<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />
<br />'. . ,', '..':- ).:::/~~~ - '~:::~~':.;:\i}.;U~;; .:. ~;' .~.
<br />~. . .:,.-:-: ,-';c .':::.;;~'.t.\
<br />~ ,:~-;,., .'
<br />
<br />.'
<br />
<br />
<br />. .':,:..;~J,,:::'\:.\.~.""
<br />
<br />- , '. -,_._: .' -: ~".;......: ..t,-' ,
<br />'. .;;~:;. ,.': . ~ ..
<br />., .., .,i.";."',:.," ARTICLE THIRTEEN
<br />. .'- .'~..f,:..';\'\~':-~~>>>;" ".,' '.. . ".' . '. .
<br />. .....Sa!~;.cO.~vilvilIlCeOr encumi:lrance of all or any part of the propelty,of me q
<br />. . Coipoiiiiori;~ciy:bti. IlHide by the Board of Directors,' provided;'however,.that such
<br />. sale, cui~~eya'nc(or . encumbrance is .8uthori4ed by a majority 'of e quarum of the . . .
<br />: rncmtJl:rs:preserit at a regular membership meeting or a special membership meeting .
<br />:caUedforthe purpose, and, instruments of convey an co ar encumbrance: shall be
<br />. executed ~:nbehalf of the Corparation by the Preo;ident 3nd attested by the SocretorY
<br />. eftheCoip6ration~ . . '.. . .
<br />
<br />:~
<br />
<br />ARTICLE FOURTEEN
<br />
<br />1. . No officer, director ar member shall at any time receive ar became
<br />.. entitled to receive any pecuniary profit fram the aperatians hereaf either by dividends
<br />or other distribution ar by'payment af any salary. wage; ar reward af any kind in
<br />"excec5 of'reasanable compensation tor ;;"IVir:p.;; ~r:tl'I;Jlly rendemd by ;Jny afficer,
<br />'39611t, diroctor~ ar emplayee ar. member of the Corporatian.
<br />
<br />. 2. . No' dividend or clistribution of the funds or ather property of the
<br />Corparation'shall be m~np. lIrltil all debts are fully paid and then anly upan its. first
<br />di~~alutian.n6rshall any distribution be made except by a vote af the majority of the
<br />. mclnm';rs;attheCo~oratianar a Quorum thereof as provided bv the By-laws. In the
<br />. 'evlint~fdiSSolution,for the purpose of merger, lhe nel [UIIlJ:;'O[ lhe Corporation, if
<br />any ; shall bejransferred to any.other Ul several non~profit organizations having one
<br />. ',.ormore'purPClses- hi' cammon with Ulis Carporation.'
<br />
<br />ARTIe! F FIFT([N
<br />
<br />1. pursuant to. the' pracedure: set farth belaw in Part B of this Article the
<br />Corporalian shall indemnify: .
<br />
<br />a. Any pcrGon who' was or is a party or i~ threatened to. be made a
<br />party to ClOy threatened, pending, or completed action, .uitar proceedinG, whether
<br />. Civil; criminel;udministrativa, or investigative by reason ot the t;lr:t that the persan is
<br />or wes :u' director, .officQr, emplayee, or ;;o"nt nf the Corporatian. against expense
<br />(i.neluding attomays;' fees). judgment~. fines and amaunts paid in senlement actually
<br />arid'reaso('ably inclIl'l'en by that person In' connectIon with such action, :;t1il or
<br />'. proceeding it thlltperson actedln good faith allo ill illllillurer that person reasonably
<br />. believed to. he in the best intereSt of the CUI \Juration, and with respect to any criminal'
<br />action or praceedlng. had no rea:;onable cause to believe that person's conduct was
<br />',mlaWtul. The terminatioll of any actian/suit or proceeding by judgmcnt, order,
<br />........ senlement or conviction or upon a plea af riolo contendere or its cquivolent, ~ha/l not
<br />
<br />. f;.1JOm\3tWP'3CCles
<br />
<br />5
<br />
<br />.,.:":
<br />
<br />.
<br />
<br />..
<br />
|