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11 which the granting Member would otherwise have to pay. The Board may also enter into an 583 agreement, as a condition to any such grant, that it will credit all or a portion of such grant towards 584 charges which have been made or in the future may be made against one or more specified 585 Members. 586 587 Section 9.7. Expenditures. Board funds may be expended by the Board in accordance 588 with procedures established by law for the expenditure of funds by cities. Orders, checks, drafts 589 and other legal instruments shall be signed by the chair or vice-chair and countersigned by the 590 secretary or such other person as shall be designated by the Board. 591 592 Section 9.8. Contracts. Contracts shall be let and purchases shall be made in accordance 593 with the legal requirements applicable to contracts and purchases by Minnesota cities. 594 595 ARTICLE X 596 WITHDRAWAL 597 598 Section 10.1. Notice of Withdrawal. Any Member may at any time prior to June 1 of a 599 given year, give written notice of withdrawal from Metro-INET. Written notice of withdrawal 600 submitted prior to June 1 shall be a timely withdrawal and the Member shall not be responsible for 601 its share of the next year’s budget not already made the obligation of the Member by a prior, multi-602 year budget commitment approved by the Board. The withdrawing Member’s financial obligation 603 prior to withdrawal upon timely notice will be based on the Charge 1, 2 and 3 Charges outstanding 604 for the remainder of the calendar year and additional years for which the Board committed Metro-605 INET to such financial obligation while the Member was with Metro-INET as a Member. In such 606 case the Member shall be responsible for the net present value of its a pro rata share of such 607 commitment. Written notice of withdrawal after June 1, shall be untimely for purposes of 608 withdrawal prior to the next calendar year but shall serve as notice for withdrawal effective the 609 year following. A Member’s nonpayment of charges as set forth herein or its failure to comply 610 with Metro-INET operational security requirements or other policy prescribed by the Board, 611 without cure after written notice and a reasonable time to cure, shall constitute the Member’s notice 612 of withdrawal from Metro-INET as determined by the Board pursuant to Section 4.8 at a regular 613 or special meeting. All Member withdrawals shall take effect at the end of the applicable fiscal 614 year, unless otherwise provided by the Board. 615 616 Section 10.2. Claim to Assets upon Withdrawal. A Member’s withdrawal from Metro-617 INET at a time when such withdrawal does not result in dissolution of the organization shall forfeit 618 the Member’s claim to any assets of the organization except that it shall have access to any 619 software developed for its use while it was a Member in accordance with and subject to the 620 provisions of Article XIII, Section 13.5(b). 621 622 Section 10.3. Financial Obligations upon Withdrawal. Upon withdrawal the Member 623 shall continue to be responsible (1) for all of its prorated share of any unpaid Class 2 Charges; (2) 624 for its share of Class 1 Charges to the effective date of withdrawal; (3) for its share of any Class 3 625 Charges to the effective date of withdrawal; and (4) for any contractual obligations it has separately 626 incurred with Metro-INET. 627 628