Fundacja Inicjatyw Społecznych SąsiedziFoundation

Manner of representation

1. Subject to section 2, the foundation may be represented externally and in activities within the scope of managing the foundation's affairs by each member of the management board independently. 2. In matters concerning the incurring of property obligations exceeding PLN 2,000.00 (in words: two thousand zlotys) and the granting of powers of attorney, the joint action of at least two members of the management board is required, subject to section 3. 3. Each member of the management board is authorised to make declarations of will on behalf of the foundation individually in connection with the conclusion of employment contracts, mandate contracts and contracts for specific work, irrespective of the amount of the financial obligations arising therefrom.