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By - Laws Meeting Auguat 19, 69 Atlanta Urban Corps 0 Inc . At Offices of Nall, Miller. Cadenhead & Denis Present: Dennis Webb 0 Attorney For the Urban Corp : Hugh Saxon Dave Whelan Sam 'W illiama Mr . Webb explained the exemption certificate i sued to Atlanta Urban Corps . Inc. by Internal Revenue. We can choo e our own fiscal year but must file IRS annual report five months (5) after start of operation. (If January is first of fiscal year, file in May, if June th n in October). To revise By-Laws, look at old By-Laws and see revi ion methods. Mr. Webb suggested that we get big money backers on Board of Trustees to help Atlanta Ur n C o rpe . Inc. get funds for payroll coffer . He lso suggested borrowing payroll money and get a firm to underwrite the intere t payments. The ener 1 conclusion of the m eting we re: Atlanta Urban Corps, Inc. now ha tax exemption certified by • R . S. ; the Board of Trustees is a legal body, v n though the Urban Corp• is not operating und r its responsibihty; the Board of Truat ea c n amend the By-Laws by "a majority vote of those in attendance at any properly-called me~ting"; the new director hould rejuvinate the membership committee, conven the Trastees , get the By-Lawe revi ed and let the Trusteee, help eolve eome of the probl ms the Urban Corps has, whether they be financi 1, admini trative, dealing with college or governmental gencies. Mr. Webb has the corporation papers, charter and exemption certificate in ht file. Sam Williams D;T ctor Atlanta Urban Corps �