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Board. Any person� may be engaged to perform such services under his/her supervision and direction, <br />`� when authorized by the Board. He/She shall post a fidelity bond or other insurance against loss of <br />organizational funds in an amount approved by the Board, at the expense of the Commission. Said <br />Fidelity bond or other insurance shall cover all persons authorized to handle funds of the Commission. <br />Section 6. The Board may appoint such other officers as it deems necessary. All such officers <br />shall be appointed from the membership of the Board. <br />Section 7. The Board may appoint such commissions and groups as it deems necessary or <br />desirable to accomplish its purposes. <br />ARTICLE 9. FINANCIAL MATTERS. <br />Section 1. Commission funds may be expended by the Board in accordance with the <br />procedures established by law for the expenditure of funds by statutory cities and townships. Orders, <br />checks and drafts must be signed by any two (2) officers. Other legal instruments shall be executed <br />with authority of the Board, by any two (2) officers. <br />Section 2. Fees paid by the Grantee shall go to the Heartland Cable Commission and be used <br />by the Commission iil the performance of it's work �� Yu� u�: �°����' �ra � ,,,r�,.,t �.�*�. ��a ° <br />Section 3. Upon dissolution of the Commission, any funds remaining shall be returned to the <br />�' Parties pro-rated by the number of subscribers in each municipality on the date of dissolution. <br />Section 4. Any Director may inspect and copy the Commission books and records at any and <br />all reasonable times. All books and records shall be kept in accordance with normal and accepted <br />accounting procedures and principles used by Minnesota statutory cities and townships. <br />ARTICLE 10 DURATION. The Commission shall survive until dissolved by majority vote of <br />the Parties. Any party may withdraw at any time with written notice to the Commission's <br />Secretary/Treasurer. No Commission funds shall be paid to a withdrawing party without the consent of <br />the Board or as provided in Article 9, Section 3. <br />Passed and adopted by the Pequot Lakes City Council this 1 St Day of February, 2011. <br />ATTEST: <br />Sandra A. Peine, City Clerk <br />.� <br />Nancy A. Adams, Mayor <br />