Cbo Constitution[1]
Cbo Constitution[1]
ESTHERS OF 2023
1.INTRODUCTION
A group of friends with shared interests came together with the sole aim of engaging in different activities together as
stipulated on section 3 of the constitution
2.NAME
3.OBJECTIVES.
3.1 To empower its members economically through table
3.2 To formulate projects that benefit the members.
3.3 To co-operate and assist projects, undertake capital investment programs.
3.4To organize and carry out charity work on the less fortunate people in our community.
3.5. To advocate for environmental protection.
3.6. To educate the community on social economic and life skills activities.
3.7. To carry out income generating projects for the members.
hundred only) having met the conditions set out in sub-clause (5.1) above.
6. RIGHTS OF MEMBERS.
Members shall;
1) Elect and be elected to the organs of the Group subject to the group’s Constitution.
2) Enjoy the use of all facilities and services of the Group subject to this constitution
3) Receive periodically and regularly or upon request a statement of account in respect of his/her transaction
with the Group
4) Access all legitimate information relating to the Group including internal regulation, minutes, accounts
inventories and investigation report
7. MEMBERS OBLIGATIONS.
’
1. Observe and comply with the group’s constitution and decisions taken by the organs of the group in accordance
with this constitution
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8. CEASATION OF MEMBERSHIP
8.1. A person shall cease to be a member of the group through the following ways:
Death of member
Withdrawing from membership subject to sub article 8.3
Unable to uphold with the regulations
Expulsion from the Group
8.2. A member with no liability or outstanding obligation in respect of other member funds
or loans (debts) may withdraw membership at any time and shall give a notice of sixty days
8.3. A member who wishes to withdraw but has a pending liabilities in forms of a debt owed
to the group shall have his/her share of funds in the group used to settle the debt before any refunds
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11. SOURCES OF ORGANISATION FUNDS.
11.1. The following shall be the sources of the group’s fund
a.registration fee
b.Members monthly contribution
c.Interest earned from table banking activities
d.Any surplus resulting from the Group operations
e.Donations/grants.
f.Loans from financial institutions.
11.2. All Group funds shall be kept in the Group’s bank accounts.
a) Members from the elected office bearers i.e. the chairman, the secretary or the treasurer.
12.2. Any of the two can sign in an event of any transaction on the bank account.
13. REFUNDS.
13.1. Withdrawal, expulsion or termination of membership shall not exonerate a member from existing personal
or membership liability.
13.2. This being a profit group, a member who withdraws or otherwise expelled from the Group shall be refunded
all amounts.
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