STATUTE OF THE ASSOCIATION
"FRIENDS OF FATHER RASCHI”

ARTICLE 1.
CONSTITUTION

The Association “Friends of Father Raschi” is a no-profit- organization inspired by the teachings and the faith of Father Bonaventura Maria Raschi, C.M.F.O.., Preacher and Confessor, Founder with Giliana Faglia of the Sanctuary of the “Immaculate Conception Source of Mercy” on Mount Borriga in Monte Fasce street in Genoa.
The Association has no time limitation.

ARTICLE 2.
OBJECT

The objective of the Association is to keep the historical memory of Father Bonaventura Maria Raschi’ s works and thoughts and to spread their knowledge.
The pursuit of this object is to be achieved through the divulgation, even in a written form, of the Father’s teachings and thought, through the collection of news, declarations, documentations, editing and other items related to events which can be connected to His activity.
To this aim the Association can carry out any proper cultural, publishing, social and organizational activity.

ARTICLE 3.
MEMBERSHIP

The registration is voluntary and in accordance with the following modality.
Membership shall be in one of the following categories:
Founder Members
Ordinary Members
Honorary Members.
The Founder Members are those who take part in the constitution of the Association.
The Ordinary Members are those who join the Association afterwards, sharing the objective stated at article 2.
The Honorary Members are those who are made so by will of the Executive Committee, for the renown and the positive image that they can give to the Association with their presence.

ARTICLE 4.
ACQUISITION OF MEMBERSHIP

Besides those who take part in the constitution of the Association, the members are those who, meaning to cooperate to the realization of the object stated in article 2, submit an application to the Executive Committee which will decide about it by the absolute majority of the members.
The admission is meant to be with no time limit, excepting a resignation notified by the member himself.
Members shall be relinquished from the Association if their conduct is contrary or detrimental to the object of the Association itself.
Against the decisions of the Executive Committee in matters of admission it is possible to lodge a petition to the assembly to be presented to the registered offices of the Association within 30 days of the communication of the same decisions.
Members shall be obliged to pay a joining fee which is established every year and to respect the decisions of the Bodies of the Association.
Honorary Members are not due to pay the annual joining fee, but they will be able to take part to the assembly and vote.
Members shall have nothing to claim from the Association.
The names of the members are registered in a special register which can be consulted by those belonging to the Association.

ARTICLE 5.
BODIES OF THE ASSOCIATION

The Bodies of the Association are:
The Members’ Assembly
The Executive Committee
The Chairman
The Deputy Chairman
The Secretary and the Deputy Secretary
The Audit Committee.

ARTICLE 6.
ASSEMBLY

The assembly is the supreme body of the association.
All members up-to-date with their payment of the joining fees and honorary members are entitled to take part in the assembly.
The members’ assembly can be ordinary or extraordinary.
The ordinary assembly is held within the month of April each year.
The extraordinary assembly can be convened whenever urgent reasons require it, either by decision of the Chairman or at a motivated request from at least one third of the members.
Every member shall receive an invitation to the assembly signed by the Chairman or by the Deputy Chairman, through the means of common use, at least 15 days before the assembly is to be held. The invitation must contain the agenda.
The ordinary assembly shall have the following duties:
1.Approval of the annual programme of activities submitted by the Executive Committee.
2.Approval of the final balance-sheet and of the budget forecast as defined by the Executive Committee.
3.Election of the members of the Executive Committee and of the Audit’s Committee.
4.Decisions on any matter related to the social management, as deemed appropriate by the Executive Committee.
5.Resolutions on petitions brought before the Assembly and lodged against decisions taken by the Executive Committee as regards the admissions.
The resolutions of the ordinary assembly are taken by the absolute majority of the voters.
The duties of the extraordinary Assembly are:
1.Decide the modifications to the present Statute.
2.Decide the dissolution of the Association in conformity with what provided by the present statute, the appointment of the liquidator and the devolution of the property.
3.Decide on any other extraordinary matter which is its concern according to the law or the statute.
At the first convocation both the ordinary and extraordinary Assembly shall be quorate provided half of all the members plus one are present and it shall validly decide by a simple majority.
At the second convocation both the ordinary and extraordinary Assembly shall be quotate regardless of the number of the persons present and it shall validly decide by a simple majority.
The second convocation must take place at least 30 minutes after the first one.
Resolutions related to the amendments of the Statute of the Association shall require a majority of at least 2/3 of the members present and their favourable vote. In case the constitutive quorum is not formed for two convocations, an extraordinary Assembly could be convened again on the day after the last convocation and it shall be duly constituted regardless of the number of the persons present; it shall validly decide by a simple majority.
Any resolution on the dissolution or the liquidation of the Association is passed by the majority of at least 4/5 of the members and the favourable vote of the 4/5 of the persons present. In case the constitutive quorum is not formed for two convocations the provisions in the previous paragraph are to be respected, but any resolution shall always be passed by the favourable vote of the 4/5 of the present members.
Both the ordinary and the extraordinary assembly shall always be chaired by the Chairman of the Association, or, in his absence or impediment, by the Deputy Chairman of the Association, or, in the eventuality of both their absences, by the oldest Founder Member present, or in the eventuality of his absence, by the oldest Ordinary Member present. The duties of secretary shall be carried out by the secretary of the Association or by a person appointed by the Chairman.
Each member shall have one vote and he can be represented by another member by a written proxy. No member can have more than one proxy.
Voting can be by show of hand or by ballot according to the decisions of the Chairman of the Assembly.
The resolutions of the Assembly are to be reported on the special minute-book by the secretary and signed by the secretary and by the chairman.

ARTICLE 7.
THE EXECUTIVE COMMITTEE

The Executive Committee is the body of management and government of the association and it shall be invested with full powers for the ordinary and extraordinary running of the Association.
The Executive Committee shall consist of 7 members.
The Committee shall appoint from within its body the Chairman, the Deputy Chairman, the Secretary.
The members of the Executive Committee shall be elected for a term of 3 years and can be re-elected.
The members of the Committee who shall not attend three consecutive assemblies without valid reasons shall be removed from their office.
The withdrawal shall be stated by the Committee itself.
The Executive Committee shall meet in an ordinary assembly in the months of April and September of each year. It shall also meet in an extraordinary assembly whenever deemed necessary by the Chairman or if at least two of its members request it in a written form.
Decisions taken shall only be deemed valid if at least four members of the committee are present. Within the committee it shall not be possible to delegate.
The unjustified absence of a member to more than three annual assemblies shall involve the immediate removal of his office. The member who has been removed or who has resigned shall be replaced by the appointment of the first member of the non elected .
Resolutions are to be taken by the absolute majority of the members of the committee.
Voting shall be by ballot when concerning people.
The offices of Chairman, Deputy Chairman and member of the Executive Committee are not bound to receive any compensation.
The reports of the resolutions of the Steering Committee are to be written on the minute-book of the Executive Committee and they are to be drawn up by the secretary of the Association or in his absence by a member of the committee appointed by the Chairman; the reports shall be signed by all those who have taken part. In case someone refuses or cannot sign it shall be mentioned in the report.
The duties of the Executive Committee are:
1.To make arrangements for the enforcement of the resolutions taken by the Members’ Assembly according to the present Statute.
2.To promote and prepare the initiatives to the achievement of the objective stated in article 2, having them approved by the Members’ Assembly.
3.To see to the organization of the Association’s activity deciding the relative expenses.
4.To prepare the final balance and the preliminary budget.
5.To decide about the opening of a postal or bank current account.
6.To see to the accurate keeping of the members’ book, of the minute-book of the assembly, of the minute-book of the Executive Committee.
7.To define the annual joining fee to be submitted to the approval of the assembly.

ARTICLE 8
THE CHAIRMAN

The Chairman shall be elected by the Executive Committee; he shall have the legal representation of the Association, he shall chair the same Executive Committee and see to the execution of the resolutions of the committee.
The Chairman shall be responsible for the good running of the association being the spokesman of the ideas, the opinions and the expectations of the members.
He shall sign the transactions involving the association with regard to the members or third parties.
He shall see to the execution of the resolutions of the assembly and of the committee.
He shall take upon himself duties and rights on behalf of the association when previously authorized by the committee and/or by the assembly.
He shall establish the initiatives to be taken to the achievement of the annual programme of the association, submitting it to the approval of the Executive Committee.
In case of emergency, the resolutions pertaining to the Executive Committee can be taken by the Chairman, who shall convene the committee as soon as possible for their ratification.
The Chairman can delegate some own peculiar functions to single members of the committee.
In case of absence or impediment of the Chairman, his functions shall be carried out by the Deputy Chairman, appointed by the Executive Committee from within its body. In case of absence or impediment of the Deputy Chairman, his functions are carried out by the senior member or, in case of same seniority, by the oldest member.

ARTICLE 9.
THE DEPUTY CHAIRMAN

The Deputy Chairman shall represent the Association whenever the Chairman shall be objectively unable to do it, and when he shall receive a special delegation by the Chairman.
He shall help the Chairman in all his initiatives.

ARTICLE 10.
THE SECRETARY

The Secretary is chosen and appointed by the Executive Committee from within its body.
He shall draw up and sign the reports of the meetings of the assembly, of the meetings and resolutions of the Executive Committee.
He shall be responsible for the cash on hand and he shall make a statement of accounts to the steering committee about the modality and terms of use of the sums spent by the association in carrying out its activity. To this purpose he can be helped by a Deputy Secretary appointed by himself.
He shall see to the dispatch of current matters according to the directions of the Chairman.

ARTICLE 11.
THE AUDIT COMMITTEE

The Audit Committee is a body which consists of three members appointed by the members’ assembly; they are elected for a term of three years and can be re-elected.
No member of the Audit Committee can be a member of the Executive Committee as well.
They can take part to the meetings of the steering committee with no right to vote; they supervise the administration of the association, in particular the action of the secretary.
They examine the annual economic report and the general property of the association, drawing and signing a report to be submitted to the assembly; they check the regular keeping of the accounts and the cash on hand.

ARTICLE 12.
PROPERTY

The property of the association is indivisible and it consists of:
1.Contributions, endowments and bequests of any kind.
2.Cash on hand.
3.Any other good and/or right legally belonging to the Association by the laws in force( inheritance, legacies and donations).
The Association’s income consists of:
1.Capital share, the amount of which shall be established by the Executive Committee, to be paid annually.
2.Voluntary contributions received for carrying out projects aimed at reaching the aims set out in the statute.
3.Any other form of income belonging to the Association by law.
The property cannot be set aside for objectives different from those for which the Association was born and it will be indivisible till the Association dissolves. The shares and the joining fees given independently or on request of the committee are non-transferable and unredeemable.

ARTICLE 13.
DISSOLUTION

The dissolution of the association shall be decided upon by the extraordinary assembly of the members for the following reasons.
1.Achievement of the objective of the Association and/or the unexpected impossibility to do so.
2.Impossibility of working for the lack of the number of members necessary to the achievement of the objective.
3.Any other reason which should compromise the fundamental aspirations of the association and/or should prevent the development of the activity.
In case of the dissolution of the Association the Members’ Assembly, in an extraordinary meeting, shall decide upon the handing over of the residual property, considering even the possibility of giving it to other non-profit making associations with a similar objective or to public interest.

ARTICLE 14.
GENERAL RULES

What is not provided for in the present statute and possible controversies are to be referred to the Civil Code and to the provisions of the laws in force.

Genova,

Company of all the Founding Associates