Statutes of the Association of the Friends of the Vasarely Foundation

In accordance with the law of July 1st, 1901, and the decree of August 16th, 1901, the association of the friends of the Vasarely Foundation declares proceed to the modification of its statutes.

Article 1 – Denomination
The Association for the Defense and Promotion of Vasarely’s Work becomes the Association of Friends of the Vasarely Foundation. The articles of association are updated accordingly in accordance with the articles that follow.

Article 2 – Purpose
The purpose of this Association is to promote contemporary artistic creation, particularly in the continuity of Vasarely’s work and digital arts; it intervenes through the organization of cultural events open to all audiences and especially to the youngest.

Article 3 – Duration
The duration of the association is unlimited.

Article 4 – Headquarters
The registered office of the Association is located at Avenue Marcel Pagnol 1, Jas de Bouffan 13090 Aix-en-Provence. It may be transferred to any other place upon the decision of the Board of Directors. The Vasarely Foundation will make an office available to the Association of Friends of the Foundation.

Article 5 – Conditions of membership
Any application for membership of this association, made in writing, is submitted to the Board of Directors which decides on this admission on a discretionary basis.

Article 6 – Contributions
Their amount is fixed by the board of directors and will be paid annually by the members.

Article 7 – Members
Are members of the association the natural or legal persons who pay an annual subscription like member junior, active, couple, of support or benefactor.
– The Junior Member category is reserved for young people under 25 paying a token fee.
– Active members are people who participate in the existence of the association by the interest they have in it and the skills they can share.
– The couple category offers active members the possibility of paying a reduced membership fee for two members.
– Support members are those who pay a higher membership fee than active members.
– Contributing members are members who wish to provide significant assistance to the association through a higher membership fee or a donation.
Finally, the title of “Honorary Member” may be awarded by the Bureau to persons who render or have reported services to the Association or the Foundation. They are part of the general assembly without being required to pay an annual fee.

Article 8 – Resignation – Radiation
Membership is lost by:
a / death for a natural person,
b / the setting in receivership or dissolution for a legal person,
c / the resignation addressed in writing to the President,
d / the non-payment of the annual subscription within three months after its due date,
e / exclusion for serious reason; it will be pronounced by the board of directors after the interested party has been duly invited, by registered letter with acknowledgment of receipt, to provide written explanations.

Article 9 – Resources
The resources of the Association consist of:
1 / dues of its members,
2 / grants that could be granted by the State or public authorities,
3 / donations that could be made by natural or legal persons,
4 / sums received in return for services provided,
5 / any recipes that are not prohibited by the laws and regulations in force.

Article 10 – Board of Directors
The Association is governed by a Board of Directors composed of three to twelve members elected for three years by the General Assembly.
In the event of a vacancy, the Board provisionally provides for the replacement of its members until the next general meeting.
The Board chooses from among its members a Bureau composed of three to five members including a President, a Treasurer and a Secretary and possibly a Vice-President and a Treasurer or Assistant Secretary.
The Bureau is elected for three years, the outgoing members are eligible for re-election.
The members of the Bureau are revocable ad nutum, individually or collectively, by the Board of Directors. In the event of the dismissal of the President, the Chair shall be held by the Vice-Chair or another member of the Bureau until the election of a new Bureau in accordance with Article 13 below. The Board of Directors meets at least once a year at the invitation of the Chairman or a quarter of its members.

Article 11 – Power of the Board of Directors
The Board of Directors is vested with the broadest powers to authorize acts that are not reserved for the general meeting.
It oversees the management of Bureau members and has the right to be accountable for their actions.
It approves the budgets and annual plans submitted by the office.
The Board of Directors may delegate, by express decision, one or more of its powers to the Bureau.

Article 12 – Remuneration
The members of the board of directors are entitled to the reimbursement of their expenses on vouchers, and with the agreement of the President.

Article 13 – The Bureau
The Bureau will consist of at least the following:
The President has the power of representation of the Association in all acts of civil life and is vested with all powers to that effect. He has, in particular, standing to sue in the name of the Association, both in demand and in defense. He may delegate this power, for a specific act, to another member of the Council.
The Treasurer is in charge of all that concerns the management of the patrimony of the Association. He makes all payments and collects all revenues under the supervision of the President. He keeps a regular accounting of all operations and reports to the annual general meeting that decides on management.
The Secretary is responsible for all correspondence and archives. He drafts the minutes of the proceedings and transcribes them on the registers. He keeps the special register provided for by law and ensures the execution of the prescribed formalities. The other members will be primarily in charge of the animation and follow-up of the axes of the annual plan.

Article 14 – The General Assembly
The General Meeting includes all members who are up to date with their subscription at the date of the convening of the said meeting.
The General Assembly meets once a year and as often as necessary:
1 / on convocation of a third of its members,
2 / on convocation of a quarter of the members of the Council,
3 / on convocation of the President.
Minutes of meetings are prepared.
It hears the reports on the management of the Board of Directors and on the financial and moral situation of the Association.
It approves the accounts for the financial year, votes the budget for the following year and, if necessary, provides for the renewal of the members of the Board of Directors.

Article 15 – Rules of procedure
Internal regulations may be established by the Board and approved by the general meeting to set the terms and conditions for the execution of these articles of association. It imposes itself on all the members of the association.

Article 16 – Dissolution
In the event of dissolution by at least two-thirds of the members present at the general meeting, one or more liquidators are appointed by it, and the assets, if any, are vested in accordance with Article 9 of the law of 1 July 1901 and the decree of 16 August 1901.

Done in as many originals as parties concerned, plus one original for the association and one for the declaration in sub-prefecture.

In Aix-en-Provence, in two copies, October 4, 2009