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Section 4: Effect of Termination. <br /> <br /> Termination shall not discharge any liability incurred by the Authority or by the <br />members during the term of this Agreement. The Authority shall continue to operate <br />after the date of termination only for the purpose of winding up its business and for <br />aiding in the prosecution and defense of claims. Property or surplus money acquired <br />by the Authority shall be distributed to the members in proportion to contributions of the <br />members. The Authority shall approve a final report of its activities and affairs and, on <br />the expiration of thirty (30) days therefrom, shall cease to exist. <br /> <br /> ARTICLE IX. MISCELLANEOUR <br /> <br />.Section 1: Amendments. <br /> <br /> This Agreement may be amended by agreement of a majority of the parties as <br />evidenced by resolutions adopted by the respective governing bodies. Article VII, <br />Section 2 and Article VIII, Sections 1 and 2 may be amended only by unanimous <br />agreement of the parties. <br /> <br />Section 2: Records, Accounts and Reports. <br /> <br /> The Authority shall establish and maintain such funds and accounts as may be <br />required by good accounting practices. The books and records of the Authority shall <br />be subject to the provisions of Minn. Stat. Chapter 13, the Minnesota Government Data <br />Practices Act, and Minn. Stat. § 16B.04. The Authority, within one hundred and twenty <br />(120) days after the close of each fiscal year, which shall be January 1 to December <br />31, shall give a complete written report of all financial activities for such fiscal year to <br />the parties. <br /> <br />Section 3: Counterparts. <br /> <br /> This Agreement may be executed in two or more counterparts, each of which <br />shall be deemed an original, but all of which shall constitute one and the same <br />instrument. <br /> <br />]2 <br /> <br /> <br />