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BY-LAWS <br /> <br /> OF <br /> <br />RAMSEY ECONOMIC DEVELOPMENT COMPANY <br /> <br />Section 1: Name. <br /> <br />Development Company. <br /> <br /> ARTICLE I <br /> <br /> NAME AND PURPOSE <br /> <br />The name of the Corporation shall be Ramsey Economic <br /> <br /> Section 2: Purpose. The primary purpose of the Corporation is to serve <br />as a Certified Development Corporation pursuant to Section 503 of Title V of <br />the Small Business Investment Act of 1958, as amended, and the Corporation <br />shall be governed by all requirements of said Section 503. The Corporation <br />shall not participate in any other SBA financing program except those permitted <br />under Title V of the Small Business Investment Act (i.e., 501, 502 and 503). <br /> <br /> ARTICLE II <br /> <br /> OFFICE AND BOUNDARIES <br /> <br /> Section 1: Office. The principal office of the Corporation in the State <br />of Minnesota shall be located in the City of Ramsey, County of Anoka or other <br />such place as the Board of Directors shall from time to time determine. <br /> <br /> Section 2: Place of Business. The Corporation shall maintain a <br />reasonably accessible place of business which shall have a separately listed <br />telephone number and shall be open to the public during normal business hours. <br /> <br /> Section 3: Boundaries. The boundaries of the Corporation shall be the <br />corporate boundaries of the City of Ramsey. <br /> <br /> <br />