Draft of Trust Deed by Shri. Santhanam

Trust Deed
This Trust Deed entered into between the members of the Moolangudi extended family on this 9th day of October in the year two thousand ten.

1. The trust will be known as "Moolangudi Sri Lakshmi Narayanan Temple Trust"

2. The trust will have a minimum of five trustees who will be nominated by the family members of (1) Late Sengipatty R. Annaswami, (2) Late M.R. Krishnaswami, (3) Late R. Soundararajan, (4) Late R. Srinivasan, (5) Late R. Parthasarathy, (6) Late Vanju Srinivasaraghavan, (7) Late R. Veera Raghavan, (8) Late R. Rajagopalan, (9) Late Moolangudi Srinivasa Atthan, (10) Late Komala Rajagopalan and (11) Late Vedham Srinivasan.

3. Each family members of A. Ranganathan, R.A. Krishnan, A. Srinivasan, M.K. Ramaswamy, M.K. Rengarajan, M.K. Padmanabhan, M.K. Sridhar, S. Jagganathan, S. Vasudevan, S. Kannan, Dr. S. Ramprasad, S. Krishnaswami, Srinivas Veeraraghavan, Raghu Rajagopalan, A. Raghavan and A. Santhanam will nominate one member of their family as a stakeholder/member of the General Body of the trust. In the event of that member being unable to carryout his/her duties, another person can be nominated by that family.

The Trust shall be managed by five trustees and all of them will have equal status. In case of any difference of opinion or dispute among the trustees, the matter shall be referred to the family members mentioned in clause (3) above and their decision shall be final and binding.

4. The trust will be registered with the Charity Commissioner as a Private Trust. All efforts should be made to get Income tax exemption certificate. Further, annual returns should be submitted to the Charity Commissioner and Income tax department regularly, in time and without fail. Any liability due to failure of submission of returns shall be the sole responsibility of the Trustees and the Trust/general body shall not be liable for any financial loss due to transgressions of the Trustees and all losses shall be borne and made good by the five trustees. In that event the family members shall remove the five trustees and nominate new trustees to manage the operation.

5. The trustees shall be responsible for the satisfactory maintenance of the Sri Lakshmi Narayanan Temple at Moolangudi including it's upkeep, carrying out repairs wherever necessary, timely payment to Archagar/Priest and incidental expenses like oil, flowers, electricity charges, watchman, conducting regular poojas and festivals.

6. The Trustees may also participate in social activities in and around the Village of Moolangudi like poor feeding, donation of books, note books, writing instruments etc., to needy school children including contribution towards midday meals, subject to availability of funds at their disposal after meeting the expenses related to the temple maintenance.

7. The trustees shall nominate one of the family members as Internal Auditor who will audit the accounts periodically and send his report to all members directly.

8. Also an outside Auditor shall be appointed as per statutory requirements and his/her remuneration shall be approved by the General Body and paid by the Trust. The audited accounts and auditor's observations should be circulated to all the family members.

9. The contributions received from the members shall be deposited in a bank account opened for this purpose and the trustees will acknowledge and issue receipts for the amount/s so received promptly. The amounts so received in a calendar month, after payment of the Priest and after meeting incidental expenses, shall be put in secured fixed deposits. The deposits should be insured to avoid any loss due to unforeseen circumstances.

10. The bank account/s shall be jointly operated by three trustees and all accounts should be maintained in the name of the Trust.

11. For all expenditures other than the routine monthly expenses, all the members should be consulted and their consents are obtained, before incurring the additional expenditure. The reasons and justification for incurring additional expenses should be clearly mentioned in the communication to the members.

12. For the convenience of managing the Temple, the Trustees, after getting the consent of all the members, may invite one or two residents of Moolangudi Village to actively participate in the affairs of the Temple, but they shall not be allowed to participate in the working of the Trust and management of it's funds. This will be only managed by the trustees.

13. The Trustees and other family members should meet to review the affairs of the Trust as and when convenient.

14. The accounting year shall be April to March and the statement of accounts with the auditor's report should be sent to all members postmarked not later than 30th September. The first accounting year will be April 2011-March 2012.