(A) Purpose. The Municipal Housing and Redevelopment Authority composed of five members, is hereby perpetuated as heretofore established by resolution adopted pursuant to M.S. § 469.003, as it may be amended from time to time.
(B) Membership. Each member shall hereafter be appointed for a term of five years, one member retiring each year. Each member must reside within city limits.
(`86 Code, § 2.05) (Ord. 1000, passed 10-1-13)