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toThe Authority turned to the consideration of reimbursing officers of EXPENSES <br /> the Authority for expenditures made on behalf of the Authority. The <br /> Chairman stated it is expected that certain officers of the Authority <br /> will incur expenses on behalf of the Authority. Travel expenses incurred <br /> by the Commissioners including mileage, meals and lodging shall be reim- <br /> bursed by the Authority. Upon motion duly made and seconded, the follow- <br /> ing resolution was unanimously adopted: <br /> RESOLVED, that the Commissioners shall be reimbursed for such <br /> expenses upon the presentation of expense accounts except for <br /> expenses which are not susceptible to usual accounting methods <br /> employed by the Authority for which the Commissioners shall not <br /> be entitled to reimbursement. <br /> The Authority then considered the necessity of designating a depo- DEPOSITORY <br /> sitory for the funds of the Authority. Upon motion duly made and <br /> seconded, the following resolution was unanimously adopted: <br /> • RESOLVED, that the Bank of Elk River designated in the cor- <br /> porate resolution attached hereto and made a part hereof by <br /> reference is hereby designated as a depository of the Authority <br /> and the terms and conditions of said banking resolution are <br /> hereby adopted. The Chairman and Secretary are hereby autho- <br /> rized and directed to execute said banking resolution and such <br /> other documents as the depository may require to implement this <br /> resolution. <br /> The Chairman announced that the next item on the agenda was consi- INSURANCE <br /> deration of insurance for the officers and directors. He stated that <br /> City policies should endorse officers and directors liability insurance <br /> to cover members of the Authority. <br /> The next order of business was the discussion of an official news- NEWSPAPER <br /> paper for the Authority. After discussion, the Sherburne County Star <br /> News was approved as the official newspaper of the Authority. <br /> The last item of business to be considered was a budget request to BUDGET <br /> be given to the City Council. A $5,000 request to the City Council was <br />