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Ho <br /> <br />DRAFT - 3/6/97 <br /> <br />of Minnesota, or any person, association or agency for any of its purposes; <br />enter into any agreement in connection therewith; and hold, use and dispose <br />of such money, other property and assistance in accordance with the terms <br />of this gift, grant or loan relating thereto. <br /> <br />The Authority may hold such property as may be required to accomplish the <br />purposes of this Agreement and upon termination of this Agreement, make <br />distribution of such property as is provided for in this Agreement. <br /> <br />The Authority may purchase insurance as is deemed advisable and may take <br />action to enforce its rights in equity or in law. <br /> <br />Section 3: Exercise of Powers. <br /> <br /> All powers granted herein shall be exercised by the Authority in accordance <br />with the legal requirements applicable to counties. In accordance with Minn. Stat. <br />§ 471.59, subd. 3, the purchasing and contracting requirements of the county <br />selected pursuant to Article VII, Section 4 shall apply to the Authority. <br /> <br />ARTICLE VI. STRUCTURE AND PROCEDURES <br /> <br />Section 1: Terms. <br /> <br /> Each representative and alternate shall be appointed for two year terms, <br />beginning January 1, by resolution of the appointing governing body. In the event <br />that any representative or alternate shall not have been appointed by January 1 in <br />any year, the incumbent representative shall serve until a successor has been <br />appointed. Removal of any representative or alternate during the term for which <br />the representative has been appointed may be done at any time but shall be done <br />only by resolution of the appointing governing body. Resolutions of any governing <br /> <br />body under this section shall be filed at the Office of Administration, <br /> <br />County Courthouse, , Minnesota. <br /> <br /> <br />