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What takes place at our first board meeting?
The following actions should be taken at the Organizational Meeting of nonprofit corporation by Board of Director resolution:
- Adopt a form for the minutes of the Board meeting.
- Adopt bylaws.
- Elect Directors and Officers.
- Authorize the application for Federal IRS tax exempt status.
- Authorize the application to United States Postal Service for third class bulk mailing rates.
- Authorize a corporate bank account.
- Authorize the payment of organizing expenses and filing fees.
- Authorize the establishment of a ledger and appropriate corporate records.
- Adopt a fiscal year for the corporation.
- Designate Chairpersons and members of committees.
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