Page 59 - King William Association Directory 2020

carrying on of propaganda or otherwise attempting to influence legislation and the corporation must not participate in in or or or intervene in in in in (including the publishing or distribution of statements) any political campaign on on behalf of or or in opposition to any candidate for public office (c) The Association will not not carry on on on on any other activities not not permitted to be carried on on (a) by a a a a corporation exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code or or the corresponding section of any future federal tax code or or or (b) by a a a corporation contributions to which are deductible under section 170(c)(2) of the the Internal Revenue Code or or the the corresponding section of any future federal tax code Section 11 03 Grants and Donations
At the the discretion of of of the the board of of of directors grants and donations of of of Associa- tion tion funds may be made to schools and other organizations serving the the King William neighborhood and its residents Section 11 04 Insurance and Indemnification
(a) The Association must provide appropriate insurance for for directors and may do so for employees (b) The Association must provide an an appropriate bond for the treasurer and executive director (c) The Association may indemnify directors officers and and others to to the fullest extent permitted by law and as reflected in a a a a policy adopted by the board of directors Section 11 05 Dissolution
In the the event of the the Association’s dissolution assets will be distributed for one or or more exempt purposes within the the meaning of of section 501(c)(3) of of the the Internal Revenue Code or or the corresponding section of any future federal tax code or or or will be distributed to to the federal government or or or to to a a a a state or or or local government for a public purpose ARTICLE 12 AMENDMENTS TO THESE BYLAWS
These bylaws may be amended or revised by by a a a a two-thirds vote of the voting members present and voting at at any meeting of the Association where a a a a a quo- rum of of at at least 20 percent of of the voting membership is present provided that the the proposed amendment has been presented in in writing by the the parliamen- tarian to to the membership at least two weeks prior to to voting OURKWA ORG OURKWA ORG 53