TSWPC Club Constitution
The Club Constitution is a large document covering all aspects of the club, members and operations.
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Section 17 - 18
17.1 The property of the Club, other than cash at the bank, shall be vested in not more than four Custodians. They shall deal with the property as directed by resolution of the Committee and entry in the minute book shall be conclusive evidence of such a resolution.
17.2 The Custodians shall be elected at a General Meeting of the Club and shall hold office until death or resignation unless removed by a resolution passed at a General Meeting.
17.3 The Custodians shall be entitled to an indemnity out of the property of the Club for all expenses and other liabilities properly incurred by them in the discharge of their duties.
18.1 A resolution to dissolve the Club shall only be considered at a General Meeting and shall be carried by a majority of at least three quarters of the members present and entitled to vote. A specific date for the dissolution should be included in the resolution.
18.2 The dissolution shall take effect from the date specified in the resolution and the members of the Committee shall be responsible for the winding-up of the assets and liabilities of the Club.
18.3 Any assets remaining after discharge of debts and liabilities of the Club shall be given to other non-profit making organisations having objects similar to those of the Club for furtherance of such objects nominated by the last Committee.