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BYLAWS <br />OF <br />ROSEVILLE LOCAL DEVELOPI�NT CORPORATION <br />ARTICLE I <br />OFFICES; CORPORATE SEAL <br />Section 1.1. Reqistered 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 with the Secretary of <br />State of Minnesota. <br />Section 1.2. Other Offices. The corporation may have such <br />other offices, within or without the State of Minnesota, as the <br />Board of Directors may from time to time determine. <br />Section 1.3. Seal. The corporation <br />corporate seal. <br />ARTICLE II <br />MEMBERS <br />shall not have a <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 inembers shall be those of directors, and the <br />number of inembers shall be limited 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 />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 with the articles of <br />incorporation, members shall have voting rights only as directors. <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 />