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4 <br />Resolution Authorizing Participation in Dram Shop Insurance Study <br />WHEREAS, the League of Minnesota Municipalities proposes to engage a <br />consultant to perform a complete study of the problem of unavailability, <br />costs, and alternatives for .providing municipal liquor dispensary <br />operations with::dram shop liability insurance, <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY (VILLAGE) Council OF THE CITY (VILLAGE) <br />OF ELK RIVER, Minnesota: <br />1. The city (village) agrees to participate in such study -of dram shop insurance. <br />2. Net revenue of the municipal liquor store for 1970 was $ 7,058.73 <br />3. The financial participation of the city (village) shall be in the amount of <br />$ 50.00 to be paid out of the liquor store fund upon notification that a <br />sufficient commitment from other municipalities has enabled such study. <br />Adopted by the Council this '1st. day of May. 1972. <br />G� <br />Mayor <br />(Village , der) <br />ViTl-aZe-- :1 1 t'—Treasurer <br />