The Municipal Advisory Council of Texas was chartered by the State of Texas on
November 8, 1954. The MAC operates as a 501(c)6 tax-exempt membership
organization and opened its doors for business on January 3, 1955. At
inception, membership consisted of
38 municipal securities dealer firms and its board originally consisted
of twelve trustees
. The organization they devised and the programs they projected were
without equal in conceptions or in purpose ---- nor, as it turns out, in
accomplishment which has so richly embellished the Council's years of
service to the public and the municipal bond industry.
Today, the MAC is governed by a ten-member Board
of Trustees. Each board member is elected to serve a three year term.
The purpose of the Municipal Advisory Council of Texas is to promote effective
and efficient investment banking, underwriting, trading and sales of municipal
debt by collecting, maintaining and distributing information relating to
issuing entities.
