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<br />t <br /> <br />*I XII. DURATION <br /> <br />Section 1. The Commission shall continue for an indefInite term 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 /> <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the effective date of withdrawal a notice of withdrawal may be rescinded at any time by a 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 /> <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 /> <br />IN WITNESS WHEREOF. the undersiped municipality has caused this <br />Aereement to be siped on its behalf the day of . 1997. <br /> <br />ATTEST: <br /> <br />Mayor <br /> <br />City Official WITNESSED BY: <br /> <br />C:\CABLE\NCSCCarr-~S#5.CMP - November 25, 1997 <br /> <br />8 <br />