Difference between revisions of "Property Maintenance and Legal Expenses Authorization"

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(→‎Language: Changed the language)
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===Language===
 
===Language===
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The board of directors is hereby authorized in perpetuity to spend any money necessary:
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Replace the section "issues proper for a vote of the membership" with the following:
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# for maintenance and repair of the organization's leased or owned real property;
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:"Any lawful issue may be brought before the membership for a vote.  A vote of the membership may not be overridden except by a higher legal authority or by a subsequent vote of the membership."
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# to keep the organization in compliance with any executed contracts authorized by the organization;
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# to keep the organization in good standing with any governing body to which it is subject; and
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Add a new section under "Votes of the Directors" entitled "Issues proper for a vote of the directors":
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# to obtain legal, financial, or other professional advice, 
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:"The board may decide on issues related to:
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unless said expense would exceed $5,000 or reduce the organization's cash on hand to less than the sum of four months of rent or mortgage payments for all real property. The board will report on these expenditures no less than quarterly.
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:*spending money from the general fund necessary to keep the organization's property in good working order and functioning in fulfillment of the organization's mission,
 +
:*spending money from the general fund on infrastructure improvements costing less than $300,
 +
:*spending money from the general fund to obtain advice and services for the management of the organization or the fulfillment of the organization's mission,
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:*spending money from any funds donated for a specified purpose, and
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:*to fulfill any obligations to ensure the health of the organization."
  
 
===Vote===
 
===Vote===

Revision as of 04:24, 7 December 2012

   This motion has been tabled.

Tim Saylor

Introduced

November 26, 2012

Language

Replace the section "issues proper for a vote of the membership" with the following:

"Any lawful issue may be brought before the membership for a vote. A vote of the membership may not be overridden except by a higher legal authority or by a subsequent vote of the membership."

Add a new section under "Votes of the Directors" entitled "Issues proper for a vote of the directors":

"The board may decide on issues related to:
  • spending money from the general fund necessary to keep the organization's property in good working order and functioning in fulfillment of the organization's mission,
  • spending money from the general fund on infrastructure improvements costing less than $300,
  • spending money from the general fund to obtain advice and services for the management of the organization or the fulfillment of the organization's mission,
  • spending money from any funds donated for a specified purpose, and
  • to fulfill any obligations to ensure the health of the organization."

Vote

Yea: Nay: Present:

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