Amendment Proposal Two

Approved for offering on the ballot and posting here by the officers of  FSBVG in February, 1999. 
Posted July 17, 1999. 

The purpose of this proposal is to plan for the possible day when it may seriously be suggested that the FSBVG disband.

SECTION (to be Roman numerated so that it is the final section of the Charter). TERMINATION OF ASSOCIATION  

1. Termination of this Association, to discontinue its operations and disband it entirely, may be initiated by the Board of Directors, if it submits the termination question to a vote of the membership eligible to vote, and two-thirds of those members eligible to vote cast them in favor of the termination of the Association.

2.  If termination of the Association is thus initiated by a vote of the membership, the Board of Directors shall make immediate provision for payment of all outstanding liabilities.

3.  Then the Board of Directors shall award any funds in the Association's accounts to a not-for-profit organization of its choice.

4.  Appropriate final reporting to appropriate regulatory agencies will be performed.

5.  After completing all final financial settlements, the Board of Directors shall make the final announcement to the FSBVG membership of the accomplishment of the termination of the Association.
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