Resolution 8078 - Laserfiche WebLink

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powers and duties of an executive committee may be adopted only by a favorable vote of all members of the board. ARTICLE VIII: POWERS AND DUTIES Section 1. The board may take such actions, as it deems necessary and convenient to accomplish the general purposes of this agreement. Section 2. The board may: (a) Enter into contracts to carry out its powers and duties. (b) Employ and/or hire such persons as it deems necessary on a part-time, full- time or consultant basis. (c) Purchase and hold personal property and accounts. (d) Contract for space, commodities or services. (e) accept gifts, apply for and use grants or loans of money or other property from the state, the United States of America, and from other governmental and non- governmental units and may enter into agreements in connection therewith and hold, use and dispose of such money or property in accordance with the terms of the gift, grant, loan or agreement relating thereto. (f) Purchase liability insurance to insure against liability of the organization and its constituent members. ARTICLE IX: FINANCIAL MATTERS Section 1. The fiscal year of the North Metro I-35W Corridor Coalition is the calendar year. Section 2. The Board shall adopt an annual membership fee schedule and operating budget prior to November 1 of the preceding year. The board will give an opportunity to each member to comment or object to the proposed membership fee schedule and operating budget before adoption. Notice of the adopted membership fee schedule and operating budget must be mailed promptly thereafter to the chief administrative officer of each member. The membership fee schedule and operating budget for any year is deemed approved by each member unless, prior to November 30th of the preceding year a member gives written notice to the Secretary- Treasurer that the member is withdrawing at the end of the year as provided in the Agreement. Section 3. Operational costs shall be shared according to the following formula: 5