be$maintained$as$a$separate,$special$reserve$account$which$may$only$be$expended$ for$such$Special$Events$or$Music,$Media$and$Film$Promotion$purposes$in$future$years.$$ $ Page 2: [3] Deleted Joshua Cox 12/18/19 4:34:00 PM (a)$Thirty$(30%)$percent$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$shall$be$allocated$for$ expenditure$for$external$advertising,$marketing$and$promotion$directed$to$conventions,$group$tour$and$ travel$business$and$to$costs$associated$with$responding$to$and$fulfillment$of$inquiries$from$meeting$and$ convention$planners,$group$tour$operators,$travel$agents,$individual$business$travelers.$To$the$extent$ allowed$by$law,$these$functions$shall$be$contracted$to$the$New$Orleans$Convention$and$Visitors$Bureau,$ Inc.$and$the$New$Orleans$Multicultural$Tourism$Network$under$separate$written$agreements$for$the$ performance$of$services,$which$shall$each$contain$an$initial$term$of$a$period$of$three$(3)$years$with$annual$ options$in$favor$of$the$Corporation$to$extend$such$contract$for$an$additional$year$or,$in$the$discretion$of$ the$Corporation,$for$additional$terms$not$to$exceed$three$years$at$one$time,$after$appropriate$review$and$ consideration$of$the$services$previously$rendered$under$each$such$agreement$and$the$continued$need$for$ such$services.$$ $ Page 2: [3] Deleted Joshua Cox 12/18/19 4:34:00 PM (a)$Thirty$(30%)$percent$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$shall$be$allocated$for$ expenditure$for$external$advertising,$marketing$and$promotion$directed$to$conventions,$group$tour$and$ travel$business$and$to$costs$associated$with$responding$to$and$fulfillment$of$inquiries$from$meeting$and$ convention$planners,$group$tour$operators,$travel$agents,$individual$business$travelers.$To$the$extent$ allowed$by$law,$these$functions$shall$be$contracted$to$the$New$Orleans$Convention$and$Visitors$Bureau,$ Inc.$and$the$New$Orleans$Multicultural$Tourism$Network$under$separate$written$agreements$for$the$ performance$of$services,$which$shall$each$contain$an$initial$term$of$a$period$of$three$(3)$years$with$annual$ options$in$favor$of$the$Corporation$to$extend$such$contract$for$an$additional$year$or,$in$the$discretion$of$ the$Corporation,$for$additional$terms$not$to$exceed$three$years$at$one$time,$after$appropriate$review$and$ consideration$of$the$services$previously$rendered$under$each$such$agreement$and$the$continued$need$for$ such$services.$$ $ Page 2: [4] Deleted Joshua Cox 12/18/19 4:34:00 PM (b)$Under$no$circumstances$may$more$than$five$(5%)$percent$of$the$Tourist$and$Convention$Promotion$ and$Support$Fund$be$used$to$pay$for$any$local$salaries$or$staff$expenses$of$the$New$Orleans$Convention$ and$Visitors$Bureau,$Inc.$and$any$funds$which$are$so$used,$shall$be$allocated$to$and$payable$from$the$ thirty$(30%)$percent$of$the$Fund$provided$for$by$this$Article$2:4(D)(2)$of$the$By^Laws.$$ $ Page 2: [4] Deleted Joshua Cox 12/18/19 4:34:00 PM (b)$Under$no$circumstances$may$more$than$five$(5%)$percent$of$the$Tourist$and$Convention$Promotion$ and$Support$Fund$be$used$to$pay$for$any$local$salaries$or$staff$expenses$of$the$New$Orleans$Convention$ and$Visitors$Bureau,$Inc.$and$any$funds$which$are$so$used,$shall$be$allocated$to$and$payable$from$the$ thirty$(30%)$percent$of$the$Fund$provided$for$by$this$Article$2:4(D)(2)$of$the$By^Laws.$$ $ Page 2: [5] Deleted Joshua Cox 12/18/19 4:34:00 PM (c)$The$Agreement$for$Services$between$the$Corporation$and$the$New$Orleans$Multicultural$Tourism$ Network,$and$the$applicable$provision$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$relative$ thereto,$shall$provide$that$at$least$25%$of$the$30%$of$the$Tourist$and$Convention$Promotion$and$Support$ Fund$provided$for$in$this$Article$2:4(D)(2)$shall$be$paid$to$the$New$Orleans$Multicultural$Tourism$Network$ to$attract$additional$tourism$business$through$the$servicing$and$attraction$of$minority$meetings,$ conventions$and$trade$shows,$to$provide$external$advertising,$marketing$and$promotion$directed$to$such$ groups,$to$fulfill$inquiries$from$such$groups,$and$to$pay$for$the$staff,$personnel$and$other$operating$ expenses$of$the$New$Orleans$Multicultural$Tourism$Network,$provided$however,$that$no$more$than$ $150,000$per$year$of$such$funds$may$be$allocated$to$such$staff$personnel$and$operating$expenses$of$the$ New$Orleans$Multicultural$Tourism$Network.$All$payments$to$the$New$Orleans$Multicultural$Tourism$ Network$by$the$Corporation$shall$be$allocated$to$any$payable$from$the$thirty$(30%)$percent$of$the$Tourist$ and$Convention$Promotion$and$Support$Fund$provided$for$by$this$Article$2:4(D)(2).$$ $ Page 2: [5] Deleted Joshua Cox 12/18/19 4:34:00 PM (c)$The$Agreement$for$Services$between$the$Corporation$and$the$New$Orleans$Multicultural$Tourism$ Network,$and$the$applicable$provision$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$relative$ thereto,$shall$provide$that$at$least$25%$of$the$30%$of$the$Tourist$and$Convention$Promotion$and$Support$ Fund$provided$for$in$this$Article$2:4(D)(2)$shall$be$paid$to$the$New$Orleans$Multicultural$Tourism$Network$ to$attract$additional$tourism$business$through$the$servicing$and$attraction$of$minority$meetings,$ conventions$and$trade$shows,$to$provide$external$advertising,$marketing$and$promotion$directed$to$such$ groups,$to$fulfill$inquiries$from$such$groups,$and$to$pay$for$the$staff,$personnel$and$other$operating$ expenses$of$the$New$Orleans$Multicultural$Tourism$Network,$provided$however,$that$no$more$than$ $150,000$per$year$of$such$funds$may$be$allocated$to$such$staff$personnel$and$operating$expenses$of$the$ New$Orleans$Multicultural$Tourism$Network.$All$payments$to$the$New$Orleans$Multicultural$Tourism$ Network$by$the$Corporation$shall$be$allocated$to$any$payable$from$the$thirty$(30%)$percent$of$the$Tourist$ and$Convention$Promotion$and$Support$Fund$provided$for$by$this$Article$2:4(D)(2).$$ $ Page 2: [6] Deleted Joshua Cox 12/18/19 4:34:00 PM (a)$No$more$than$five$(5%)$percent$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$shall$be$ spent$for$the$Corporation's$administrative$costs$(hereinafter$“Administrative$Expenses”),$which$shall$not$ include$any$costs$which$may$be$incurred$by$offices,$departments$and$boards$of$the$City.$$ $ Page 2: [6] Deleted Joshua Cox 12/18/19 4:34:00 PM (a)$No$more$than$five$(5%)$percent$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$shall$be$ spent$for$the$Corporation's$administrative$costs$(hereinafter$“Administrative$Expenses”),$which$shall$not$ include$any$costs$which$may$be$incurred$by$offices,$departments$and$boards$of$the$City.$$ $ Page 2: [7] Deleted Joshua Cox 12/18/19 4:34:00 PM (b)$Under$no$circumstances$may$more$than$a$total$of$ten$(10%)$percent$of$the$Tourist$and$Convention$ Promotion$and$Support$Fund$be$spent$on$both$(i)$local$salaries$or$staff$expenses$as$provided$in$Article$ 2:4(D)(2)(b)$and$(ii)$the$Corporation's$Administrative$Expenses$as$provided$in$Article$2:4(D)(3)(a).$$ $ Page 2: [7] Deleted Joshua Cox 12/18/19 4:34:00 PM (b)$Under$no$circumstances$may$more$than$a$total$of$ten$(10%)$percent$of$the$Tourist$and$Convention$ Promotion$and$Support$Fund$be$spent$on$both$(i)$local$salaries$or$staff$expenses$as$provided$in$Article$ 2:4(D)(2)(b)$and$(ii)$the$Corporation's$Administrative$Expenses$as$provided$in$Article$2:4(D)(3)(a).$$ $ Page 2: [8] Deleted Joshua Cox 12/18/19 4:34:00 PM Sixty$(60%)$percent$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$shall$be$allocated$for$ expenditure$for$external$advertising,$marketing$and$promotion$directed$to$the$discretionary$traveler$or$ tourist$and$for$fulfillment$of$and$responding$to$inquiries$generated$by$such$marketing$and$promotion$ efforts$and$may$be$used$for$promotional$materials$for$visiting$media$in$advance$of$and$during$Special$ Events$$ $ Page 2: [8] Deleted Joshua Cox 12/18/19 4:34:00 PM Sixty$(60%)$percent$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$shall$be$allocated$for$ expenditure$for$external$advertising,$marketing$and$promotion$directed$to$the$discretionary$traveler$or$ tourist$and$for$fulfillment$of$and$responding$to$inquiries$generated$by$such$marketing$and$promotion$ efforts$and$may$be$used$for$promotional$materials$for$visiting$media$in$advance$of$and$during$Special$ Events$$ $ Page 2: [9] Deleted Joshua Cox 12/18/19 4:34:00 PM Nothing$contained$herein$shall$be$construed$to$require$the$Corporation$to$expend$the$entire$Tourist$and$ Convention$Promotion$and$Support$Fund$in$any$given$year.$The$Corporation$may$maintain$a$prudent$ reserve$of$unbudgeted$funds$in$the$Tourist$and$Convention$Promotion$and$Support$Fund.$Once$funds$ have$been$budgeted,$other$than$the$five$percent$(5%)$which$shall$be$specifically$dedicated$and$allocated$ for$expenditure$on$costs$associated$with$attracting$Special$Events$as$provided$in$Article$2:4(D)(1)$ hereinabove,$any$balance$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$which$remains$ unspent$at$the$end$of$each$fiscal$year$shall$be$dealt$with$as$follows:$$ $ Page 2: [9] Deleted Joshua Cox 12/18/19 4:34:00 PM Nothing$contained$herein$shall$be$construed$to$require$the$Corporation$to$expend$the$entire$Tourist$and$ Convention$Promotion$and$Support$Fund$in$any$given$year.$The$Corporation$may$maintain$a$prudent$ reserve$of$unbudgeted$funds$in$the$Tourist$and$Convention$Promotion$and$Support$Fund.$Once$funds$ have$been$budgeted,$other$than$the$five$percent$(5%)$which$shall$be$specifically$dedicated$and$allocated$ for$expenditure$on$costs$associated$with$attracting$Special$Events$as$provided$in$Article$2:4(D)(1)$ hereinabove,$any$balance$of$the$Tourist$and$Convention$Promotion$and$Support$Fund$which$remains$ unspent$at$the$end$of$each$fiscal$year$shall$be$dealt$with$as$follows:$$ $ Page 2: [10] Deleted Joshua Cox 12/18/19 4:34:00 PM funds$within$the$previously$approved$budget$may$be$encumbered$to$pay$for$board^$approved$ expenditures,$during$the$next$fiscal$year,$when$on$or$before$December$31$of$the$current$fiscal$year$a$ contractual$obligation$exists$to$expend$those$fundsa$$ $ Page 2: [10] Deleted Joshua Cox 12/18/19 4:34:00 PM funds$within$the$previously$approved$budget$may$be$encumbered$to$pay$for$board^$approved$ expenditures,$during$the$next$fiscal$year,$when$on$or$before$December$31$of$the$current$fiscal$year$a$ contractual$obligation$exists$to$expend$those$fundsa$$ $ Page 2: [11] Deleted Joshua Cox 12/18/19 4:34:00 PM funds$within$the$previously$approved$budget$may$be$committed$for$board^$approved$purposes,$during$the$ next$fiscal$year,$where$no$contractual$obligation$exists$to$expend$those$funds,$but$only$conditionally$upon$ approval$of$such$committed$funds$by$ordinance$of$the$New$Orleans$City$Councila$and$$ $ Page 2: [11] Deleted Joshua Cox 12/18/19 4:34:00 PM funds$within$the$previously$approved$budget$may$be$committed$for$board^$approved$purposes,$during$the$ next$fiscal$year,$where$no$contractual$obligation$exists$to$expend$those$funds,$but$only$conditionally$upon$ approval$of$such$committed$funds$by$ordinance$of$the$New$Orleans$City$Councila$and$$ $ Page 2: [12] Deleted Joshua Cox 12/18/19 4:34:00 PM any$remaining$unspent$funds$shall$be$treated$as$though$they$were$new$revenues,$and$shall$be$included$ within$the$Tourist$and$Convention$Promotion$and$Support$Fund$for$the$following$year$for$the$purpose$of$ applying$the$following$year's$Expenditure$Formula.$$ $ Page 2: [12] Deleted Joshua Cox 12/18/19 4:34:00 PM any$remaining$unspent$funds$shall$be$treated$as$though$they$were$new$revenues,$and$shall$be$included$ within$the$Tourist$and$Convention$Promotion$and$Support$Fund$for$the$following$year$for$the$purpose$of$ applying$the$following$year's$Expenditure$Formula.$$ $ Page 2: [13] Deleted Joshua Cox 12/18/19 4:34:00 PM Notwithstanding$the$provisions$of$Article$2:4(D)(3)(a)$above,$any$carry^over$funds$approved$as$ hereinabove$described,$shall$not$be$counted$toward$the$5%$administrative$cap$in$the$year$in$which$they$ are$expended$$ $ Page 2: [13] Deleted Joshua Cox 12/18/19 4:34:00 PM Notwithstanding$the$provisions$of$Article$2:4(D)(3)(a)$above,$any$carry^over$funds$approved$as$ hereinabove$described,$shall$not$be$counted$toward$the$5%$administrative$cap$in$the$year$in$which$they$ are$expended$$ $ Page 2: [14] Deleted Joshua Cox 12/18/19 4:34:00 PM (E)$Administrative$Expenses$as$referred$to$in$Article$2:4(D)(3)(a)$above$may$include$but$are$not$limited$to$ the$costs$of$maintaining$an$office,$including$rental,$utilities,$repair$and$maintenancea$costs$of$purchasing$ or$leasing$office$furniture$and$equipment$and$their$repair$and$maintenancea$the$costs$of$supplies,$staff$ salaries$and$benefitsa$professional$services$not$directly$connected$to$marketing,$such$as$legal,$ accounting,$and$management$servicesa$insurancea$postage$for$business$correspondence$other$than$direct$ mail$marketinga$publicizing$the$work$of$the$Corporation$within$New$Orleansa$travel$and$other$expenses.$$ $ Page 2: [14] Deleted Joshua Cox 12/18/19 4:34:00 PM (E)$Administrative$Expenses$as$referred$to$in$Article$2:4(D)(3)(a)$above$may$include$but$are$not$limited$to$ the$costs$of$maintaining$an$office,$including$rental,$utilities,$repair$and$maintenancea$costs$of$purchasing$ or$leasing$office$furniture$and$equipment$and$their$repair$and$maintenancea$the$costs$of$supplies,$staff$ salaries$and$benefitsa$professional$services$not$directly$connected$to$marketing,$such$as$legal,$ accounting,$and$management$servicesa$insurancea$postage$for$business$correspondence$other$than$direct$ mail$marketinga$publicizing$the$work$of$the$Corporation$within$New$Orleansa$travel$and$other$expenses.$$ $ Page 2: [15] Deleted Joshua Cox 12/18/19 4:34:00 PM The$costs$of$marketing$and$promotion$to$the$discretionary$traveler$as$referred$to$in$Article$2:4(D)(4)$above$ may$include$but$are$not$limited$to$the$costs$of$professional$services$directly$related$to$marketinga$creative$ work$connected$with$producing$marketing$materials$(writing,$filming,$taping,$editing,$typesetting,$etc.)a$ printing$and$production$costsa$advertising$agency$fees,$commissions,$and$markupsa$media$placementsa$ postage$and$handling$for$direct$mail$and$the$costs$of$telemarketing$and$response$to$inquiries$generated$ by$promotional$and$marketing$efforts$(including$production$and$printing$of$response$pieces,$postage,$and$ handling)a$public$relations$outside$New$Orleans,$and$special$promotional$events$when$they$are$an$ approved$part$of$the$overall$marketing$plan.$$ $ Page 2: [15] Deleted Joshua Cox 12/18/19 4:34:00 PM The$costs$of$marketing$and$promotion$to$the$discretionary$traveler$as$referred$to$in$Article$2:4(D)(4)$above$ may$include$but$are$not$limited$to$the$costs$of$professional$services$directly$related$to$marketinga$creative$ work$connected$with$producing$marketing$materials$(writing,$filming,$taping,$editing,$typesetting,$etc.)a$ printing$and$production$costsa$advertising$agency$fees,$commissions,$and$markupsa$media$placementsa$ postage$and$handling$for$direct$mail$and$the$costs$of$telemarketing$and$response$to$inquiries$generated$ by$promotional$and$marketing$efforts$(including$production$and$printing$of$response$pieces,$postage,$and$ handling)a$public$relations$outside$New$Orleans,$and$special$promotional$events$when$they$are$an$ approved$part$of$the$overall$marketing$plan.$$ $ $