Bylaws of the Cosmopolitan Coalition Action Fund
Article I: Purpose The Cosmopolitan Coalition Action Fund is established to advocate for universal suffrage and representation at all levels of government without the donation restrictions of its counterpart, the Cosmopolitan Party Foundation.
Article II: Membership
- Coalition Donors: Individuals or organizations that donate to the Cosmopolitan Coalition Action Fund.
Article III: Board of Directors
- Composition: The board shall consist of 11 members.
- Selection: The board of the Cosmopolitan Party Foundation will have full appointment power for the members of the Cosmopolitan Coalition Action Fund board.
- Chair: Elected by the board.
- Vacancies: Filled by appointment from the Cosmopolitan Party Foundation board within 90 days.
- Restrictions: Members of the Cosmopolitan Coalition Action Fund board cannot simultaneously be members of the Cosmopolitan Party Foundation board, except for the founder due to necessity. However, the founder is still subject to removal by the board.
Article IV: Officers
- President: Oversees all operations and ensures adherence to the mission.
- Vice President: Assists the President and assumes duties in their absence.
- Secretary: Maintains records, minutes of meetings, and official correspondence.
- Treasurer: Manages financial records, funds, and ensures compliance with financial regulations.
Article V: Financial Management
- Separate Control: The board shall have exclusive control over the Action Fund’s funds.
- Shared Expenses: Expenses benefiting both the Cosmopolitan Coalition Action Fund and the Cosmopolitan Party Foundation shall be shared fairly.
- Fund Transfers: The Action Fund shall not grant funds from any account unless it is for the specific purpose of supporting the joint mission and the purpose is proper under their respective tax regulations and a majority of the board approves of the transfer of funds.
Article VI: Amendments Bylaws can be amended by a 2/3 vote of the board.