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1 <br /> • EXHIBIT A <br /> BY-LAWS OF THE ECONOMIC DEVELOPMENT AUTHORITY <br /> IN AND FOR THE <br /> CITY OF , MINNESOTA <br /> 1. The Authority <br /> Section 1.1. Name of the Authority. The name of the Authority shall be <br /> the Economic Development Authority in and for the City of , <br /> Minnesota (hereinafter, the "Authority"), and its governing body shall be called the <br /> Board of Commissioners (hereinafter, the "Board"). <br /> .Section 1.2. Office. The principal office of the Authority shall be the <br /> City Hall. <br /> Section 1.3. Seal. The Authority shall have an official seal. <br /> 2. Organization <br /> Section 2.1. Officers. The officers of the Authority shall consist of a <br /> President, a Vice President, a Secretary, a Treasurer, an Assistant Treasurer, an <br /> Executive Director, and a Clerk. The President, the Vice President, and the <br /> • Treasurer shall be members of the Board and shall be elected annually, and no <br /> Commissioner may serve as President and Vice President at the same time. The <br /> offices of Secretary, Assistant Treasurer, Executive Director and Clerk need not <br /> be held by a Commissioner. <br /> Section'2.2. President. The President shall preside at all meetings of the <br /> Board. <br /> Section 2.3. Vice President. The Vice President shall preside at any <br /> meeting of the Board in the absence of the President and may exercise all powers <br /> and perform all responsibilities of the President if the President cannot exercise or <br /> perform the same due to absence or other inability. <br /> Section 2.4. President Pro Tem. In the event of the absence or inability of <br /> the President and the Vice President at any meeting, the Board may appoint any <br /> remaining Commissioner as President Pro Tem to preside at such meeting. <br /> Section 2.5. Treasurer. The Treasurer shall receive and be responsible for <br /> Authority money, shall disburse authority money by check only, keep an account of <br /> all Authority receipts and disbursements and the nature and purpose relating <br /> thereto, shall file the Authority's financial statement with its secretary at least <br /> once a year as set by the Authority, and be responsible for the acts of the assistant <br /> treasurer. <br /> Section 2.6. Assistant Treasurer. The Assistant Treasurer shall have all <br /> • the powers and duties of the Treasurer if the Treasurer is absent or disabled. <br /> A-1 <br />