Resolution 9482 - Laserfiche WebLink

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iii. Two NJPA Board Members' initial terms on the Board of Trustees will expire on December 31, 2016. One of those will be replaced by an appointee of the Advisory Committee and one will be replaced by an appointee of the NJPA Board. iv. One NJPA Board Member's initial term on the Board of Trustees will expire on December 31, 2017. That Board Member will be replaced by an appointee of the NJPA Board. V. The remaining two NJPA Board Members' initial terms on the Board of Trustees will expire on December 31, 2018. One of those will be replaced by an appointee of the Advisory Committee and one will be replaced by an appointee of the NJPA Board. 3.2 Upon Dissolution of the SC. In the event that the SC is dissolved, the Board of Trustees shall continue to exist and its members shall be elected or appointed solely from the governing bodies of the Participant Members to this Agreement in a manner consistent with the provisions of the Joint Powers Act, Minn. Stat. 471.59, Subd. 2. Any administrative services provided by the SC prior to its dissolution shall be provided thereafter as determined by the SC Board of Directors in its discretion. SECTION 4: RIGHTS AND RESPONSIBILITIES OF THE TRUSTEES 4.1 Authorized Powers. The Trustees will exercise all lawful powers and duties necessary and incidental to the implementation of the purposes set forth herein, including, but not limited to, the adoption of by-laws to govern the functioning of the Board of Trustees, provided that no by-law or action of the Trustees will be contrary to the terms of this Agreement or statute. Pursuant to Minn. Stat. 471.59, Subd. 2, in addition to any other powers specifically delegated to the Trustees by this Agreement, the Trustees are hereby authorized to: adopt by-laws to guide the processes of the Trustees sufficient to support the day-to-day operations of the Risk Management Pool; ii. approve the annual budget; contract with other parties for the provision of programs, services, expertise or as otherwise necessary for the effective operation of the Board of Trustees and the Risk Management Pool. iv. establish, procure and administer Group Employee Benefits and Other Financial and Risk Management Services; V. define and clarify requests for proposals, rights and responsibilities, length of contract, premium or contribution rates and other costs, termination guidelines, the relative liability of the parties, and the method(s) by which parties to this Agreement shall exercise their common powers; vi. receive, collect, hold, invest, expand, disburse, and account for Program Funds in connection with the exercise of its powers under this Agreement; and Rev, 712015