ISE DESCENDANTS UNION, IDU, BYLAWS
We, the descendants of Ise-Ekiti, hereby come together and form this non-profit organization, for the promotion of the culture, values, and language of Ise-Ekiti around the world.
To help build a secured, proficient, and flourishing Ise-Ekiti, with comfortable indigenes.
To blaze a trail for the coming generations, through the mobilization of infrastructure, services, training, and tools, for Ise-Ekiti to be productive, and the indigenes to live in dignity.
ARTICLE I: NAME OF ASSOCIATION AND GENERAL INFORMATION
The legal name of the entity is: “Ise Descendants Union, Inc.” in short “IDU.”
The legal name is hereafter referred to as the “Entity”, “Organization” or “Corporation.”
The permanent address of the entity/organization is:
Ise Descendants Union, IDU,
P.O. Box 472124 Aurora,
The President of the entity/organization or the main contact person is Mr. Samuel Adebayo Falope.
Main contact by telephone is: 303-618-6660.
ARTICLE II: CORPORATION PURPOSE
Section 1 – Nonprofit
Ise Descendants Union, Inc. hereby known as IDU, is a non-profit Corporation formed for charitable, cultural, educational, agricultural, and infrastructural developments, under section 501(c)(3) of the Internal Revenue Code of the United States of America, USA, or the corresponding section of any future federal tax code.
Section 2 – Specific Purpose
IDU is exclusively created for the development of the town of Ise-Ekiti – Headquarters of Ise/Orun Local Government Area of Ekiti State, Nigeria.
The specific objectives of the organization shall be:
- Promote infrastructural, educational, economic, cultural, and social development in Ise-Ekiti.
- Stimulate agricultural improvement, through the introduction of modern equipment, training, and seedlings in the town.
- Inspire human resource development and capacity building in the township.
- Encourage harmony, solidarity, and progress among the people of Ise-Ekiti/ Ise-Ekiti and her neighbors.
- Work with like-minded personages, associations, and government agencies for the advancement of Ise-Ekiti.
ARTICLE III: MEMBERSHIP
Section 1 – Number of Members
The membership of IDU shall consist of 15 like-minded friends, who meet the following requirements:
Both or one of the biological parents were/was (are/is) Ise-Ekiti indigene(s.)
Born or raised in Ise-Ekiti, and considers self as an indigene of the town.
Section 2 – Eligibility for Membership
The voting members of IDU shall comprise of the participants who support the objectives of the association and pay their annual dues when due.
Section 3 – Annual Due
Every member of the association shall pay $200 annually – payable once, twice, or quarterly. Continued membership of the association is contingent upon being up-to-date on the membership due by the last day of a calendar year.
Section 4 – Rights of Members
Each member shall be:
Eligible to run for office.
Vote during the association election.
Contribute to association debates.
Request for association documents and banking statements.
ARTICLE IV: MEETINGS OF MEMBERS
Section 1 – Regular Meetings
Regular meetings of the members shall be held on the second Sunday of every month from 8:00 PM Eastern Time, USA.
Section 2 – Annual Meetings
An annual meeting of the association shall take place on the second Sunday of December from 8:00 PM Eastern Time, USA. At the annual meeting, members shall deliberate on the past or ongoing activities of the association, and determine the club’s direction for the coming year.
Section 3 – Special Meetings
The president may call special meetings, if approved by the Executive Council, in case of emergencies.
Section 4 – Quorum
A quorum for the meeting of the association shall consist of at least 50 percent of the active members.
Section 5 – Voting
All issues to be voted on shall be decided by 2/3 of the members of the association. However, it is very imperative for the association to avoid ‘winners take all,’ by being deferential to the minority.
ARTICLE V: OFFICERS
Section 1 – Executive Committee
The association shall have an Executive Committee that will direct its affairs. The committee may be enlarged, if 2/3 of the members agree to do so:
Director of Publicity
The President shall have the following responsibilities:
Call meetings and presides over them or delegates the Secretary to preside in his/her absence.
Coordinate the activities of the association – home and abroad.
Ensure that the association achieves its undertakings by the deadline.
Cosign checks with the Treasurer.
The Secretary shall have the following responsibilities:
Keep the minutes of meetings, attendance, and elections.
Manage the association’s records and correspondence.
Maintain members’ addresses, e-mail addresses, and telephone numbers.
Preside at association meetings in the absence of the president.
The Treasurer shall have the following responsibilities:
Collect dues and deposits such into association’s bank account.
Document revenues/expenditures, and pays authorized bills.
Prepare financial reports and directs the annual tax returns.
Cosign checks with the president.
Director of Publicity:
The Director of Publicity shall have the following responsibilities:
Inform the public/media about association’s activities when necessary.
Publicize club activities through email, social media and club website.
Organize events and public activities on behalf of the association.
Keep records of the functions of the association.
Section 2 – Annual Election
Annual Elections shall be held at the general meeting each December.
Interested candidates for office shall declare their intent to run at the October meeting.
All elections shall be secret ballot and conducted by a member appointed by the members of the association.
The term of all elected positions shall be one year.
An officer shall remain in his/her position, if other members of the association don’t run for that office.
ARTICLE V: COMMITTEES
The association may create committees as needed, such as fundraising, events, public relations, information gathering, etc.
ARTICLE VI: Conflict of Interest and Compensation
Section 1 – Purpose
The purpose of the conflict of interest policy is to protect this tax-exempt organization’s (Organization) interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the Organization or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to nonprofit and charitable organizations.
Section 2 – Definitions
Any member of the association, who has direct or indirect financial interests, as defined below, is an interested person.
A member has a financial interest if he/she has, directly or indirectly, through business, investment, or family:
An ownership or investment interest in any entity with which the Organization has a transaction or arrangement,
A compensation arrangement with the Organization or with any entity or individual with which the Organization has a transaction or arrangement, or
A potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which the Organization is negotiating a transaction or arrangement.
Section 3 – Procedures
Duty to Disclose – In connection with any actual or possible conflict of interest, an interested member must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the members of the association.
Determining Whether a Conflict of Interest Exists – After disclosure of the financial interest and all material facts, and after any discussion with the interested member, he/she shall leave the meeting while the determination of a conflict of interest is being discussed and voted upon. The remaining members shall decide if a conflict of interest exists.
Procedures for Addressing the Conflict of Interest – An interested person may make a presentation at the meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest.
Violations of the Conflicts of Interest Policy
If the association has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose.
If, after hearing the member’s response and after making further investigation as warranted by the circumstances, the association determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.
Section 4 – Compensation
A member of the association who receives compensation, directly or indirectly, from the Organization for services is precluded from voting on the matters pertaining to that member’s compensation.
A member of any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Organization for services is precluded from voting on matters pertaining to the member’s compensation.
Section 5 – Dissolution
The Corporation may dissolve and wind up its affairs in the manner provided by the Colorado Nonprofit Corporation Act, but upon such dissolution, the assets of the Corporation shall be applied and distributed as follows: (a) all liabilities and obligations of the Corporation shall be paid and discharged, or adequate provisions shall be made therefore. (b) Assets held by the Corporation on condition requiring return, transfer, or conveyance, which condition occurs conveyed in accordance with such requirement. (c) The remaining assets held by the Corporation shall be distributed pursuant to a plan of distribution adopted as provided in Section 7-26-104 of the Colorado Nonprofit Corporation Act, unless otherwise provided by law.
This Entity is set up as a perpetual organization to last for long as possible.
This Corporation may also be dissolved at anytime.
No part of any surviving property of the Corporation may be passed on to any member of this Entity.
The entire surviving properties of the Corporation shall be passed to any other not-profit organizations elected by the members of the Corporation and according to the laws of the state of Colorado.
ARTICLE VII: BOOKS AND RECORDS
The association shall keep complete books and records of accounts and minutes of the proceedings of the group.
ARTICLE VIII: AMENDMENTS
Section 1 – Articles of Incorporation
Any Article of the Bylaw may be amended at a special meeting of the association, provided that the proposed amendment or its summary has been debated by the members of the association.
Section 2 – Bylaws
The association may amend these Bylaws by 2/3 majority vote at a special meeting of the group, provided that the proposed amendment or its summary has been debated by the members of the association.
ADOPTION OF BYLAWS
We, the undersigned, as the founding members of this association, hereby consent to, and do adopt the foregoing Bylaws, on our behalves and those of the future members of the association.
ADOPTED AND APPROVED by the members of IDU on this Sunday, 10th day of May, 2020.
Samuel Falope – Founding Member.
Dele Ajaja – Founding Member.
Sola Kumapayi – Founding Member.
Abiodun Daramola – Founding Member.
Rufus Olorunyemi – Founding Member.
Joy Ogunniyi – Founding Member.
Segun Famewo – Founding Member.
Air Vice Marshal Niyi Ojuawo Rtd
Engr Ayodele Salami
Prof. Isaac Adanlawo
Engr. Kola Fatoba
Chief Kolawole Leshaodo