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DRAF I
<br /> -K-Ii-24
<br /> d) Treas-urer Ron d, The Treasurer shall be requirod tofile with the Sccrctary of the
<br /> Board a bond in the sw-n of at least$10,000 or such higher allIOLLI'lt as shall be
<br /> determined by the Board. Tip T,DDAILe Commission shall pay flic premIL1.111 On
<br /> said bond.
<br /> De120S1LQQL.- '1'hc I�o-,ivd shall desienate one or more national or state bank or trust
<br /> comp ni es, a i.i i I i�)r Ize d 11%7 M i q ii., Stat., his 118 and 27,or such other law as
<br /> ,may a it) rt�c'eive deposits of nublic mo on
<br /> neys and to act,as dcposacs for the
<br /> Commission funds,
<br /> whd*i *r.*" Men;1%er C;or Ploree s to ylew-to aC ommission"s
<br /> IRK IM L 4,CD
<br /> General Fund. The Commission t s general fund,Isni.01 fifnal thp%ao is funded-by an annual
<br /> contribution from each Member and is u-sed to pay for general administration purposes
<br /> i1.1 INA -- ,
<br /> including,but not Ili-nited to-,-, salaries, rent, supplics, development of an ove 1r'1 L'I Tary"Ith
<br /> Watershed Maggement Plan,,cnginccring and legal expenses, Muralice, Band bonds, and
<br /> p.p1peridell Cing -..F-jAj3-±Q
<br /> to purchasc and maintain Awt
<br /> %A%F T i%e.,te s-3 t le-P i n e a s u ly - 4 1 waterEjWdi
<br /> personal propei'Ly deemed accessary by the Commission in furtherance Of itS PLIgoses
<br /> and 12oweis as arfiUlkl(ed in this Agreemem, Said funds may also be used for normal
<br /> maintenance of 4wMan facilities, but any extraordinai-y maintenance or repair expense
<br /> I kc hil;v;QiAn
<br /> shall be treated as an improvernent cost and processed in accordance with.S:-LL L-FILI A 7 A U
<br /> Oeffie provisions for CIP Pro'lect funding under this Agreement. The annual
<br /> contribution by each Member shall be based fifty percent(50%)on the net tax
<br /> capacity of all property within the Water shedland fifty percent(50% the basis of the
<br /> total area of cack Member within the boundaries of the Watershed each year to the
<br /> 'f1CW'1Q1!j1ACi hil- men
<br /> W
<br /> total area in the atershed 44z"
<br /> -vp-i Us AL%JAI.
<br /> 63 Operating.BudPact. The Board shall annually_pi• are adopt, and SUbmit an annUal
<br /> giocTating bUdFet as provided in this Lsecton.
<br /> Q 14 rj Q j C,
<br /> veiiiefi i in4pra - 4�- mvenizent
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<br /> 440
<br /> W1 0 1-05 130
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