Rockport Library Foundation

“The following changes to the foundation's bylaws were adopted by the board: article i name and purpose: the end of paragraph 1 and all of paragraphs 2 and 3, describing the on going purpose of the organization, was removed and amended as "after construction of the rockport library buildings and grounds, the purpose of the rockport library foundation shall be to raise funds to support the physical facilities, operations, and programs of the library." a new paragraph was added, "the corporation is also established as a 501 (c)(3) public charity organization under federal law and maine 13-b public benefit corporation under the laws of hte state of maine. The articles of incorporation are by reference made part of this paragraph." article ii section 2 election and composition of board: the bylaws were revised to cap the number of board members serving at any time at 15. Article ii section 3 resignation, removal: vacancies: sentence 2 was revised from "any director may be removed at any time by vote of a majority of the directors present at the meeting..." to now read "any director may be removed by vote of a majority of the directors present at a meeting called for that purpose..." article ii section 4 annual meeting: this section of the bylaws has been removed and the space is reserved for future use. Article iii officers: a new section was added: "4. Vice-president. The vice-president shall have the authority and duties of the president in the abscence of or as delegated by the president." article vi miscellaneous: section 1 has been revised to designate the fiscal year for the foundation as "july 1 to june 30."”

“Form 990 is reviewed and approved by the board before being filed by the authorized paid preparer”

“Board members are required to disclose any potential conflicts of interest as they arise, at which time the board shall determine whether a conflict of interest exists and what action to take. Failure to disclose potential conflicts of interest will result in disciplinary or corrective action, as determined by the board.”

“Governing documents are available to the public upon request.”

“To raise funds to support the public purpose of construction of the town of rockport public library, a public facility operated by the town of rockport, maine, a state of maine municipal entity/governmental unit which has section 170(c)(1) tax exempt status status under the internal revenue code. After construction of the rockport public library buildings and grounds, the purpose of the rockport library foundation shall be to raise funds for suppor of operations, maintenance of buildings and imporovements and the resources of the library.”