Agenda - Council - 05/24/2005 - Laserfiche WebLink

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and all lcasmmblc times. All books and records shall be kept in accordance with normal and acccpuxl accrmnting procedures and principles used by Minnesota Statutory Cities. XI. DURATION %cctitm 1. The Commission shall continue for an indefinite term. The Commission may · ~ Deleted: member tcrmimded by mt, tual agreement of a majority of the ,}:,.%m}:c'~'s at any time. m'ovided t}~t~ lhe .-L..?=r"0-~'a'~;~'?~';n~7~im';;:'~;~'~ { Roman ===================== ..... "==='==='=='""-"="='='='=='=' ....... '=='=':'"'"' "~='='='=='"'=-<. ~ Roman "~ Fo~a~ed: Font: Times New .~ Deleted: Cides ~}~c operation of the, ,~]~]~:t[ cable communications system .~}~;.ry_L?=...!.:i:~....~t:}.~;~):[~.~5..._(the "kcvenucs") shall be pledged to the bonds, obligations or other fo~s of indebtedness issued to Deleted: Ci~ the Project. So long as such indebtedness is outstanding any Member,~h~[~)pg ~h~' ,. ~ Deleted: member at thc end o I'thc calendar year; and membership shall Continue until the effective date of withdrawal. Deleted: member .,\ notice of withdrawal may be rescinded at any time by a;}:'_J4%~5,'_?.~!;. __I_f__a~g4~?_,_:~j_'_.w_i_t_h__d_r__a__w_s___b_e__f.o_r__e__,::L--{ Deleted: member ~ ....... ~.; .................................................................. thc dissolution of the Commission, the ~',j~mi~:~' shall have no claim against the assets of the .." Deleted: member (:~ mmissi{ n, except as provided herein. A~).I,.~??~i that has withdrawn ~om the Commission ma~,_...-' Wm~ bonds, obligations or other [brms of indebtedness are outstanding upon request, recover up to N oFany equity d~at exists, as of the withdrawal date, in the real property and buildings purchased or ,,:,,instructed with any bonds, obligations or other indebtedness issued by the Commission. The Commission may if no bonds, obligations or other indebtedness is outstanding, at anytime after the -47-