BAS Rules and Constitution

10 Brisbane Astronomical Society Inc. as the members of the Association may think fit and secure the same or the payment or performance of any debt, liability, con- tract, guarantee or other engagement incurred or to be entered into by the Association in any way and in particular by the issue of debentures, perpetual or otherwise, charged upon all or any of the Association’s property, both present and future, and to purchase, redeem or pay off any such securities; (b) to borrow money from members at a rate of interest not exceed- ing interest at the rate for the time being charged by bankers in Brisbane for overdrawn accounts on money lent, whether the term of the loan be short or long, and to mortgage or charge its property or any part thereof and to issue debentures and other securities, whether outright or as security for any debt, liability or obligation of the Association, and to provide and pay off any such securities; and (c) to invest in such manner as the members of the Association may from time to time determine. Meetings of Management Committee 15. (1) The Management Committee shall conduct at least six monthly meet- ings every calendar year to exercise its functions. (2) A special meeting of the Management Committee shall be convened by the Secretary on the requisition in writing signed by not less than one- third of the members of the Management Committee, or by email request to the Secretary by not less than one-third of the members of the Management Committee, which requisition shall clearly state the reasons why such special meeting is being convened and the nature of the business to be transacted thereat. (3) At every meeting of the Management Committee a simple majority of a number equal to the number of members elected and/or appointed to the Management Committee as at the close of the last general meeting of the mem- bers, shall constitute a quorum. (4) Subject as previously provided in this rule, the Management Com­ mittee may meet together and regulate its proceedings as it thinks fit: Provided that questions arising at any meeting of the Management Committee shall be decided by a majority of votes and, in the case of equality of votes, the question shall be deemed to be decided in the negative.