Bylaws - Article Five

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Updated Sat, Mar 29, 2008. Questions? Contact me at "tuleya@yahoo.com"

Section 1

These Oregon High School Water Polo Committee Bylaws and Rules shall be considered adopted and effective upon the approval by simple majority of member schools in good standing.

Section 2

All income of the corporation from whatever source shall be intended solely to finance the operation of the corporation. No part or portion of the income shall incur to the individual benefit of any other private person; provided, however, that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purpose set forth in Article One, Section 1, hereof. Upon dissolution or final liquidation of the corporation, all assets, after all liabilities and obligations of the corporation are paid, satisfied and discharged, or adequate provision is made therefor, shall be distributed to Oregon Water Polo, Inc., to be used exclusively for the enhancement of water polo in Oregon; provided, however, that if Oregon Water Polo, Inc. is not then in existence, or is not then a corporation that is exempt under section 501(c)(3) of the Internal Revenue code and to which contributions, bequests and gifts are deductible under sections 170(c)(2) and 2522(a)(2) thereof, such assets shall be distributed to such a corporation or corporations to be used exclusively for educational or charitable purposes.

Section 3

These Bylaws or Rules may be amended, altered or repealed by a simple majority vote of the membership. Voting may be at the annual or any special meeting, or it may be accomplished by mail or facsimile balloting; providing, however, that such notice of such amendments, alteration or repeal shall be furnished each member with the notice of such meeting or balloting.

Adoption

Bylaws were originally "Adopted as amended by membership this 25th day of August, 1994". Revised Bylaws were "Adopted as amended by membership this 29th day of August, 2000". Possible other revisions edited on December 1, 2004, by OHSWPC Board.