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AG19820104
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AG19820104
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Last modified
3/28/2003 9:14:56 AM
Creation date
11/27/2017 12:14:26 PM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
1/4/1982
Board
Board of Commissioners
Meeting Type
Regular
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ARTICLE XIV. - ~-nd~nts <br /> <br /> The_ Board of Directors of the corporation shall have the pc~r by <br /> a vote of s majority of said Directors to make, alter, ammnd, ~-nd resc~nd <br /> the by-laws of this corporation, provided, however, that no amend~ant, <br /> alteration, or recission shall ke approvc~ ttnless each m~mber of the <br /> Board of Dire~ors shall have baen given notice of the proposed amendment, <br /> alteration, or recission at least three days preceding any r(~ating by <br /> mail addressed to the._ last kn~:~ address of such meml~r of the Board of <br /> Directors; but such notice may be waived by ~nbers of the ~oard of Directors. <br /> <br /> ARTICLE XV. - Rules of Order <br /> <br /> Robei~'s Rules of Order Newly Revised shall be the p~r!i~-wente/5, <br /> authority for all matters of prc~edu~e not specifically covered by the by- <br /> laws or by special rules or procedured adopted by the corporation. <br /> <br /> k~PICLE XVt_. - Assets and Earnings <br /> <br /> ~o part of the net earnings of the co~-poration shall inure to tlne <br />kenefit of or ke' distributive to its membars, officers, or other private <br />persons, except that the corporation shall be authorized and empo%~red to <br />pay reasonable c~)e. nsation for serviceg rendered to the corporation, end <br />except as provided in Article tK[, Section 3, of these By-laws. Q <br /> <br /> Upon dissolut/on of the corporatidn, the Board of'D~rectors shall, <br />m_{ter pey,~ng or making provision for paymant of all the liabilities of <br />the corporation, dispose of all the assets of the corporation exclusively <br />for the purpose of the corporation in such manner, or to such organization <br />or organiza~tions organized and operated exclusively for charitable, re- <br />creational, or other purpose as shall at that t/n~ qualify as an exe_~pt <br />organization under Section 501 (c) (3) of the Internal Revenue Cede of 1954. <br /> <br /> -6- <br /> <br /> <br />
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