WHAT HAPPENS TO THE VALUABLE NEW MURRILLS HOUSE ASSET IN THE EVENT THE INSTITUTE IS WOUND UP IN THE FUTURE?


Upon completion of the acquisition of Murrills House as the Institute’s new headquarters, the IIMS management board had reason to check the constitution closely at a recent meeting when the subject was discussed as to what would happen to this valuable new asset in the event that IIMS was dissolved at some point in the future.


So after a few minutes of rifling through the constitution, Article 10 was discovered which clarified the matter once and for all and for the benefit of members, it reads as follows:


Article 10 Dissolution of the Institute The Institute can only be dissolved by a decision taken by a three-quarter majority of those present or represented members, by an Extraordinary General Meeting convened for this purpose.


Notification of this meeting must be made individually. At the same time that the General Meeting pronounces the dissolution by a majority of present or represented members, it designates


two liquidators who are responsible for the liquidation of the property of the Institute.


The funds representing the net assets of the


Institute at its dissolution must be allocated to one or more charitable organisations for the welfare of mariners decided at the meeting by the majority of its present or represented members.


And here are the latest developments with Murrills House. Some of the essential work that did not require council planning permission has been completed to satisfaction. This includes treating infestation in the roof space, adding new insulation in the loft and replacing some damaged roof slates. The work to replace most of the rotten windows and repair the front door requires formal planning approval from the local authority and the application has been made and accepted recently.


This is also the matter of what was a very large, old cluster of five trees to the front of the building, which visitors to Murrills House could not have failed to notice! These have been tackled in a fairly delicate operation by tree surgeons with the result that one huge sycamore has gone, uncovering the remaining more handsome French oak that has been trimmed back to a manageable height.


BEFORE


AFTER


34 | The Report • December 2020 • Issue 94


Member News


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