This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Bylaws Of The Corporation For Public Broadcasting In Michigan
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The Public Broadcasting Act of 1967 established the Corporation for Public Broadcasting (CPB), a private, non-profit corporation managed by a nine-member board appointed by the President and approved by the Senate to funnel government support to public stations and producers nationwide.
Since 1968, CPB has been the steward of the federal government's investment in public broadcasting and the largest single source of funding for public radio, television, and related online and mobile services. CPB funding is the “public” foundation of our nation's public-private public media partnership.
Corporate bylaws are required in Michigan. ing to MI Comp L § 450.1231, “the initial bylaws of a corporation shall be adopted” at the first organizational meeting following incorporation. In other words, bylaws are legally necessary to form a corporation in Michigan.
CPB is a private nonprofit corporation that is fully funded by the federal government. Less than 5% is allocated to administrative costs – an exceptionally low overhead rate compared with other nonprofits.
CPB is a private, nonprofit corporation authorized by Congress in the Public Broadcasting Act of 1967. CPB is the steward of the federal government's investment in public broadcasting and the largest single source of funding for public radio, television, and related online and mobile services.
Commercial radio stations are run for profit and funded by advertising.
Stations rely on generous donations from viewers like you, corporate sponsorships, and foundation grants to cover the rest of their operating budget. Part of each station's operating budget is programming dues which it pays to PBS (and NPR) for National programming like PBS News Hour.
Corporate bylaws are a company's foundational governing document. They lay out how things should run day-to-day and the processes for making important decisions. They serve as a legal contract between the corporation and its shareholders, directors, and officers and set the protocol for how the organization operates.
Any company registered in Michigan can order certified copies of its official formation documents from the Michigan Department of Energy, Labor & Economic Growth. Processing time is typically 7-10 business days plus mailing time.
How do I create Articles of Incorporation? Step 1: State where the corporation is incorporating. Step 2: Provide details about the person filing the Articles of Incorporation. Step 3: State the corporation's name, purpose and duration. Step 4: Include details about the registered agent and office.