"It
is clear that the poor economical situation of the post-soviet period does
not permit to maintain the Maidanak Observatory at the former level.
However, thanks to the enthusiasm of astronomers from the Sternberg Astronomical
Institute (Moscow), Astronomical Observatory of Kharkov University (Ukraine),
and from the Ulugh Beg Astronomical Institute (Tashkent), the Maidanak
Observatory, and its main instrument, the 1.5-meter telescope, are still
alive. The main, and in fact almost single source of funds, which permits
the astronomers to cover the travel expenses, to make the observations,
and to maintain the instruments, are various grants."
Prof. Vladimir Dudinov
To accumulate the necessary funds, the Maidanak Foundation needs the help of corporate and private contributors.
1. The foundation’s name is MAIDANAK FOUNDATION (referred to as the foundation)
2. The foundation is an independent non-government organization without religious or political affiliations, operated on a voluntary basis without the aim of profit.
3. The objectives of the foundation are to:
4. The legal domicile of the foundation is Bergen, Norway.
§2 Organizational Structure
5. The decision making body of the foundation shall be its board of trustees (referred to as the board), which will consist of 3 or 5 persons, each chosen for a four year term. The board must always have an odd number of members.
The board can choose a chairperson and a treasurer from its own ranks.
Resolutions are passed by an ordinary majority vote among the board members present at a board meeting. The board can adopt a new resolution when at least half the board members are present. Board meetings can be held via telephone or Internet.
The Board may fill any vacancy occurring among its members. In the event a board member actively undermines the stated objectives of the foundation, or is otherwise unfit to hold a board seat, he/she may be excluded from the board with a 2 out of 3 or 4 out of 5 vote majority. If the board is unable to fill its vacancies, shall new board members be appointed by the Hordaland County Cover’s (Fylkesmann) Office, in consultation with the department head of the Institute of Theoretical Astrophysics at the University of Oslo.
The board shall produce audited accounts and an annual report by March 31st, of each year.
The board represents the foundation in external affairs. Documents are signed jointly by the chairperson and one other board member, or two board members chosen by the board.
6. Amendments to these statutes may be made by a 2 out of 3 or 4 out of 5 vote majority among the board members. Proposals for such amendments must appear in written form, accompanying the announcement of the annual board conference. This announcement must be issued at least one month prior to the annual board conference.
7. The foundation’s capital and property will be transferred to related causes in the event the foundation is dissolved, following the rules expressed in article 6 above. The choice of such causes shall be made by the Hordaland County Cover’s (Fylkesmann) Office, as in article 5.
8. The board may set up working groups to which it can delegate certain tasks on behalf of the foundation.
9. In addition to these points, the current Norwegian law pertaining to foundations will be followed, when not in conflict with these statutes.
§3 Finances
10. The foundation’s stating capital is 200.000,- Norwegian Kroner.
11. The foundation’s funds shall be managed in a secure, conservative fashion. Funds shall be placed in cash, or interest earning bearing investment vehicles of high quality, primarily denominated in stable currencies such as US dollars or Euro. Further guidelines for investment shall be determined by the board.
12. The foundation shall strive to keep its own operating costs to a minimum. There shall be no reimbursements or salaries issued to Board or working group members. Though the participants are geographically spread, foundation money shall not be used for travelling to board or committee meetings. Instead, electronic media such as telephone and e-mail should be the main method of communication internally. (see article 5)
13. The accounts of the foundation shall be examined by a publicly accredited auditor each calendar year.
14. Expenses incurred in connection with accounting and legal representation will be provided upon approval of the board.
§4 Final Clauses
15. These Statutes enter into force on January 15th, 1999.
16. The present statutes are being published in Norwegian
and English versions. In case of doubt, the Norwegian
version is the only authority.