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• <br /> 12 <br /> e_ c. If the Pool elects to establish such additional self-insurance programs-,it <br /> shall implement adequate measures to protect and safeguard the equity and fiscal <br /> integrity of the Pool's self-insurance programs for liability and property. <br /> Section 13. Funding. • <br /> a^ a. • The Pool shall be funded by Member contributions and assessments <br /> b_ b. Member contributions and assessments shall be established by the <br /> Board in its annual budget. If the Pool's financial situation warrants,the Board may <br /> require supplementary and retroactive contributions and assessments. <br /> e_ c. All Members bens shall pay contributions,assessments,and fees <br /> promptly when due. <br /> Section 14.Withdrawal of a Member. <br /> a^ a. A Member may withdraw from the Pool only at the end of a fiscal year <br /> by providing at least six month's written notice thereof. No Member may withdraw for <br /> thirty six months after joining the Pool. Following withdraw a former Member may not <br /> . rejoin the Pool for thirty six months. <br /> bb. • be. The withdrawal by a Member shall not affect the validity of this <br /> agreement with respect to the remaining Members. <br /> c_ cd. Upon withdrawals a Member shall have no further obligations to the Pool <br /> nor shall it be entitled to any portion of the Pool's assets or equity:Provided,the <br /> withdrawing Member shall pay all of its pending contributions and assessments.: - <br /> Section 15.Termination of a Member. <br /> a. a. A Member may be terminated only by the affirmative vote of at least <br /> • three-fourths of all representativesd€reste►s or alternat . The • <br /> effective date of termination shall be six months following notice of the termination vote. <br /> Until the effective date of termination, the terminated Member shall have the benefits and <br /> burdens of participation in the Pool. <br /> b. bc. The termination of a Member shall not affect the validity of this <br /> agreement with respect to the remaining Members. <br /> c. cd. Upon termination a Member shall have no further obligations to the Pool • <br /> nor shall it be entitled to any portion of the Pool's assets or equity: Provided,the <br /> terminated Member shall pay all of its pending contributions and assessments.? <br /> Section 16. Dissolution. <br /> a. a. The Pool and this agreement may be terminated by the written consent <br /> of three-fourths of the governing boards of the Members. Upon termination and wind-up, <br /> the Pool and this agreement shall continue in effect for the purpose of the winding-up the <br /> business and affairs or the Pool, including disposing of all claims, the collection of <br /> additional assessments, and the distribution of assets. <br /> b_ b. Upon termination or wind-up, the assets of the Pool shall be liquidated. <br /> Following the payment of all claims and expenses, each Member shall be entitled to a <br /> percentage share of the liquidation fund in that percentage which the total contribution <br /> 4 <br /> 98 <br />