Vermont Statutes Title 11 Sec. 196
Terms Used In Vermont Statutes Title 11 Sec. 196
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 196. Power of historical corporations to amend articles
(a) A corporation, not organized for profit, existing either by special act under the general law, formed for the purpose of erecting and maintaining monuments for the commemoration of historical events, or for the purpose of caring for and maintaining an historical monument owned by the State or located on its land, may, by vote of a majority of its members, amend its charter or articles of association so as to include therein the following powers:
(1) to own, establish, manage, and maintain a museum for the preservation of historical objects;
(2) to maintain and preserve other historical monuments and markers;
(3) to provide or remove limitations as to the number of its members; and
(4) to provide for the payment of membership dues and for different classes of memberships with varying rates of dues.
(b) When such amendment is adopted, a certificate thereof shall be sent to the Secretary of State, executed by the president and clerk, or by a majority of the directors or trustees. The Secretary shall, without fee, record the same if it conforms generally to provisions of this chapter.