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e- No Board member may serve more than three (3) full terms, including initial <br />terms, on the Board. <br />The initial Board shall be composed of eight (8) individuals. one director <br />appointed by each of the four (4) undersigned Organizing Local Governments. <br />and one (1) director each appointed by the National School Boards Association <br />('NSBA), the Texas Association of School Boards (TASB), the Rhode, island <br />Association of School Committees (RIASC), and the Maryland Amciation of <br />Boards of Fducation (MABE). <br />The, initial Board shall serve in staggered terms, determined by lot or other means <br />acceptable to the Board, as follows: two (2) director terms -shall end twelve (12) <br />months from the date of the initial Board meeting; three (3) director terms shall <br />end twenty-four (24) months from the date of the initial board.meeting; and three <br />(3) director terms shall end thirty-six (36) months from the date of the initial <br />board meeting. <br />f Thereafter, the Board shall be composed and shall have such terms as set forth in <br />the Cooperative's bylaws. <br />Article S. Fiscal RgEppi—sibility. <br />a. No party to this Agreement shall ever be responsible for the payment, of any sum of <br />money to the Cooperative, a Cooperative Member, or to any other person or entity solely <br />by reason of its execution of this Agreement. _A payment obligation shall only arise for a <br />.signatory to this Agreement wider the terms and provisions of a separate contract, <br />agreement or instrument which has been expressly authorized by such party. <br />b. Each party represents and warrants that any payment that may be required of it under this <br />Agreement will be made from current revenues budgeted and available to such party. <br />Art-cle 6. Miscellaneous. <br />a. Severability. If any part of this Agreement is declared invalid, void or unenforceable, the <br />remaining provisions shall continue in full force and effect. <br />b. Execution. 'Phis Agreement may be executed in separate agreements and at seParate <br />times, each of which shall be deemed an original and, which taken together; shall <br />constitute a single document. Further, a facsimile or scanned signature shall be <br />enforceable as an original ink signature. <br />- - - ----- Page 3 of 12 <br />84 <br />