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Home My WebLink About58-79 Resolution ~'" DEe 1 7' 1979 II . RESOLUTION NO. '5"'-7' A RESOLUTION AUTHORIZING VILLAGE OF DUBLIN PARTICIPATION IN THE DUBLIN FUND OF THE 0 COLUMBUS FOUNDATION AND APPOINTING A REPRESENTATIVE OF COUNCIL TO THE ADVISORY COMMITTEE OF THE SAID DUBLIN FUND. WHEREAS, there is presently being organized a Dublin Fund as a separate fund within the Columbus Foundation, and WijEREAS , such a fund would be for the benefit of the inhabitants of the Village and for worthwhile public projects within the Village, and a part of the already existing and benevolent Columbus Foundation, and WHEREAS, individuals, groups and corporations have expresse an interest in contributing to a fund which would be for the benefit of Village inhabitants, and WHEREAS, said fund would be in addition to and not in D conflict with other funds and projects of groups within the Village. NOW THEREFORE BE IT RESOLVED by the Council of the Village, , members concurring: SECTION 1. That it be and hereby is declared to be worth- while and beneficial for the welfare of the Village to partici- pate in the proposed Dublin Fund of the Columbus Foundation by appointing a representative of Council to the Advisory Committee which will establish and advise on contributions and requests for grants from the proposed Dublin Fund. SECTION 2. That :T 5I1A~IQN be and hereby is appointed as the representative of the Village in creating the 0 Dublin Fund, to report periodically on the progress of said . . j . ~ Advisory Committee. SECTION 3. This Resolution shall take effect and be in force from and after the earliest period allowed by law. ~..";'!'" - ..--J _' RESOLUTION NO. 5"8 -7' A RESOLUTION AUTHORIZING VILLAGE OF DUBLIN PARTICIPATION IN THE DUBLIN FUND OF THE COLUMBUS FOUNDATION AND APPOINTING A 0...... REPRESENTATIVE OF COUNCIL TO THE ADVISORY . ! COMMITTEE OF THE SAID DUBLIN FUND. i I Passed this (7 day of Pt.,6wttftto.J , 1979. ~/I!,,~-~> ~~J -> President Pro Tempore Ma~~icer Attest: ~ ",.a. ) c~su-er D C .."'. " , , , THE DUBLIN FUND OF THE COLUMBUS FOUNDATION First Trust Company of Ohio, N.A. Trustee Under the Declaration of Trust ~ Creating and Governing The Columbus ~ Foundation Gentlemen: You will find attached hereto checks in the aggregate sum of $ payable to First Trust Company of Ohio, N.A. , as Trustee for The Columbus Foundation, by which is hereby created The Dublin Fund for the uses and purposes enumerated in the Declaration of Trust Creating and Governing The Columbus Foundation and as more specifically provided herein. This Fund shall be administered by you as one of the qualified Trustees under said Declaration of Trust, subject to all the terms and conditions contained therein, and any amendments or additions 0 thereto at any time made, except as hereinafter set forth. The Dublin Fund within The Columbus Foundation is established for the benefit of all citizens of Dublin, Ohio and the surrounding area. The founders hope and expect many individuals, organizations and institutions will contribute to The Dublin Fund over the years, thereby confirming their interest in the civic, charitable, cultural and educational programs for which The Dublin Fund has been established. ~ . . , The Advisory Committee of The Dublin Fund shall have the right to suggest distributions of income and principal of the Fund to the Governing Committee of The Columbus Founda- tion, who will in turn direct the Trustee Banks to make distri- 0 butions among those organizations located in the Dublin area as are eligible to receive funds under the terms of the Declaration of Trust governing The Columbus Foundation. Further- more, the Governing Committee of The Columbus Foundation will direct the disbursement of all funds held by the Trustee Banks to any organization designated by the Advisory Committee of The Dublin Fund as successor to The Dublin Fund within The Columbus Foundation provided such organization named as successor to The Dublin Fund within The Columbus Foundation (1) qualifies as the recipient of funds under the terms of the Declaration of Trust governing The Columbus Foundation, and (2) the Internal Revenue Service has determined that such organization is exempt from Federal income taxation under Section 50l(c)(3) of the D Internal Revenue Code of 1954. The Governing Committee of The Columbus Foundation will consult with the Advisory Committee of The Dublin Fund prior to directing the Trustee Banks to make distributions among any organizations not suggested by the Advisory Committee of The Dublin Fun~. The suggestions to the Governing Committee of The Columbus Foundation as to the distribution of income and principal of The Dublin Fund shall be made only upon the concurrence of a -2 ...... - . . ,- . ; majority of the Advisory Committee of The Dublin Fund at a meeting thereof of which advance, written notice has been delivered to all of the then qualified and acting members of the Advisory Committee (who may in writing waive such notice). C The suggestions forWarded to the Governing Committee of The Columbus Foundation shall be in writing, signed by the then duly elected Secretary of the Advisory Committee of The Dublin Fund and shall contain the true statement that the suggestions contained therein are made with the approval of at least a majority of the members of the Advisory Committee of The Dublin Fund. e \'\ Iv'! La) There shall be seven (7) members of the Advisory Committee of The Dublin Fund. Each of the following organiza- tions or officials (hereinafter referred to sometimes as "appointing agencies") shall appoint one person as a member of the Advisory Committee, and at the first regularly convened meeting of the Advisory Committee, the initial members so (J appointed shall appoint two "at large members". The appointing agencies which shall each appoint a person to serve on the Advisory Committee of The Dublin Fund, are: 1. A representative of the Council of the Village of Dublin; 2. A representative of one local bank or financial institution; 3. A representative of the local Chamber of Commerce; 4. A representative of the Dublin Historical Society; S. A representative of one major corporation (i.e., Ashland, Wendy's, etc.). (" ,c tP'f. f?J. ~ ~ - , . 1'1 -3- ~ . " . . i The Advisory Committee shall adopt a Code of Regulations providing inter alia for the election of officers, the maintaining of records, the calling of meetings, the selection of "at large members", the terms of office, and the substitution of appointing C agencies. The term of office for any member of the Advisory Committee shall be not more than four years, and no person may be reappointed to the Advisory Committee for more than one additional term by the same appointing agency. The Code of Regulations adopted by the Advisory Committee and any amendments thereto shall be consistent with the terms of the Declaration of Trust of The Columbus Foundation as the same may be modified or amended from time to time and shall be consistent with the general purposes and intentions of The Columbus Foundation, the Trust and The Dublin Fund. Yours very truly, THE DUBLIN FUND Date: n BY We hereby acknowledge receipt of the above gift and agree to administer the same as The Dublin Fund of The Columbus Foundation under the provisions of the Declaration of Trust, Creating and Governing The Columbus Foundation as modified from time to time. Date: FIRST TRUST COMPANY OF OHIO, N.A. BY Trust Officer -4- - . . J ~ , We hereby accept and agree to the terms and conditions of the above letter of transmittal. THE GOVERNING COMMITTEE OF 0 THE COLu~BUS FOUNDATION Date: BY Director ~ 0 -5- -