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KI XII. DURATION <br /> Section 1. The Commission shall continue for an indefinite tern unless the number of Members <br /> shall become less than five. The Commission may also be terminated by mutual agreement of all <br /> of the Members at any time. <br /> Section 2. In order to prevent obligation for its financial contribution to the Commission for the <br /> ensuing year, a Member shall withdraw from the Commission by filing a written notice with the <br /> secretary by October 15 of any year giving notice of withdrawal effective at the end of that <br /> calendar year; and Membership shall continue until the effective date of the withdrawal. Prior to <br /> the effective date of withdrawal a notice of withdrawal may be rescinded at any time by a <br /> Member. If a Member withdraws before dissolution of the Commission, the Member shall have <br /> no claim against the assets of the Commission. A Member withdrawing after October 15 shall be <br /> obligated to pay its entire contribution for the ensuing year as outlined in the budget of the <br /> Commission for the ensuing year. <br /> Section 3. In the event of dissolution, the Commission shall determine the measures necessary to <br /> affect the dissolution and shall provide for the taking of such measures as promptly as <br /> circumstances permit, subject to the provisions of this agreement. Upon dissolution of the <br /> Commission all remaining assets of the Commission, after payment of obligations, shall be <br /> distributed among the then existing Members in proportion to the most recent Member by <br /> Member breakdown of the franchise fee as reported by the Grantee. The Commission shall <br /> continue to exist after dissolution for such period, no longer than six months, as is necessary to <br /> wind up its affairs but for no other purpose. IN WITNESS WHEREOF, the undersigned <br /> municipality has caused this agreement to be signed on its behalf this 6th day of October 1983. <br /> IN WITNESS WIEREOF the undersigned municipality has caused this <br /> Agreement to be signed on its behalf the day of 1997. <br /> A TTEST: <br /> Mayor <br /> City Official ) n qT T ESSED n ": <br /> C: \CABLE \NCSCCCVT- MASX5.CMB - November 25, 1997 <br /> 8 <br />