|
|
TACSCE Texas Association for Community Service and Continuing Education |
||
|
|
|||
|
Article VII - Funds Section
1.
The Corporation shall not have the power to sue, purchase, hold,
lease, sell, or mortgage real estate; to incur debts or to borrow money,
without the permission of a majority of the voting member of the
Corporation. Section
2.
The Bylaws may be amended at any Annual Meeting or at any special
meeting called for the purpose by a majority vote of the voting member in
good standing, present and voting, provided thirty (30) days written
notice of the meeting has been given the active membership.
The Bylaws may also be amended by mailed ballot, provided ballots
are mailed with first class postage to each voting member at this last
know address and provided that minimum of thirty (30) days be allowed for
returning the ballot, and further provided that the amendment carry by a
two-thirds majority of the total voting membership.
All amendments proposed will carry the recommendations of the Board
of Directors. No
amendments to these Bylaws shall be contrary to the provisions for
tax-exempt status under section 501( c ) (3.) of the Internal Revenue Code
of 1954 (or the corresponding provision of any future United States
Internal Revenue Law.)
Article I
|
|||
