Page 68 - KANU Constitution

ARTICLE 40: THE KANU FOUNDATION

40.1. There shall be created a KANU Foundation which shall have the power to hold in Trust

on behalf of the Party all its land, buildings and other’ immovable property and invest
on behalf of the Party.

40.2. Upon the creation of the KANU Foundation all land buildings and other immovable

property invested and securities which are acquired by the Party shall be vested in the
KANU Foundation (hereinafter called “the Foundation”)

40.3. The Foundation shall consist of:

(a) Five Trustees appointed by the National Chairperson and or the National Executive
Council.

(b) A trustee Chairperson appointed by the Party’s National Chairperson.

(c) The National Treasurer of the Party or one of the Deputy National Treasurers

(d) The National Executive Director who shall be the Secretary to the Foundation

40.4. The Trustees shall hold office for a period of five years and shall be eligible for re

appointment.

40.5.A Trustee shall not be removed from office except for any of the following reasons:

(a) if he voluntarily tenders a written resignation

(b) If he becomes bankrupt; or

(c) if he so conducts himself that a resolution is passed by the National Executive

Council calling for his removal such a resolution shall be passed by the National
Executive Council

(d) Contravenes the second schedule of the Political Parties Act 201 1 and

provisions of Chapter 6 of the Republic of Kenya Constitution

40.6. The quorum required for trustees to transact business pertaining to Party Property shall
be Five Trustees personally present

40.7. The Foundation shall:

(a) maintain, collect rent pay out-goings pair and keep a list

of the Party’s properties.

(c) prepare and submit their annual report and Accounts to the National Governing Council.

40.8. The Foundation shall, subject to written approval of the National Executive Council,

have power to sell, purchase and or transfer any immovable properties of the Party and
67