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ARTICLE 12. <br /> WITHDRAWAL <br /> 12.1) Withdrawal - Any Member or Associate Member may withdraw from this <br /> Agreement effective on January 1 of any year by giving notice pursuant to Section 2 <br /> of this Article prior to September 15 of the preceding year. <br /> 12.2) Notice - In order to effectuate a withdrawal, a Member or Associate Member <br /> withdrawing from the Commission shall give written notice to the Chair of the <br /> Commission, served personally on the Chair or addressed to the Chair at the <br /> address shown on the records of the Commission, and by giving with such notice, a <br /> copy of a resolution of its Council stating its decision to withdraw from the <br /> Commission. The withdrawal shall be effective upon actual receipt by the Chair of <br /> such notice and resolution. The withdrawing Member shall have the responsibility <br /> for such actual receipt by the Chair. Upon receipt of such notice and resolution, the <br /> Chair of the Commission shall forward a copy of the notice and resolution to each <br /> Director. <br /> 12.3) Financial Effect of Withdrawal -- No financial benefit shall inure to a Member or <br /> Associate Member that withdraws from this Commission nor shall there be any <br /> reimbursement for any contribution made or required of the withdrawn Member by <br /> this Agreement. <br /> ARTICLE 13. <br /> AMENDMENTS <br /> 13.1) This agreement may be amended only by the written approval of the City Councils <br /> of each member city. <br /> ARTICLE 14. <br /> DISSOLUTION <br /> 14.1) Duration of Commission - The Commission shall be dissolved if less than four (4) <br /> Members remain, or by operating of state or federal law or regulation, now or <br /> hereafter enacted, or by-mutual signed agreement of all of-the Members. <br /> 14.2) Distribution of Assets -Upon dissolution of the Commission, all remaining assets <br /> of the Commission, after payment.of all obligations, shall be distributed among the <br /> Members that are Members to the Agreement at the time of dissolution, in <br /> proportion to their contributions and in accordance with procedures established by <br /> the Commission.. The Commission shall continue to exist after dissolution for such <br /> 8 <br />