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ARTICLE XII - DISSOLUTION

The ownership and control of all property of what ever kind or character acquired by the organization shall be and remain in said corporation and shall not be subject to the control of any other person or body. Upon the dissolution or disbanding of the organization or other termination of its corporate existence, the property shall be disposed as follows:

Pay all outstanding bills and obligations of the organizations.

The balance shall be distributed, transferred, conveyed, delivered, or paid over to another organization designed at a regular or special meeting of the board of directors and whose purposes are compatible with purposes of this not-for-profit corporation and which are exempt under IRS section 501 (C) (3) or corresponding provisions of any subsequent federal tax laws.

ARTICLE X - AMENDMENT

AMENDMENT OF BYLAWS

These Bylaws may be amended by a majority vote of the Board of Directors, provided prior notice is given of the proposed amendment in the notice of the meeting at which such action is taken, or provided all members of the Board waive such notice, or by unanimous consent in writing without a meeting pursuant to Section 3.08.

ARTICLE XI - CONFLICT OF INTEREST

1)No board member may be benefited directly or indirectly from the disbursal of the neither association funds nor May the board as a whole, which may be construed as a conflict of interest.

2)Each board member upon accepting a seat on the board agrees to carefully guard against any conflict of interest that might develop between his / her personal interest and that of the association.

3)No member of the board may be compensated for his / her services except that the board of members authorized recorded in the minutes, for payment of all expenses incurred by member of the board in charring out his business of the association.

ARTICLE VIII - FINANCIAL

FINANCIAL ADMINISTRATION

Section 7.1 Fiscal Year

The fiscal year of the Association shall be January 1 - December 31 but may be changed by resolution of the Board of Directors.

Section 7.2 Checks, Drafts, Etc

All checks, orders for the payment of money, bills of lading, warehouse receipts, obligations, bills of exchange, and insurance certificates shall be signed or endorsed by such officer or officers or agent or agents of the Association and in such manner as shall from time to time be determined by resolution of the Board of Directors or of any committee to which such authority has been delegated by the Board.

Section 7.3 Deposits and Accounts

All funds of the Association, not otherwise employed, shall be deposited from time to time in general or special accounts in such banks, trust companies, or other depositories as the Board of Directors or any committee to which such authority has been delegated by the Board may select, or as may be selected by the President or by any other officer or officers or agent or agents of the Association, to whom such power may from time to time be delegated by the Board. For the purpose of deposit and for the purpose of collection for that account of the Association, checks, drafts, and other orders of the Association may be endorsed, assigned, and delivered on behalf of the association by any officer or agent of the Association.

Section 7.4 Investments

The funds of the Association may be retained in whole or in part in cash or be invested and reinvested on occasion in such property, real, personal, or otherwise, or stock, bonds, or other securities, as the Board of Directors in its sole discretion may deem desirable, without regard to the limitations, if any, now imposed or which may hereafter be imposed by law regarding such investments, and which are permitted to organizations exempt from Federal income taxation under Section 501(c)(3) of the Internal Revenue Code.

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