Page 19 - 31-123554 2019 Membership Directory FINAL
P. 19

Constitution and Bylaws

            by three (3) or more voting members, within fifteen (15) days of the
            time the original amendment was mailed to members.  If any such
            additional amendments are properly submitted, they shall also be
            mailed, emailed, or faxed to members by the Board, and the final
            date for voting by mail or fax on the original amendments and any
            others submitted shall be fifteen (15) days after the mailing or faxing
            of the last amendment by the Board.

            ARTICLE XVII –Private Inurement

            No part of the net earnings of the corporation shall inure to the
            benefit of, or be distributable to its directors, officers, or other
            private persons, except that the corporation shall be authorized and
            empowered to pay reasonable compensation for services rendered
            and to make payments and distributions in furtherance of the
            purposes set forth in Article Five hereof.  No substantial part of the
            activities of the corporation shall be the carrying on of propaganda,
            or otherwise attempting to influence legislation, and the corporation
            shall not participate in, or intervene in (including the publishing or
            distribution of statements) an political campaign on behalf of or in
            opposition to any candidate for public office.  Notwithstanding any
            other provision of these articles, the corporation shall not carry
            on any other activities not permitted to be carried on in (a) by a
            corporation exempt from federal income tax under section 501
            (c) (6) of the Internal Revenue Code, or the corresponding section
            of any future federal code, or (b) by a corporation, contributions
            to which are deductible under section 170 (c) (2) of the Internal
            Revenue Code or the corresponding section of any future federal tax
            code.

            ARTICLE XVIII –Conflict of Interest
            Section 1.  Purpose. The purpose of the conflict of interest policy
            is to protect this tax-exempt Organization’s interest when it is
            contemplating entering into a transaction or arrangement that
            might benefit the private interest of an officer or director of the
            Organization or might result in a possible excess benefit transaction.
            This policy is intended to supplement but not replace any applicable
            state and federal laws governing conflict of interest application to
            nonprofit and charitable organizations.
   14   15   16   17   18   19   20   21   22   23   24