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<br />BYLAWS <br /> <br />OF <br /> <br />ROSEVILLE LOCAL DEVELOPMENT CORPORATION <br /> <br />AR1.'ICLE I <br /> <br />OFFICES2__~QgJ~)QR:ATE__~EAL <br /> <br />Section 1.1. Registered Office. The registered office of <br />the corporation in the State of Minnesota shall be located in the <br />city, town, or other community specified in the Articles of Incor- <br />poration or any amendment or restatement thereof or in a certifi- <br />cate of change of registered office filed wi th the Secretary of <br />State of Minnesota. <br /> <br />Section 1.2. Other Offices. The corporation may have such <br />other off ices, wi th:Ci1""- or wi thout the State of Minnesota, as the <br />Board of Directors may from time to time determine. <br /> <br />Section 1. 3. <br />corporate seal. <br /> <br />Seal. <br /> <br />The corporation shall not have a <br /> <br />ARTICLE II <br /> <br />MEMBERS <br /> <br />Section 2.1. Qualification~ Number. The articles of <br />incorporation provide that the directors of the corporation shall <br />be the only members of the corporation. Accordingly, the <br />qualifications of members shall be those of directors, and the <br />number of members shall be I imi ted to the number of persons who <br />shall, from time to time, compromise the board of directors as <br />provided in Section 3.2 hereof. <br /> <br />Section 2.2. Property and Voting Rights. No member shall <br />have any right, title, or interest in or to any of the property or <br />assets of the corporation and, in accordance wi th the articles of <br />incorporation, members shall have voting rights only as directors. <br /> <br />Section 2.3. Meetings. Since the directors are the only <br />members of the corporation and have voting rights only as directors <br />and not as members, there shall be no meetings of the members as <br />such. <br />