Sustainable Terminal Services Inc

“Sustainable Terminal Services, Inc. is a New Jersey State nonprofit corporation whose members are six container terminal operators at the Port of New York and New Jersey. A representative from each of these companies serve on the board of trustees.”

“The Board of Trustees shall be elected annually by the Members. The Trustees elected may include some or all of the existing Trustees.”

“Form 990 will be sent to the accounting consultant and legal counsel along with the board of trustees for approval before filed.”

“To ensure the Organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. A) The periodic reviews shall, at a minimum, include the following subjects: Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. B)Whether partnerships, joint ventures, and arrangements with management organizations conform to the Organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further exempt purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

“Documents are available for public inspection upon request.”

“Every Member of the corporation is entitled to vote at a meeting of the members of the corporation or to express consent or dissent without a meeting may authorize another person or persons to act for him by proxy in all matters in which a Member of the corporation may participate. Every proxy shall be signed by the Member or his attorney-in-fact and shall be revocable at the pleasure of the Member executing it except as otherwise provided by law. No proxy shall be valid after the expiration of three years from the date thereof unless otherwise provided in the proxy.”

“Sts promotes environmentally sensitive, efficient, and secure marine terminal operations in the port of new york and new jersey; develops, implements, and manages systems related to enhancing the security, operational efficiencies, and environmental sustainability of marine terminal facilities in the port of new york and new jersey; develops programs and policies to enhance the awareness of the general public as well as federal, state, and local policy-makers and legislators of the capabilities, efficient operations, and public service provided by marine terminal operators in the port of new york and new jersey.”