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subsequent payments made on a schedule similar to that of other member parties, All pa required by the terms of this agreement shall be made on at least a quarterly basis, 7. Amendment. The parties recognize and agree that the future financial oblig tions may be adjusted as a result of census data or other factors. In that regard, the parties agre the financial contributions stated herein may be amended, as agreed upon by all of the p without amending or altering the remaining terms and conditions of this joint powers agree S, Real and Personal Property, The personal property used in the joint undert may be acquired, held or disposed of in the name of the joint board unless otherwise a upon, The real property, if any, used in the joint undertaking may be acquired, held or dis osed of in the name of any of the contracting governmental entities upon agreement that title sh 11 be thus held. 9, Funding Sources, Applications for federal or state aid, as well as funds from other public and private sources, may be applied for in the name of any of the govejental entities provided that the other contracting governmental entities agree to the same, It s the intent of this paragraph that the parties agree upon the most simple and expeditious proc ss in I applying for said funds, All grants received shall be applied to reduce the cost of all parties~ thus ! reducing proportionately the budgeted amounts that may be required, t 10, Liabilitv, The parties agree to purchase or otherwise secure insuran e or insurance coverage against any liability that might be incurred through performance 0 this I agreement and operation of the joint dispatch center, The parties also agree to purthase insurance coverage, if available, to include coverage for F-M Ambulance Services, Inc, relating to any claims that may be asserted arising out of F-M Ambulance Services' non-voting statfs on the joint board established pursuant to the provisions of this agreement. I 11. Applicable Law, The law of the state of North Dakota shall apply tp the operations of the joint dispatch center, including matters regarding employment of perso the extent permitted by law, 12. Effective Date, Upon approval by all of the governing bodies of the herein, the effective date oftms agreement shall be January 1, 200S, 5 JPA 12-16-07 v3 cleap. copy