The Apache Junction Municipal Property Corp. is to meet at 5 p.m. Monday for an election of officers, new business and acceptance of meeting minutes.

The meeting begins at 5 p.m. Sept. 27 in the City Council Chambers, 300 E. Superstition Blvd.

The corporation meets annually and when a bond issue may be considered. There are five members who must be city residents and are appointed to serve three-year terms.

Members of the MPC are: Wayne Standage, Dave M. Hantzsche, Frank F. Schoenbeck, Charles E. Beal and Bambi L. Johnson, the city’s website states.

“The primary duties of this corporation are related to city bond issues that are under consideration. The corporation reviews the city’s annual report and certificate of disclosure at the end of each fiscal year, the website states. “The group is required by the Arizona Corp. Commission to file a corporation annual report and certification of disclosure along with the listing of all municipal corporation officers and directors. This report must include the city’s annual assets and liabilities.”