Book Title: Jain Center of America NY 1984 09 Paryushan
Author(s): Jain Center of America NY
Publisher: USA Jain Center America NY

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Page 15
________________ 96969696 55 5 ARTICLE VI: OPERATIONS Section 1 Robert's Rules of Order, latest revised edition, shall govern in all cases where they are not inconsistent with these by-laws. Section 2 Fiscal year of the JCA shall commence with every calendar year. 5 5 Section 3 All expenditures of amounts over $100 shall be approved by the Board of Directors specifically or as called for in its budget. CONSTITUTION OF JAIN CENTER OF AMERICA ARTICLE VII: AMENDMENTS Section 1 These by-laws may be amended by the membership at its annual meeting or at a special meeting. To be approved. such amendments must: (a) be proposed by the Board of Directors or be submitted in writing to the Secretary in the form and as part of a request to hold a meeting of the members as provided in Article V. Section 4; and (b) notice of the proposed change, including the text of the amendment, must accompany the notice of such meeting: and (c) a two-thirds majority of those eligible to vote at such meeting, a quorum being present, must approve such amendment to make it effective, except that any amendment to Article I (name and Object) shall become effective only after approval by the Chairman. ARTICLE VIII: DISSOLUTION Section 1 A proposal to dissolve the JCA may be made in writing to the Secretary by twenty (20) percent of the members entitled to vote at a meeting of the members. The Secretary shall submit such request to the next regular meeting of the Board of Directors. Section 2 The Board of Directors may reject such a proposal by majority vote. If it does not reject the proposal, the Board shall determine, subject to applicable provisions of law, the future disposition of the assets and properties of the JCA if the membership decides to dissolve the JCA. The Board shall choose such entities, not organized for profit, to whom such disposition is to be made provided that no part of such property or assets, or its earnings before or after such dispositon, shall inure to the benefit of any private shareholder, individual or entity organized for profit. Section 3 Upon the approval of the Board of Directors, notice fo the proposed dissolution, including the Board's decision as to the disposition of assets and property, shall be mailed as part of the notice of the annual meeting or a special meeting of the members called for that purpose. Section 4 Approval by four-fifths (4/5) of the members present and eligible to vote at such meeting, a quorum being present, is required to dissolve the JCA, Inc. ARTICLE IX: ORGANIZATIONAL MEETING The meeting at which these by-laws are approved shall be treated as an annual meeting with the exception that the members-at-large of the Board of Directors shall be elected for a term of four years or less, ending when their successors are elected in the second annual meeting following the organizational meeting. WE BELIEVE IN AHIMSA NON-VIOLENCE 5 卐5卐5 Jain Education International - For Private & Personal Use Only 5 卐5 5 5555 卐卐 www.jainelibrary.org

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