Laserfiche WebLink
11. TERMINATION OF SYSTEM. ~his library system may be ter- <br />minated at any time by resolutions of the governing boards of all <br />the members in this SYSTEM at the time termination is voted. A <br />decision to terminate shall be come effective whenever designated <br />in the termination agreement. Upon termination, all just claims <br />against the SYSTEM shall be paid, distribution made to the State <br />and Federal governments as required by applicable law, and the <br />remaining assets distributed among all parties who are then members <br />of the SYSTEM in proportion to the population of each member in <br />relation to the total population in the SYSTEM. <br /> <br /> 12. FISCAL AND OPERATING YEAR. The fiscal year and the opera- <br />ting year of the SYSTEM shall be the same, and shall commence July <br />1st of each year. <br /> <br /> 13. DEBTS. That no debt, liability or obligation of the <br />SANTIAGO LIBRARY SYSTEM shall constitute any debt, liability or obli- <br />gation of any party to this Agreement. <br /> <br /> 14. AMENDMENT. This Agreement may only he amended by the <br />action of all the respective governing bodies constituting this <br />SYSTEM. <br /> <br /> 15. EFFECTIVE DATE. The effective date of this Agreement is <br />November 5j 1973 <br /> <br />ATTESTATION: <br /> <br />Florence I. Malone <br />Clerk of the Council <br /> <br />Approved as to form: <br /> <br />James A. Withers, Cit¥.2~torney <br /> <br />By C~narle~ ~. ~L~he~to <br /> Assistant/City At~torney <br /> <br />CITY OF SANTA ANA <br />a municipal corporation <br /> <br />5 <br /> <br /> <br />