Laserfiche WebLink
BY-LAWS OF THE RAMSEY ECONOMIC <br />DEVELOPMENT AUTHORITY <br />ARTICLE I - THE AUTHORITY <br />Section 1. Name of Authority. The name of the Authority shall be the <br />"Ramsey Economic Development Authority" (which may sometimes be referred to as <br />the "EDA" or the "Authority"), and its governing body shall be called the Board of <br />Commissioners (the "Board"). The Board shall be the body responsible for the general <br />governance of the Authority and shall conduct its official business at meetings thereof. <br />Section 2. Seal of Authority. The Authority shall have an official seal, as <br />required by Minnesota Statutes, Section 469.096, Subdivision 1. <br />Section 3. Office of Authority. The offices of the Authority shall be the <br />Ramsey Municipal Center. <br />ARTICLE II - OFFICERS <br />Section 1. Officers. The officers of the Authority shall be a President, a <br />Vice -President, a Treasurer, an Assistant Treasurer and a Secretary. The President, the <br />Vice -President and the Treasurer shall be members of the Board and shall be elected <br />annually, and no Commissioner may be both President and Vice -President <br />simultaneously. <br />Section 2. President. The President shall preside at all meetings of the <br />Board. Except as otherwise authorized by resolution of the Board, the President and the <br />Secretary (the Vice -President, in the Secretary's absence or incapacity) shall sign all <br />contracts, deeds, and other instruments made or executed by the Authority, except that <br />all checks of the Authority shall be signed by the Treasurer and Assistant Treasurer. At <br />each meeting the President shall submit such recommendations and information as he <br />or she may consider proper concerning the business, affairs and policies of the <br />Authority. <br />Section 3. Vice -President. The Vice -President shall perform the duties of <br />the President in the absence or incapacity of the President and, in case of the resignation <br />or death of the President, the Vice -President shall perform such duties as are imposed <br />on the President until such time as the Board shall select a new President. <br />Section 4. Secretary. The Secretary shall keep minutes of all meetings of <br />the Board and shall maintain all records of the Authority. The Secretary shall also have <br />such additional duties and responsibilities as the Board may from time to time and by <br />resolution prescribe. <br />Section 5. Treasurer. The Treasurer shall have the care and custody of all <br />funds of the Authority and shall deposit the same in the name of the Authority in such <br />1 <br />