1.The sitting board of trustees shall continue till the new board assumes the responsibility. The sitting board of trustees shall meet either at the first scheduled meeting of the new board of trustees meeting or sooner to receive and accept the election of the new board of trustees. The out going chairman will convene the first regular meeting of the new board of trustees. The first order of business shall be the official recognition of the out going chairman to become past chairman and outgoing chairman elect to become chairman.

 

Section 3 : REGULAR MEETINGS

  The Board of Trustees will meet periodically but not less than twice a year. A simple majority of the board will constitute a quorum for transaction of the business at any board of trustees meeting.T he board of trustees will meet every quarter and keep the minutes of the meeting.

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Article V : THE EXECUTIVE COMMITTEE

 Section 1 : Life members will be part of the EXECUTIVE BODY.This is also called Peddapuram Development Council.

 

Section 2 : There is no limit for the membership number as along as they comply with the objectives of the Foundation .

 

Section 3 : The Life members will elect President, President Elect, Secretary, Treasurer for a term of 2 years, which is called Executives Committee. The President will be called from now on as President of Batchu Foundation.

 

Section 4 : This Executive body will meet once a month to implement the budget provided by the Board of Trustees.

 

Section 5 : The monies will be kept in State Bank Of India. A locker will be maintained at the State Bank of India . The President and the treasurer will be jointly operating the Bank account set aside for the budget .In the absence of either one the President elect can co sign to operate the account or the locker. The minutes recorded in the monthly meeting will authorize transactions by the President and rest of its members.