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SECTION XII <br /> DURATION, DISSOLUTION OF THE <br /> - DISTRICT <br /> 12.1 DURATION Unless dissolved pursuant to this agreement, the duration of the <br /> District shall be perpetual. <br /> 12.2 Dissolution. The District shall be dissolved when a majority of member cities' city <br /> councils have voted in favor of dissolution. <br /> 12.3 Upon unanimous agreement for dissolution, each member city shall <br /> continue payments and operate as a full participant in the District for a one (1) year <br /> period, so that dissolution can occur in an orderly fashion. <br /> SECTION XIII <br /> DISTRIBUTION OF EQUIPMENT UPON TERMINATION <br /> OR <br /> DISSOLUTION <br /> 13.1 Process. <br /> (a) Upon dissolution, termination or withdrawal from the District by a member, or <br /> members of the District, the following procedure shall be used to distribute the <br /> equipment and personal property of the Department, and other related equipment. <br /> Distribution will only occur after all Department debts and long term expenses <br /> have been satisfied. <br /> (b) All property and equipment will be sold. <br /> (c) In addition, the financial records of the Department will be reviewed for the <br /> lesser of the life of the District or for the last 15 years, to determine the total <br /> dollar value of contributed equipment and other payments made by each member <br /> city. The Department will then determine the percentage of the total paid by each <br /> member city. <br /> The percentage of the total contributions over the applicable period will then be <br /> multiplied times the total dollars arrived at by sale of all equipment and personal <br /> property of the Department less any debts, and then distributed to the cities. <br /> SECTION XIV <br /> COUNTERPARTS <br /> This agreement may be executed in several counterparts and so executed shall <br /> constitute one agreement, binding on all of the parties hereto notwithstanding that all of <br /> 12 <br /> - <br />