Charter of Liao Changyong Vocal Art Special Fund (Draft)

　　Chapter One General Principle

　　Article 1: Liao Changyong Vocal Art Special Fund (hereinafter referred to as the Fund)is a special fund authorized by and subjected to Shanghai Cultural Development Foundation.

　　Article 2:The mission of the Fund is to promote the development and the prosperity of vocal art of our nation, and through various manners, to foster vocal performing talents, to increase the public awareness of art and to boost the degree of social civilization; Meanwhile, it strengthens the communication and cooperation of culture art between organizations at home and abroad, consequently makes contributions to the nation's cultural undertakings.

　　Article 3:The Fund firmly abides by the nation's related laws and regulations and the charter of Shanghai Cultural Development Foundation.

　　Chapter Two Mission

　　Article 4:The Fund shall, through various channels and measures, strive after imbursement and contributions from organizations and individuals who show great interests in the cause of culture art both at home and abroad.

　　Article 5:The Fund constructively promotes the development and the prosperity of culture and art of our nation, sponsors and supports vocal performing cause, fosters vocal performing talents and boosts the communication with other countries.

　　Article 6:The Fund, through nurturing vocal performing talents, promote the development and prosperity of Shanghai cultural and artistic activities.

　　Chapter Three The Council

　　Article 7:The Council is an authoritative institution of the Fund, and it consists of artists and entrepreneurs who support the cause of culture. The Council convenes irregularly depending on the needs.

　　Article 8:The Council has one Chairman, and several Trustees. The Chairman is elected for a term of four years, and can be re-elected.

　　Article 9:The functions and powers of the Council are:

　　1.To constitute and amend the Charter of the Foundation;

　　2.To elect the Chairman and Vice Chairmen;

　　3.To examine and approve the project plans submitted for grant and the sums of grant;

　　4.To decide on financial assistance projects and examine the fulfillments of the project plans;

　　5.To decide on other major issues of the Foundation.

　　Article 10:The Fund's daily work is presided by the Chairman.

　　Chapter Four Trustees and Others

　　Article 11:Representatives of organizations and individuals at home and abroad can be approved to be members of the Fund as long as they accede to the Charter, show great enthusiasm in the cause of nation's culture and art and take on some necessary assignments in the Fund.

　　Article 12:Trustees have the right to participate in and supervise all kinds of work and to join all kinds of activities in the Fund. Also, they have the obligation to abide by the Fund's Charter, to execute resolutions made by the Council and actively accomplish the task assigned by the Fund.

　　Article 13:The work of Council's Secretary and the Fund's financial affairs is done by the Secretariat and Accounting Department of the Shanghai Cultural Development Foundation.

　　Chapter Five The Fund

　　Article 14:The sources of the Fund are: funds for cultural activities given by the government, contributions from individuals or organizations at home and abroad as well as other legal incomes.

　　Article 15:The Fund is managed under the related requirement of Charter of Shanghai Cultural Development Foundation.

　　Article 16:The funds are utilized in culture-related items and activities. The Foundation's outlay should be signed both by the Chairman and authorized representatives from Shanghai Cultural Development Foundation.

　　Article 17:All items granted by this fund should give clear indication of Items Granted by Liao Changyong Vocal Art Special Fund in proper way when appeared in public.

　　Article 18:The maintenance and increment of the fund are under the supervision and management of Shanghai Cultural Development Foundation. The fund can be deposited in the financial institutions to take in interests and can be used to purchase bonds, but it cannot be used as venture investment. The increment of the fund is in the possession of Shanghai Cultural Development Foundation.

　　Article 19:The Fund abides by the related finance system, audit system and social supervision system of Shanghai Cultural Development Foundation. The Fund implements an independent system of accounting and account opening and reports to the Council about the annual Budget and Final Account.

　　Article 20:When the sum of the fund（including fixed asset）is less than RMB100,000Yuan,the fund should be brought forward for accounting purposes. After liquidation, the asset is still in the possession of Shanghai Cultural Development Foundation, and the fund shall be disbanded simultaneously.

　　Chapter Six Appendix

　　Article 21:The Council is entitled the sole right to the interpretation and amendment of the Charter.