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PROPOSED CHANGES IN AIME BYLAWS AND CHANGES IN RULES FOR THE BYLAWS
AIMEBYLAWS from the above members upon recommen-
2. The Committee shall have the power to
The AIME Board, at its meeting on June 14, take all necessary action and execu te all dation by the President.
1979, voted its intention to change AIME necessary documents in connection with 2. The Committee shall have the power to
Bylaws as indicated below. If no objections receiving, managing, and disposing of its take all necessary action and execute all
are received the Board will vote approval of investments. The Committee shall from necessary documents in connection with
the changes at its meeting on November 8, time to time designate who shall have receiving, managing and disposing of the
1979. authority to execute documents and repre- assets entrusted to the Committee by the
Present Wording sent the Institute at corporate meetings or AIME Board.
ARTICLE V COMMITTEES otherwise. RULES FOR THE BYLAWS
Section 2. Investment and Krumb Fund Proposed Wording
Committee ARTICLE V COMMITTEES The AIME Board voted to change the Rules
a. Formation of Committee and Duties. The Section 2. AIME Endowments Committee for the Bylaws as follows and these changes
Investment and Krumb Fund Committee a. Formation of Committee and Duties. The are effective as of the June 14, 1979 meeting:
shall be a standing committee of the Committee shall be a standing committee ARTICLE V " COMMITTEES
Institute. of the Institute. Section 2. AIME Endowments Committee
1. The Committee shall consist of six 1. The Committee shall consist of seven Rule 1 - Duties of Endowments Committee
members, appointed by the AIME Board members. Six of the members shall be ap- a. Maintain continuous supervision over in-
of Directors on nomination of the President pointed by the AIME Board of Directors vestments made with funds in the custody
of the Institute, who shall serve for three- on nomination by the President of the Insti- of the Committee.
year terms. These members shall be three tute and shall serve for three-year terms. b. Administer policy concerning the invest-
officers or former officers of AIME and Three members of the Committee shall be ment of AIME Endowment Funds as estab-
two members who have investment knowl- officers or former officers of AIME or its lished by the AIME Board.
edge and experience. The sixth member of constituent units or Sections, and three c. Report to AIME Board on activity of in-
the Committee shall be the Vice President- members of the Committee shall be persons vestment manager or managers, and recom-
Finance, ex officio, with vote. The Chair- having investment knowledge and experi- mend to AIME Board change in such man-
man of the Committee shall be appointed ence. The seventh member of the Com- ager(s) when deemed necessary.
by the AIME Board from the above mem- mittee shall be the AIME Vice President- d. Administer the Krumb Fund and any other
bers upon recommendation of the Presi- Finance. The Chairman of the Committee Endowment Fund as separate funds at the
dent. shall be appointed by the AIME Board request of the donors.
JOURNAL OF METALS October, 1979 37