BY-LAWS

(Revised in 2001)

 SECTION I


 Constitution and Objective


ARTICLE I


On May 17, 1969, in the city of New Bedford, Massachusetts, United States of America, an organization was formed by the name of “Associação Beneficente Faialense”, and in accordance with the statutes approved on May10, 1970, was changed to “Fundação Beneficente Faialense, Inc.”


ARTICLE II

In a General Assembly made up of members of the organization held on March 3, 1995, it was decided that the organization known as “Fundação Beneficente Faialense, Inc.” from this day be referred as “Fundação Faialense, Inc.”

ARTICLE III

“Fundação Faialense” is an organization, who’s sole purpose is the attribution of scholarships.

ARTICLE IV

The principal objective of this organization is the granting of educational scholarships to students who apply themselves to their studies and demonstrate knowledge in the field they are studying. At the same time demonstrate a financial need in order to continue or obtain an education. Therefore, allowing this organization to form a “Monetary Fund” to assist such projects.

ARTICLE V

The Fundação Faialense shall, in its process of selecting scholarship recipients, give first preference to those students who are from the island of Faial, Azores, their descendants, and then those who are members of the Fundação and/or their children. The Fundação shall always promote the Faialense culture, social and economic progress of Faial, Azores and the communities where in which they live.

SECTION II

Scholarships, Qualifications and Scholarship Amount

ARTICLE I

The Scholarships shall be awarded annually to those attending a college or university offering an Associates Degree or higher. These scholarships shall be awarded to students demonstrating, through their grades, application to their course of study and high moral standing. The awarding of scholarships shall be done in the following order of priority:


1.  To students born on the island of Faial and/or their descendants.

2.  To students who are members of the Fundação and/or children of members.

3.  To students who show high academic standing.

4.  To students who show a greater financial need.

5.  To students who maintain a grade point average of 3.00 and above.

6. To those students who have already received a scholarship and maintain conformity with the above  1 through 5, a minimum 3.0  grade point average and they continue to apply through the 7th year at an University.


ARTICLE II

The number of scholarships and their amount shall be decided annually by the Supreme Council of the Foundation in accordance with the plan set forth for such reason at the beginning of each fiscal year. Being established for each scholarship the minimum of  $500.00 and up to the maximum of  $1000.00 depending on the financial situation of the Fundação.

 ARTICLE III

The total number of scholarships to be awarded annually shall be divided 50/50 by those candidates residing on the island of Faial, Azores and those residing in the United States with the priority being given to those areas in which the Foundation has representation and a regional delegation.

ARTICLE IV

In order to keep the selection process fair and impartial, a selection committee shall be established for the purpose of selecting the scholarship recipients. Those on the committee shall have no affiliation with the Fundação or any of its members. This committee shall make their selection using a scoring system established by the Fundação and all applications shall be kept confidential and names will be deleted from applications before turning over to the selection committee. Among those on the committee should be two high school teachers.


SECTION III

 Administration

ARTICLE I

The administration of the “Fundacao Faialense, Inc.” will be headed by a group, which shall be known as the “Supreme Council.” This administration will be comprised of five (5) directors who shall be nominated for a term of five (5) years and who will administer the following position in organization:

President

Vice President

Treasurer

Secretary

Director of Public Relations 

ARTICLE II



All positions within the Supreme Council shall be filled with a term of five (5) years. Each position to be filled shall be done so through a nomination process from the current members of the Supreme Council and the successful nominee shall administer his/her duties in the following order:

Year 1: Director of Public Relations

Year 2: Treasurer

Year 3: Secretary

Year 4: Vice President

Year 5: President

 ARTICLE III

The newest incoming member shall always fill the position on the “Director of Public Relations” to the Supreme Council, even if the position to be filled is not that of the Director of Public Relations. The President of the Supreme Council, after finishing his term, shall automatically relinquish any and all powers and will not be allowed, again, to occupy a position within the Supreme Council till after one year of his last day in that position. All of the other directors shall move up on position annually as stated in  Section III, Article II.

ARTICLE IV

The members of the organization have charged the Supreme Council with the responsibility of administering and overseeing the Reserve Fund and the investments of the organization. They will also see to it that an outside committee selects the scholarship recipients. The annual meeting of the members shall be organized by the Supreme Council in conjunction with the Delegations of the organization.

ARTICLE V

Collectively, the Supreme Council shall administer the organization, in every dimension, to the best of their ability. In order to do so and for a better understanding amongst the various officers, it is advisable that a description of duties and responsibilities be given to each officer.

 

Sub Article A: President

The President shall administer and oversee the Foundation in every dimension. The president shall lead and conduct all meetings of the Supreme Council while delegating responsibility and motivating those who have been with specific duties pertaining to the foundation. It is also the responsibility of the president to organize and head the annual meeting and/or banquet of all members of the foundation. The president shall also be responsible for the annual budget report for the foundation to all the members.

Sub Article B: Vice President

The Vice President shall assist the president in all that is necessary. The vice president shall resume the responsibilities of the president when the president is unavailable or should he/she be unable to carry out the duties bestowed upon him/her. The vice president shall be given the responsibility of organizing and overseeing the student scholarship selection process.

Sub Article C: Secretary

The duties of the Secretary shall include the notification to all members of the foundation to all meetings, record the minutes to each and keep the line of communications free and open between all parties dealing with the foundation. The secretary should be in charge of keeping an accurate record of all members of the foundation, contributors and contributions within the foundation.

Sub Article D: Treasurer

The Treasurer is responsible for all the monetary dealings of the foundation including the Reserve Fund. The treasurer shall keep accurate and detailed records of all transactions made within the organization and assist in preparing the yearly report to the members on the financial standing of the organization. He/she shall oversee the investments and all property with value to the organization. When it is necessary to move all the investments at one time from the Reserve Fund, the Treasure must meet with the Supreme Council and the Fiscal Board of Directors for this movement to be approved.

Sub Article E:  Director of Public Relations

The Director of Public Relations shall be the contact person with all outside agencies and the community in general, most especially with all forms of media here in the United States and Portugal. He/she will be the goodwill ambassador for the foundation.


SECTION IV

Board of Directors

ARTICLE I

The Supreme Council has within its powers, to nominate members to the “Board of Directors.” The number of members within this board shall be unlimited and shall be set aside for those ho have contributed in one way or another to the betterment of the foundation. Those being selected for the board are considered “Honorary Board Members” and will be permanent members of the Foundation.

SECTION V

Regional Delegations

ARTICLE I

 The Supreme Council, while always taking into consideration the betterment of the Fundação, shall create “Regional Delegations” to represent the Fundação throughout the Greater New England region and beyond. In order to create a delegation, you must have a minimum of twenty (20) new paid members from each of its representative geographic region. Each delegation shall continue as long as there are active members. No minimum number of delegates is required for a delegation to maintain active status.

ARTICLE II

The delegations, in each of the zones they represent, shall recruit and maintain a membership in their respective regions. These members, collectively, shall constitute what will be known as ‘The General Member Assembly of the Foundation’.

ARTICLE III

The delegations shall form and constitute a “Regional Legislative Assembly” which shall represent that region’s membership at general assembly meetings. This legislative group shall be granted the power to approve statutes and bylaws to the constitution of the Foundation.

ARTICLE IV

Each delegation must submit in writing to the Supreme Council any and all types of fundraisers, memos or work requests for approval before they commence with any activity under the name of the Foundation.

SECTION VI

 Delegation in Horta

ARTICLE I

The Supreme Council shall be responsible for nominating one or more delegates on the island of Faial who can assist the Foundation in the recruitment of possible candidates on the island whom they feel would be good candidates to add to the selection process for scholarships by the Supreme Council.

SECTION VII

 Fiscal Board of Directors

ARTICLE I

The Supreme Council shall annually nominate a “Fiscal Board of Directors” that shall be comprised of one (1) active member from each regional delegation. It is yet the responsibility of the Supreme Council to nominate one (1) member of the General Assembly who does not hold a legislative or executive position in any part of the Foundation to preside over the Fiscal Board of Directors. The Delegations have the right to indicate to the Supreme Council, their member for the Fiscal Board of Directors.

ARTICLE II

The Fiscal Board of Directors shall also be charged with the duty of annualizing and overseeing the fiscal activities of the foundation. They shall also prepare a balance sheet, financial sheet, check all receipts, expenses and status of the Reserve Fund thirty (30) days prior to the annual members meeting for general reporting purposes. It is therefore necessary that the Supreme Council submit all account books and documents necessary for the approval by the Fiscal Board.

ARTICLE III

The balance sheet and/or fiscal status of the Foundation including all receipts, expenses and status of the Reserve Fund shall be printed and made available to all members of the organization upon request at the end of each fiscal year or at the last meeting held for that fiscal year by the outgoing Supreme Council President. During such time, members may request to view the financial books of the Foundation and they shall be made available for that purpose.

SECTION VIII

Fiscal Year

ARTICLE I

The Fiscal Year for the Foundation shall begin on July 1st of each year and end on the following year on June 30th. All fiscal activities occurring within that time, regardless of when the banquet was held or when the slate of officers went into effect, shall be considered part of that fiscal year.

SECTION IX

Reserve Fund

ARTICLE I

The Reserve Fund for the Foundation was established to ensure financial backing for the disbursement of Scholarships given annually by the Foundation. These scholarships are awarded through students whom have received prior approval from the Supreme Council.

ARTICLE II

To guarantee the continuance of the Reserve Fund while at the same time guaranteeing the mission of the Foundation, all active assets in the Reserve Fund at the end of each fiscal year of each administration, shall not be used to fulfill any obligation of the Foundation. All funds transferred from one fiscal year to another shall be considered in trust and untouchable.

ARTICLE III

Only the interest received from the Reserve Fund along with those funds, which were generated throughout the year, shall be used for financial backing of the scholarships and other financial obligations of the Foundation.

ARTICLE IV

Any administration of the Fundacao Faialense, Inc., or any individual responsible for violating section IX, shall be subject to an investigation in consequently judicial process according to the laws of the state of Massachusetts. 

SECTION X

Legislative Assembly

ARTICLE I

The Legislative Assembly of the Foundation shall be governed by all of the elements that form the delegations in conformity with Article III of Section VI of the bylaws.

ARTICLE II

It shall be the duty of the Legislative Assembly to approve all bylaws by which this Foundation is governed. Any amendments to these bylaws must be presented before the Legislative Assembly, whom in representation of the General Assembly shall vote upon any such amendments.

ARTICLE III

In order for any amendment to take effect, a meeting shall be called by the Supreme Council or by two thirds of the members who form all the active delegations at the time.

ARTICLE IV

Any such proposal to amend the bylaws must be submitted to all the delegations within twenty (20) days notice prior to the meeting in which such amendment shall be discussed and seek approval thereof.

ARTICLE V

The approval in addition of said amendment to the bylaws, in whole or in  part requires two thirds (66%)  approval of those present at the meeting called for the purpose of said amendment.

SECTION XI

Internal Rulings

ARTICLE I

The creation of the Internal Rulings or the Guide of Operation may be initiated by the Supreme Council shall they consider it necessary for the betterment of the operation of the foundation while taking into account the spirit, mission of the organization and the bylaws by which this Foundation was founded.

ARTICLE II

Any ruling, which may put the spirit or wording of the by-laws in jeopardy, may be appealed by any member of the Foundation through his/her Delegation or through the Supreme Council in accordance with Article III of Section X.

SECTION XII

Original Bylaws

ARTICLE I

A copy of the original bylaws of the Foundation which were approved by the organization committee on May 10, 1970 subsequently amended shall be archived in a secure location and shall be confided to the Supreme Council and considered an historical document of the Foundation.

SECTION XIII

Dissolution of the Foundation

ARTICLE I

In case of dissolution of the Foundation, all the existing funds shall be distributed to the institutions with ties to the island of Faial or organizations “Faialense” that best mirror the image of the Foundation and exemplify social and moral character and promote education. In the case of dissolution, the following organization shall be the recipients of the remaining funds in the following order:

a)      Asilo Colegio Santo Antonio

b)      Other congeners

SECTION XIV

ARTICLE I

For solutions relating to any problems aced by the Foundation where by-laws are not established to handle them, it is the Supreme Council’s duty to establish criteria and solutions to remedy such problems. They must reach a solution with the majority vote and always consider the spirit of the bylaws, which were instituted to guide this Foundation when reaching a decision.

SECTION XV

Anniversary

ARTICLE I

The date of May 17th shall be considered the anniversary date of this Foundation and an annual obligatory reunion shall take place on the most approximate date to the anniversary. At that reunion, all contributing members shall be invited to attend.


************************************************************************

These are the by-laws, which were unanimously approved by the “Legislative Assembly” of the “Fundação Faialense” in a meeting that took place on the 3rd day of March 1995 at 13 Country Club Blvd., North Dartmouth, Massachusetts.

************************************************************************

These are the by-laws, which were unanimously altered and approved by the “Legislative Assembly” of the “Fundação Faialense, Inc.”, in a meeting that took place on the 30th day of September 2001 at 5 Almeida Avenue, East Providence, Rhode Island.

 
By the Supreme Council

________________________

Robert Horta

President of the Supreme Council
 
Signed before me, on the first day of November of 2001, at New Bedford, Massachusetts

_______________________

Notary Republic

My commission expires ___ /___/____
 

BY-LAWS

(Revised in 2001)


SECTION I

 Constitution and Objective

ARTICLE I

On May 17, 1969, in the city of New Bedford, Massachusetts, United States of America, an organization was formed by the name of “Associação Beneficente Faialense”, and in accordance with the statutes approved on May 10, 1970, was changed to “Fundação Beneficente Faialense, Inc.”

ARTICLE II

In a General Assembly made up of members of the organization held on March 3, 1995, it was decided that the organization known as “Fundação Beneficente Faialense, Inc.” from this day be referred as “Fundação Faialense, Inc.”

ARTICLE III

“Fundação Faialense” is an organization, who’s sole purpose is the attribution of scholarships.

ARTICLE IV

The principal objective of this organization is the granting of educational scholarships to students who apply themselves to their studies and demonstrate knowledge in the field they are studying. At the same time demonstrate a financial need in order to continue or obtain an education. Therefore, allowing this organization to form a “Monetary Fund” to assist such projects.

ARTICLE V

The Fundação Faialense shall, in its process of selecting scholarship recipients, give first preference to those students who are from the island of Faial, Azores, their descendants, and then those who are members of the Fundação and/or their children. The Fundação shall always promote the Faialense culture, social and economic progress of Faial, Azores and the communities where in which they live.

SECTION II

Scholarships, Qualifications and Scholarship Amount

ARTICLE I

The Scholarships shall be awarded annually to those attending a college or university offering an Associates Degree or higher. These scholarships shall be awarded to students demonstrating, through their grades, application to their course of study and high moral standing. The awarding of scholarships shall be done in the following order of priority: 

1.  To students born on the island of Faial and/or their descendants.

2.  To students who are members of the Fundação and/or children of members.

3.  To students who show high academic standing.

4.  To students who show a greater financial need.

5.  To students who maintain a grade point average of 3.00 and above.

6. To those students who have already received a scholarship and maintain conformity with the above  1 through 5, a minimum 3.0  grade point average and they continue to apply through the 7th year at an University.

ARTICLE II

The number of scholarships and their amount shall be decided annually by the Supreme Council of the Foundation in accordance with the plan set forth for such reason at the beginning of each fiscal year. Being established for each scholarship the minimum of  $500.00 and up to the maximum of  $1000.00 depending on the financial situation of the Fundação.

 ARTICLE III

The total number of scholarships to be awarded annually shall be divided 50/50 by those candidates residing on the island of Faial, Azores and those residing in the United States with the priority being given to those areas in which the Foundation has representation and a regional delegation.

ARTICLE IV

In order to keep the selection process fair and impartial, a selection committee shall be established for the purpose of selecting the scholarship recipients. Those on the committee shall have no affiliation with the Fundação or any of its members. This committee shall make their selection using a scoring system established by the Fundação and all applications shall be kept confidential and names will be deleted from applications before turning over to the selection committee. Among those on the committee should be two high school teachers.

SECTION III

 Administration

ARTICLE I

The administration of the “Fundacao Faialense, Inc.” will be headed by a group, which shall be known as the “Supreme Council.” This administration will be comprised of five (5) directors who shall be nominated for a term of five (5) years and who will administer the following position in organization:

President

Vice President

Treasurer

Secretary

Director of Public Relations

ARTICLE II

All positions within the Supreme Council shall be filled with a term of five (5) years. Each position to be filled shall be done so through a nomination process from the current members of the Supreme Council and the successful nominee shall administer his/her duties in the following order:

Year 1: Director of Public Relations

Year 2: Treasurer

Year 3: Secretary

Year 4: Vice President

Year 5: President

 ARTICLE III

The newest incoming member shall always fill the position on the “Director of Public Relations” to the Supreme Council, even if the position to be filled is not that of the Director of Public Relations. The President of the Supreme Council, after finishing his term, shall automatically relinquish any and all powers and will not be allowed, again, to occupy a position within the Supreme Council till after one year of his last day in that position. All of the other directors shall move up on position annually as stated in  Section III, Article II.

ARTICLE IV

The members of the organization have charged the Supreme Council with the responsibility of administering and overseeing the Reserve Fund and the investments of the organization. They will also see to it that an outside committee selects the scholarship recipients. The annual meeting of the members shall be organized by the Supreme Council in conjunction with the Delegations of the organization.

ARTICLE V

Collectively, the Supreme Council shall administer the organization, in every dimension, to the best of their ability. In order to do so and for a better understanding amongst the various officers, it is advisable that a description of duties and responsibilities be given to each officer.

Sub Article A: President

The President shall administer and oversee the Foundation in every dimension. The president shall lead and conduct all meetings of the Supreme Council while delegating responsibility and motivating those who have been with specific duties pertaining to the foundation. It is also the responsibility of the president to organize and head the annual meeting and/or banquet of all members of the foundation. The president shall also be responsible for the annual budget report for the foundation to all the members.

Sub Article B: Vice President

The Vice President shall assist the president in all that is necessary. The vice president shall resume the responsibilities of the president when the president is unavailable or should he/she be unable to carry out the duties bestowed upon him/her. The vice president shall be given the responsibility of organizing and overseeing the student scholarship selection process.

Sub Article C: Secretary

The duties of the Secretary shall include the notification to all members of the foundation to all meetings, record the minutes to each and keep the line of communications free and open between all parties dealing with the foundation. The secretary should be in charge of keeping an accurate record of all members of the foundation, contributors and contributions within the foundation.

Sub Article D: Treasurer

The Treasurer is responsible for all the monetary dealings of the foundation including the Reserve Fund. The treasurer shall keep accurate and detailed records of all transactions made within the organization and assist in preparing the yearly report to the members on the financial standing of the organization. He/she shall oversee the investments and all property with value to the organization. When it is necessary to move all the investments at one time from the Reserve Fund, the Treasure must meet with the Supreme Council and the Fiscal Board of Directors for this movement to be approved.

Sub Article E:  Director of Public Relations

The Director of Public Relations shall be the contact person with all outside agencies and the community in general, most especially with all forms of media here in the United States and Portugal. He/she will be the goodwill ambassador for the foundation.

SECTION IV

Board of Directors

ARTICLE I

The Supreme Council has within its powers, to nominate members to the “Board of Directors.” The number of members within this board shall be unlimited and shall be set aside for those ho have contributed in one way or another to the betterment of the foundation. Those being selected for the board are considered “Honorary Board Members” and will be permanent members of the Foundation.

SECTION V

Regional Delegations

ARTICLE I

 The Supreme Council, while always taking into consideration the betterment of the Fundação, shall create “Regional Delegations” to represent the Fundação throughout the Greater New England region and beyond. In order to create a delegation, you must have a minimum of twenty (20) new paid members from each of its representative geographic region. Each delegation shall continue as long as there are active members. No minimum number of delegates is required for a delegation to maintain active status.

ARTICLE II

The delegations, in each of the zones they represent, shall recruit and maintain a membership in their respective regions. These members, collectively, shall constitute what will be known as ‘The General Member Assembly of the Foundation’.

ARTICLE III

The delegations shall form and constitute a “Regional Legislative Assembly” which shall represent that region’s membership at general assembly meetings. This legislative group shall be granted the power to approve statutes and bylaws to the constitution of the Foundation.

ARTICLE IV

Each delegation must submit in writing to the Supreme Council any and all types of fundraisers, memos or work requests for approval before they commence with any activity under the name of the Foundation.

SECTION VI

 Delegation in Horta

ARTICLE I

The Supreme Council shall be responsible for nominating one or more delegates on the island of Faial who can assist the Foundation in the recruitment of possible candidates on the island whom they feel would be good candidates to add to the selection process for scholarships by the Supreme Council.

SECTION VII

 Fiscal Board of Directors

ARTICLE I

The Supreme Council shall annually nominate a “Fiscal Board of Directors” that shall be comprised of one (1) active member from each regional delegation. It is yet the responsibility of the Supreme Council to nominate one (1) member of the General Assembly who does not hold a legislative or executive position in any part of the Foundation to preside over the Fiscal Board of Directors. The Delegations have the right to indicate to the Supreme Council, their member for the Fiscal Board of Directors.

ARTICLE II

The Fiscal Board of Directors shall also be charged with the duty of annualizing and overseeing the fiscal activities of the foundation. They shall also prepare a balance sheet, financial sheet, check all receipts, expenses and status of the Reserve Fund thirty (30) days prior to the annual members meeting for general reporting purposes. It is therefore necessary that the Supreme Council submit all account books and documents necessary for the approval by the Fiscal Board.

ARTICLE III

The balance sheet and/or fiscal status of the Foundation including all receipts, expenses and status of the Reserve Fund shall be printed and made available to all members of the organization upon request at the end of each fiscal year or at the last meeting held for that fiscal year by the outgoing Supreme Council President. During such time, members may request to view the financial books of the Foundation and they shall be made available for that purpose.

SECTION VIII

Fiscal Year

ARTICLE I

The Fiscal Year for the Foundation shall begin on July 1st of each year and end on the following year on June 30th. All fiscal activities occurring within that time, regardless of when the banquet was held or when the slate of officers went into effect, shall be considered part of that fiscal year.

SECTION IX

Reserve Fund

ARTICLE I

The Reserve Fund for the Foundation was established to ensure financial backing for the disbursement of Scholarships given annually by the Foundation. These scholarships are awarded through students whom have received prior approval from the Supreme Council.

ARTICLE II

To guarantee the continuance of the Reserve Fund while at the same time guaranteeing the mission of the Foundation, all active assets in the Reserve Fund at the end of each fiscal year of each administration, shall not be used to fulfill any obligation of the Foundation. All funds transferred from one fiscal year to another shall be considered in trust and untouchable.

ARTICLE III

Only the interest received from the Reserve Fund along with those funds, which were generated throughout the year, shall be used for financial backing of the scholarships and other financial obligations of the Foundation.

ARTICLE IV

Any administration of the Fundacao Faialense, Inc., or any individual responsible for violating section IX, shall be subject to an investigation in consequently judicial process according to the laws of the state of Massachusetts. 

SECTION X

Legislative Assembly

ARTICLE I

The Legislative Assembly of the Foundation shall be governed by all of the elements that form the delegations in conformity with Article III of Section VI of the bylaws.

ARTICLE II

It shall be the duty of the Legislative Assembly to approve all bylaws by which this Foundation is governed. Any amendments to these bylaws must be presented before the Legislative Assembly, whom in representation of the General Assembly shall vote upon any such amendments.

ARTICLE III

In order for any amendment to take effect, a meeting shall be called by the Supreme Council or by two thirds of the members who form all the active delegations at the time.

ARTICLE IV

Any such proposal to amend the bylaws must be submitted to all the delegations within twenty (20) days notice prior to the meeting in which such amendment shall be discussed and seek approval thereof.

ARTICLE V

The approval in addition of said amendment to the bylaws, in whole or in  part requires two thirds (66%)  approval of those present at the meeting called for the purpose of said amendment.

SECTION XI

Internal Rulings

ARTICLE I

The creation of the Internal Rulings or the Guide of Operation may be initiated by the Supreme Council shall they consider it necessary for the betterment of the operation of the foundation while taking into account the spirit, mission of the organization and the bylaws by which this Foundation was founded.

ARTICLE II

Any ruling, which may put the spirit or wording of the by-laws in jeopardy, may be appealed by any member of the Foundation through his/her Delegation or through the Supreme Council in accordance with Article III of Section X.

SECTION XII

Original Bylaws

ARTICLE I

A copy of the original bylaws of the Foundation which were approved by the organization committee on May 10, 1970 subsequently amended shall be archived in a secure location and shall be confided to the Supreme Council and considered an historical document of the Foundation.

SECTION XIII

Dissolution of the Foundation

ARTICLE I

In case of dissolution of the Foundation, all the existing funds shall be distributed to the institutions with ties to the island of Faial or organizations “Faialense” that best mirror the image of the Foundation and exemplify social and moral character and promote education. In the case of dissolution, the following organization shall be the recipients of the remaining funds in the following order:

a)      Asilo Colegio Santo Antonio

b)      Other congeners

SECTION XIV

ARTICLE I

For solutions relating to any problems aced by the Foundation where by-laws are not established to handle them, it is the Supreme Council’s duty to establish criteria and solutions to remedy such problems. They must reach a solution with the majority vote and always consider the spirit of the bylaws, which were instituted to guide this Foundation when reaching a decision.

SECTION XV

Anniversary

ARTICLE I

The date of May 17th shall be considered the anniversary date of this Foundation and an annual obligatory reunion shall take place on the most approximate date to the anniversary. At that reunion, all contributing members shall be invited to attend.

************************************************************************

These are the by-laws, which were unanimously approved by the “Legislative Assembly” of the “Fundação Faialense” in a meeting that took place on the 3rd day of March 1995 at 13 Country Club Blvd., North Dartmouth, Massachusetts.

************************************************************************

These are the by-laws, which were unanimously altered and approved by the “Legislative Assembly” of the “Fundação Faialense, Inc.”, in a meeting that took place on the 30th day of September 2001 at 5 Almeida Avenue, East Providence, Rhode Island.

By the Supreme Council

________________________

Robert Horta

President of the Supreme Council

Signed before me, on the first day of November of 2001, at New Bedford, Massachusetts

_______________________

Notary Republic

My commission expires ___ /___/____

" Helping to shape a better tomorrow "

By Laws

Fundação Faialense