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Fair Labor

A meeting of the board of Directors of Commemorative Brands, Inc./Taylor, (“the Company” or “CBI/Taylor”), a Delaware corporation, was held at the Company’s offices in Austin, Texas on Monday, Novemeber 12, 2001 at 9:30 A.M. (CST) pursuant to the special notice given in accordance with the bylaws of the Company.

The following directors, constituting all of the members of the Board of Directors, were in attendance and acting throughout the meeting:

Mr. David Fiore
Ms. Sherice P. Bench
Ms. Leah Bush

The need for a Corporate resolution starting commitment to the Fair Labor Code.

WHEREAS, many of the universities that are clients of CBI/Taylor, in an effort to ensure that their licensed goods are produced under the fair labor standards, have joined as participants in the Fair Labor Association (the “Association”), and have obligated themselves to restrict their licensed products to those goods manufactured in compliance with the standards of that Association; and

WHEREAS, such university clients have asked the Company to certify that its goods are produced in accordance with the standards of the Association; and

WHEREAS, it is the judgment of the Directors of the Company that its participation in and compliance with the standards of the Association would serve the best interest of the Company by, among other things, promoting these goals.

NOW, THEREFORE, BE IT RESOLVED, THAT the Company shall forthwith apply for membership in the fair Labor Association and, upon becoming a member, shall do all things necessary or appropriate to comply with the fair standards promulgated by, and other duties and requirements of members of the Association.

RESOLVED that upon becoming a member, and thereafter, the Company shall obtain from the Association and furnish to those of its clients who request the same, certifications provided by the Association evidencing that the Company’s goods are produced in accordance with the standards of the Association.

FURTHER RESOLVED THAT the president and other officers of the Company are hereby directed, authorized, and empowered to execute all documents and instruments, and to take all actions that are, in their judgment, necessary or appropriate to apply for membership in the Fair Labor Association, comply with its standards and other requirements of membership, and to otherwise carry out the intentions of the resolutions. There being no further business brought before the Board, upon a motion duly made and seconded, the meeting was adjourned at 9:40 A.M. (CST).

The following directors, constituting all of the members of the Board of Directors, were in attendance and acting throughout the meeting:

Mr. David Fiore
Ms. Sherice P. Bench
Ms. Leah Bush