Agenda Packets - 1984/02/27 - Laserfiche WebLink

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XII. WITHDRAWAL Section 1. Withdra_wal. Any Member may withdraw from this , Agreement effective on January 1 of any year by giving notice pursuant to Section 2 of. this Article prior to September 15 of the preceding year. Section 2. Notice. In order to effectuate a withdrawl, a Member withdrawing from the Commission shall give written notice to the Chairman of the Commission, served personally on the Chair- man or addressed to the Chairman at the address shown on the records of the Commission, and by giving with such notice, a certified copy of a resolution of its Council stating its decision to withdraw Yrom the commission. •nce w.uudrawal aiiaii Lc c: rGC'LiY"c uYou actual receipt by the Chairman of such notice and resolution. The with- drawing Member shall have the responsibility for such actual receipt by the Chairman. Upon receipt of such notice and resolution, the Chairman of the Commission shall forward a copy of the notice and resolution to each Director. Section 3. Financial Effect of Withdrawl. No financial benefit shall inure to a Member that withdraws from this Commission nor shall there be any reimbursement for any contribution made or required of the withdrawn Member by this Agreement. XIII. AMENDMENTS Section 1. Amendments. This Agreement may be amended only by written amendment entered into by a majority of the then Members to this Agreement in the same manner as this Agreement is entered into pursuant to Article VI hereof. XIV. DISSOLUTION Section 1. Duration of Commission. The Commission shall be dissolved if less than four (4) Members remain, or by operation of State or Federal law or regulation, now or hereafter enacted, or by mutual signed agreement of all of the Members. Section 2. Distribution of Assets. Upon dissolution of the Commission, all remaining assets of the Commission, after payment of all obligations, shall be distributed among the Members that are Members to the Agreement at the time of dissolution, in pro- portion to their contributions and in accordance with procedures established by the Commission. The Commission shall continue to exist after dissolution for such period, no longer than six (6) months, as is necessary to wind up its affairs, but for no other purposes.