Lone Star Construction Trades Training

“Article 1V of Bylaws: 4.01 Number of Directors Lone Star Construction Trades Training shall have a Board of Directors consisting of at least 3 and no more than 15 Directors.”

“Article 1V of Bylaws: 4.04 Qualifications and Election of Directors Directors may be elected at any Board meeting by the majority vote of the existing Board of Directors. The election of Directors to replace those who have fulfilled their term of office shall take place in January of each year.”

“Article 1V of Bylaws: 4.08 Manner of Acting (b) Majority Vote. Except as otherwise required by law or by the Articles of Incorporation, the act of the majority of the Directors present at a meeting at which a quorum is present shall be the act of the Board.”

“No commitees have been established only board members”

“A copy has been presented and given adequate time for review and corrections”

“Article VIII of Bylaws: 8.03 Conflict of Interest The Board shall adopt and periodically review a Conflict of Interest Policy to protect the corporations interest when it is contemplating any transaction or arrangement which may benefit any Director, officer, employee, affiliate, or member of a committee with Board-delegated powers.”

“Article IV of Bylaws: 4.10 Compensation for Professional Services by Directors Directors are not restricted from being remunerated for professional services provided to the corporation. Such remuneration shall be reasonable and fair to the corporation and must be reviewed and approved in accordance with the Board Conflict of Interest policy and applicable state law or law of the U.S. territory.”

“Article IV of Bylaws: 4.10 Compensation for Professional Services by Directors Directors are not restricted from being remunerated for professional services provided to the corporation. Such remuneration shall be reasonable and fair to the corporation and must be reviewed and approved in accordance with the Board Conflict of Interest policy and applicable state law or law of the U.S. territory.”

“Article X of Bylaws: Section 3. Minimum Retention Periods for Specific Categories (a) Corporate Documents. Corporate records include the corporations Articles of Incorporation, Bylaws and IRS Form 1023 and Application for Exemption. Corporate records should be retained permanently. IRS regulations require that the Form 1023 be available for public inspection upon request. (b) Tax Records. Tax records include, but may not be limited to, documents concerning payroll, expenses, proof of contributions made by donors, accounting procedures, and other documents concerning the corporations revenues. Tax records should be retained for at least seven (7) years from the date of filing the applicable return.”

“Rounding adjustment”

“Training Helper/Assistant, Training Instructor and contractors”

“Application fee for apprenticeship, Classroom meals, Electrical Apprentice License, Training Expense, Uniform”