2.2.18.030 Findings

(a) A federal charter of incorporation was issued by the United States Department of the Interior to the 19 Pueblos of New Mexico to establish the Indian Pueblos Marketing, Inc. on April 10, 1998 ("Charter"); and,

(b) After 23 years, the Charter needs to be updated to reflect the manner in which the Corporation has evolved; and,

(c) The Shareholder Representatives of IPMI directed the IPMI Officers and Corporate Counsel to work on amendments; and,

(d) The IPMI Board of Directors reviewed and recommended a proposed First Amended Federal Charter of Incorporation which was presented to the Shareholder Representatives at their annual meeting and has now been presented to the Pueblo Council; and,

(e) The Tribal Council of the Pueblo de San Ildefonso finds that the revisions are consistent with best management practices for the Corporation and facilitation of direction from the 19 Pueblos as owners of the Corporation.