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detail specifically the uses to which monies shall be spent to carry out the purposes of the <br />Corporation. Actual revenues generated may vary from the amount anticipated in the budget and <br />for this reason the budget may be modified by a two thirds (2/3) vote of the Board of Directors <br />without prior consent of the Member Cities. <br />Section 7. Financial Summary <br />A summary report of the financial operation of the corporation shall be made by the <br />Treasurer at least annually to the Board of Directors. <br />ARTICLE XVI - OFFICER REMOVAL — RESIGNATION <br />Section 1. <br />Any officer may be removed either with or without cause by a two- thirds (2/3) vote of the <br />whole Board of Directors. <br />Section 2. <br />Any officer may resign at any time by giving written or electronic notice to the President, <br />Secretary, Executive Director, or designated agent of the Corporation. Such resignation shall <br />take effect on the date of the receipt of such notice or any later time specified therein. <br />ARTICLE XVII - BY -LAWS AMENDMENTS <br />Amendments to these By -Laws may be adopted by Board of Directors at any meeting of <br />the Board called for the purpose, and upon a two- thirds (2/3) affirmative vote. At least ten (10) <br />days' notice shall be given to Board Members together with a copy of the proposed amendments. <br />13 <br />