ADDITION OF MEMBER DISTRICTS Sample Clauses

The 'Addition of Member Districts' clause defines the process by which new districts can be incorporated into an existing organization or consortium. Typically, this clause outlines the criteria for eligibility, the approval procedure—such as requiring a vote by current members or a formal application—and any obligations new districts must accept upon joining. Its core function is to provide a clear, standardized method for expanding membership, ensuring that growth occurs in an orderly and agreed-upon manner while maintaining the integrity and objectives of the group.
ADDITION OF MEMBER DISTRICTS. Any school district wishing to participate in the Cooperative which was not a signatory to the original Joint Powers Agreement may make application to the Cooperative for membership. A majority vote of the full membership of the school board of each member district of the Cooperative and a unanimous vote of the members of the Cooperative Board shall be required to accept the applicant district, and the member districts shall determine the terms, conditions and obligations of the applicant district upon acceptance, including any obligation of the applicant district for payment of bonded debt or other obligations theretofore incurred by the member districts of the Cooperative. Such terms, conditions and obligations or existing law may require the vote and consent of the applicant district prior to its taxable property becoming subject to taxation for payment of bonded debt previously incurred by the member districts for the Cooperative. Upon acceptance and compliance with all terms, conditions and obligations required by the member districts and upon adoption of an amendment to this Agreement pursuant to Section 6 of this Article, the applicant district shall be entitled to appoint, in the manner specified in Article II of this Agreement, the number of member to the Cooperative Board authorized by the member districts. The member appointed shall have the same authority, rights and powers, including voting rights, as other members of the Cooperative Board and the new member district shall have the same rights and obligations as other member districts, including the obligation for payment of tuition for its pupils attending or served by the Cooperative.
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ADDITION OF MEMBER DISTRICTS. Any school district, whether or not an original signatory, may become a member upon application to the Cooperative Joint Powers Board, with majority consent of the current Member Districts and subscription to this Agreement. Such applicants shall also agree to apply to the Cooperative, a prorata cost for the real and personal property owned by the Cooperative. This amount shall be determined by the Cooperative’s Joint Powers Board from the records it has maintained. Before any district is accepted to the Rum River Special Education Cooperative, the cost and fiscal responsibility shall be presented in writing to the district requesting membership. Membership shall become effective on the date of subscription to the Agreement.
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ADDITION OF MEMBER DISTRICTS. Any school district may become a member upon application to the Education District Governing Board, majority consent of the current member districts and subscription to the Agreement. Such applicants shall also agree to pay to the Education District a prorated share of the fund balance and the real and personal property owned by the Education District. This amount shall be determined by the Education District Governing Board from the records it has maintained. Before any district is accepted into the St. Croix River Education District, the cost and fiscal responsibility shall be presented in writing to the district requesting membership. Membership shall become effective on the date of subscription to this Agreement.
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ADDITION OF MEMBER DISTRICTS. Provided that the requirements under Minn. Stat. 123A.15, subd. 3, regarding member districts are satisfied, any school district, whether or not an original signatory, may become a member upon application to the Education District Board, unanimous consent of all members of the Education District Board, and subscription to this agreement. New member districts shall be required to pay to the Education District a depreciated prorated cost for its proportionate share of the real and personal property owned by the Education District, as of July 1 of membership entrance date—the cost of which, or any portion thereof, has been assessed against each of the members of the Education District, this amount shall be determined and approved by the ZED Governing Board. Before any member district is accepted into the Education District the total cost and fiscal responsibility must be unanimously approved by the ZED Governing Board and unanimously approved by the Superintendent Council and presented in writing to the district requesting membership.
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ADDITION OF MEMBER DISTRICTS. Any school district wishing to participate in the Cooperative which was not a signatory to the Joint Powers Agreement may apply to join pursuant to the terms of the Joint Powers Agreement. A new Member District's financial obligation for the Project Building shall be determined by the Governing Board of the Cooperative.
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Related to ADDITION OF MEMBER DISTRICTS

  • Dissociation of a Member The withdrawal, resignation, retirement, disability, expulsion, or bankruptcy of a member will terminate the membership of the member in the Company. Such a member will be deemed a “dissociated member.”

  • Limited Liability of Members No Member shall be liable for any debts or obligations of the Company beyond the amount of the Capital Contributions made by such Member.

  • Multi-Member The Members, or their designees, shall maintain complete and accurate records and books of the Company’s transactions in accordance with generally accepted accounting principles. The Company shall furnish each Member, within seventy-five days after the end of each fiscal year, an annual report of the Company including a balance sheet, a profit and loss statement a capital account statement; and the amount of such Member’s share of the Company’s income, gain, losses, deductions and other relevant items for federal income tax purposes. The Company shall prepare all Federal, State and local income tax and information returns for the Company, and shall cause such tax and information returns to be timely filed. Within seventy-five days after the end of each fiscal year, the Company shall forward to each person who was a Member during the preceding fiscal year a true copy of the Company’s information return filed with the Internal Revenue Service for the preceding fiscal year. All elections required or permitted to be made by the Company under the Internal Revenue Code, and the designation of a tax matters partner pursuant to Section 6231(a)(7) of the Internal Revenue Code for all purposes permitted or required by the Code, shall be made by the Company by the affirmative vote or consent of Members holding a majority of the Members’ Percentage Interests. Upon request, the Company shall furnish to each Member, a current list of the names and addresses of all of the Members of the Company, and any other persons or entities having any financial interest in the Company.

  • Termination of Membership You may terminate your membership by giving us written notice or by withdrawing your minimum required membership share(s), if any, and closing all your accounts. You may be denied services for causing a loss to the Credit Union, or you may be expelled for any reason as allowed by applicable law.

  • Duties of Members Each Member must have a duty as set forth in Exhibit 1 to this agreement. The Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member. (a) If a Member fails at their duties for a period of one hundred twenty (120) consecutive days, the Member will lose their membership interest. The start date of the failure must be documented. (b) If a Member fails to do their duties for one hundred twenty (120) days out of any two hundred thirty nine (239) day period, the Company will consider such a failure and whether the Member will be expelled and lose their membership interest in accordance with this Article and Section ▇▇-▇▇-▇▇▇ of the Act. The dates of failure in question must be documented. (c) If a Member disputes the completion of another Member’s duties and attempts to take over that Member’s interest, they must do so in writing by certified delivery to the Member’s residential address as listed in Exhibit 1. If certified delivery is not available, hand delivery by a third party is acceptable. (d) If a Member receives a complaint as described above, the Member must fulfill their established duties within fourteen (14) days. (e) If there is a dispute as to what any Member’s duties are or if those duties are being fulfilled, and the Members have gone through the dispute process outlined in the above subsections (a) through (d) of this Section 4.06, the Members agree to enter into binding mediation or arbitration to decide if the Member’s duties are being performed in compliance with the agreed duties as outlined in Exhibit 1 of this Agreement. If the Members fail to reach an agreement through arbitration or mediation, the Members in dispute agree to file a complaint in the appropriate Court to procure a decision as to the fulfillment of Members’ duties. Upon a decision by the Court that a Member has failed to meet its duties, the Member will assign and forfeit their membership interest to the other remaining Member(s). The assignment of the non-compliant Member’s membership interest will result in a debt owed to the non-compliant Member by the Company. The debt owed to the expelled Member shall be the aggregate sum of any capital contributions submitted to the Company by the expelled Member. (f) The value of the non-compliant Member’s interest being transferred to the remaining Member(s) must be determined before the transfer can be completed. During the course of the transfer, the non-compliant Member will maintain complete powers of membership in the Company. (g) In the event of a dispute of Member’s duties, Members may negotiate an exchange of membership interests for a lesser amount of Member duties, provided that modification is memorialized and attached to Exhibit 1.