Agenda - Council - 02/14/1989 - Laserfiche WebLink

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The Operating Committee shall meet as needed at a time and place to be determined by the Operating Committee. 4. Financial Matters. Each member of the Joint Powers Agency shall contribute an annual fee to finance the activities of the Joint Powers Agency in such amount as is established by the Board. The Board shall have no authority to expend funds in excess of available contributed funds or to incur any debt. The amount of the fee to be contributed by each member shall be established by the Board of Directors by October I of each year, which fee shall be payable in full by each member by February 2 of the subsequent year. The Board may receive financial contributions from private associations, entities or financial institutions. Such associations, entities or institutions shall then become honorary associate members. Honorary associate members may send representatives to Board meetings, but shall not be entitled to representation on the Board or have any voting rights. 5. Withdrawal. Any member may withdraw from this agreement effective on January 1 of any year by giving notice prior to October i5 of the proceeding year. 6. Termination. The Joint Powers Agency shah be dissolved if less than three (3) members remain, or by a mutual signed agreement of all of the members. Upon termination, remaining assets of the Joint Powers Agency shall be distributed to the members still remaining at the time of termination, pro rated according to their respective total contributions during the term of their membership. 7. Notices. All notices or other communications required herein shall be sufficiently given and shall be deemed given when delivered or mailed by registered or certified mail, postage prepaid, addressed to the following parties: President, Board of Directors, and Chairman, of the Operating Committee. 8. Amendments. This agreement may be amended only by written" agreement entered into by a majority of the members of the Joint Powers Agency at the time of such amendment. 9. Mu!tiDle Execution. This Joint Powers Agreement may be executed simultaneously in any number of counterparts, each of which counterpart shall be deemed to be an original and ali such counterparts shall constitute but one and the same instrument. An originally executed counterpart shall be filed with Joseph D. Strauss, Executive Director, Northern Mayors' Association, 8525 Edinbrook Crossing, Suite 109, Brooklyn Park, Minnesota 55443. 10. Effective Date. This agreement shall be in full force and effect upon receipt by Joseph D. Strauss, Executive Director, Northern Mayors' Association, 8525 Edinbrook Crossing, Suite 109, Brooklyn Park, Minnesota 55443. By Its By 2 its