By-Laws Amendment (03/21/02) 

for the St. Charles City-County Library Foundation

Article II: BOARD OF DIRCETORS:

Section 1.    Duties The property, business and affairs of the Foundation shall be controlled, conducted and managed by the Board of Directors, which shall exercise all the corporate powers of the Foundation. The Board, and all of its individual members, shall promote and encourage individual and corporate gifts for the Benefit of the St. Charles City-County Library Foundation. The Board shall accept, hold, manage, invest, reinvest, and administer any gifts, bequests, devices, benefits of trusts, and property of any sort, and shall, at least annually, disburse or donate amounts, as determined by the Foundation Board, to the St. Charles City-County Library District, or for closely allied causes. In addition, the Board may, at the request of the St. Charles City-County Library District, conduct capital campaigns designed to raise funds for the capital projects of the St. Charles City-County Library District as approved by its Board of Trustees, and shall hold, administer, and invest those funds until such time as the District's Board of Trustees releases funding for the project or projects, and requests coincidental disbursement from Foundation assets.