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GFOA Constitution
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Article I. Name

The name of the Association is the Government Finance Officers Association of Missouri.

Article II. Principal Location

The principal office is located in the Office of the Secretary.

Article III. Affiliation

This organization is not affiliated with any corporation, association or organization.

Article IV. Purpose

The corporation is organized exclusively for educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code. No substantial part of the activities of the organization shall be the carrying on of propaganda or otherwise attempting to influence legislation and the organization shall not participate in or intervene (including the publishing or distribution of statements) in any political campaign on behalf of any candidate for public office. The organization shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue Law) or (b) by a corporation’s contributions which are deductible under Section 170(c)(2) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue Law). Rev./Amnd. 10-13-89.

Article V. Non-Profit

The Association shall not have any corporate stocks and shall not be conducted for profit. It is a non-profit organization. It shall have the right to collect dues and levy assessments and do any other activities incidental to carrying out the purpose of the association. No part of the net earnings of the corporation shall inure to the benefit of, or be distributable to, its members, trustees, officers or other private persons except that the organization shall be authorized and empowered to pay reasonable compensation for services rendered. Rev./Amnd. 10-13-89.

Article VI. Dissolution

Upon the dissolution of the corporation, the Board of Trustees shall, after paying or making provisions for the payment of all liabilities of the corporation, dispose of all the assets of the corporation exclusively for the purposes of the corporation in such manner, or to such organization or organizations organized and operated exclusively for charitable, educational, religious, or scientific purposes as shall at the time qualify as an exempt organization or organizations under Section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue Law), as the Board of Directors shall determine. Any such assets not so disposed of shall be disposed of by the court of Common Pleas of the county in which the principal office of the corporation is then located, exclusively for such purposes or to such organization or organizations, as said court shall determine, which are organized and operated exclusively for such purpose. It is the intent of the corporation that any remaining assets be divided equally between the Government Finance Officers Association and the Municipal Treasurers Association, provided the organizations meet the requirements of Section 501(c)(3) of the Internal Revenue Code or corresponding future provisions. Rev./Amnd. 3-11-88; 10-13-89.

Article VII. Membership

There shall be not less than three classes of membership – Active, Associate and Affiliate. The Board of Directors shall be empowered to establish other classes of membership as it deems to be in the best interest of the Association.

Article VIII. Dues – Assessments

The Board of Directors shall regulate dues and special assessments needed to carry out the purpose of this Association.

Article IX. Officers and Directors

  1. The Association shall have the following officers: President, First Vice President, Second Vice President, Treasurer and Secretary. The terms of office for President, First Vice President and Second Vice President shall be one year. The terms of office for Treasurer and Secretary shall be two years. Rev./Amnd. 10-13-89.
  2. The Board of Directors shall consist of all officers, the immediate past president, a Board member from each Chapter, and Board-Members-At-Large. The Board shall not total more than fifteen (15) voting members.

Article X. Meetings

There shall be held annually at least one general meeting for all members of this organization.

Article XI. Amendments

This Constitution may be amended by a two-thirds vote of the active members present and voting. No amendment shall be voted upon without thirty days’ notice in writing to the active membership.

Government Finance Officers Association of Missouri
c/o Missouri Municipal League
1727 Southridge Dr
Jefferson City, MO 65109
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