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Section 2. New Members <br />Additional cities may be added as Members upon a majority vote of Board of Directors <br />and municipal approval of Lodging Tax Resolution for collecting Lodging Tax under Chapter <br />469.190 of Minnesota Statutes. <br />Section 3. Funding <br />On the 15 day of each month, a Member City shall remit to the Corporation, for funding <br />the Corporation, 95% of the lodging tax payments received by the Member City, less refunds, in <br />the preceding month. <br />ARTICLE IV — BOARD OF DIRECTORS <br />Section 1. Board of Directors. <br />A. The Board of Directors shall be proportionately represented, based on the percentage <br />of lodging fee contributions contributed by the Member City during the preceding year. Each <br />Member City shall have at least one Board Member. For each additional 10 %, or portion <br />thereof, above the initial 10% of the overall contribution will entitle the Member City to one <br />additional representative. The first Board Member appointed by the Member City shall be an <br />elected or appointed municipal representative of that Member City. The second Board Member <br />selected by the Member City will be from that community's lodging industry. Any additional <br />representatives shall be selected at the Member City's discretion. The term of any Board <br />Member appointed, or selected by a Member City shall immediately cease, without further <br />action, upon the date of termination of membership of that Member City in the Corporation. <br />2 <br />