4.6. SR 05-20-2013 - Laserfiche WebLink

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( 2) No such city shall became a Member of the Municipal Power Agency until ( A) its admission is approved at an annual or special meeting of the Representative by the affirmative vote of (is -thirds of all Re re flf then exist' Members i 111111,1111111 each casting one vote , and (ii ) two-thirds o e total votes cast by the Representatives, in accordance with the weighted voting formula described in Section 9 (c ) of this Agency Agreement , and (B ) such city deposits with the Board of Directors or agrees to deposit with the Board of Directors an amount equal to a share of the costs and expenses incurred by, the Municipal Power Agency and payable from assessments prior to the date of admission of such city as a Member of the Municipal Power Agency, as determined by the vote of a majority of the Representatives of than existing Members, each casting one vote. ( 3 ) The Board of Directors shall, by resolution determine whether admission is approved by the required majorities of the determines , s al ' e gerri� Representatives , and , if it sa ,esolutian and_ the co ies of solution an Cit Cou esolution with the secretary of State . ( 4 ) Upon such filing, the city shall become a Member of the Municipal Power Agency for all purposes of the Act , this Agency Agreement and the Bylaws , and shall have the same righ-s , duties and obligations hereunder as the Cities constituting the initial members. Any Member may withdraw from the Municipal Power Agency upon the allowing condition ; : (i ) the Member or its Representative shall have filed with the Board of Directors and the Secretary of s Late a certified copy of a Commission Resolution and , if the city is one in which the Commission is not the body charged by law with the general control of the city' s governmental affairs, a certified copy of a City Council Resolution expressing its desire to so withdraw, ( ii ) if the Municipal Power Agency ,, prior to the filing of such Commission Resolution and City Council Resolution , shall have incurred any obligation payable from assessments in accordance with section 9 ( 1 ) hereof which obligation matures after the date of such filing , the withdrawing Member shall have paid , or made arrangements satisfactory to the Board of Directors to pay , to the Municipal Power Agency its pro rata par-ion of such obligation , determined in accordance with Section 9 ( I ) hereof , and ( iii ) if any obligations of the Municipal Power Agency shall be outstanding at the tame , no Member shall be permitted to withdraw from the Municipal. Power Agency , if such withdrawal would reduce the number of Members remaining in the Municipal Power Agency to less than two ( 2 ) . Upon compliance with the above provision, the wi-hdraw ing city shall no longer be considered a Member of the municipal Power Agency for any reason or purpose under this Agency Agreement or the Bylaws. The withdrawal of a Member from the Municipal Power Agency shall not affect any obligations under any contras- between the withdrawing Member and the Municipal Power Agency . - 6 -