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DRAFT POLICY (12-05-16) <br /> ELK RIVER MUNICIPAL UTILITIES - COMMISSION POLICY <br /> Category: GOVERNANCE Title: _ COMMISSION AUTHORITIES AND <br /> G REPSONSIBILITIES <br /> Date of Adoption: Policy Reference: G-1.2 <br /> Purpose: <br /> With this policy, the Commission acknowledges that its authorities and responsibilities derive <br /> from State of Minnesota Statutes Chapter 412 with respect to incorporation, Commission <br /> structure and composition, and exercise of corporate powers by the Commission in the operation <br /> of ERMU's electric and water utilities. <br /> Policy: <br /> The Commission will govern ERMU for the purposes enumerated in its enabling legislation and <br /> policies, exercising its authorities within the limits established by law. The Commission will <br /> review from time to time and, if necessary, revise its governance policies and By-laws to be <br /> consistent with each other, with any applicable changes in the law, and with current accepted <br /> municipal utility enterprise and business practices. <br /> Elk River ---- <br /> Municipal Utilities <br /> p4 <br />