BENGALI ASSOCIATION OF NEBRASKA BYLAWS
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FINANCE
Contracts: The Executive Committee may authorize any officer, employee or other agent of the Association to enter into any contract or to
execute and deliver any instrument in the name and on behalf of the Association and such authority may be general or confined to specific
instances.
Checks, Drafts, Notes: All checks, drafts or other orders for the payment of money and all notes or other evidence of indebtedness issued in
the name of the Association, shall be signed by such officer or agent of the Association and in such manner as the Executive Committee may
determine from time to time.
Indebtedness: The highest amount of indebtedness or liability to which the Association shall at any one time be subject shall not in any
case exceed the value of the property owned by it. The members and officers of the Association shall not be liable personally for corporate
debts, and their private property shall be exempt from liability thereafter.
Auditor: An auditor will be nominated by the Executive Committee for auditing the accounts of the association every year. Such an auditor
will not be a member of the Executive Committee and will have significant experience in accounting as may be generally considered as one
who is an expert in such a field.
Dissolution: Upon the dissolution of the corporation, the Executive Officers shall, after paying or making provisions for the payment of all the
liabilities of the corporation, dispose of all the assets of the corporation exclusively for the purposes of the corporation in such manner, or to
such organization or organizations organized and operated exclusively for charitable, educational, community service or scientific
purposes as shall at the time qualify as an exempt organization or organizations under section 501 C (3) of the Internal Revenue Code of
1986 (or corresponding provision of any future United States Internal revenue Law), as the Executive Committee shall determine. Any such
assets not so disposed of shall be disposed of by the court of Common Pleas of the county in which the principal office of the corporation is
then located, exclusively for such purposes or to such organization or organizations, as said court shall determine, which are organized and
operated exclusively for such purposes.
AMMENDMENTS
The amendments to the bylaws shall first be communicated to all regular members at the time of issuing a call for the General Assembly
meeting. After having done so, only two-thirds vote of the regular members present shall be required for the approval of the desired
amendment. All new proposals regarding activities, programs or financial affairs shall be brought to the attention of the appropriate standing
committee, which will review the project and make recommendations to the Executive Committee. However, the final decisions regarding
changes in policy or bylaws will only be made by the General Body.