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					                                                    Approved by
                            the Constituent Congress of IAAREE
                                               on 29 April 1992,
                             with modifications and amendments
                                 approved by IAAREE Congress
                                                on 15 May 1998

                                                 Registered by
                                        The Ministry of Justice,
                                           Russian Federation,
                                                 11 June 1998
                                               under No. 1322




      PUBLIC ORGANIZATION


      CHARTER
              OF

            THE
INTERNATIONAL ASSOCIATION
     FOR AUTOMOTIVE
   AND ROAD ENGINEERING
        EDUCATION
         (IAAREE)
International Association for Automotive and Road Engineering Education (IAAREE)     3


ARTICLE 1.          GENERAL PROVISIONS
1.1.   The public organization ‘International Association for Automotive and Road
       Engineering Education,’ hereinafter referred to as ‘the Association,’ is a
       membership-based, voluntary, self-governing, and non-commercial
       association formed by employees of higher and secondary learning
       institutions, and advanced training institutes who are active in the training of
       professional specialists for work in the automotive sector (motor transport,
       road-and-bridge construction), in airfield construction, and in tractor- and
       agricultural machine-building in order to protect their common interests and
       attain the objectives of the Association set out in this Charter.
1.2.   The Association carries on its activities within the territory of individual
       regions of the Russian Federation, and in the Republic of Kazakhstan and is,
       therefore, an international public association. The Association may carry out
       its activities within the territory of any other countries where its divisions,
       branches, and representative offices may from time to time be opened.
1.3.   In the pursuance of its activities, the Association shall be guided by the
       norms of international law, by the Constitution of the Russian Federation,
       the Federal Public Organizations Law, and by other applicable norms of
       Russian law and by this Charter.
1.4.   In its activities the Association shall maintain contacts with other public
       associations, including international organizations, whose activities are
       aimed at the improvement of specialist training, and it shall also render
       assistance to learning institutions and state agencies in solving such
       problems.
1.5.   The full name of the Association in the Russian language is Общественная
       организация «Международная Ассоциация автомобильного и
       дорожного образования», and its full name in the English language is
       International Association for Automotive and Road Engineering
       Education; the shortened name of the Association in the Russian language
       is «МААДО», its shortened name in the English language is IAAREE.
1.6.   The Association shall have its common round seal bearing its name, any
       number of stamps, its official emblem, letterhead forms showing its name
       and emblem.
1.7.   The registered office of the Executive Council of the Association is located
       at: 125319, Moscow, Leningradsky prospect, 64.
1.8.   The Association shall exist for an indefinite term.
4                                                       CHARTER of Public Organization

ARTICLE 2.          GOALS AND OBJECTIVES OF THE ASSOCIATION
2.1.   The Association is formed to unite the efforts of employees of learning
       institutions, research institutes, enterprises and organizations in order to
       render necessary assistance to state bodies and agencies in the improvement
       of the system of automotive and road-engineering education and to help
       meet the requirements of enterprises and organizations in qualified
       personnel.
2.2.   To attain its stated goal, the Association carries out the following types of
       activities:
     participates in the development of the long-term strategy for the training of
      specialists of deferent educational levels in accordance with the
      requirements of manufacturing companies and enterprises;
     contributes to the development and strengthening of new innovational
      structures within higher learning institutions and to the development of
      forms and methods for the organization of investment policies in the system
      of personnel training;
     stimulates the development of new scientific schools of thought in the field
      of automotive and road-engineering education, and is involved in the
      development of new and effective forms and methods of instruction;
     establishes relations and coordinates its activities with international state-run
      organizations active in the system of personnel training for the motor-
      transport sector, tractor- and agricultural machine-building, and with public
      organizations in other countries;
     participates – through its departments and organizations in CIS countries
      with which it maintains cooperation – in dealing with matters pertaining to
      the equivalency of educational documents issued by learning institutions in
      CIS countries and recognition of study programs, academic degrees and
      honorary degrees in the field of activities of the Association;
     conducts research into existing trends for changes in the requirements of
      different industry branches of the motor-transport sector, tractor- and
      agricultural machine-building and their infrastructure for qualified
      specialists in accordance with development prospects;
     participates, at the request of government agencies, in the examination and
      attestation of teachers and instructors of higher learning institutions;
     participates, in cooperation with educational establishments of foreign
      countries, in the accreditation of specialization areas, individual subjects,
      courses that are within the scope of the Association;
International Association for Automotive and Road Engineering Education (IAAREE)   5

    takes part in the development and implementation of the organizational-
     economic mechanism for planning and formation of official personnel
     requirements for specialists of the motor-transport sector, airfield
     construction, tractor- and agricultural machine-building;
    participates in developing the nomenclature of specializations and specialties
     and in the implementation of a qualitatively new system for specialist
     training based on new study plans, programs and instruction methods that
     form the cadre potential which is fully adequate and in total agreement with
     developmental requirements of different branches of the motor-transport
     sector, airfield construction, tractor- and agricultural machine-building and
     their respective infrastructure facilities;
    takes part in the expert assessment of enterprises and faculties of higher
     learning institutions with a view to improve the quality of professional
     training of specialists in the automotive and road industries;
    holds seminars itself and participates in the organization and conducting of
     international seminars, conferences, and symposiums on problems of
     science, education that the Association faces within the framework of its
     individual programs and projects;
    conducts the preparation of publication plans on a competitive basis, as well
     as reviewing, editing and distribution of all types of study- and
     methodological materials, educational software prepared and developed by
     the Association;
    develops and prepares software for learning and production purposes within
     the field of activities of the Association;
    participates in the development of specification requirements for technical
     means, devices, machines and equipment used in the study process and
     scientific research;
    helps find positions of employment for teachers, instructors, graduates of
     higher and secondary learning institutions;
    renders commercial consultancy- and translation services within the scope of
     activities of the Association;
    helps foreign citizens to gain admission to educational establishments with
     majors in subjects that are within the field of activities of the Association;
    interacts with national Academies of Sciences in the solution of scientific
     problems that fall within the field of activities of the Association;
    exchanges information on the results of research work carried out in the field
     of activities of the Association, takes part in scientific-and-technical
     exhibitions, shows and other events in accordance with existing legislation;
6                                                      CHARTER of Public Organization

     conducts reviews and analyses of the level of training of specialists in higher
      learning institutions and their use in companies and enterprises;
     conducts educational activities, sets up and participates in non-governmental
      educational establishments providing additional professional education,
      advanced study courses for executives and specialists;
     conducts in a prescribed manner the training of driving instructors, acts in
      cooperation with the latter in order to improve the quality of training of
      professional drivers and motorists;
     participates - in cooperation with other state organizations - in the
      development of specifications and criteria for the technical diagnostics of
      motor vehicles;
     conducts in a prescribed manner editing-publishing and advertising-
      information activities, publishes and distributes scientific, methodological,
      specialist and other literature;
     renders free and commercial services to the members of the Association as
      well as to other legal entities and natural persons;
     develops and conducts public expertise of business-plans, feasibility studies,
      investment and commercial proposals in respect of such infrastructure
      facilities that fall within the scope of the Association in accordance with
      international requirements;
     carries out - in accordance with existing legislation – entrepreneurial
      activities, including foreign-economic activities, inasmuch as the same are
      directed at the attainment of the stated goals and objectives of the
      Association.
2.3.   Proceeds from the entrepreneurial activities of the Association may not be
       distributed among its members and participants, and may be used only to
       attain the goals and objectives of the Association set out in this Charter.
2.4.   All types of activities that require special state authorization or licensing
       shall be pursued by the Association provided that it is in possession of the
       required authorization or licenses.

ARTICLE 3.          RIGHTS AND LIABILITIES OF THE ASSOCIATION
3.1.   For the better and more effectual conducting of its activities, the Association
       shall have the right to:
     set up ad hoc work groups and creative teams, involving the scientific talent
      and potential of the members and participants of the Association, for the
      purpose of dealing with major scientific-and-technical as well as
International Association for Automotive and Road Engineering Education (IAAREE)   7

       methodological problems corresponding to the goals and objectives of the
       Association;
    send on business trips individual teachers and instructors, scientists and
     specialists – members and participants of the Association – to CIS and other
     foreign countries to enable them to exchange professional experience and for
     probation;
    render free assistance to scientists and specialists of educational
     establishments that were wounded or otherwise suffered during the
     discharge of their professional duties, to former employees of educational
     establishments now retired, as well as to the families of those killed;
    set up individual grants for the most talented and promising undergraduate
     and graduate students;
    render material assistance to employees of educational establishments
     helping such employees conduct research work in prioritized issue areas and
     in further improvement of the human resources activities in the motor-
     transportation sector, airfield construction, tractor- and agricultural machine-
     building.
3.2.   The Association shall have such other rights as are provided for in existing
       legislation and as are necessary for the attainment of its stated objectives.
3.3.   The Association shall strictly comply with the terms and conditions of
       Clause 29 of the Federal Public Associations Law as well as with the terms
       and conditions of other existing legislative acts that specify the obligations
       of public associations before the State and society.

ARTICLE 4.          LEGAL STATUS OF THE ASSOCIATION
4.1.   The Association shall acquire all rights and liabilities of a legal entity in
       connection with its activities as of its state registration which shall be
       performed in a prescribed manner. The Executive Council of the
       Association, its permanent management body, shall exercise in the name and
       on behalf of the Association all rights and powers pertaining to it by virtue
       of its being a legal entity.
4.2.   The Association is set up in the organizational-legal form of a public/social
       organization whose underlying form of ownership is defined as public
       ownership.
4.3.   The Association shall have its own balance, settlement- and other accounts,
       including foreign currency accounts, in banks and other banking institutions,
       and shall act on a self-supporting and self-financing basis.
8                                                     CHARTER of Public Organization

4.4.   The Association shall have the right to acquire in its own name property
       rights and personal non-proprietary rights, undertake liabilities, act as the
       Plaintiff and as the Defendant in any court proceedings as well as in any
       arbitration or mediation.
4.5.   The Association shall not be liable for the obligations of the State and any
       governmental bodies or agencies, nor shall it be liable for the obligations of
       its individual members and participants, and the State, any governmental
       bodies or agencies as well as the members and participants of the
       Association shall not be liable for the obligations of the Association.
4.6.   The Association shall be liable for its obligations with all its property on
       which a penalty may be imposed in accordance with existing legislation.
4.7.   The Association shall have the rights to set up in a prescribed manner its
       divisions and branches, open representative offices in regions of the Russian
       Federation and abroad which may use the official emblem of the
       Association.
4.8.   In accordance with existing legislation, the Association may act as a founder
       of business organizations whose activities shall conform to the goals of the
       Association, and may also join other public associations.
4.9.   The Association may in its own name enter into any transactions and other
       legal deeds with domestic and foreign legal entities and natural persons.
4.10. Based on the underlying principles for activities of public associations, the
      Association may independently determine the manner in which it shall use
      its proceeds generated through its self-supporting activities, and it may also
      independently determine the forms and manner of labor remuneration and of
      providing incentives to its employees, fix prices for all products produced
      and services rendered by the Association and its business organizations,
      issue certificates of education and training received at the Association.
4.11. The Association may engage in any type of construction work, acquire,
      alienate, lease and take on lease all movable and immovable property of any
      kind and description whatsoever and conduct all other types of activities that
      are not specifically prohibited in existing legislation.

ARTICLE 5.          FOUNDERS, MEMBERS, AND PARTICIPANTS OF THE
                    ASSOCIATION
5.1.   The founders of the Association are natural persons who convened          the
       Constituent Congress, adopted a resolution on the formation of            the
       Association, approved the Charter of the Association and elected           its
       management, control and auditing bodies. Upon the formation of            the
International Association for Automotive and Road Engineering Education (IAAREE)      9

       Association, its Founders automatically become members of the Association
       acquiring all member rights and undertaking all member obligations.
5.2.   The following natural persons may be admitted as members of the
       Association: Russian citizens, foreign citizens and persons without
       citizenship, if they are at least 18, if they have paid the required membership
       dues stipulated in this Charter, and if such persons have expressed their
       desire to personally contribute to the activities of the Association. Public
       organizations and associations may also be admitted as members of the
       Association: legal entities organized and existing with the participation of
       teachers and students of higher and secondary institutions of learning, with
       the participation of advanced training institutes that are active in the training
       and improvement of the qualification of specialists engaged in the motor-
       transport sector, airfield construction, tractor- and agricultural machine-
       building, with the participation of specialist departments of general
       educational establishments preparing specialists in a wide range of
       automotive and road specialties, and with the participation of research-,
       project-, production-, transport- and other companies, enterprises and
       organizations which have paid the required entrance fee and are actively
       involved in the activities of the Association.
5.3.   Admission to the Association is carried out on the basis of personal
       applications submitted by natural persons and on the basis of resolutions of
       the management bodies of public associations desiring to become members
       of the Association. Admission decisions are made by the Executive Council
       of the Association or by the executive bodies of its branches.
5.4.   An entrance fee is fixed by the executive body that makes the corresponding
       admission decision and may be set on a case-by-case basis.
5.5.   To the membership of the Association may be admitted only natural persons
       and other public associations/legal entities that are organized on the basis of
       principles specified in Article 5.2 of this Charter and that have demonstrated
       their commitment to the goals and objectives of the Association or to its
       concrete actions and that are already taking part in the activities of the
       Association on an informal basis.
5.6.   Natural persons and public organizations, which are members of the
       Association, enjoy equal rights and have equal liabilities.
5.7.   Members of the Association (public associations represented by their
       authorized representatives) may:
    elect others and be elected themselves to the management bodies and
     control-and-auditing bodies of the Association;
    monitor the activities of the Association as a whole, its executives and
     officials;
10                                                      CHARTER of Public Organization

      make proposals for discussion at Congresses and take part in such
       discussions;
      use services rendered by the Association enjoying the benefits and
       preferences set up for the members of the Association by decision of the
       Executive Council;
      cancel one’s membership in the Association notifying the Executive Council
       thereof at least three months in advance.
5.8.    Members of the Association shall:
      pay an entrance fee and membership dues in such manner, in such time and
       in such amount as specified by the management bodies of the Association;
      contribute to the attainment of the goals and objectives of the Association set
       out in this Charter;
      comply with all provisions of this Charter and with all decisions made by the
       executive bodies of the Association within their competency.
5.9.    Any member may be expelled from the Association by decision of its
        Executive Council if such member is systematically in default of his duties
        as a member of the Association or if the activities of such member inhibit or
        prevent the Association from attaining its declared goals and objectives.
5.10. In the event of voluntary cancellation of membership in the Association or in
      the event of expulsion, entrance fees and other obligatory dues or voluntary
      contributions shall not be refunded.

ARTICLE 6.           STRUCTURE OF THE ASSOCIATION
6.1.    The Association may set up its divisions or branches and open its
        representative offices in regions (provinces) of the Russian Federation, in
        CIS countries and in other foreign countries. Divisions of the Association
        may act both on the basis of the Charter of the Association itself and on the
        basis of their own by-laws. Such divisions and other structural units are
        registered in accordance with Clause 21 of the Federal Public Associations
        Law or in accordance with the laws of the country where a specific division
        or other structural unit of the Association is opened.
6.2.    The highest executive body of a division acting on the basis of the Charter of
        the Association is a General Meeting of Members of the division which such
        members shall convene at least once every year. Any General Meeting shall
        be deemed properly constituted if more than half of the members of the
        division are in attendance. All decisions and resolutions are adopted by a
        simple majority vote. Any General Meeting is entitled to adopt resolutions
International Association for Automotive and Road Engineering Education (IAAREE)   11

       on all matters pertaining to the activities of the division. In between General
       Meetings of Members, activities of a division are managed by its Chairman.
6.3.   Branches and representative offices formed in the Russian Federation do not
       constitute legal entities and act in accordance with Regulations on Branches
       and Representative Offices approved by the Executive Council of the
       Association. Such branches and representative offices receive all necessary
       property from the Association, which property is registered in a separate
       account and in the assets of the Association. Heads of branches and
       representative offices are appointed by the Association and act on the basis
       of powers of attorney issued to them by the Association.
6.4.   The rights of the Association and its structural units as regards management
       of all its property are defined in existing legislation and in internal
       documents of the Association.

ARTICLE 7.          EXECUTIVE BODIES OF THE ASSOCIATION
7.1.   The highest executive body of the Association is its Congress which shall be
       convened at least once every three years. Congresses are convened and held
       in accordance with the regulations that are approved by the Congress of
       members.
Any Congress shall be deemed duly convened if at least one half of the members
of the Association are in attendance. All decisions are made and all resolutions are
adopted by a simple majority vote, except a decision on the liquidation and
restructuring of the Association which shall be made by a qualified two-third
majority vote of those present at the Congress of the Association. An extraordinary
Congress may be convened on the initiative of the Executive Council or the
Auditing Commission.
7.2.   Any Congress of the Association may make decisions and adopt resolutions
       on all matters pertaining to the activities of the Association. The following
       matters fall within the exclusive competency of the Congress:
    approval of the Charter and all modifications and amendments thereto;
    election of the President and Vice-Presidents of the Association;
    election of members of the Executive Council of the Association;
    election of members of the Auditing Commission, approval of its reports and
     findings;
    adoption of the regulations on the convention and procedures of the
     Congress;
    approval of major long-term and forward-looking programs and projects of
     the Association and of reports on their performance;
12                                                    CHARTER of Public Organization

      adoption of resolutions on the liquidation and restructuring of the
       Association;
      appointment of the Auditing Commission, determination of working
       procedures and financing thereof, approval of the liquidation balance.
7.3.   In between Congresses, all activities of the Association are managed the
       Executive Council, its permanent elected body, whose members are elected
       for a period of three years.
The Executive Council includes the positions of President, Vice-Presidents of the
Association, Secretary General of the Council and Managing Director.
In the event that any member of the Executive Council ceases to be a member
thereof before the expiration of his term, the Executive Council may admit a new
member whose candidature shall be subsequently approved at the next Congress of
the Association.
The Executive Council shall meet as necessary but at least once every half-year.
The Executive Council shall be headed by the President of the Association. The
Council may make decisions and adopt resolutions provided that at least two thirds
of its members are in attendance. All decisions are made by a simple majority vote
of the members present at its meetings. All decisions made by the Executive
Council within its competency are binding upon all members of the Association,
all members of the Executive Council itself and all employees of the executive
management.
7.4.   The competency of the Executive Council shall include the following
       matters:
      admission of members to the Association and expulsion therefrom;
      setting the amount, time and manner of paying the entrance fee and the
       yearly membership dues;
      development of strategic programs and projects of the Association and their
       presentation to the Congress for approval;
      approval of necessary funds for the implementation of purpose programs and
       projects;
      approval of the organizational structure, approval of staff numbers in the
       administration of the Association and its funding;
      approval of budgets of incomes and budgets of expenditures;
      review and approval of reports on the operations of the Association;
      appointment and dismissal of the Managing Director, his deputies and heads
       of major structural units of the Directorate;
International Association for Automotive and Road Engineering Education (IAAREE)   13

    making decisions on the formation of Divisions, Branches and on the
     opening of Representative Offices of the Association, approval of
     Regulations specifying their procedures;
    making decisions on the formation of business organizations, study centers,
     and other business units of the Association;
    coordination of work among Divisions and other structural units of the
     Association;
    approval of the emblem of the Association;
    provision of personal grants to undergraduate and graduate students, who are
     members of the Association;
    dealing with all other matters that are not within the exclusive competency
     of the members of the Association.
7.5.   The President of the Association, elected by the Congress of the Association
       for a period of three years, shall:
    provide general guidance in respect of the activities of the Association, its
     divisions, branches and representative offices;
    coordinate the activities of Vice-Presidents and determine their functional
     responsibilities;
    ensure that all decisions of Congresses of members of the Association and of
     the Executive Council be implemented and carried through;
    approve work plans of the Association and monitor their performance;
    represent without a power of attorney the interests of the Association before
     all government and public bodies and organizations, as well as in
     companies, enterprises, organizations and agencies of all forms of ownership
     both in Russia and abroad;
    be entitled to enter into all contracts, agreements and other legal acts with
     any domestic and foreign legal entities and natural persons as may be
     necessary to attain the declared goals and objectives of the Association.
In the absence of the President, his duties are performed by one of the Vice-
President who shall be so entrusted by the President himself.
7.6.   The executive-managing body of the Association is its Executive Directorate
       headed by the Managing Director.
7.7.   The Managing Director:
    carries out management of the activities of the Executive Directorate;
    represents the Association without a power of attorney in all government
     and other bodies and organizations both in Russia and abroad;
14                                                      CHARTER of Public Organization

      disposes of the funds and property of the Association within his powers;
      opens account in banks and operates such accounts;
      enters in the name of the Association into any contracts and agreements,
       including employment contracts;
      hires and discharges employees of the administration of the Executive
       Directorate, rewards such employees in accordance with an incentive system
       adopted by the Association, disciplines them as necessary in compliance
       with the requirements of existing legislation;
      organizes the development of activity plans of the Association and presents
       projects to the President of the Association;
      organizes public expertise and prepares expert findings relating to the study-,
       methodological- and program output of ad hoc creative teams and work
       groups;
      presents proposals at meetings of the Executive Council on prioritized
       programs and projects for the activities of the Association;
      ensures that all decisions of the Executive Council and all directions of the
       President and Vice-Presidents of the Association are carried through and
       followed;
      sets up and ensures smooth operation of the reporting and accounting system
       of the Association, is responsible for its validity and for timely presentation
       of all required reports to overseeing government bodies;
      issues orders and instructions within its competency that shall be binding
       upon all employees of the Executive Directorate.

ARTICLE 8.           THE AUDITING COMMISSION
8.1.    Control over the activities and business of the Association shall be exercised
        by the Auditing Commission which shall be elected at a Congress of the
        Association from among the members of the Association for a period of
        three years. The members of the Auditing Commission may not
        simultaneously be members of the Executive Council and occupy staff
        positions in the administration of the Executive Directorate. The members of
        the Auditing Commission shall elect Chairman of the Auditing Commission
        out of their number.
8.2.    The Auditing Commission shall conduct auditing of the financial and
        business activities of the Association at least once every year. Additional
        auditing reviews may be conducted at the request of a Congress, the
International Association for Automotive and Road Engineering Education (IAAREE)   15

       Executive Council or on the initiative of the Auditing Commission itself in
       the event there are sufficient grounds therefor.
8.3.   The Auditing Commission shall draw up its findings with respect to annual
       reports and balance statements and present such findings to the Congress for
       its review and approval.
8.4.   In the event that essential interests of the Association are compromised or in
       the event that abuses by officials of their powers are discovered, the
       Auditing Commission shall be required to demand that an extraordinary
       Congress of members of the Association be convened or a meeting of the
       Executive Council be held to discuss such matters.

ARTICLE 9.           PROPERTY AND FUNDS OF THE ASSOCIATION AND
                     SOURCES THEREOF
9.1.   The Association may own on a proprietary basis plots of land, buildings,
       structures and facilities, housing, transportation assets, machinery and
       equipment, instruments, facilities for culture activities and rest and
       relaxation, funds of money, shares and other securities and any other
       property of any kind and description if such property is necessary for the
       attainment of the declared objectives of the Association.
9.2.   The sources of property and funds of the Association are:
    mandatory entrance fees and memberships dues payable by all members of
     the Association;
    voluntary contributions and donations of the members of the Association as
     well as of other Russian and foreign legal entities and natural persons;
    proceeds form the entrepreneurial activities of the Association, funds
     allocated out of the profits of business organizations set up by the
     Association;
    proceeds from the use of property belonging to the Association;
    proceeds from events held by the Association or held by other entities for
     the benefit of the Association, including auctions and lotteries;
    allocations from the profits generated as a result of the activities of Divisions
     of the Association, including their purpose contributions to joint programs
     and projects;
    dividends payable in respect of shares, bonds and other securities as well as
     deposits;
    bank credits;
    other incomes not prohibited in accordance with existing legislation.
16                                                      CHARTER of Public Organization

9.3.   All means and funds of the Association shall be used for the attainment of
       the goals and objectives outlined in this Charter. Control over the proper use
       of funds shall be exercised by Congresses of members of the Association, by
       the Executive Council and by the Auditing Commission. All proceeds from
       projects and programs financed by the Association shall be used to finance
       the activities of the Association specified in this Charter and may not be
       distributed among the members and participants of the Association.
9.4.   The Association shall conduct operational-, bookkeeping-, and statistical
       accounting in such manner as prescribed by existing legislation.

ARTICLE 10.         CESSATION OF THE ACTIVITIES OF THE
                    ASSOCIATION
10.1. The activities of the Association may be terminated by means of its
      liquidation or restructuring by resolution of the Congress of the Association
      and in accordance with this Charter or in such other cases as may be
      stipulated in existing legislation.
10.2. Liquidation and restructuring shall be carried out in a manner specified by
      existing legislation.
10.3. All property and funds of the Association liquidated by decision of the
      Congress shall be directed towards its stated goals and objectives upon
      satisfaction of all such claims as may be had by creditors.
10.4. In the event of the cessation of the activities of the Association, its personnel
      documents shall be duly transferred for keeping to the State Archives.

				
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