Laserfiche WebLink
9a. Attachment B <br />BYLAWS OF THE <br />ECONOMIC DEVELOPMENT AUTHORITY <br />ARTICLE I - THE AUTHORITY <br />Section 1. Name of Authority. The name of the Authority shall be the “Roseville <br />Economic Development Authority.” <br />Section 2. Office of Authority. The office of the Authority shall be at the City Hall <br />in the City of Roseville, State of Minnesota, but the Authority may hold its meetings at such <br />other place or places as it may designate by resolution. <br />Section 3. Seal of Authority. The seal of the Authority shall be in the form of a <br />circle and shall bear the name of the Authority and the year of its organization. <br />Section 4. Establishment. The Roseville Economic Development Authority is <br />established pursuant to Minnesota Statutes, Section 469.090 to 469.1081, as amended (the <br />“Act”), as memorialized in the City of Roseville Resolution Enabling the Creation of the <br />Roseville Economic Development Authority dated November 30, 2015 and as it may be <br />amended (the “Enabling Resolution”). The provisions of these Bylaws are intended to be <br />consistent with the terms of the Act and Enabling Resolution, and in the case of any actual or <br />apparent conflict, the terms of the Act and Enabling Resolution shall control. <br />ARTICLE II - THE COMMISSIONERS <br />Section 1. Appointment, Terms, Vacancies, Pay, and Removal. Shall be in <br />accordance with the Enabling Resolution. <br />ARTICLE III - THE OFFICERS <br />Section 1. Officers. The Authority shall elect a president, a vice president, a <br />treasurer, a secretary, and an assistant treasurer at the annual meeting. A commissioner must not <br />serve as president and vice president at the same time. The other offices may be held by the <br />same commissioner. The offices of secretary and assistant treasurer need not be held by a <br />commissioner. <br />Section 2. President. The President shall preside at all meetings of the Authority. <br />Except as otherwise authorized by resolution of the Board of Commissioners, the President and <br />the Executive Director (the Assistant Treasurer, in the Executive Director’s absence or <br />incapacity) shall sign all contracts, deeds, and other instruments made or executed by the <br />Authority, except that all checks of the Authority shall be signed by the President and Assistant <br />Treasurer. At each meeting the President shall submit such recommendations and information as <br />he or she may consider proper concerning the business, affairs, and policies of the Authority. <br />1 <br />472507v13 MNI RS275-10 <br /> <br />