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L <br />� <br />officer of the member shall file the copy of the agreement <br />and a certified copy of the authorizing resolution with the <br />city manager of the City of Columbia Heights. The resolution <br />authorizing the execution of the agreement shall also designate <br />the first director for the member on the Board. <br />Section 2. This agreement is effective on the date <br />when it has been authorized by governmental units in which <br />60 percent of Company's electric customers in the Metro Area <br />are located and when executed agreements and necessary <br />authorizing resolutions have been filed by the governmental <br />units as provided herein. <br />Section 3. Within thirty days after the effective date <br />of this agreement, the mayor of the City of Columbia Heights <br />shall call the first organizational meeting of the Board of <br />Directors, which shall be held not later than fifteen days <br />after such call. At the first organizational meeting of <br />the Board and at the annual meeting thereafter, the Board <br />shall select from its membership a chairman, a vice chairman, <br />a secretary-treasurer, and provide for the election of the <br />Executive Committee. <br />Section 4. At the organizational meeting, or as soon <br />thereafter as it may reasonably be done, the Board shall <br />adopt by-laws governing its procedures, which shall include <br />the time, place, and frequency of its regular meetings. m�e <br />Board shail meet at least annually on the first Tuesday in. <br />April and o� such other dates as may be provided in it� <br />5 <br />