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FOUNDATION FOR THE PRESIDENT'S PRIVATE SECTOR
SURVEY ON COST CONTROL, INC.
shall have general control and management of all the property
and affairs of the Foundation with authority to exercise and
carry into effect all the purposes for which the Foundation is organized and all the powers vested in the Foundation by law.
The Board of
Number and Qualifications.
Such number may be
Trustees shall consist of three persons.
changed by amendment to this section so as to increase or de
crease the number of trustees to not more than fifteen nor
mencing with the Spring of 1983, the Board of Trustees shall hold an annual meeting at which they shall elect trustees to
serve for the ensuing year.
Each trustee shall hold office
until the next annual meeting and until his successor shall have been elected and qualified (unless he sooner ceases to be a trustee by reason of his death, resignation or removal). Section 1.04. Resignation and Removal.
A trustee may resign at any time by giving written notice to the Board of Trustees, the President or the Secretary. Such resignation shall take effect at the time specified therein or, if no time is specified, immediately upon its receipt by the Foundation. The acceptance of such resignation shall not be necessary
to make it effective unless otherwise specified therein.
A trustee may be removed with or without cause by the
affirmative vote of two-thirds of the trustees then in office
at any meeting of the trustees duly held pursuant to notice specifying such proposed removal.
Section 1.05. Filling of Vacancies. If the office of any trustee becomes vacant for any reason (including a vacancy arising by reason of an increase in the number of trustees as contemplated by section 1.02), such vacancy may be filled by a majority of all the trustees remaining in office at a meeting duly held pursuant to notice specifying such proposed election.
Section 1.06. Regular Meetings. Regular meetings of the Board of Trustees shall be held at such times and places, within or without the District of Columbia, as may be determined by the Board of Trustees. All regular meetings may be held without notice, except as otherwise expressly provided in these By-laws or by law.
Section 1.07. Special Meetings. Special meetings of the Board of Trustees shall be held upon notice at such times and places, within or without the District of Columbia, as may be determined by the Board of Trustees, by the President or the Secretary, or by any two trustees calling the same.
Section 1.08. Notices of Meeting. Except as otherwise expressly provided in these By-laws, notice of the time and place of each meeting of the Board of Trustees shall be given to each trustee personally or by mail, telephone, telegraph, cable or wireless. Any such notice shall be given not less than 24 hours before the time set for the meeting, except that notice by mail shall be given not less than 3 days before such time. Notice shall be deemed to have been given personally to a trustee if delivered to his residence or usual place of business as it appears on the records of the Foundation, or to such other address as may have been specified by such trustee in a written notice to the Secretary of the Foundation. No notice shall be required to be given to any trustee as to any meeting if such trustee is personally present or, either before or after the meeting, signs a written waiver of notice of the time and place of such meeting.
No notice of any meeting of the Board of Trustees need specify the purpose or purposes for which the meeting is called, except as otherwise expressly provided in these By-laws or by
Section 1.09. Quorum and Voting. Except as otherwise ex
pressly provided by law, a quorum shall be necessary for the transaction of business. At all meetings of the Board of Trustees one-third of the number of trustees specified in section 1.01 (but not less than two trustees) shall constitute a quorum for the transaction of business. Except as otherwise expressly provided by law or these By-laws, the act of a ; majority of the trustees present at any meeting at which there is a quorum shall be the act of the Board of Trustees.
A majority of the trustees present at any meeting of the Board of Trustees (or if only one be present, then that one) may, although less than a quorum, adjourn the same from time to time, without notice other than announcement at the meeting, until a quorum shall be present.
Section 1.10. Action by written consent of Directors. Any action required or permitted to be taken at any meeting of the Board of Trustees may be taken without a meeting, if all members of the Board of Trustees consent in writing to the taking of such action. Such written consents shall be filed with the minutes of the proceedings of the Board.
Section 2.01. Officers. The officers of the Foundation shall be elected by the Board of Trustees and shall consist of a President, one or more Vice Presidents, a Secretary, a Treasurer, and such Assistant Vice Presidents, Assistant Secretaries and Assistant Treasurers as shall be elected by the Board of Trustees
from time to time. The same person may hold two or more such offices except the offices of President and Secretary. Officers need not be trustees of the Foundation.
The Board of Trustees may appoint such other executives, ; agents and representatives of the Foundation for such terms, and with such titles and duties as it may deem advisable.
Section 2.02. Election and Tenure. The officers shall be elected by the Board of Trustees at its annual meeting. Each officer shall hold office until the next annual meeting of the Board of Trustees and until his successor is elected and qualified, or until his death, resignation or removal.
Section 2.03. Duties, and Powers. In addition to any duties and powers prescribed by other provisions of these Bylaws, the officers and assistant officers shall have such duties and powers as are usually incident to their respective offices with such additions and limitations thereto as may from time to time be prescribed by the Board of Trustees or by their superior
Section 2.04. Resignations, Removals and Vacancies. Any
officer may resign at any time by giving written notice to the Board of Trustees, the President or the Secretary. Such re
no time is specified, immediately upon its receipt by the Foundation. The acceptance of such resignation shall not be necessary to make it effective unless otherwise specified therein. Any officer may be removed at any time, with or without causė, by the Board of Trustees. A vacancy in any office or position arising from any cause may be filled for the unexpired portion of the term by the Board of Trustees.
The President shall be
the chief executive officer of the Foundation and shall have general charge and supervision of the business of the Founda
tion and over its several officers, subject, however, to
the control of the Board of Trustees.
A Vice President shall
perform such duties as from time to time may be assigned to
him by the President or by the Board of Trustees.
The Secretary shall keep
or cause to be kept a record in books provided for that purpose of all the meetings and proceedings of the Board of
Trustees. He shall notify the trustees of their meetings and shall have charge and custody of the Foundation's seal.
The Treasurer shall have
charge and custody of, and be responsible for, all funds and securities of the Foundation and shall deposit all such funds in the name of the Foundation in such depositaries as shall be selected in accordance with the provisions of section 3.01. He shall, subject to the direction of the Board of Trustees
or of a superior officer, pay out or cause to be paid out,
and shall supervise the disbursement of, moneys of the
Deposits, Checks, etc.
Section 3.01. Deposits. Funds of the Foundation may be deposited from time to time to the credit of the Foundation with such depositaries as may be selected by the Board of
Checks, Drafts, etc.
All checks, bills
of exchange and other orders for the payment of money, promissory notes, acceptances or other evidences of indebtedness are to be signed by such officer or officers, employee or employees, agent or agents of the Foundation, and in such manner,
are authorized by resolution of the Board of Trustees,