5.4. ERMUSR 05-14-2013 - Laserfiche WebLink

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Nothing contained in this Agency Agreement or in the Bylaws shall be construed to prohibit any Member from (i ) executing one or more other agency agreements with other cities for the purpose of forming other Agencies under the Act or ( ii ) exercising the powers of an Agency as provided in Minnesota Statutes , Section 453 . 58 . Nothing contained in this Agency Agreement or in the Bylaws shall be construed to prohibit the Municipal Power Agency ftom joining an organization or association composed of other Agencies created pursuant to the Act . Any Member which has either defaulted under a contract with the Municipal Power Agency or failed to pay its assessments in accordance with Section 9 (I ) hereof , may be expelled from the Municipal Power Agency at an annual or special meeting of the Representatives by the affirmative vote of (a) a majority of all Representatives ( including the Representative or Representatives of the defaulting Member) , each casting one vote, and ( b) a majority of the total votes cast by such Representatives , in accordance with the weighted voting formula described in Section 9 (C ) of this Agency Agreement. The expulsion of a Member from the Municipal Power Agency shall not affect any obligations under any contract between the expelled Member and the Municipal Power Agency nor its obligation to pay any moneys previously assessed against such expelled Member. 4: i (B ) Matters Requiring Members ' Aooroval . No action on any of the following matters shall, be undertaken by the Municipal Power Agency except pursuant to a resolution adopted by Bo rd o of Directors and a• - .ved b the -e-re entatives , provided such approval of the Representatives may be giv-n by a resolution adopted by the Representatives which is general in scope and continuous in nature and may delegate to the Board of Directors the power to take any and all action reasonably necessary or esiram.e t. - - - - - • - - of the resolution: (1 ) The issuance of bonds or notes of the Municipal Power Agency. ( 2) The execution by the Municipal Power Agency of any contract payable primarily from assessments, when such contract by its terms will not expire prior to the end of the Fiscal Year in which it is executed . ( 3 ) The incurrence by the Municipal Power Agency of any financial obligation in excess of that which is budgeted for the Fiscal Year in which it is incurred . ( 4 ) The adoption and amendment of an annual operating budget, if such budget requires h assessment Agreement. to Me mber s , as p ovided in Secion9 () of thisAgency ( 5 ) The admission or expulsion of Members , as provided in Section 9 ( A) of this Agency Agreement. ent.