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Resolution 1812
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Resolution 1812
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7/8/2008 7:46:03 AM
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6/24/2008 4:16:44 PM
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<br /> . J <br />" <br />VIII. WITHDRAWAL <br /> Section 1. Any member may at any time give notice of withdrawal <br /> from the Consortium by submitting such intent in writing to the <br /> Board. The nonpayment of charges as set forth herein, and the <br /> refusal or declination of any member to be bound by any obligation <br /> to the organization shall also constitute notice of withdrawal. <br /> a) Actual withdrawal shall not take effect .for a period <br /> of forty-five (45) days from the date of such noti- <br /> fication. <br /> b) Upon effective withdrawal the member shall continue to <br /> be responsible (1) for all of its prorated share of any <br /> unpaid Class 2 obligations, (2) for its share of Class <br /> 1 charges to the effective date of withdrawal, (3) for <br /> its share of any Class 3 charges to the effective date <br /> of withdrawal and (4) for any contractual obligations <br /> it has separately incurred with the Consortium. <br /> section 2. A member withdrawing from membership at a time when <br /> such withdrawal does not result in dissolution of the organization <br /> shall forfeit its claim to any assets of the organization except <br /> that it shall have access to any software developed for its use <br /> while it was a member, in accordance with and subject to the pro- <br /> visions of Article IX, Section 5, Paragraph (b) . <br />IX. DISSOLUTION <br /> Section 1. The organization shall be dissolved upon a favorable <br /> vote of two-thirds of all members. <br /> Section 2. In the event of dissolution the Board shall determine <br /> the measures necessary to effect the dissolution and shall provide <br /> for the taking of such measures as promptly as circumstances per- <br /> mit and subject to the provisions of this agreement. <br /> Section 3. Upon dissolution the remaining aSE;ets of the Consor- <br /> tium, after payment of all obligations, shall be distributed among <br /> the then existing members in proportion to their contributions, <br /> as determined by the Board, provided that computer software pre- <br /> pared for such members shall be available to them, subject to such ~ <br /> reasonable rules and regulations as the Board shall determine. <br /> Section 4. If, upon dissolution, there is an organizational deficit, <br /> such deficit shall be charged to and paid by the members and former <br /> members on a pro rata basis, based upon the Class 1, 2 and 3 charges <br /> incurred by such members and former members. <br /> Section 5. In the event of dissolution the following provisions <br /> shall govern the distribution of computer software owned by the <br /> organization: <br />
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