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accordance. with normal and accepted accounting procedures and principles used by <br />Minnesota Statutory Cities. <br />XI. WRATION <br />Section 1. The Commission shall continue for an indefinite term <br />unless the number of members shall beanie less than five. The Commission may <br />also be terminated my mutual agreement of all of the members at any time. <br />Section 2. In order to prevent obligation for its financial contribu- <br />tion to the Commission for the ensuing year, a member shall withdraw from the <br />Commission by filing a written notice with the secretary by October 15 of any <br />year giving notice of withdrawal effective at the end of that calendar year; and <br />membership shall continue until the effective date of the withdrawal. Prior to <br />the effective date of withdrawal a notice of withdrawal may be rescinded at any <br />time by a member. If a member withdraws before dissolution of the Commission, <br />the member shall have no claim against the assets of the Commission. A member <br />withdrawing after October 15 shall be obligated to pay its entire contribution <br />for the ensuing year as outlined in the budget of the Ccmdssion for the ensuing <br />year. <br />Section 3. In the event of dissolution, the Crnmission shall deter- <br />mine the measures necessary to affect the dissolution and shall provide for the <br />taking of such i—wasnres as pLay'ly as circumstances permit, subject to the pro- <br />visions of this agreement. Upon dissolution of the Commission all remaining <br />assets of the Commission, after payment of obligatiois, shall be distributed <br />among the then existing members in proportion to the most recent member by <br />member breakdown of the franchise fee as reported by the Grantee. The <br />enmni3Rinn shall, rrmtinue to evi_t-aft.^r dinsoluti6i, firr suul period, no longer <br />than six months, as is necessary to wind up its affairs but for no other <br />purpose. <br />-9- <br />