Page 9 - KSTshul Documents

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7. To prepare as needed for presentation and approval at a General Meeting
proposal for changes to the procedures and customs of the synagogue and
Amutah.
8. To prepare and convene a General Meeting at least once a year.
9. To manage the property of the Amutah.
10. In order to fulfill its role the Board shall have the authority to spend up to 50,000
ILS [fifty thousand Israeli shekel] every year without the specific approval of a
General Meeting.
c) Signing Authority:
1. The Board Chair or the Treasurer, together with another Board member, are
authorized to sign in the name of the Amutah, and their signatures obligates the
Amutah in all matters.
2. Signing authority will function in accordance with the By-Laws of the Amutah
and the decisions of the Board.
d) The Audit Committee.
1. The Audit Committee of the Amutah shall be appointed by the General Meeting
and shall consist of two members who are not members of the Board. In place of
the Audit Committee, the General Meeting is authorized to appoint an Audit
Body as it is understood in the “Law of the Amutot.”
2. The Audit Committee or Audit Body shall inspect the financial and economic
dealings of the Amutah and its account ledgers and shall present to the General
Meeting its recommendations regarding the approval of the annual financial
report, and shall create a special report on a specific issue, should 25% of the
Amutah membership request it.

Article VII: Director and Officer's Liability, Indemnity, and Insurance

1. The Amutah may not exempt a director or officer of the Amutah from liability as a result
of the director or officer's breach of the Duty of Care, or breach of the Duty of Trust and
Confidence toward the Amutah.
2. The Amutah may, subject to any law, indemnify a director or officer due to an action
performed while a director or officer of the Amutah, regarding any of the circumstances
detailed hereinafter, insofar as no prior commitment of indemnification was made due
to the breach of the Duty of Care or the Duty of Trust and Confidence by the director or
officer:
a. A financial liability imposed on the director or officer in favor of a third party as
per a court ruling; provided that a prior commitment of indemnification will be
given only for events which, in the opinion of the board, are foreseen
considering the Amutah's activities at the time of the provision of the
commitment of indemnification, and the amount provided for is reasonable
considering the circumstances, and as long as the Duty of Care and the Duty of