The Suda Institute

“The initial number of Directors to constitute the Board of Directors is three (3) but the number of Directors shall not exceed nine (9) Directors, not including Board members Emeritus. The initial Directors are as set forth in the Articles of Incorporation. At the first annual meeting of the Board of Directors, the initial Directors are to elect by a majority vote their replacements (one or more of whom may be an initial Director). Subsequent Directors are to be elected at the succeeding annual meetings of the Board of Directors by a majority vote of the Directors then in office, except as otherwise provided in Section 2(c) and Section 3 of this Article. Each Director elected is to hold office until his or her successor is elected and qualified or until his or her removal or resignation as set forth herein.”

“The affairs of the corporation are to be managed by its Board of Directors. The Board of Directors is to (a) determine the activities which the corporation is to conduct from time to time, (b) determine the fund raising activities which the corporation will undertake from time to time, (c) determine the amount of dues, if any, which will be charged to members from time to time, as well as the classifications of members, if any, and all attributes and privileges associated with such memberships, (d) determine the services to be offered by the corporation, (e) review and approve all fiscal matters of the corporation, including, but not limited to, expenditures of the corporation's funds, fund raising activities, the lease, sale or purchase of real property and expenditures for capital improvements, (f) determine and control policies concerning the operation of the corporation, and (g) perform such other matters and conduct such other activities as are routinely delegated to the board of directors of non-profit corporations in the State of North Carolina. Notwithstanding the above, the Board of Directors may not cause the corporation to do anything in violation of its Articles of Incorporation.The Board of Directors may, by resolution, authorize any officer or agent of the corporation, in addition to the officers so authorized by these Bylaws, to enter into any contract or execute and deliver any instrument or document in the name of and on behalf of the corporation, and such authority may be general or confined to specific instances.Section 2. Loans. No loans or other debts may be contracted on behalf of thecorporation and no evidence of indebtedness may be issued in its name unless authorized by resolution of the Board of Directors. Such authority may be general or confined to DocuSign Envelope ID: A0C36A6E-6DD9-4CAD-9658-DDC50F86F9227 specific instances. General projected expenses for loans and debts may be approved via an annual budget by the board to be managed by agents of the corporation.Section 3. Gifts. The Board of Directors may by resolution authorize any officer or agent of the corporation to accept on behalf of the corporation any contribution, gift, grant, bequest, or devise for the general purpose or for any specific purpose of the corporation.”

“No review was or will be conducted.”

“All contracts and employees are reviewed and approved by CEO; confirmation of budget alignment with CFO. Budget including salary amount approved by Board of Directors. Comparability Report from the NC Center for Nonprofit used to establish and determine CEO, CFO, COO salary rates.”

“Upon request.”

“No documents available to the public.”