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BYLAWS <br /> OF <br /> THE ECONOMIC DEVELOPMENT AUTHORITY <br /> FOR THE CITY OF ELK RIVER, MINNESOTA <br /> PREAMBLE <br /> The Economic Development Authority for the City of Elk <br /> River (the Authority) was created by Resolution No. 87-63 of <br /> the City Council of the City of Elk River, adopted on the 7th <br /> day of October, 1987 , as authorized by Minnesota Statutes, <br /> Sections 469 . 090-469 . 108 . The purpose of the Authority is to <br /> serve as an Economic Development Authority pursuant to <br /> Minnesota Statutes and its affairs shall include, but not be <br /> limited to, promoting commercial and industrial growth and <br /> development in the City of Elk River. <br /> ARTICLE 1 . <br /> AUTHORITY <br /> 1 . 1 ) Name - The legal name of the Authority is "The <br /> Economic Development Authority for the City of Elk River. " <br /> #41, 1 .2 ) Office - The principal office of the Authority shall <br /> be the City Offices of the City of Elk River, unless otherwise <br /> determined by resolution of the Authority. <br /> 1 .3 ) Enabling Authority - The Authority shall exist and <br /> operate under the supervision of the City of Elk River, <br /> Minnesota (the City) , in accordance with Minnesota Statutes <br /> Sections 469 . 090 through 469 . 108 as amended and revised (the <br /> Statute) and Resolution No. 87-63 of the City Council of the <br /> City of Elk River (the Enabling Resolution) , as amended from <br /> time to time. <br /> 1 . 4 ) General Powers and Duties - The Authority shall be a <br /> public body corporate and politic and shall have all the powers <br /> necessary or convenient to carry out the purposes of an <br /> economic development authority, including the powers granted by <br /> the Statute. <br /> ARTICLE 2 . <br /> MEETINGS <br /> 2 . 1 ) Open to the Public - All meetings of the Authority <br /> shall be open to the Public and governed by the Minnesota Open <br /> Meeting Law, Minn. Stat . Section 471 . 705 . <br /> AIM <br /> 2 .2 ) Quorum - A majority of the Commissioners in office at <br /> any time shall constitute a quorum for all purposes . There <br />