Ordinance - #83-01 - Index for Changes - 01/11/1983 (2)

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notice in writing to the Co~mission that it is withdrawing from the C~ni~sion. Final action adopting a budget for the ensuing calendar year shall be taken by the Cc~nission on or before December 31, 1982, and thereafter on or before November 1 of each year. Section 5. Any member may inspect and oopy the Cc~mission books and records at any and all reasonable times. All books and records shall be kept in accordance with normal and accepted accounting procedures and principles used by Minnesota Statutory Cities. XI. DURATION Section 1. The Comnission shall continue for an indefinite term. The Comnission may be terminated my mutual agreement of a majority of the mem- bers at any time. Section 2. A member may withdraw from the Co~mission by filing a written notice with the secretary-treasurer by October 15 of any year giving notice of withdrawl effective at the end of that calendar year; and membership shall continue until the effective date of the withdrawl. A notice of withdrawal may be rescinded at any time by a m~ber. If a member withdraws before dissolution of the Cc~anission, the member shall have no claim against the assets of the Cc~nission. A' withdrawing member shall have no claim to the franchise fee collected on its behalf for the year in which its withdrawal is effective, except for the reimbursement of cable-related expenses for that year. For the calendar year following withdrawal, and for all subsequent years, the franchise fee calculated upon gross revenues attributable to the system within the withdrawn member shall be paid by Grantee directly to the withdrawn member. Section 3. In the event of dissolution, the Commission shall deter- mine the measures necessary to effect the dissolution and shall provide for the taking of such measures as promptly as circumstances permit, subject to the pro- --8--