STRENGTH

membership


MINUTES OF THE CONSTITUENT ASSEMBLY OF NON-PROFIT ASSOCIATION RAILWAY AUTOMATION,
SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATIOTN




On this day, 16.04.2010 in Sofia, in the building, located at 68 Br. Bakston Blvd. at 10.00h the Constituent Assembly was held for the constitution of a non-profit association - RAILWAY AUTOMATION, SIGNALLING, TELE-COMMUNICATION AND INDUSTRY ASSOCIATION (the “Association”) under the Law for Non-Profit Legal Entities (LNPLE).

The following founders attended:


1. InfraKear AD, Neli Ivanova Stoicheva

2. Ass. Professor Dr. Neli Ivanova Stoycheva, High Scholl of Transport

3. Eng. Kiril Ermenkov Naydenov, NTS for the transport – Chairman

4. Ass. Professor Dr. Tashko Apostolov Nikolov,Director of Business Development, Thales RSS GesbH

5. Factory for Automation and Telemechanics EOOD, Eng. Pavel Marinov Kamburov, Executive Director

6. Eng. Anton Nikolov Burov, Expert Railway Transport Operations

7. Nadezhda Kirilova Ivanova

8. Balkantel OOD, Hristo Nikolov Durchev, Manager

9. SD-UNITEL - Banishki & Sie, BULSTAT 040861437, Emil Georgiev Banishki, Manager

10. Georgi Vasilev Angelov, Assistant D-r, Technical University – Sofia

11. Marin Hristov Hristov, Professor D-r, Technical University – Sofia

12. Multiplex EOOD, Petar Eftimov Belev, Manager

13. Ventsislav Georgiev Trifonov, Technical University of Sofia

14. Nayden Vladimirov Konov,

15. ET SKAT - Sasho Kamburov, BULSTAT BG103107528, Sasho Yordanov Kamburov, Manager

16. Aleksandar Dimitrov Kotsev, Railway Expert

17. Telkom OOD, BULSTAT 825360359, Nikola Gospodinov Karkalichev, Manager

18. Tehnologica EOOD, Ognyan Georgiev Trayanov, Manager;

19. Transfer OOD, Petko Stoyanov Antonov, Manager

20. Tsonyo Georgiev Botev

21. Nikola Hristov Durchev, Balkantel Ltd

22. Hristo Angelov Hristov, European University

23. Zhivko Dimitrov Bachvarov

24. Union of ELECTRONICS, ELECTRICAL ENGINEERING AND COMMUNICATIONS, Ivan Stoyanov Yachev, Chairman

The meeting was held with the following agenda:

1. Adoption of resolution for constitution of a non-profit ASSOCIATION – “RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION”.

2. Determining the type, name, formulation of its objectives and means to achieve them.

3. Election of Board of Directors of the ASSOCIATION.

4. Election of Chairman and two Vice-Chairmen of the Board and a representative of the Association.

5. Passing a resolution adopting the Statute of the legal entity.

6. Discussion and adoption of RULES AND PROCEDURES FOR PURSUING ACTIVITY OF PUBLIC BENEFIT AND FOR RAISING AND EXPENSING THE PROPERTY OF THE ASSOCIATION, pursuing activity of public benefit

7. Other.

Before proceeding to voting on the agenda, the founders debated on the procedure for election of a chairman and secretary of the Constituent Assembly.

Nikola Durchev proposed the candidacy of Ventsislav Trifonov to act as a chairman of the Constituent Assembly. Ventsislav Trifonov proposed Evelina Georgieva to act as a secretary of the Constituent Assembly.

In the absence of other candidates, the founders proceeded to vote on both candidacies and unanimously approved the following DECISION:

1. For a chairman of the Constituent Assembly was elected Ventsislav Trifonov, who agreed to act as chairman of the assembly.

2. For a secretary of the Constituent Assembly was elected Evelina Georgieva, who agreed to act as secretary of the assembly.

The elected as a Chairman Ventsislav Trifonov proposed to vote on the agenda of the Constituent Assembly in the form in which it was proposed. None of those attending did propose amendments or supplements to the so formulated agenda. The founders proceeded to vote on the agenda as defined above, and as a result unanimously passed the following

DECISION:

The agenda is adopted in the form in which it was defined and each item is to be voted separately by the founders.

Under item 1 of the agenda:

The Chairman presented a brief summary of the nature of non-profit legal entities, their legal regulation and the legislative requirements in regards to their legal form. The Chairman acquainted the attendance with the specifics of the procedure for registration of non-profit legal entities in the court register. He noted the need of clear and comprehensive definition of the objectives of the legal entity and the means necessary to achieve them, and then invited the attendees to deliberate the matter. Since there were no questions raised and no new proposals were received, the founders proceeded to vote. The following decisions were passed:

Under item 2 of the agenda:

After the decision for the constitution of a non-profit legal entity was passed unanimously, the Chairman proposed to discuss the issues related to the type, name, objectives and means to achieve them. He reminded the attendance that the legal entity is constituted as a non-profit organization, therefore its objectives can not be contrary to the law and morals.

Nikola Durchev proposed to vote the legal entity constitution as:

• Association within the meaning of the Law for Non-Profit Legal Entities;
• Pursuing activities of public benefit;
• Named: “RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION”.
• For achievement of the following objectives:

1. To create an environment for exchange of information between companies and individuals in Bulgaria that can effectively influence the formation of policy and strategy for the development of Bulgarian railway automation, signalling, communication and industry;

2. To establish communication and direct contacts for joint participations in forums, projects and conferences with similar associations in the Czech Republic, Austria and France, Germany and other countries. The goal is for the Association to dispose with up-to-date information from Europe, based on which adequate solutions to be offered to the government and the competent state authorities;

3. To set in place a comprehensive strategy and programme for development and modernization of the railway infrastructure in Bulgaria;

4. To set in place a comprehensive policy and strategy for development and professional training of the human resources in the field of railway signalling, automation and telecommunication;

5. The Association to enter the relevant international organizations and to participate in the process of determining the policy of the European railway transport and the rail transport in the region;

6. To develop a strategy and programme for presentation of Bulgarian companies outside the European borders in search of potential markets in Russia, Kazakhstan, Azerbaijan, Middle East and others.

7. To set in place a business communication centre for the exchange of scientific and business information between universities and businesses in this field;

8. To coordinate a system for professional development and acquiring higher qualification that allows issuance of certificates of competency in relation to the scope of activity of the Association;

9. To establish a Notified Body and Accredited Laboratories.

using the following means:

1. Performing its activities on a broader base by organizing discussions on important issues, topics and tasks related to the railway automation and facilities; presentation of reports, holding conferences, seminars, workshops, participation in national and international events.

2. RASTIA shall consistently seek to raise the qualification of its members by involving them in appropriate forms of additional training

3. The Association shall actively provide expert cooperation to the state authorities and local administration mostly on matters of railway transport, connected with the process of investing in the field of railway infrastructure.

4. RASTIA can enter into associations and other professional organization associations in the country and abroad

5. RASTIA shall cooperate for active contacts on a national and international level, with similar organizations in other countries with the purpose of development and cooperation with European railways and harmonization of standards for design, construction, maintenance and operation of the railways infrastructure.

6. Working to popularize the advantages of railways, the common transport system and their affirmation by implementing modern transport and railway technologies for the European transport policy’s objectives.

7. Carrying out co-operation of the railways with other means of transport.

8. To set in place work groups for development of comprehensive strategy, programme and options for development and modernization of the railways infrastructure.

Before voting, the Chairman gave the attendees the opportunity to express their attitude towards the proposal of Nikola Durchev to make objections and propose amendments. The founders expressed their full agreement with the proposed type, name, objectives and means to achieve them of the legal entity.

The Chairman invited the attendees to vote, and as a result was passed the following

DECISION:

Under item 2 of the agenda: an association is constituted within the meaning of the Law for Non-Profit Legal Entities to pursue activities of public benefit under the name of “RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION”, for achievement of the following objectives:

1. To create an environment for exchange of information between companies and individuals in Bulgaria that can effectively influence the formation of policy and strategy for the development of Bulgarian railway automation, signalling, communication and industry;

2. To establish communication and direct contacts for joint participations in forums, projects and conferences with similar associations in the Czech Republic, Austria and France, Germany and other countries. The goal is for the Association to dispose with up-to-date information from Europe, based on which adequate solutions to be offered to the government and the competent state authorities;

3. To set in place a comprehensive strategy and programme for development and modernization of the railway infrastructure in Bulgaria;

4. To set in place a comprehensive policy and strategy for development and professional training of the human resources in the field of railway signalling, automation and telecommunication;

5. The Association to enter the relevant international organizations and to participate in the process of determining the policy of the European railway transport and the rail transport in the region;

6. To develop a strategy and programme for presentation of Bulgarian companies outside the European borders in search of potential markets in Russia, Kazakhstan, Azerbaijan, Middle East and others.

7. To set in place a business communication centre for the exchange of scientific and business information between universities and businesses in this field;

8. To coordinate a system for professional development and acquiring higher qualification that allows issuance of certificates of competency in relation to the scope of activity of the Association;

9. To establish a Notified Body and Accredited Laboratories.

using the following means:

1. Performing its activities on a broader base by organizing discussions on important issues, topics and tasks related to the railway automation and facilities; presentation of reports, holding conferences, seminars, workshops, participation in national and international events

2. RASTIA shall consistently seek to raise the qualification of its members by involving them in appropriate forms of additional training

3. The Association shall actively provide expert cooperation to the state authorities and local administration mostly on matters of rail transport, connected with the process of investing in the field of railway infrastructure.

4. RASTIA can enter into associations and other professional organization associations in the country and abroad

5. RASTIA shall cooperate for active contacts on a national and international level, with similar organizations in other countries with the purpose of development and cooperation with European railways and harmonization of standards for design, construction, maintenance and operation of the railways.

6. Working to popularize the advantages of railways, the common transport system and their affirmation by implementing modern transport and railway technologies for the European transport policy’s objectives.

7. Carrying out co-operation of the railways with other means of transport

8. To set in place work groups for development of comprehensive strategy, programme and options for development and modernization of the railways infrastructure.

Voted “for”: all of those present;
Voted “against”: none;
Voted “abstention”: none;

Under item 3 of the agenda:

The Chairman of the Constituent Assembly presented in brief the functions of the Board of Directors of the Association, the tasks that it will be assigned, and its overall role in the activities of any non-profit legal entity.

Nikola Durchev proposed the following persons as members of the Board of Directors of the Association:

1. Nikola Durchev

2. Ventsislav Trifonov

3. Marin Hristov

4. Neli Stoycheva

5. Kiril Ermenkov

6. Nadezhda Ivanova

7. Petar Belev



Since there were no other candidates proposed, the founders proceeded to vote and passed the following



DECISION:

Under item 3 of the agenda: “RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION”, elected the following persons as members of the Board of Directors:

1.Nikola Durchev

2. Ventsislav Trifonov

3. Marin Hristov

4. Neli Stoycheva

5. Kiril Ermenkov

6. Nadezhda Ivanova

7. Petar Belev

The elected members of the Board of Directors declared that they agree to assume this position.

Voted “for”: all of those present;

Voted “against”: none;

Voted “abstention”: none;

Under item 4 of the agenda:

The Chairman of the Constituent Assembly presented in brief the functions of the Chairman and Vice-Chairmen of the Board of the Association, the tasks they will be assigned, and their overall role in the activities of any non-profit legal entity.
Ventsislav Trifonov proposed the following person for Chairman of the Board of Directors and a representative of the Association:
Nikola Durchev

The following persons were proposed for Vice-Chairmen:

1. Ventsislav Trifonov

2. Marin Hristov

The Chairman and Vice-Chairmen declared that they agree to assume this position.

Voted “for”: all of those present;

Voted “against”: none;

Voted “abstention”: none;

Under item 5 of the agenda:

The Chairman of the Constituent Assembly gave the floor to Nikola Durchev to present a draft of the Statute of “RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION” (Annex No 1 to these Minutes).

The draft Statute was read to the founders, then the chairman gave the attendees the opportunity to ask questions and make suggestions for corrections or supplements. Since no other draft statute was presented for discussion and vote and no questions and suggestions were raised, the Chairman of the assembly invited the founders to proceed to vote. As a result of the vote was taken following

DECISION:

Under item 5 of the agenda:

the founders adopted the presented the presented by Nikola Durchev draft Statute of “RAILWAY AUTOMATION, SIGNALLING, TELE-COMMUNICATION AND INDUSTRY ASSOCIATION

(Annex No 1 to these Minutes).

Voted “for”: all of those present;
Voted “against”: none;
Voted “abstention”: none;

Nikola Durchev, Personal Id No: 4210236847, elected as Chairman of the Board of Directors shall enclose a copy of these minutes and the Statute (Annex 1) to the application for registration of an association in the register of non-profit legal entities.

Under item 6 of the agenda:

The Chairman presented a draft of the RULES AND PROCEDURES FOR PURSUING ACTIVITY OF PUBLIC BENEFIT AND FOR RAISING AND EXPENSING THE PROPERTY OF RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION PURSUING ACTIVITY OF SOCIAL BENEFIT - Annex No 2 to these Minutes, and then gave the attendees the opportunity to deliberate. After the deliberations, the members proceeded to vote. Unanimously was adopted the following:

DECISION:

Under item 6 of the agenda the members present of the Association unanimously passed a decision and adopted RULES AND PROCEDURES FOR PURSUING ACTIVITY OF PUBLIC BENEFIT AND FOR RAISING AND EXPENSING THE PROPERTY OF RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION PURSUING ACTIVITY OF SOCIAL BENEFIT - Annex No 2 to these Minutes, as per the draft proposed by the Chairman.

Voted “for”: all of those present;

Voted “against”: none;

Voted “abstention”: none;

The Chairman of the Board of Directors Nikola Durchev, Personal ID No 4210236847 shall enclose a copy of these minutes to the application for registration of the Rules (Annex No 2) in the register of non-profit legal entities at the Ministry of Justice.

The founders declared that they agree their personal data to be used in the procedure of registration of the Association.

After the discussions under the agenda were completed, the Chairman announced the closure of the Constituent Assembly.

These minutes were taken by Evelina Georgieva – elected Secretary of the Constituent Assembly, and signed by all founders.

Integral part of these Minutes are:
1. Statute of Association (Annex No 1 to these Minutes)
2. Rules and procedures for pursuing activity of public benefit (Annex No 2 to these Minutes).

Since there were no other items under the agenda to discuss the Constituent Assembly was closed.

FOUNDERS:

1. InfraKear AD, Neli Ivanova Stoicheva, Executive Director
Signature illegible

2. Ass. Professor Dr. Neli Ivanova Stoycheva, representative of Department of Communication and security equipment and systems, Higher Technical University “Todor Kableshkov”
Signature illegible

3. NTS for the transport – Chairman Eng. Kiril Ermenkov Naydenov
Signature illegible

4. Thales RSS GesbH, Ass. Professor Dr. Tashko Apostolov Nikolov, Director of Business Development
Signature illegible

5. Factory for Automation and Telemechanics EOOD, Eng. Pavel Marinov Kamburov, Executive Director
Signature illegible

6. Eng. Anton Nikolov Burov, Expert Railway Transport Operations
Signature illegible

7. Nadezhda Kirilova Ivanova
Signature illegible

8. Balkantel OOD, Hristo Nikolov Durchev, Manager
Signature illegible

9. SD-UNITEL - Banishki & Sie, Emil Georgiev Banishki, Manager
Signature illegible

10. Georgi Vasilev Angelov, Head Assistant D-r, Technical University – Sofia
Signature illegible

11. Marin Hristov Hristov, Professor D-r, Technical University – Sofia
Signature illegible

12. Multiplex EOOD, Petar Eftimov Belev, Manager
Signature illegible

13. Ventsislav Georgiev Trifonov
Signature illegible

14. Nayden Vladimirov Konov
Signature illegible

15. ET SKAT - Sasho Kamburov, Sasho Yordanov Kamburov, Manager
Signature illegible

16. Aleksandar Dimitrov Kotsev
Signature illegible

17. Telkom OOD, Nikola Gospodinov Karkalichev, Manager
Signature illegible

18. Tehnologica EOOD, Ognyan Georgiev Trayanov, Manager
Signature illegible

19. Transfer OOD, Petko Stoyanov Antonov, Manager
Signature illegible

20. Tsonyo Georgiev Botev
Signature illegible

21. Nikola Hristov Durchev
Signature illegible

22. Hristo Angelov Hristov
Signature illegible

23. Zhivko Dimitrov Bachvarov
Signature illegible

24. Ivan Stoyanov Yachev
Signature illegible

Chairman of the Constituent Assembly:
Signature illegible
Ventsislav Trifonov

Secretary:
Signature illegible
Ev. Georgieva

INTEGRATED PART OF

MINUTES OF THE GENERAL ASSEMBLY OF RASTIA FROM 16.04.2010

ARE THE FOLLOWING ANNEXES:

Annex No 1 – STATUTE of Railway Automation, Signalling, Telecommunication and Industry Association

Annex No 2 - RULES AND PROCEDURES for pursuing activity of public benefit and for raising and expensing the property of Railway Automation, Signalling, Telecommunication and Industry Association pursuing activity of social benefit

STATUTE OF RAILWAY SIGNALLING, AUTOMATION, TELECOMMUNICATION AND INDUSTRY ASSOCIATION.
Appendix No 1 to the Minutes of the General Assembly of RASTIA from 16 April 2010

GENERAL PROVISIONS


Art. 1 / 1 / This Statute regulates the structure of the non-profit legal entity within the meaning of the Law for Non-Profit Legal Entities, named RAILWAY SIGNALLING, AUTOMATION, TELECOMMUNICATION AND INDUSTRY ASSOCIATION , hereinafter referred to as the Association, with its registered office in Sofia, 68, Bratya Bakston Blvd.
/ 2 / The name can be written also in a foreign language - RAILWAY SIGNALLING, AUTOMATION, TELECOMMUNICATION AND INDUSTRY ASSOCIATION.
/ 3 / As short form of the name in Bulgarian shall be used the abbreviation „АЖСАКИ” and in the international relations - the abbreviation “RASTIA”.
Art. 2. RASTIA is an association of public benefit, registered in accordance with the Law for Non-Profit Legal Entities.
Art. 3 /1/ RAILWAY SIGNALLING, AUTOMATION, TELE-COMMUNICATION AND INDUSTRY ASSOCIATION is an autonomous, voluntary, self-governing, democratic, non-political non-profit association for the development of science and practice in the area of management, diagnosis and control of systems in the railway infrastructure in Republic of Bulgaria, whose members recognize this Statute.
/ 2 / The Association may have branches in the country.
Art. 4 RASTIA shall operate in accordance with this Statute and the legal regulations in the country, in the spirit and principles of the scientific, government and public authorities and organizations in Bulgaria and internationally.
Art. 5 The Association shall establish and develop bilateral and multilateral relations with authorities, organizations, companies and individuals in Bulgaria and abroad for the achievement of its objectives.

OBJECTIVES

Art. 6. The main objectives of the Association are:
1. To create an environment for exchange of information between companies and individuals in Bulgaria that can effectively influence the formation of policy and strategy for the development of Bulgarian railway automation, signalling, communication and industry;
2. To establish communication and direct contacts for joint participations in forums, projects and conferences with similar associations in the Czech Republic, Austria and France, Germany and other countries. The goal is for the Association to dispose with up-to-date information from Europe, based on which adequate solutions to be offered to the government and the competent state authorities;
3. To set in place a comprehensive strategy and programme for development and modernization of the railway infrastructure in Bulgaria;
4. To set in place a comprehensive policy and strategy for development and professional training of the human resources in the field of railway signalling, automation and telecommunication;
5. The Association to enter the relevant international organizations and to participate in the process of determining the policy of the European railway transport and the rail transport in the region;
6. To develop a strategy and programme for presentation of Bulgarian companies outside the European borders in search of potential markets in Russia, Kazakhstan, Azerbaijan, Middle East and others.
7. To set in place a business communication centre for the exchange of scientific and business information between universities and businesses in this field;
8. To coordinate a system for professional development and acquiring higher qualification that allows issuance of certificates of competency in relation to the scope of activity of the Association;
9. To establish a Notified Body and Accredited Laboratories.

MEANS FOR ACHIEVING THE OBJECTIVES

Art.7 In order to achieve its objectives the Association:
1. Shall perform its activities on a broader base by organizing discussions on important issues, topics and tasks related to the railway automation and facilities; presentation of reports, holding conferences, seminars, workshops, participation in national and international events;
2. Shall consistently seek to raise the qualification of its members by involving them in appropriate forms of additional training;
3. Shall actively provide expert cooperation to the state authorities and local administration mostly on matters of railway transport, connected with the process of investing in the field of railway infrastructure;
4. Shall enter into associations and other professional organizations in the country and abroad;
5. Shall establish active contacts on a national and international level with similar organizations in other countries with the purpose of development and cooperation with European railways and harmonization of standards for design, construction, maintenance and operation of the railway infrastructure;
6. Shall work to popularize the advantages of railways, the common transport system and their affirmation by implementing modern technologies from the European transport policy;
7. Shall carry out co-operation of the railways with other means of transport;
8. Shall set in place working groups for development of a comprehensive strategy, programme and options for solutions for development and modernization of the railway infrastructure in Bulgaria.

PROPERTY AND FINANCE

Art. 8 The property of the Association consists of:
1. Movable and immovable property, rights on objects, target funds from government authorities, communities, municipalities, companies, cooperatives, banks, public organizations, citizens, etc., provided to it for the performance of its activity;
2. Sponsorships, donations, bequests in cash and property made in favour of the Association by physical persons and legal entities, government and non-government organizations in the country and abroad;
3. Funds collected from membership fees payable by employees and pensioners - regular members and from associated members – physical persons and legal entities;
4. Fees for issuance of certificates resulting from the Association’s activities;
5. Additional business activity related to the main activity for which the Association is registered, the proceeds of which shall be used for achieving the objectives defined in this Statute;
6. The Association may use its funds to acquire real estates and real rights over them, rights on intellectual property subjects, movable properties, etc.
7. Bank accounts in BGN and foreign currency. The Association shall have full autonomy in disposing with its own and granted funds.

SCOPE OF ACTIVITY

Art. 9. The scope of activity of the Association shall be: provision of consultations, reviews, research, expert opinions for construction and operations of the railway infrastructure facilities, certification in the field of construction and operations of its facilities, and other activities related to the main activity the Association, for which it has been registered and which are not prohibited by law.

MEMBERSHIP

Art. 10 / 1 / Membership in the Association shall be on a voluntary basis.
/ 2 / Membership in the Association shall be of free will and independent of political, ethnic or religious affiliation.
/ 3 / The membership shall be regular, associated, sponsor and honorary.
Art. 11 / 1 / Regular member of the Association can be any Bulgarian citizen or legal entities practicing in the fields of science, design, construction, maintenance and repairs of railway infrastructure facilities and rail transport, telecommunications and software industry and adopting the Statute of the Association.
Art. 12 Associated member can become any Bulgarian citizen with higher education or legal entity which business activities are related to technologies and activities in the field of railways and rail transport.
Art. 13 Sponsor member can become any natural person or legal entity with special contribution and special merit for the development of the Association.
Art. 14 Honorary member of the Association can be any physical person of age with a special contribution for the development, popularization and affirmation of the Association in Bulgaria.
Art. 15 / 1 / Acceptation of regular members to the Association shall be done with written application to the Board of Directors.
/ 2 / The application shall be submitted with enclosed declaration that the candidate accepts the Statute of the Association without remarks, curriculum vitae and motivation letter for membership.
/ 3 / Rejection of membership application may be appealed before the next General Assembly where final decision shall be taken by a majority of two thirds of the votes.
/ 4 / The adopted by the Board of Directors regular members shall be announced before the General Assembly at its following session.
Art. 16. The acceptation of associated members in the Association shall be done based on a written proposal by the Board of Directors and the decision shall be taken by members of the General Assembly by majority of two thirds of the votes.
Art. 17 / 1 / Sponsor members of the Association shall be accepted after a written proposal of the Board of Directors based on a declaration of sponsorship provided by the applicants, as the decision shall be taken by members of the General Assembly by a majority of two thirds of the votes.
/ 2 / The person or entity accepted as a sponsor member of the Association, shall present full passport data or court registration and correspondence address.
Art. 18 / 1 / Acceptance of honorary members of the Association shall be based on a written proposal of the Board of Directors, as the decision shall be taken by the members of the General Assembly by a majority of two thirds of the votes.
/ 2 / The person accepted as an honorary member of the Association, shall present full passport data and correspondence address.
Art. 19 / 1 / The decision of the Board of Directors for new associated, sponsor and honorary members shall be taken by the Board of Directors with open voting and simple majority at its first session after the submission of application.
Art. 20 The Association members shall be issued an official document for membership – membership card, stamped with its seal.
Art. 21 / 1 / Membership relations shall arise from the date of the Board of Directors’ decision for acceptation of the applicant as a regular member, and for other members – from the date of their approval by the General Assembly.
/ 2 / Within two weeks from the decision under the foregoing paragraph the Association shall be obligated to issue to the new members documents under art. 20 of this Statute.
Art. 22 / 1 / Membership shall be terminated:
1. By unilateral personal statement of the member to the Association, with advance notice of thirty (30) days sent in writing to the Board;
2. Upon death or placing under judicial disability of the physical person;
3. Upon termination of the operations of a legal person, member of the Association;
4. Upon termination of the Association’s operations;
5. Upon the natural person or legal entity expulsion;
6. For non-payment of membership fees for a period of three months.

/2/ The expulsion decision shall be taken by the Board of Directors, with a simple majority and open vote. It may be appealed before the following General Assembly.
Art. 23 / 1 / Member of the Association may be expelled for behaviour that makes further membership impossible, namely:
1. Upon severe breach of this Statute and issued on the grounds of it internal regulations and decisions of the General Assembly;
2. Upon serious abuse or other deliberate actions committed directly or through “front” persons which undermine the prestige of the Association or its members;
3. Upon carrying out activity that hampers the operations of the Association and the Board of Directors, when there is no legislation grounds for carrying out such activity.
/ 2 / Reinstatement in membership may be applied for and considered following the general procedure for acceptation of members after expiry of one calendar year from the date of expulsion.
Art. 24 / 1 / The assessment of the presence or absence of circumstances under paragraphs 1 and 2 of article 23 of the Statute shall be made by the Board of Directors on the basis of received information, publications or direct observations. The Board of Directors shall pass a motivated decision, which shall take effect from the date of its adoption.
/ 2 / At the first General Assembly, the Board of Directors shall present in writing a list of the members expelled and the reasons thereof. If General Assembly considers that there were no convincing grounds for expulsion, it may restore the membership rights of the expelled member by a decision adopted by a majority of two thirds of those present.
/ 3 / The restoration under the foregoing paragraph shall be retroactive and the reinstated member shall be considered as not being expelled. No membership fees shall be due for the time past.
Art. 25 Dropping out because of non-payment of membership fees for a period of three months, non-payment of property contributions as provided by a decision of the General Assembly and consistent non-participation in the activity shall be established by the Board of Directors based on accounting documents and other documents of findings, based on information received or direct observations. The findings shall be documented in Minutes from meeting of the Board of Directors and a decision shall be adopted for this member’s dropping out. The decision shall be passed with simple majority and open vote.
Art. 26 For the overall changes of the list of members, timely payment of membership fees and keeping the related thereto documents, the Board of Directors shall authorize expressly a person from the administration of the Association. The authorization shall be in the form of a decision from a session of the Boards of Directors passed with a simple majority.

RIGHTS AND OBLIGATIONS OF MEMBERS

Art. 27 Any member of the Association shall be entitled:
1. To participate in the management of the Association – to elect and be elected, to propose nominations of persons to be elected in the management and auxiliary bodies;
2. To be informed about the activities of the Association at any time;
3. To participate in all forms of its activities;
4. To give information to the respective bodies of the Association for irregularities found in connection with its activities, to submit to the Board of Directors written proposals, suggestions and complaints, to which the Board of Directors shall respond within 30 days from the date of receipt;
5. A member shall not be personally liable for obligations of the Association;
6. Any regular member of the Association shall be entitled to one vote in the General Assembly;
7. To benefit from the property and from the results of the activity of the Association in the manner determined by the Board of Directors;
8. To express his view freely and to defend his position on the activities of the Association;
9. Sponsor members shall be entitled to support through financial and material donations separate activities of the Association.

Art. 28 Any member of the Association shall be obligated:
1. To observe the provisions of this Statute, the decisions of the General Assembly and the Board of Directors;
2. To work towards achievement of the Association’s objectives;
3. To protect the Association’s interests and to the extent of his capacities to work for this;
4. To cooperate for the financial and organizational strengthening of the Association;
5. To regularly pay membership fees, within the amount and terms set by the General Assembly;
Art. 29 The membership rights and obligations, except for the property ones, shall be non-transferable and cannot pass onto other persons or entities upon death or termination respectively.

BODIES
Art. 30 / 1/ Supreme body of the Association is the General Assembly.
/ 2 / Management body of the Association is the Board of Directors.
/ 3 / The General Assembly may set in place also temporary or permanent auxiliary bodies (working committees) with specifically allocated functions and period for action.

GENERAL ASSEMBLY

Art. 31 / 1 / The General Assembly shall be composed of one delegate for each regular member. Each regular member shall have one vote. The other members of the Association shall participate in the General Assembly with the right to an advisory vote.
/ 2 / One person can represent only one delegate to the General Assembly and to exercise his rights under art. 27 based on express notarized power of attorney. Pre-authorization shall not be allowed.
/ 3 / Member of the General Assembly shall not have the right to vote when deciding issues related to him, his spouse or relatives in a straight line – without limitations, by lateral branch (of a family) – up to the fourth grade or kinship by marriage – up to the second grade including.
/ 4 / The General Assembly shall be binding for all bodies and members.
/ 5 / The General Assembly shall be convened by the Board of Directors for a regular meeting at least once a year.
Art. 32 / 1 / The General Assembly shall be convened by the Board of Directors on its own initiative or at the request of one third of the members of the Association in the locality where the registered address of the Association is. If in the latter case, the Board of Directors does not send a written notice to convene the General Assembly within one month, it shall be convened by the court as per the registered address of the Association upon written request of members concerned or a person authorized by them.
/ 2 / The notice shall contain the agenda, date, time and place for holding the General Assembly and on whose initiative the meeting shall be convened.
/ 3 / The notice shall be promulgated in the State Gazette and shall be placed on the notice board in the building in which the management of the Association is located at least one month before the scheduled day.
Art. 33 The General Assembly shall be considered legal if attended by more than half of all members. In absence of quorum, the meeting shall be postponed with one hour at the same place and under the same agenda and can be held with any number of members present.
Art. 34 / 1 / Each delegate to the General Assembly shall be obligated to present his identity card and if he is being represented by a proxy, the presentation of an notarized express power of attorney shall be required.
/ 2 / The Commission on powers shall check all documents under the foregoing paragraph at the entrance, as the participant in the General Assembly shall certify his attendance with his personal signature on the delegates list.
Art. 35 The General Assembly shall have the following powers:
1. To adopt, amend and supplement the Statute of the Association;
2. To adopt the guidelines and the activity programme of RASTIA ;
3. To determine the number of members and to elect Board of Directors, and to release members of the Board of Directors;
4. To elect Chairman of the Board of Directors and Vice - Chairmen of the Board of Directors of the Association.
5. To make analysis and evaluate the performance of the Association and adopt other internal acts;
6. To accept and expel members;
7. To adopt decisions on disposing with real-estate properties of the Association;
8. To adopt decisions on opening and closing branches;
9. To adopt decisions on participating in other organizations;
10. To adopt decisions on transformation and dissolution of the Association;
11. To adopt the budget of the Association;
12. To adopt decisions on payment terms and the amount of the membership fees and the property contributions;
13. To adopt the activity report of the Board of Directors;
14. To revoke decisions of other bodies of the Association, which are contradicting to the law, the Statute or other internal acts regulating the activities of the Association.
Art. 36 / 1 / The General Assembly shall adopt decisions by a majority of those present.
/ 2 / The decisions under article 35, item 1, item 6 and item 10 shall be adopted by a majority of two thirds of those present.
/ 3 / On matters that are not included in the agenda announced in the notice, decisions can not be adopted.
Art. 37 / 1 / The decisions of the General Assembly shall be subject to judicial control as to their legality and conformity with the Statute.
/ 2 / The decisions of the Association’s bodies passed in conflict with the law, the Statute or a previous decision of the General Assembly can be appealed before the General Assembly at the request of the parties concerned, members of the Association or a body of the Association, made within one month from learning about them, but not later than one year from the date of the decision’s adoption.
/ 3 / Disputes under paragraph 1 can be brought before the court as per the Association registration by any member of the Association or a body of the Association, or the prosecutor within one month from learning about them but not later than one year from the date of the decision’s adoption.

BOARD OF DIRECTORS

Art. 38/1/ The Board of Directors of the Association shall consist of 7 (seven) members /Chairman of the Board of Directors, two Vice-chairmen and members elected for a term of 2 / two / years, performing the operational management of the Association on the basis of decisions adopted by the General Assembly and shall report to it.
/ 2 / The Board of Directors shall:
1. Represent the Association and define the representative power of its individual members;
2. Ensure the implementation of the General Assembly’s decisions;
3. Manage the property of the Association;
4. Prepare and submit to the General Assembly a draft budget;
5. Prepare and submit to the General Assembly a report on the activities of the Association;
6. Determine the procedure and coordinate the performance of the Association’s activities, including those in common benefit, and shall be responsible for this;
7. Determine the address of the Association;
8. Adopt decisions on all matters which by law or under the Statute do not fall within the powers of another body;
9. Accept, release and expel members of the Association;
10. Interact with other similar organizations;
11. Perform all activities assigned under this Statute, the decisions of the General Assembly and the Law;
12. Ensure, once a year, the execution of a verification of the activities of the Association by a certified expert accountant;
13. Assist the members of the Association in their activities;
14. Monitor and control the financial activity;
15. Convene regular and extraordinary meetings of the General Assembly;
16. Pass a decision in each separate case to determine the settlement of the property relations upon termination of membership;
17. Execute a report on the activities of the Association pursuant to article 40 paragraph 2 of the Law for Non-Profit Legal Entities;
18. Approve projects and adopt decisions on their funding.
Art. 39 / 1 / The meetings of the Board of Directors shall be convened and chaired by the Chairman of the Board at least once a month. The Chairman of the Board shall convene an extraordinary meeting of the Board of Directors at the written request of one third of its members. If the Chairman of the Board fails to convene a meeting of the Board of Directors within seven days, it can be convened by any concerned member of the Board. In the absence of the Chairman of the Board the meeting shall be chaired by a Vice-Chairman of the Board.
/ 2 / The Board of Directors can adopt decisions if the meeting is attended by more than half of its members.
/ 3 / As attending shall also be considered a person with whom there is a two-sided telephone or other connection, ensuring the establishment of its identity and allowing his participation in discussions and passing decisions. The vote of this member shall be attested in the minutes by the chairman of the meeting.
/ 4 / Decisions shall be taken by majority of those present and decisions in relation to art. 35 item 3 and item 6 – by majority of all members of the Board of Directors.
/ 5/ The Board of Directors can take decision without holding a meeting provided the minutes of the decision adopted is signed without remarks and objections by all members of the Board of Directors.
Art.40 / 1 / The Chairman of the Board of Directors shall:
1. Manage and coordinate all the activities of the Association in accordance to the decisions of the General Assembly and the Board of Directors and shall represent it before Bulgarian and foreign physical persons and legal entities by decision of the Board;
2. Implement and monitor the implementation of the decisions of the General Assembly and the Board of Directors;
3. Report for its activities to the General Assembly;
4. Chair the meetings of the Board of Directors;
5. Undersign the official documentation and correspondence of the Association;
6. Perform all management actions with the budget of the Association, together with the financially liable person designated by the Board of Directors and shall bear the financial liability.
/ 2 / In absence of the Chairman of the Board, or in case of impossibility for him to carry out his duties, his duties shall be executed by the Vice-Chairman of the Board. The same person shall draw up formally the decisions of the General Assembly and the Board of Directors, shall inform the members of the Association and shall be responsible for the Association’s documentation.

AUXILIARY BODIES
Working Groups

Art. 41. The number and type of the working groups shall be defined and elected by the General Assembly.
Art. 42 The working groups shall coordinate measures for the development and promotion of the experience, skills, knowledge and professional qualifications of the Association’s members.

REPRESENTATION

Art. 43 / 1 / The Association shall express its will and carry out legal actions through its bodies. It shall be represented by the Board of Directors and by the Chairman of the Board – independently.
/ 2 / In the event of judicial disputes between the Association and its management body, respectively members of the Board of Directors, the Association can be represented by one or more persons elected by the General Assembly.
/ 3 / A legal non-profit entity can participate in the work of a body of the Association through its representative or a person authorized by it.

TERM AND TERMINATION OF THE ASSOCIATION

Art. 44 The Association is constituted for an indefinite period of time.
Art. 45 / 1 / The Association may be terminated:
1. By decision of the General Assembly;
2. By decision of the district court as per the registered address of the Association, when:
a. It is not constituted under the procedure provided for by law;
b. It is pursuing activities in conflict with the law or in contradiction with the public order or morals;
c. It is declared bankrupt.
/ 2 / The decision under paragraph 1 item 2 shall be stipulated upon claim coming from any concerned party or the prosecutor.
/ 3 / The court may give appropriate period of time to remedy the reason for termination and the consequences thereof.
/ 4 / In the cases of paragraph 2 the termination shall be entered in the registry and the court shall appoint a liquidator.

LIQUIDATION

Art. 46 / 1 / Upon termination of the Association liquidation shall be undertaken.
/ 2 / The liquidation shall be carried out by the Board of Directors or the person designated by it.
/ 3 / If a liquidator is not designated under the procedure in paragraph 2 and in the case under article 45 paragraph 1 item 1, the said liquidator shall be appointed by the district court as per the registered address of the Association, namely Sofia City Court.
/ 4 / On the insolvency, respectively the bankruptcy, the procedure for liquidation and the liquidator’s powers, the relevant provisions of the Trade Act shall be applicable.
Art. 47 / 1 / The property remaining after satisfying creditors’ claims, shall be provided under the decision of the court to the legal non-profit entity designated to pursue activity of public benefit with the same or similar non-profit objective.
/ 2 / If the property is not provided under the procedure settled in paragraph 1, it shall be submitted to the municipality within which the registered address of the liquidated non-profit entity falls. The municipality shall be obligated to provide the property for pursuing activity of public benefit as close as possible to the objectives of the liquidated legal non-profit entity.

FINAL PROVISIONS

Art. 48 For all matters not settled by this Statute, the provisions of the Law for Non-Profit Entities and the civil legislation of the Republic of Bulgaria shall apply.
This Statute was adopted as Annex No 1 to the Minutes of the Constituent Assembly of the Association held on 16.04.2010, signed by all members and shall take effect upon enactment of a decision by Sofia City Court.
This Statute was executed in two identical copies – one for Sofia City Court and one for RAILWAY SIGNALLING, AUTOMATION, TELE - COMMUNICATION AND INDUSTRY ASSOCIATION.

RULES AND PROCEDURES FOR PURSUING ACTIVITY OF PUBLIC BENEFIT AND FOR RAISING AND EXPENSING THE PROPERTY OF RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION /RASTIA/ PERFORMING ACTIVITY OF SOCIAL BENEFIT

Appendix № 2 to the Minutes of the General Assembly of RASTIA from 16 April 2010


GENERAL PROVISIONS

Art. 1. These “Rules and procedures” settle the manner in which the activity of public benefit of RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION (the “Association”) and define the rules for raising and expensing its property.

OBJECTIVE

Art. 2. RAILWAY AUTOMATION, SIGNALLING, TELE-COMMUNICATION AND INDUSTRY ASSOCIATION shall pursue activity of public benefit as the main scope of activity shall be:
/ 1 / To create an environment for exchange of information between companies and individuals in Bulgaria that can effectively influence the formation of policy and strategy for the development of Bulgarian railway automation, signalling and communication and industry.
/ 2 / To establish communication and direct contacts for joint participation in forums, projects and conferences with similar associations in the Czech Republic, Austria and France, Germany and other countries. The goal is for the Association to dispose with up-to-date information from Europe, based on which adequate solutions to be offered to the government.
/ 3 / To set in place a working group within RASTI Association to develop a comprehensive strategy for the development and modernization of the railway infrastructure in Bulgaria.
/ 4 / The working group after the development of a strategy, shall propose options for implementation of the program at gradual stages.
/ 5 / To set in place a policy and strategy for development and professional training of the human resources in the field of railway signalling, automation and telecommunication
/ 6 / The Association to enter the relevant international organizations and to participate in the process of determining the policy of the European railway transport in the region.
/ 7 / To develop a strategy for presentation of Bulgarian companies outside the European borders in search of potential markets in Russia, Kazakhstan, Azerbaijan, Middle East and others.
/ 8 / To set in place a business communication centre for the exchange of scientific and business information between universities and businesses in this field.
/ 9 / To coordinate a system for qualification that allows the establishment of:
a) Notified body;
b) Accredited laboratories;
Art. 3. Activity of public benefit shall be pursued for achievement of the objectives defined in the Statute of RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION, by using the funds provided, namely by:
1. Performing its activities on a broader base by organizing discussions on important issues, topics and tasks related to the railway automation and facilities; presentation of reports, holding conferences, seminars, workshops, participation in national and international events.
2. RASTIA shall consistently seek to raise the qualification of its members by involving them in appropriate forms of additional
3. The Association shall actively provide expert cooperation to the state authorities and local administration mostly on matters of rail transport, connected with the process of investing in the field of railway construction.
4. RASTIA can enter into associations and other professional organization associations in the country and abroad
5. RASTIA shall cooperate for active contacts on a national and international level, with similar organizations in other countries with the purpose of development and cooperation with European railways and harmonization of standards for design, construction, maintenance and operation of the railways.
6. Working to popularize the advantages of railways, the common transport system and their affirmation by implementing modern transport and railway technologies for the European transport policy’s objectives.
7. Carrying out co-operation of the railways with other means of transport
Art. 4. (1) Each year the General Assembly of RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION shall adopt the guidelines for development of the Association and programme for performance of its activities.
(2) The Board of Directors shall prepare the programme for performance of the Association’s activities, taking as a starting point the current activities, results thereof and trends for development and improvement.
Art. 5. (1) To carry out the activities under art. 2 of the Rules theme working groups of experts shall be set in place.
(2) The experts - members of the theme working groups can be either members of the Association and external to the association persons.
(3) The need for setting a working group in place in connection with the performance of any of the activities referred to in para. 1, shall be at the left at discretion of the Board of Directors of the Association. The Board of Directors shall determine the participants in the working group, their number and the period of time set for the performance of the tasks assigned.
(4) The working group, after completion of its work within the defined period, shall submit to the Board of Directors projects related to the performance of the activities assigned.
(5) The Board of Directors, after reviewing the project provided by the working group, can allow for additional time to be given to the working group for supplementing or amending the provided materials.
(6) After final completion of the working group’s work, the Board of Directors shall pass a decision on the project.
(7) At the discretion of the Board of Directors when the project is crucial for the Association’s activity and is related to substantial expenditures, it can be proposed for discussion before the General Assembly of the Association. The General Assembly shall pass a decision on the project’s implementation.
Art. 6. (1) The Board shall pass a decision and monitor the implementation of the programme for the Association’s activity, except in the cases under art. 5 para. 7 above.
(2) With the decision the programme for the Association’s activity shall be defined, the necessary funds for its coordination and the persons responsible for the implementation.
Art. 7. (1) The Board of Directors / Chairman of the Board of Directors shall prepare a report for the activities of the Association at the beginning of each year.
The report must contain data for the activities performed, the funds expensed, the connection of the activities to the objectives and programmes of the Association and the results achieved.
The report shall be provided to the members of the Association within 30 (thirty) days, which period shall start running from the serving of the notice for convening the annual General Assembly until its holding.
The General Assembly shall adopt the report of the Association’s activities after deliberations.
By 31 of May each year the report adopted by the General Assembly shall be submitted for entry in the Register of non-profit legal entities for pursuing activities of public benefit at the Ministry of Justice
RAISING AND EXPENSING THE PROPERTY OF RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION
Art. 8. The property of the Association includes the right of ownership and other real rights on movable and immovable property, receivables and other rights regulated by law.
Art. 9. (1) The General Assembly shall adopt annual budget of the Association.
The draft budget of the Association shall be prepared by the Board of Directors not later than one month before the beginning of the year to which it is referred to. The Association members are given the possibility to get acquainted with its content and to make suggestions for supplements or amendments that may be considered upon the adoption of the budget by the General Assembly.
The budget of the Association shall be implemented by the Board of Directors.
By 31 of March each year, the Chairman of the Board of Directors shall draw up an annual financial statement and shall submit it for certification by a certified expert- accountant designated by the General Assembly.
The annual financial statement Annual shall be adopted by the General Assembly of the Association.
By 31 of May each year the Chairman of the Board of Directors shall announce for entry in the Central register for entry and shall submit the certified annual financial statement a year after its adoption by the General Assembly.
Art. 10. (1) Sources of funding of the Association are:
Movable and immovable properties, rights on objects, target funds from state authorities, municipalities, city councils, companies, cooperatives, banks, public organizations, citizens and others, granted to
the Association for performance of its activities.
Sponsorships, donations, bequests in cash and property made in favour of the Association by physical persons and legal entities, government and non-government organizations in the country and abroad.
Funds collected from membership fees from regular members and affiliation members - physical persons and legal entities.
Fees for issuance of certificates resulting from the membership or the activities of the Association.
Additional commercial activity, connected with the scope of the main activities for which the Association is registered, the proceeds of which shall be used for achievement of the objectives regulated set out in this Statute.
(2) By decision of the General Assembly of the Association target funds can be formed, as their sources of funding and ways of expensing shall be determined in the decisions for their formation.
Art. 11. The Association shall expense its property solely for the performance of the activity aimed at achieving the objectives set out in this Statute.
Art. 12. If the Association‘s annual revenues exceed its annual costs, the surplus shall be invested in expanding the activities of public benefit of the Association. This surplus can not be distributed to the founders, members of the Association nor can it be used to the benefit of separate individuals or connected organizations. The Association does not distribute profit.
Art. 13. (1) In pursuing its activities the Association shall expense its resources for valuable consideration or gratuitously.
(2) The Association may acquire against payment real rights on movable and immovable property, and may be a party under bilateral contract for valuable consideration necessary for carrying out of the activities and achieving the objectives set out in the Statute, under observance of the regulations of the Bulgarian legislation.
Art. 14. (1) The Association may expense its resources gratuitously to achieve the objectives set out in the Statute.
The association can not conclude transactions with the persons under art. 41 para. 3 of the Law on Non-profit Legal Entities, as well as entities in which these persons are managers, unless the transactions are evidently for the benefit of the Association and were concluded under publicly disclosed general conditions.
Art. 15. Costs incurred by the Association shall include:
1. Expenses for the implementation of the functions of the bodies of the Association and the performance of their powers, including:

a. Costs for remunerations under civil contracts and such others;
b. Other costs related with the coordination and administrative management of the activities of the Association, including costs related to the coordination and holding the General Assembly of the Association, costs related to the performance of the tasks assigned to working groups under art. 5 para. 1 of the Rules.

2. Expensing of funds, used directly to achieve the objectives of the Association and immediately connected with the pursuing of the main activity of the Association under art. 2 Rules:
a. costs of training through organization of courses, workshops and symposia of the Association;
b. granting scholarships for support, education, scientific research, developing scientific projects by members of the Association and external persons determined following the procedure defined in the Rules;
c. costs of establishing and maintaining facilities, designed for implementation of the activities under art. 2 of the Rules.

Art. 16 The financial activities of the Association shall be performed in accordance with the annual budget.
Art. 17 (1) The Association shall not be liable for the obligations undertaken with its property.
(2) The Association shall not be liable for its members’ obligations and the members shall not be liable for the Association’s obligations.
Art. 18. (1) The Association shall expense its property gratuitously to achieve its objectives and for the performance of the activities under art. 2 of the Rules in accordance with the adopted by the General
Assembly annual budget and annual programme for the Association’s activities.
(2) The gratuitous expensing of the Association’s property shall be made by planning and providing resources for achieving the objectives of the Association.
Art. 19. (1) The annual programme for the activities of the Association shall expressly specify each separate activity and event within the scope of the main activities of the Association under art. 2 of the
Rules that the Association shall carry out during the respective calendar year.
The annual programme shall plan specific actions to be undertaken for the performance of each separate activity. With the adoption of the annual programme, the draft plans for performance of different activities for the respective calendar year shall be adopted as well.
The funds required for the performance of the separate activities for the respective calendar year, their type, amount, specific purpose and way of spending, shall be determined by the Manager, except in the cases under art. 5, para 7 of the Rules, with the annual programme for performance of the activities of the Association and shall be included in the annual budget.
(4) In the annual programme the Manager of the Association shall coordinate and implement the activities planned and shall expense the resources defined by the programme and planned in the budget in accordance to the approved type, amount and intended use of funds.

FINAL PROVISIONS

§ 1. These Rules and procedures were adopted on 16.04.2010 by the General Assembly of RAILWAY AUTOMATION, SIGNALLING, TELECOMMUNICATION AND INDUSTRY ASSOCIATION pursuant to art. 35, item 2 of the Statute.
§ 2. Matters not settled by these Rules shall be resolved pursuant to the Law on Non-Profit Legal Entities, the Statute of the Association and the laws of Republic of Bulgaria.