English Translation

gt - 6 - one to monitor and to inform oneself for this purpose of the course of the association's business. He can demand from the board at any time about the club's activities reporting and by insight into the books and writings of the club gain certainty about the business course. It shall examine the annual accounts and proposals for profitsharing and shall reimburse them to the General Assembly. The powers of the Advisory Board also include the decisions on: a./ the proposals to the General Assembly, b./ use of reserves, c./ execution of construction projects, d./ participation in other companies, e./ exclusion of members. The Advisory Council is quorum with the presence of more than half of its members. The decisions shall be taken by a simple majority of votes. The chairman shall vote; in the event of a tie, his vote shall be decided. §16. Every year in the first half of the calendar year a regular general assembly shall be held, in which the annual accounts and the balance sheet of the preceding accounting year shall be presented.