“SRI SAI BABA NAME BOARD INNAGURATION & RAMANAVAMI FESTIVAL CELABRATION.”   SRI SHIRADI SAI BABA SANKALPA YATRE SHIRADI DARSHAN

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“SRI SAI BABA NAME BOARD INNAGURATION & RAMANAVAMI FESTIVAL CELABRATION.”
SRI SHIRADI SAI BABA SANKALPA YATRE SHIRADI DARSHAN

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Power of the board of trustees:

The board of trustees shall have and may exercise all of the following powers:


To acquire by gift, purchase, exchange, lease or otherwise, lands, buildings or other immovable property together with all rights;appurtiments there to;
To construct and to maintain building belonging to the trust and to provide equipment to such building suitably.
To manage the properties of the trust.
To accept the management of any other similar trust and or endowment in which the trust is interested;
To raise funds for the trust by accepting gift, donations, grants or by arranging benefit show etc;
To raise fund by way of loans and advances on the security of the trust properties or otherwise under the signature of all the trustees or the signature of the founder trustee so authorised by a resolution of the board of trustees for the purposes of making or renovating the trust properties or for the advancement of the objects of the trust;
To hold securities, instruments and or any other movable property and on behalf of the trust.
To enter in to agreements for and on behalf of the trust;
To sue and defend all legal proceeding on behalf of the trust
To institute a provident fund for the benefit of the employees of the trust and manage the said fund;
To grant receipts, to sign and execute instrument on behalf of the trust;
To endorse or discount cheques or other negotiable instruments;
To make, sign and execute all such documents and instruments as may be necessary and proper for carrying on the management of the property oe affairs of the trust;
To invest moneys and funds of the trust to vary the investments for the property of the trust;
To manage, sell/transfer or otherwise dispose off any movable, immovable property of the trust;
TO appoint from time to time any number of employees as required on such term and condition as they may deem fit;
To exercise control over the employees of the trust and also to exercise the powers of dismissal as the case warrants;
To institute and maintain library/libraries to facilitate the development of education including literature, social and cultural activities of the trust;
To hold all securities and investments in the name of the trust or in the joint name of such trustees not less than two in number who may be so authorised by a resolution of the board of trustees;
To open and maintain accounts in the name of Trust/in the names of any such trustees as may be authorised by a resolution of the board of trustees in any such banks or post office or offices and the trust property shall be deposited to the credit of such accounts and the same will be operated jointly by any two of the trustees duly authorised by the board of trustees;
To maintain proper accounts of the monies received and spent;