Page 29 - 2693_BOMA_2017-2018_memberDir

CONSTITUTION
Building Owners and Managers Association

Amendment: Extraordinary Resolutions

44.01 The Constitution and By‐Laws of the Association may be amended, altered or
added to, as the case may be, by extraordinary resolution. An extraordinary
resolution shall require a two‐thirds majority vote of members present or
represented by proxy at an Annual General Meeting or General Meeting taken
in accordance with these By‐Laws. Notice in writing of a proposed
extraordinary resolution shall be given to each Voting Member at least
fourteen days in advance of the meeting at which it is to be considered and
voted on.

Resolution

45.01 The Association shall use its funds only to accomplish the objectives set forth
in the Constitution and in conformity with these By‐Laws. No funds or
property of the Association shall be distributed among its members on
dissolution. On dissolution, any funds or property remaining after all liabilities
have been paid shall be distributed to one or more charitable, educational,
scientific or philanthropic organizations selected by the Directors.

45.02 The Association shall not, in any calendar or fiscal year, run a deficit where the
expenses for the period exceed the revenues.

First Directors

46.01 The subscribers to the Constitution and By‐Laws shall be the First Directors of
the Association. The Directors may make such interim or provisional
regulations as they deem necessary to bring these By‐Laws into full and
effective operation.

23