Agmt96 joint powers agreement - Laserfiche WebLink

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ARTICLE XVII WITHDRAWAL A Member Entity may not withdraw from the Auiliority for a period of three (3) consecutive fiscal years after commencement of membership. After the initial three (3) year noncancellable period, a Member Entity may withdraw from the Authority only at the end of a fiscal year, provided it has given the Authority at least six months written notice of its intent to withdraw. A notice of intent to withdraw shall be final and irreversible upon its receipt by the Authority unless the Board authorizes it to be rescinded by the Member Entity. The withdrawal of a Member Entity from any class of membership in the Authority shall not terminate its responsibility, as defined by any of the Governing Documents of the Authority, to contribute its share of premiums or funds to any fund or coverage program created by the Authority in which the withdrawing Member Entity has participated. ARTICLE XVIII EXPULSION The Authority may expel a Member Entity from any class of membership in the Authority by a two-thirds vote of the Board of Directors for a breach of any of the Governing Documents determined by the Board to be a material breach. Such expulsion shall automatically, and simultaneously, terminate the Member Entity's participation in any and all Programs in which it may be a Program participant. The procedure for hearing and notice of expulsion of a Member 'Entity shall be as provided in the Authority Bylaws. The expulsion procedures from any Program shall be defined in the Governing Documents for that Program. The expulsion of a Member Entity from any class of membership in the Authority shall not terminate its responsibility, as defined by any of the Governing Documents of the Authority, to contribute its share of premiums or funds to any fund or coverage Program created by the Authority in which the expelled Member Entity has participated. ARTICLE XIX TERMINATION AND DISTRIBUTION This Agreement may only be terminated by the written consent of all Member Entities. Thereafter, this Agreement may be terminated by the written consent of two-thirds of the Member Entities. However, this Agreement and the Authority continue to exist after termination for the purpose of disposing of all claims, distribution of assets, and all other functions necessary to conclude the obligations and affairs of the Authority. -9- -- 'r"