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<br />ARTICLE V <br />PROHIBITED ACTS <br /> <br />Other than to members that are subdivisions, units, Of agencies of the United States or a <br />state Of local government, the Corporation shall in no way, directly or indirectly, incidentally or <br />otherwise, afford pecuniary gain, dividends, or other pecuniary remuneration to any of its <br />members, directors, or officers, as such, nor shall any part of the net earnings of the Corporation <br />in any way inure to the private benefit of such member, director or officer of the Corporation, or <br />to any private individual; provided, however, that the Corporation shall be authorized to make <br />reasonable allowance and payment for actual expenditures incurred or services rendered to or for <br />the benefit of the Corporation. The Corporation shall not lend money to, guarantee, or pledge its <br />assets as security for an obligation of, become a surety for, or otherwise financially assist any <br />person or organization, except as permitted by Minnesota Statutes Section 317 A. 50 1 and as <br />permitted by Article IV above. <br /> <br />ARTICLE VI <br />INCORPORA TOR <br /> <br />The name and post office address of the person who is the sole Incorporator of the <br />Corporation is: <br /> <br />Peter L. Cooper, Esq. <br />McGrann Shea Anderson Carnival <br />Straughn & Lamb, Chartered <br />800 Nicollet Mall, Suite 2600 <br />Minneapolis, MN 55402-7035 <br /> <br />ARTICLE VII <br />MEMBERS <br /> <br />The Corporation shall have members. The initial members of the Corporation shall be <br />the municipal utilities of the following cities in the State of Minnesota: <br /> <br />[TO COME] <br />