diff options
author | Martin Peres <martin.peres@labri.fr> | 2013-11-10 22:37:00 +0100 |
---|---|---|
committer | Martin Peres <martin.peres@labri.fr> | 2013-11-10 22:38:09 +0100 |
commit | 80e33024d7dde07ee612b1932fef3f12a6bb39be (patch) | |
tree | c5470277e734dc33207ab19f9a23b24918bd5c38 /bylaws.tex |
Initial import of the by-laws (2006/10/10)
Diffstat (limited to 'bylaws.tex')
-rw-r--r-- | bylaws.tex | 719 |
1 files changed, 719 insertions, 0 deletions
diff --git a/bylaws.tex b/bylaws.tex new file mode 100644 index 0000000..4f0ac94 --- /dev/null +++ b/bylaws.tex @@ -0,0 +1,719 @@ +\documentclass[10pt, english]{bylaws} +\usepackage{enumerate} + +\begin{document} +\title{BYLAWS of the X.Org Foundation} +\maketitle +\date{November 10, 2006} + +BE IT ENACTED AND IT IS HEREBY ENACTED as a By-law of the X.Org Foundation +(hereinafter called "X.Org") as follows: + +\article{PURPOSE} + +The purpose of the X.Org Foundation shall be to: +\begin{enumerate}[(i)\hspace{.2cm}] + \item research, develop, support, organize, administrate, standardize, + promote, and defend the X Window System, + + \item support, educate, organize and participate in the community of + developers of the X Window System, and + + \item support and educate the general community of users of the X Window + System. +\end{enumerate} + +\article{INTERPRETATION} + +\section{Definitions} +In this Article and all other Articles of these By-laws, unless the context +otherwise requires: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item "Act" means the National Cooperative Research and Production Act + of 1993 of the United States and any Act that may hereafter be + substituted therefore, as from time to time amended; + + \item “Director” means a member that has been elected to serve on the + Board of Directors; + + \item "Board" means the Board of Directors of X.Org; + + \item "By-laws" means the By-laws of X.Org, as amended and in force + from time to time; + + \item “Officer” means a Member that has been appointed by the Board to + serve in the role of an Officer as defined in these By-laws; + + \item "Equipment" means such equipment as may be needed from time to + time to operate and extend X.Org and which is an asset owned by X.Org; + + \item “Member” means an individual who has duly executed a Membership + Agreement and is in good standing; and + + \item "Membership Agreement" means the X.Org Foundation Membership + Agreement, as amended and in force from time to time. +\end{enumerate} + +\section{Number} +In this Article and all other Articles of these By-laws, unless the context +otherwise requires: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item words importing the singular number include the plural and + vice-versa; + + \item words importing the masculine gender include the feminine and + neuter genders; and + + \item any reference to a percentage of Members or Directors for quorum + and other voting purposes shall mean the smallest whole number + that is not less than the relevant percentage of Members or Directors + indicated. +\end{enumerate} + +\section{Notices} +In this Article, and all other Articles of these By-laws, unless the context +otherwise requires: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item Any notice (which term includes any communication or document) to + be given, sent, delivered or served pursuant to the Act, the By-laws or + otherwise to a Member shall by sufficiently given if sent via e-mail by + X.Org to the last known electronic address or if delivered to his last + address as recorded in the books of X.Org or if mailed by prepaid + ordinary mail or airmail addressed to him at his last address as + recorded in the books of X.Org or if sent to him at his said address by + means of facsimile or recorded communication. The Secretary may change + the address on X.Org's books of any Member with any information believed + by him to be reliable. A notice so delivered shall be deemed to have + been received when it is delivered at the address aforesaid. A notice + sent by any means of e-mail, facsimile or recorded communication shall + be deemed to have been given when sent and a notice so mailed by + prepaid ordinary mail or airmail shall be deemed to be received ten + business days after mailing; + + \item Email shall be considered the default form of notice for X.Org. + Other forms as described above may be used at the discretion of the + Secretary; + + \item In computing the date when notice must be given under any + provision requiring a specified number of days' notice of any meeting or + other event, the date of giving the notice shall be included and the + date of the meeting or other event shall be excluded; + + \item In computing the hour when notice must be given under any + provision requiring a specified number of hours' notice of any meeting + or other event, the hour of giving the notice shall be included and the + hour of the meeting or other event shall be excluded; + + \item The accidental omission to give any notice to any member or the + non-receipt of any error in any notice, or any error in any notice not + affecting the substance thereof shall not invalidate any action taken at + any meeting held pursuant to such notice or otherwise founded thereon; + and + + \item Any member may waive any notice required to be given to him under + any provision of the Act or the By-laws and such waiver, whether given + before or after the meeting or other event of which notice is required + to be given, shall cure any default in giving such notice. +\end{enumerate} + +\article{MEMBERS} + +\section{Membership} +The Members of X.Org shall be designated as Members in good standing who have +executed a Membership Agreement and who have elected to actively participate in +the activities of X.Org. + +\section{Membership Agreement} +Additional requirements and rights of membership are specified in the Membership +Agreement. The Membership Agreement may be repealed or amended as defined by +the Special Voting Requirements in section \ref{section_voting_requirements}. + +\section{Relationship to Membership Agreement} +Where any provision of these By-laws is found to be in contradiction to the +Membership Agreement, these By-laws will be held to be the correct +interpretation for the transaction of X.Org affairs. + +\section{Qualifications for Membership} +In order to qualify as a Member, a person must, at the time of their application +and during the tenure of their membership: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item be actively involved in the activities relating to the + technologies of X.Org, as set forth in the Membership Agreement, and, + who, in the consideration of the Board, supports the objects, purposes, + aims and objectives of X.Org; and + + \item maintain current and accurate contact information as may be needed + for delivery of Notices. +\end{enumerate} + +\section{Member Declaration of Affiliations} +It shall be the duty of all individual Members at the time of application for +membership, and at any time there is a change of circumstances for the Member +during their membership in X.Org, to declare any relevent affiliation to a +company or other institution. + +\section{Notification} +The Secretary shall promptly notify each member upon his admission to membership +in X.Org. + +\section{Transfer of Membership} +Membership in X.Org is not transferable and ceases upon the death or withdrawal +of the Member. + +\section{Revocation of Membership} +Any Member may be expelled from X.Org for good cause by a seventy-five percent +(75\%) majority vote of the Board. Good cause shall be determined by the board +and shall include, among other causes, the following: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item a breach of any of the terms and conditions of the By-laws or any + agreement with X.Org, which the Member in question is a party to or + bound by; + + \item a failure to observe any of the rules or regulations of X.Org or + the operational requirements of X.Org and after having received 30 + days' notice of such failure, the failure to rectify his behavior or + procedures to the satisfaction of the Board; + + \item a finding by the Board that the Member in question permitted or + tolerated a criminal act by its or his agents or employees involving + the use or abuse of X.Org or the Equipment; + + \item a failure to carry out such duties or responsibilities as are + necessary and are his responsibility and within his powers for the + maintenance or preservation of X.Org; and + + \item a finding by the Board that the Member supplied false information + when executing the Membership Agreement. +\end{enumerate} + +No resolution for expulsion shall be put before the Board until after the Member +in question has been notified of the cause and afforded an opportunity for a +hearing before the Board. The Board shall notify the Member in question of the +reason for the expulsion and of the time and place of the meeting of the Board +at which the Member will be heard. Such notice shall be given at least two (2) +weeks prior to such meeting, and the meeting will be limited in attendance to +only the Board and the Member should the Member request it. The Secretary of the +Board will publish to the Members a summary of the Meeting and any Resolutions +voted upon. + +\section{Resignation of Membership} +A Member's resignation will be effective upon delivery of a written letter or +electronic communication of resignation to the Secretary of X.Org. + +\section{Termination of Membership} +Membership in X.Org terminates automatically upon the happening of any of the +following events: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item If the Members fails to renew his membership within 30 days of + receiving notification requesting renewal; + + \item If the Member is expelled from X.Org pursuant to the By-laws; or + + \item If the Member resigns, following the process described above, as a + Member of X.Org. +\end{enumerate} + +\section{Liability of Terminated Members} +A Member whose membership is terminated: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item Shall have no further rights after the effective date of + termination; and + + \item Shall deliver any Equipment or other assets in his possession and + transfer title to any such Equipment or other assets free of + encumbrance, to such party or parties as are designated in accordance + with a direction from the Secretary and shall discharge in full his + share of the outstanding liabilities of X.Org as of the date of + termination. +\end{enumerate} + +\section{Member Declaration of Interest} +It shall be the duty of every Member who is in any way, whether directly or +indirectly, interested in a contract or arrangement or proposed contract or +proposed arrangement with X.Org, to declare such interest and to refrain from +voting in respect of the contract or arrangement or proposed contract or +proposed arrangement. + +\article{MEMBERSHIP MEETINGS} + + +\section{Annual Meeting} +An annual meeting of the Members shall be held each year at a time, place and +date determined by the Members, for the purpose of: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item Receiving the reports and statements required by the Act and the + By-laws to be placed before the Members at an annual meeting; and + + \item Transacting any other business properly brought before the + meeting. +\end{enumerate} + + +\section{Special Meetings} +The Board may at any time call a special meeting of the Members for +the transaction of any business, the special nature of which is specified in +the notice calling the meeting. + +\section{Notice of Meetings} +Notice of the time, place and date of meetings of the Members and the specific +nature of the business to be transacted shall be given at least 21 days before +the date of the meeting to each Member. + +\section{Meetings without Notice} +A meeting of the Members may be held at any time and place without notice if all +the Members entitled to vote thereat are present in person or waive notice of, +or otherwise consent to, such meeting being held, and at such meeting any +matters may be considered which may be transacted at a meeting of the Members. + +\section{Persons Entitled to Participate} +The only persons entitled to participate in a meeting of the Members shall be +Members and others who, although not entitled to vote, are entitled or required +under any provision of the Act or By-laws to participate in the meeting. Any +other individual may be allowed to participate only on the invitation of the +Board of X.Org. + +\section{Right to Vote} +At any meeting of the Members, every Member shall be entitled to vote. + +\section{Voting Generally} +All questions properly coming before a meeting of the Members shall be decided +by a majority of all eligible votes cast. For the purposes of calculating +percentages in votes, votes of "abstention" will be excluded. + +\section{Special Voting Requirements} +\label{section_voting_requirements} + +No resolution of the Board or of the Members dealing with any of the following +matters shall be effective unless and until such resolution is approved by a +two-thirds majority vote of the Members: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item any amendment or supplement of the By-laws; + + \item any action which may lead to or result in a material change in + the nature of the business of X.Org; + + \item the entering into of an amalgamation, merger or consolidation with + any other corporate body; + + \item the entering into of any agreement other than in the ordinary + course of X.Org's business; + + \item the distribution of substantially all of X.Orgs assets; + + \item the termination or dissolution of X.Org; or + + \item any amendment or supplement of the Membership Agreement. +\end{enumerate} + +\section{Conduct of Meetings} +X.Org recognizes that its Members are located throughout the world, and as such +the holding of meetings in a single physical location attended by a significant +number of the Members is impractical. For the purposes of these By-Laws, a +Meeting shall be considered to be a fixed period of time in which the business +of X.Org and its Members is conducted. Communication at the meeting shall be +conducted electronically using, but not limited to: telephone, email, Internet +Relay Chat, message forums and electronic audio or video transmissions. + +\begin{enumerate}[(i)\hspace{.2cm}] + \item Motions to be considered at a Meeting, including all supporting + documentation, shall be presented to the Secretary at least 72 hours + prior to the meeting. The Secretary shall present all motions, including + the online location of all suporting documentation, to be considered to + the Members at least 48 hours prior to the meeting. + + \item Discussion of a motion shall be open for at least 72 hours + following the presentation of the motion to the Members to ensure all + Members have adequate opportunity to participate. Discussion may + continue beyond 72 hours. Discussion of a motion shall be closed by the + Secretary at his discretion after all relevant discussions has + concluded. The discussion shall be considered closed 24 hours after the + Secretary's declaration if no reasonable objections are raised. + + \item Voting on motions shall be performed electronically. Ballots shall + remain open for at least 24 hours. The beginning and ending times of + the ballot shall be clearly communicated to the Members at least 24 + hours prior to the opening of the ballot. Results of a ballot shall be + communicated by the Secretary using all forms of communications that + were in use for the Meeting as is practical as determined by the Board. +\end{enumerate} + +Meetings may be held in other forms or schedules if all Members consent. + +\section{Informal Gatherings} +Decisions made at informal gatherings shall be non-binding until ratified by a +motion at an Annual or Special meeting of the Members. + +\section{Quorum} +A quorum for the transaction of business at any meeting of the Members shall be +twenty-five percent (25\%) of the Members entitled to vote thereat. Quorum shall +be calculated separately for each motion that is put to a vote of the Members. + +\section{Adjournment} +Any meeting of the Members, whether or not a quorum is present, may be adjourned +from time to time and from place to place by the affirmative vote of a majority +of the Members present. + +\article{BOARD OF DIRECTORS AND OFFICERS} + +\section{Powers} +The Board shall possess and may exercise (subject to limitations imposed by the +Act or otherwise by law) all the powers and responsibilities required to +conduct the business and affairs of X.Org. Without limiting the generality of +the foregoing, the Board shall have the authority to: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item Establish, empower and dissolve committees and working groups as + it sees fit for the purpose of conducting the business and affairs of + X.Org; + + \item Promulgate such rules and regulations as may be necessary or + desirable for the operation of X.Org; + + \item be responsible for the enhancement of the public image of X.Org; + + \item determine the programs and activities of X.Org within the purposes + set forth in Article 0; + + \item protect the use of the X.Org name and associated logos; + + \item ensure effective organizational planning for X.Org; + + \item conduct annual elections for the representatives of the Board of + Directors; + + \item act as a court of appeal for any issues raised by the Membership + of X.Org; and + + \item assess its own annual performance and report the results of the + assessment to the Members. +\end{enumerate} + +\section{Constitution} +The Board shall consist of no more than eight (8) Directors, who are current +Members, elected by the Membership. No more than two (2) Members who have +declared company affiliations with the same company or institution as required +by Section 4 of Article 2 may serve as Directors at any given time. + +\section{Annual Elections} +Annual elections will be held at a Meeting of the Members to elect Directors so +as to bring the total number of Directors to eight (8). The four (4) Members +receiving the highest vote totals from the annual election will be considered an +elected Director and each such Director will hold office for a term of two (2) +years. If more than four (4) Directors are required to bring +the total number of Directors to eight (8), then each of the Members receiving +the next highest vote totals from the annual election required to bring the +total number of Directors to eight (8) will be considered an elected Director +and each such Director will hold office for a term of one (1) year. +\section{Special Elections} +Special elections are defined to be the same as Annual Elections, with the +following exceptions: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item Special Elections may be held at any time when a vacancy exists + unless the time of the Special election would fall within the one (1) + months prior to the Annual Election; and + + \item Regardless of the number of Directors required to bring the total + number of Directors to eight (8), the Director elected in a Special + Election will hold office for a term of time until the next Annual + Election. +\end{enumerate} + +\section{Resignation} +A Director may resign at any time by delivering notice to the Board or to the +Secretary of X.Org in either electronic or written form. The resignation is +deemed to take effect immediately upon receipt by the Board or Secretary of +X.Org. + +\section{Terminations} +At any time and from time to time, the Board may remove any Director with a +two-thirds (2/3) vote of the Directors. The Director who is the subject of the +removal action shall be entitled to participate in the meeting where the vote +shall take place, but shall not be entitled to vote on such an action or be +counted as a voting member of the Board when calculating the two-thirds (2/3) +vote. When multiple Directors are the subject of a removal action, each will be +considered separately and each vote to remove a Director shall be a separate +vote. The termination of a Director may be with or without cause. + +\section{Vacancy} +Vacancies of Director positions may arise from time to time and may be due to +death, resignation, termination, completion of elected term or lack of electable +candidates. Vacancies may be filled by Annual Elections or Special Elections of +Directors. In the event the board has 4 or fewer Directors, no new business may +be conducted until the vacancies are filled. The board may continue to conduct +business, however, as necessary to satisfy existing obligations. If at any time, +subject to the limits in 4.4.(i), there exists two (2) or more vacancies of +Director positions on the Board, a Special Election shall be held. + +\section{Procedures} +The Board shall have power to fix its own rules of procedure from time to time. +The Board shall keep minutes of its meetings in which shall be recorded all +action taken by it, and at least a summary thereof shall be submitted to the +Members at least annually. + +\section{Quorum} +No business may be transacted by the Board except at a meeting of the directors +at which a quorum of the board is present. A Quorum of the board shall be +defined as a majority of the full Board of Directors. + +\section{Annual Meeting} +An Annual Meeting of the Board shall take place at a time and place designated +by the Board. The purpose of the Annual Meeting shall be to conduct the +business of the organization, including but not limited to: appointing Officers +and organizing the Annual Election of Directors. + +\section{Special Meetings} +Special Meetings of the Board shall take place as deemed necessary by the +majority of the Directors. The purpose of such meetings shall be to conduct +the business of the organization. + +\section{Participation in Meetings} +Annual and Special Meetings of the Board may be held in person or by such means +of telephone, electronic or other communication facilities as permit all persons +participating in a meeting to communicate with each other simultaneously and +instantaneously, and persons participating in such a meeting by such means shall +be deemed present at that meeting. + +\section{Notice of Meetings} +Notice of Annual or Special Meetings of the Board held in person shall be +delivered to the Directors by the Secretary no less than one (1) month prior to +the meeting. Notice of Annual or Special Meetings of the Board held by any +other means than in person as described in Section 12 of Article 4 shall be +delivered to the Directors by the Secretary no less than twenty-four (24) hours +prior to the meeting. + +\section{Voting} +Unless otherwise required by these By-laws, questions arising at any meeting of +the Board shall be decided by a majority vote of the full Board of Directors. +Each Board member is authorized to exercise one vote. At all meetings of the +Board, a question shall be resolved by poll only if required by the Secretary or +requested by any Board member. A declaration by the Secretary that a resolution +has been carried and an entry to that effect in the minutes is conclusive +evidence of the fact without proof of the number or proportion of votes recorded +in favor of or against the resolution. + +\section{Other Members Present} +Each Member shall be entitled to speak but not to vote at any meeting of the +Board at which that person is present. Procedures for inviting of Members to +appear at any meeting of the Board shall be determined by resolution of the +Board. + +\section{Committees} +The Board from time to time may appoint such committee or committees as it deems +necessary or appropriate for such purposes and with such powers as it shall see +fit. The Chair of any such committee or committees shall be a Member of X.Org. +Any such committee may formulate its own rules of procedure, subject to the +approval, regulations or directions such as the Board may from time to time +make. + +\section{Remuneration} +The Board of Directors and Officers of X.org shall receive no compensation, +either directly or indirectly, for acting as such and shall not receive, either +directly or indirectly, any profit from their office. Expenses arising from +normal Director or Officer duties shall be considered for reimbursement by the +Board. + +\section{Requirements} +The Board shall produce the following statements to the Members annually within +sixty (60) days of the end of the fiscal year or as required by the Act or +other law: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item Annual financial report, prepared by the Treasurer and approved by + the Board; and + + \item Annual State of the Organization report, prepared by the Secretary + and approved by the Board. +\end{enumerate} + +\section{Officers} +The offices of Secretary of X.Org and Treasurer of X.Org shall be required +to exist at all times. Additional offices may be created or eliminated as +needed by resolution of the Board. The Officers holding each office shall be +appointed from the current Members of X.Org and approved by resolution of the +Board at its Annual Meeting or as required when office vacancies exist. +Officers will serve for a term of one (1) year or until the next Annual Meeting +of the Board, whichever comes first. + +\section{Leaving office} +An Officer may leave his office for a number of reasons, including but not +limited to: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item An Officer may resign at any time by delivering notice to the + Board in either electronic or written form. The resignation is deemed + to take effect immediately upon receipt by the Board; + + \item At any time and from time to time, the Board may removed any + officer, with or without cause, by a majority vote. The Officer shall + be entitled to participate in the discussion of the reasons for removal. + If the officer is also a Director, he shall not be entitled to vote on + the removal action or be counted as a voting member of the Board when + calculating the majority vote; and + + \item An office, other than Secretary or Treasurer, may be eliminated by + resolution of the Board and the Officer holding the eliminated position + will be required to leave his office. + +\end{enumerate} + +Upon leaving office, the Officer shall transfer any Equipment, Records or other +assets of X.Org required to perform his duties to such party or parties as are +designated by the Board. + +\section{Duties of Officers} +The duties of these officers shall be carried out in accordance with the +procedures descibed in these bylaws and other resolutions enacted by the board. + +The duties of Secretary shall include, but not be limited to: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item keeping the minutes and records of X.Org in one or more books + provided for that purpose; + + \item seeing that all notices are duly given and served to Members of + X.Org; + + \item be the official custodian of the records and seal of X.Org; + + \item maintain and keep the Board aprised of a list of all legal, + contractual and fiduciary obligations of X.Org; + + \item submiting to the Board any communications or notifications which + are addressed to the Secretary of X.Org; + + \item giving due notice of all meetings as directed by these By-laws; + + \item preparing an annual report on the State of the Organization; and + + \item carry out other such duties incident to histhe office as the Board + may assign. +\end{enumerate} + +The duties of the Treasurer shall include, but not limited to: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item receiving and giving receipts for all monies due or belonging to + X.Org and deposit such monies into to the bank or trust company as + directed by the Board; + + \item accounting for dispersement of the monies of X.Org and record such + information in the books provided for that purpose; + + \item rendering at regular intervals such as the Board shall determine a + written account of the finances of X.Org; + + \item making available the books at all times for inspection by the + Board; and + + \item carrying out other such duties incident to histhe office as the + Board may assign. +\end{enumerate} + +\article{PROTECTION OF DIRECTORS AND OFFICERS} + +To the fullest extent permitted by the General Corporation Law of the State of +Delaware, as the same exists or may hereafter be amended, a director of the +corporation shall not be personally liable to the corporation or its members for +monetary damages for breach of fiduciary duty as a director. + +\section{Right to Indemnification} +Each person who was or is a party or is threatened to be made a party to any +threatened, pending or completed action, suit, or proceeding, whether civil, +criminal, administrative, or investigative (other than an action by or in the +right of the corporation) by reason of the fact that he or she is or was a +Director or Officer of the corporation or is or was serving at the request of +the corporation as a director, officer, employee, or agent of another +corporation, partnership, joint venture, trust, or other enterprise, shall be +entitled to indemnification against expenses (including attorneys' fees), +judgments, fines, and amounts paid in settlement to the fullest extent now or +hereafter permitted by applicable law as long as such person acted in good faith +and in a manner that such person reasonably believed to be in or not be opposed +to the best interests of the corporation provided, however, that the corporation +shall indemnify any such person seeking indemnity in connection with an action, +suit or proceeding (or part thereof) initiated by such person only if such +action, suit or proceeding (or part thereof) was authorized by the Board of +Directors. + +\section{Advance Payment of Expenses} +Expenses (including reasonable attorneys' fees) incurred by any person who is or +was an Officer, Director of the corporation or who is or was serving at the +request of the corporation as an officer or director of another corporation, +partnership, joint venture, trust or other enterprise, in defending any civil, +criminal, administrative or investigative action, suit or proceeding, shall be +paid by the Foundation in advance of the final disposition of such action, suit +or proceeding upon receipt of an undertaking by or on behalf of such person to +repay such amount if it is ultimately determined that he or she is not entitled +under applicable law to be indemnified by the corporation. + +\article{TRANSACTION OF THE AFFAIRS OF X.ORG} + +\section{Financial Year} +The financial year of X.Org shall end on the 31st day of December in each year. + +\section{Checks, Drafts, Notes, etc} +All checks, drafts or orders for the payment of money and all notes and +acceptances +and bills of exchange above a minimum set by a resolution of the Board shall be +approved by the Board. + +\section{Books and Records} +The Board shall see that all necessary books and records of X.Org required by +the By-laws or by any applicable law are regularly and properly kept. + +\section{Banking Arrangements} +The Board shall designate, by resolution, the following items pertaining to the +banking arrangements of X.Org: + +\begin{enumerate}[(i)\hspace{.2cm}] + \item the monies of X.Org shall be deposited in the name of the + organization in an account specifically for the organization with the + bank or trust company that the Board has designated as X.Org's banker; + + \item the monies shall be drawn from such accounts only by check or + other order for payment signed by at least two such persons and in such + manner as determined by resolution of the Board of Directors; + + \item any agreement relating to any banking business shall be executed + and the rights and powers of the parties thereto shall be defined by the + Board of Directors; and + + \item any officer of the bank to do any act or thing on X.Org's behalf + to facilitate the banking business shall be so authorized by resolution + of the Board. +\end{enumerate} + +\section{Borrowing by X.Org} +Subject to the limitations set out in the Act or in applicable law or in the +By-laws, neither the Directors nor the Officers of X.Org may borrow money on the +credit of X.Org. + +\section{Entering into Contracts} +The Board shall approve, by resolution, any and all contracts entered into by +X.Org. To avoid potential conflict of interests, any Contract entered into by +X.Org in which a Member has an interest shall have fair and reasonable terms and +conditions equivalent to such terms and conditions as would exist if the +Contract were being entered into with a non-Member. + +\section{Non-Profit Statement} +X.Org is organized exclusively for scientific and educational purposes within +the meaning of Section 501(c)(3) of the 1986 Internal Revenue Code. + +\article{AMENDMENT} +These By-law may be altered, amended or repealed by an affirmative vote of +at least two-thirds (2/3) of the Members of X.Org. + +ENACTED as a By-law by the Members of X.Org at a meeting duly called and +regularly held and at which a quorum was present on the 22nd September 2003. + + +\end{document} |