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Investments. The funds of the
Corporation may be
retained in whole or in part in cash or be invested and reinvested
on occasion in such property, real, personal, or otherwise, or
stock, bonds, or other securities, as the Board of Directors in its
sole discretion may deem desirable, without regard to the
limitations, if any, now imposed or which may hereafter be imposed
by law regarding such investments, and which are permitted to
organizations exempt from Federal income taxation under Section
501(c)(3) of the Internal Revenue Code.
ARTICLE VIII
BOOKS AND
RECORDS
Correct books of
account of the activities and transactions of the Corporation shall
be kept at the office of the Corporation. These shall include a minute
book, which shall contain a copy of the Certificate of
Incorporation, a copy of these Bylaws, and all minutes of meetings
of the Board of Directors.
ARTICLE IX
EXEMPT
ACTIVITIES
Notwithstanding any
other provision of these by-laws, no member, director, officer,
employee or representative of this Coalition shall take any action
or carry on any activity by or on behalf of the Coalition not
permitted to be taken or carried on by an organization exempt under
Section 501 (c) (3) of the Internal Revenue Code and its regulations
as they now exist or as they may hereafter be amended.
AMENDMENT OF
BYLAWS
These Bylaws may be
amended by a majority vote of the Board of Directors, provided prior
notice is given of the proposed amendment in the notice of the
meeting at which such action is taken, or provided all members of
the Board waive such notice, or by unanimous consent in writing
without a meeting.
New bylaws put
into effect 10/2006 |