Constitution - Teamsters Local 399
Constitution - Teamsters Local 399
Constitution - Teamsters Local 399
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ART. X, SEC. 15-ART. XI, SEC. 1<br />
whenever the Board determines that such waiver is in the<br />
best interest of the International Union.<br />
The General Executive Board shall have the power to<br />
waive the payment of any fees to the International Union<br />
or any subordinate body to implement any arrangement<br />
with any other international union providing for the<br />
transfer of members or the acceptance of members who<br />
may be on withdrawal card status.<br />
Article XI<br />
FINANCE COMMITTEE DUTIES<br />
Section 1. There shall be a Finance Committee consisting<br />
of seven (7) members of the General Executive Board,<br />
namely, the General President, the General Secretary-<br />
Treasurer, and five (5) Vice Presidents selected by the<br />
General Executive Board. A quorum of the Finance<br />
Committee shall consist of any five (5) members thereof.<br />
The General Executive Board shall have the power to<br />
remove any selected member of the Finance Committee by<br />
a majority vote. It shall be the general function of the<br />
Finance Committee, by majority vote, to pass upon and<br />
approve all investments of the funds of the International<br />
Union, and no investment of such funds can be made without<br />
such approval. It shall, however, be the specific function<br />
of the General President and the General Secretary-<br />
Treasurer to make all investments of the funds of the<br />
International Union, subject to the subsequent approval of<br />
the Finance Committee, and the General Secretary-<br />
Treasurer shall at all times keep the General Executive<br />
Board advised of all such investments.<br />
All investments will be such as may be made by fiduciaries<br />
by the laws of the Commonwealth of Massachusetts.<br />
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