NAME

The organisation shall be known as the "Combined Banks and Insurance Chess League", hereinafter called "the League".

OBJECTS

The objects of the League shall be:

(a) to facilitate the playing of chess by the employees and pensioners of banking and insurance organisations within London, and

(b) to conduct:

(i) an annual chess competition among member teams, and

(ii) such other events as the members in General Meeting may determine.

MEMBERSHIP

Membership of the League shall be open to

(i) any teams competing, or eligible to compete, in the London Banks Chess League (LBCL) or the Inter-Office Competition of the Insurance Chess Club (ICC), and

(ii) such other teams as the members in General Meeting may determine.

ANNUAL SUBSCRIPTION

The annual subscription payable by member teams shall be £10, or such other sum as the members in General Meeting may determine. Subscriptions become payable on 30th September each season, and any subscription not paid by 31st December shall render the offending team liable to expulsion from the League.

OFFICERS

The Officers of the League shall be the Chairman, the Secretary, the Treasurer, two Joint Organisers (one drawn from the LBCL and one from the ICC) and the Results Officer.

GOVERNING COMMITTEE

There shall be a League Governing Committee (hereinafter called "the Committee"), consisting of the six Officers and one or both of the Chairmen of LBCL and ICC, if not directly elected, as ex officio members of the Committee. The Committee shall be responsible for the management of the League and shall exercise the powers of the League other than at General Meetings.

At Committee meetings the quorum shall be four. The Committee shall have power

(i) to fill casual vacancies occurring during the year, and

(ii) to delegate specific tasks to one or more sub-committees.

GENERAL MEETINGS

(a) Annual General Meetings

An Annual General Meeting (AGM) shall be held each year in June, when a report on the competition(s) conducted during the preceding season and an audited statement of accounts shall be presented, the Officers for the following year elected, an Honorary Auditor appointed and any other appropriate business transacted of which due notice has been given. At least two weeks' notice shall be given of the AGM.

(b) Special General Meetings

A Special General Meeting shall be called, with not less than four weeks' notice, for such specific purpose(s) as may be

(i) determined by the Committee, or

(ii) set out in a written request signed by authorised representatives of not less than five League members.

The notice of the meeting shall specify the purpose(s) for which it is being called.

(c) Voting

At General Meetings representatives of member teams may attend without numerical limit. However, only one representative (the "authorised representative") of any organisation (bank, insurance company, combined team, etc) with one or more teams in the League is entitled to vote.

Such authorised representatives may be requested to identify themselves at the start of the meeting.

(d) Quorum

At General Meetings the quorum shall be five authorised representatives, or the number of authorised representatives equal to at least half the number of League members, whichever is the less.

(e) Resolutions

A simple majority of those present and voting shall be sufficient to pass Resolutions at a General Meeting, except that Resolutions

(i) to amend the Constitution, or

(ii) to wind up the League

shall require a two thirds majority of those present and voting.

TROPHIES

One or more trophies, which are the property of the League, shall be presented to the winning team(s) (and individuals, if appropriate) at the AGM, and shall remain in the possession of the winner(s) until required for engraving prior to the following AGM. The cost of the engraving shall be borne by the League.

ASSETS

The assets of the League shall be vested in the Committee.

WINDING UP

In the event of the League being wound up, any assets remaining after all debts have been paid shall be divided equally among those League members who, at the date of the winding-up, have no outstanding subscriptions owing.

INTERPRETATION

In the event of any situation arising upon which this Constitution is silent, then the decision of the Committee shall be sufficient. Any member aggrieved by such a decision may appeal to the next available General Meeting.

Adopted A.G.M. 20th June 2001