Foundation Bylaws . . (Continued from Page 11) ARTICLE IV. OFFICERS Section 1. Election of Officers. The Officers of the Foundation shall be a President, Vice President, a Secretary and a Treasurer. All of the officers shall be elected by the Board of Trustees from among the members of the Board of Trustees at their annual meeting, except that in June 1964 the President shall be elected by the members of the Foundation for a two-year period. The terms of office of the officers shall commence at the annual meeting of the Board of Trustees and, except as set forth in the preceding sen- tence, they shall hold office for one year and until their respective successors are elected and qualified, whichever shall be later. Section 2. The President. The President shall preside at all meetings of the Board of Trustees and shall have general power to execute all contracts and other instruments in the name of the Florida Association of Architects Foundation, Inc.; and in addition such other duties as the Board of Trustees may, from time to time, direct. Section 3. The Vice President. The Vice President shall perform the duties and shall have the powers of the President during the absence or inability of the President. Section 4. The Secretary. The Secretary shall keep a record of all the acts and proceedings of the Board of Trustees and shall have charge of all books and papers, except those which are herein- after directed to be in charge of the Treasurer, and shall, in general, perform such other duties as the Board of Trustees may, from time to time, direct. Section 5. The Treasurer. a. The Treasurer shall have and exercise the powers and duties usually appertaining to the office of Treasurer. He shall receive all contributions to the Florida Associ- ation of Architects Foundation, Inc., and have the care and custody of all the money, funds, valuable papers or documents of the Foundation. He shall invest and keep invested the funds of the Foundation in such securities as the Board of Trustees shall, from time to time, direct. He shall deposit or cause to be deposited all its funds in and with such depositories as the Board of Trustees may, from time to time, direct. b. He shall have authority to sign all checks, drafts, or other obligations for payment of money, but such checks shall be countersigned by the President or Vice President. He shall endorse for deposit or collection or otherwise all checks, drafts and other negotiable instru- ments payable to the Foundation or its order. He shall keep accurate books of accounts relating to the moneys and financial affairs of the Foundation and shall render an account of its funds at meetings of the Board of Trustees. c. Non-Liability of Treasurer: The Treasurer shall not be personally liable for any decrease of the capital, surplus, income, balance or reserve of any fund or account resulting from any of his acts performed in good faith in conducting the usual business of his office. 12 d. Release from Liability: When a new treasurer takes office, the retiring treasurer shall turn over to his successor a copy of the closing audit of the Treasury and all the records and books of account and all moneys, securities, and other valuable items and papers belonging to the Foundation that are in his custody and possession. The incoming treasurer shall check the same and, if found correct, shall give the retiring treasurer his receipt therefore and a com- plete release of the retiring treasurer from any liability thereafter with respect thereto. Section 6. Books of Accounts. If directed by the Board of Trustees, the books of accounts may be in charge of and kept by a person or agency appointed by the President after consultation with the Board of Trustees. Such person or agency shall be under the direction of the Treasurer. ARTICLE V. COMMITTEES Section 1. Appointment of Committees. The Board of Trustees, acting through its President or Vice President, shall have power to appoint such com- mittees from its own membership as they deem desirable and shall give such committees such authority and power as is within the right of the Board of Trustees to grant, except that no such committee other than the Executive Committee shall be empowered to incur on behalf of the Foundation any obligation or liability not specifically provided for in the resolution empowering such committee to act. ARTICLE VI. AMENDMENTS Section 1. Amendments. These Bylaws may be amended, altered, added to or modified, or repealed at any time by the Members, at any meeting thereof, by the two-thirds of those Members, at the time in office and present at a meeting duly called for that purpose; provided that such notice of any such amendment, alteration, addition, modification or appeal be given to the Members at least twenty days before the meeting. PROPOSED RULES OF FAA BOARD RELATING TO FAA FOUNDATION 1. Staffing for the FAA Foundation will be provided and paid for by the Association under the direction of its Executive Director within the financial means authorized by the Board of Directors, FAA. 2. The Board of Directors of the Association will submit annually to the FAA Foundation a list of projects for consideration by the Foundation for funding and activation. 3. It is understood that should a potential contributor wish to support a project not on the FAA project priortiy list, this project would be referred to FAA with a request that a special project be prepared with the help of an appropriate FAA committee for ap- proval of the contributor. 4. The FAA Foundation alone will solicit funds from others than corporate members of the FAA, except as may otherwise be specifically authorized by the Board of Directors of the Association. THE FLORIDA ARCHITECT