CC PACKET 11241987 - Laserfiche WebLink

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writing to the members. Its books and records shall be available for- and open to examinatica by its members at all reasonable times. Section B. It shall establish the annual budget for the organiza- tion as provided in this agreement. Section 9. It may delegate authority to the executive committee of the- board, between board meetings. Such delegation of .authority shall. be by resolution of the board and may be conditioned in such manner as the board may determine. Section 10. It may accumulate and maintain reasonable working capital reserves and may invest and reinvest funds not currently needed for the purposes of the organization. Such investment and reinvestment shall be in accordance-with and subject to the laws applicable to the investment of village funds. Section 11. It shall make its data processing and management in- formation systems available to its members, subject to reasonable charges for the development and processing thereof. Section 12. It may pay the reasonable and necessary expenses of officers, directors and alternates incurred in connection with their duties as such, but this shall not include the expenses of attending meetings of LOGIS within the seven county twin city metropolitan area. Section 13. It may provide for any of- its employees to be members of the Public Employees Retirement Association and may make any required employer contributions to that organization and any other employer con- tributions which municipalities are authorized or required by law to make. Section 14. It may purchase public liability insurance and such other bonds or insurance as it may deem necessary. Section 15. It may exercise any other power necessary and incidental to the implementation of its powers and duties. VII. OFFICERS Section 1. The officers of the board shall consist of a president, a vice-president and a secreta.rv-treasurer who shall be elected at the regular annual meeting of the board held in even numbered years after 1972. New officers shall take office at the adjournment of the annual meeting of the board at which they are elected. Section 2, A vacancy shall immediately occur in the office of anv officer upon his resignation, death or upon his ceasing to be an employee of his member governmental unit. Upon vacancy occurring in any office, the executive committee shall fill such position until the next meeting of the board. Section 3, The three officers shall all be members of the executive committee. -5-