status fondacije eng

Article 18.
Supervisory Board consists of a president and two members appointed by the City
Assembly.
The mandate of the President and members of the Supervisory Board last for the duration
of the Project „Novi Sad 2021- European Capital of Culture“.
The Supervisory Board is the body that allows coordination of all authorities and
departments at all levels of government and the organization of continuous and organized
political, technical, administrative and financial support for implementation of the Project.
Article 19.
The function of the President of the Supervisory Board performs a member of the City
Council of the City of Novi Sad responsible for cultural affairs.
Members of the Supervisory Board are representative of the Ministry of Culture and
Information of the Republic of Serbia and a representative of the Provincial Department of
Culture, Information and Relations with Religious Communities of the Autonomous Province of
Vojvodina.
Members of the Supervisory Board receive financial compensation for their work, net of
the amount of 50% of the average monthly salary in the Republic of Serbia, according to the
latest published data of the authority responsible for statistics.
The fee stated in paragraph 3 of this Article shall be paid if the Supervisory Board held a
session during a month, regardless of the number of sessions held.
To determine the rules and procedures, the Supervisory Board may adopt Rules of
Procedure.
The Rules of Procedure shall be adopted by a simple majority vote of all members of the
Supervisory Board.
Membership of the Supervisory Board shall be dissmissed by the Assembly of the City of
Novi Sad.
Membership in the Supervisory Board may ends by resignation, death, loss of legal
capacity and the cessation of function for which the member is appointed.
In the cases stated in paragraph 8 of this Article, the Assembly of the City of Novi Sad
desides on the termination of membership in the Supervisory Board.
Article 20.
Sessions of the Supervisory Board Chairman convenes the President of the Supervisory
Board through written invitation to the members at least 10 days prior to the meeting.
In case of an urgency, the session may be held electronically and via telephone or
electronic mail, it can be scheduled immediately prior to maintenance, if all the members of the
Supervisory Board agree.