January 31, 2006
Today, the organizations entitled to vote at the 2006 Biennial Meeting of the New York Board of Fire Underwriters voted to no longer sustain the New York Fire Patrol.
Also at the Biennial Meeting, these organizations adopted a resolution charging the board of directors of the New York Board of Fire Underwriters to carry out “in a lawful and orderly manner” the decision to no longer sustain the New York Fire Patrol.
The Board of directors will strive to keep the affected constituencies informed as to the process.
(Following a Vote Not to Sustain the Fire Patrol)
WHEREAS, at this time, it being the sense of a majority of the organizations duly represented and voting at this Biennial Meeting that the New York Board of Fire Underwriters (the “NYBFU”) should, in an orderly and lawful manner, as soon as reasonably practicable no longer sustain the NYBFU Fire Patrol.
NOW, THEREFORE BE IT:
RESOLVED, that the Board of Directors of the NYBFU (the “Board of Directors”) be charged, and the Board of Directors hereby is charged, with (a) carrying out, in a lawful and orderly manner, the decision of the Biennial Meeting not to sustain the Fire Patrol; and (b) following the completion of the matters set forth in clause (a) above, with returning to each organization that has paid any assessment for the year 2006 in respect of the Fire Patrol such organization’s pro rata share of such unspent assessment that is held by the NYBFU at such time.