This
compilation consists of the By-Laws of the Shreveport Yacht Club as
adopted on March 12, 1964. These published By-Laws have been amended
by action taken in membership meetings through November 17, 2006.
ARTICLE I
Membership
Section 1. No person shall be eligible for membership in this Club unless such person shall:
a) Have reached the age provided in Section 4 hereof for the class of membership applied for, and
b) Be of good moral character, and
c) If Active or Non-Resident Membership is sought, own at least one whole share of stock of this corporation.
Section 2. There
shall be the following classes of memberships in the club: Active,
Non-Resident, Junior, Associate, Military, Honorary, Novice, and
Inactive.
Section 3.
The number of members in the Club shall be limited to 450 Active, and
such number of Associate, Junior, Military, Non-Resident, and Novice
Members as are eligible for memberships under conditions hereinafter
set out, and such number of Honorary members as may be elected by the
Board of Directors.
Section 4. The classes of membership shall be and are hereby defined as follows:
a)“Active Members”
shall have reached the age of twenty-one, and shall be entitled to all
privileges of the Club, including offices and voting at all called and
general meetings of the Club. The immediate household of the Active
Member shall be entitled to privileges of the club until they reach the
age of 21 (age 25 if still enrolled as a student in an accredited
college or university).
b)“Novice Members”
shall have reached the age of 14 and shall not have attained the age of
21 and shall be entitled to the privileges of the Club except the right
to vote and hold office. The privileges of the Club shall be extended
to the immediate members of the Novice Member’s family only when
accompanied by the Novice Member. A Novice Member shall automatically
become a Junior Member upon paying to the Club the difference between
the amount of the initiation fee for a Novice Member and a Junior
Member in effect at the time he reaches his 21stbirthday. The change from Novice Membership to Junior Membership shall become effective on January 1st following his 21stbirthday.
If, however, upon reaching 21 (or a full time student applying
initially), the Novice Member is still a full time student in an
accredited university, he/she shall remain a Novice Member until the
graduation date plus six months. Additional restrictions will apply to
Novice Members in this category. The member may only bring out three
guests and will undergo a six-month probationary period.
c) “Junior Members”
shall be between the ages of 21 and 32 inclusive. They shall be
entitled to enjoy all the privileges of Active Members, except that
they shall not be eligible to vote or hold office. A Junior Member
shall automatically become an Active Member upon purchase of one share
of stock and paying to the Club the difference between the amount of
the initiation fee for a Junior Member and an Active Member in effect
at the time he reaches his 33rd birthday,
with the exception that Junior Members with at least three years
standing may attain Active status without paying additional initiation
fees. The change from Junior Membership to Active Membership shall
become effective on his 33rd birthday.
d) “Military Members”
shall be persons on active duty with any of the armed forces of the
United States who may be admitted to membership upon the recommendation
of two members of the Club, and upon approval of the Membership
Committee of the Club. Military Members shall not have the right to
vote or hold office, buy may, upon acquisition of at least one whole
share of Active Member stock and the payment of appropriate initiation
fee, convert such membership to that of Active Member and enjoy all the
privileges of that class. The immediate household of Military Members
shall be entitled to privileges of the Club until they reach the age of
21 (age 25 if still enrolled as a student in an accredited college or
university).
e) “Associate Members”
shall be an Active Member having been in good standing for 10 years
and having reached the age of 65. Who, upon the affirmative vote of
two-thirds of the members of the Board of Directors, elects to sell to
the Club at par such share, or shares, of Active Member stock as were
owned by the member. Thereafter the Associate member will be extended
the same privileges of the Club as are enjoyed by Active Members,
except that they shall not be eligible to vote or hold office.
Retired Active Members who elect to convert to Associate Status may
retain their stock and thereby are entitled to vote and hold office.
Widows of deceased members classified as Associate Members as of March
1, 1996 under prior By-Laws will be allowed to continue as Associate
Members.
f) “Honorary Members”
shall be those members who may be elected by the Board of Directors for
such reason as the Board may deem proper. An Honorary Member who
previously was an Active Member shall be eligible to become an Officer
of the Club and to vote at all meetings the same as Active Members, so
long as the Honorary Member has retained his/her share of stock.
g) “Inactive Member”
shall be one who has paid the initiation fee, and who is unable to use
the Club privileges for reasons deemed satisfactory by the Board of
Directors. An Inactive Member shall not pay dues and shall not have
the rights of a member.
h) “Non-Resident Members”
shall be persons having reached the age of 21 whose primary place of
residence is located over a 50 mile radius from the Shreveport Yacht
Club. They shall be entitled to all privileges of the Club as are
enjoyed by Active Members.
Section 5. Admission of Members
a)
Applications for membership in the Club shall be made in writing and
shall state the name, address, business of the applicant, and the class
of membership desired. It shall be endorsed by two voting members in
good standing. All applicants for membership shall be filed with the
Secretary, who shall deliver the applications to the Commodore, who
shall, in turn, deliver such applications to the Membership Committee.
At least two members of the Membership Committee shall then indicate
their approval or rejection by placing their signatures on the face of
the application.
b)
If the report of the Membership Committee shall be unfavorable to any
applicant, it shall report immediately to the Commodore, who shall
notify the sponsoring Members of such action. Any of the sponsoring
Members shall have the right to appeal to the Board of Directors. A
two-thirds vote of the entire Board shall be required to admit any
such applicant.
c)
A spouse of any member shall likewise be a member of the yacht club and
shall have the same status as their spouse, whether Active, Novice,
Junior, Military, Non-Resident, Associate, or Honorary. Joint-spouse
members shall be allowed to vote at all meetings either by voting ½
vote each or by choosing either spouse to vote one vote for both. Upon
divorce of such members, they shall advise the club which person will
continue to be the member in the Club or shall acquire one additional
share of stock, and shall pay the appropriate monthly dues beginning
on the first day of the month following the month in which they were
divorced. Should said members fail to do either, the Club shall have
the right to immediately bill and assess both for a share of stock and
dues.
d)
If a boat is jointly owned by more than one party (person), each party
(person) is required to be a member of the Club, except in the case of
husband and wife as set forth in the preceding paragraph.
ARTICLE II
Board of Directors
Section 1.
The affairs of the Club shall be conducted by a Board of Directors
consisting of all officers, together with three voting members of the
Club at large chosen by the members in good standing at the annual
meeting of the membership, and shall transact the business of the Club
between annual meetings.
Section 2.
The Board of Directors shall conduct, manage, and direct the business
of the Club and shall have the power and authority to borrow money in
the name of the Club necessary for the operation of said Club and its
facilities; provided, however, that such Board shall have no authority
to sell or otherwise dispose of any real property in which the Club has
any character or interest, unless and until the Secretary, acting upon
instructions from the Board, has obtained the affirmative written
consent of the majority of the entire voting membership of the Club, or
unless approved by a majority vote of all voting members present at
any annual meeting, or any special meeting called specifically for the
purpose of considering such sale, or disposition, at which special
meeting the 30 days written notice shall be given all voting members of
the Club.
Section 3. QUORUM: Four members of the Board of Directors at any meeting shall constitute a quorum.
Section 4.
MEETINGS: The Board of Directors shall meet at least once every month,
and all Directors shall be notified in advance of each meeting.
Section 5.
VACANCIES: The Board of Directors shall have the authority to fill any
vacancy occurring within its membership and such appointee shall hold
office for the remainder of the term of the Board of Directors to
which appointed.
Section 6.
TERMS: The term of the office of a Director is one year or until his
successor is fully elected. Members of the Board of Directors are
eligible for service for not more than three consecutive terms, except
that any Board Member can service a fourth term as Commodore, and a
fifth term as Rear Commodore.
Section 7.
The Board of Directors shall have the power to remove one or more
Members of any Committee, and to expel any Member of the Club guilty
of any violation of the By-Laws or rules of the Club, or of any offense
against the good government of the Club, which shall include any
misconduct of a Member or his affiliations, rendering him undesirable
as a Member of the Club, whether committed on the Club property or
not. A copy of the charges preferred against any Member shall be
delivered to him at least ten days before the meeting at which such
charges shall be considered, giving him notice of the time and place
of the meeting, and such Member shall have an opportunity to be heard
in his defense. In order to expel a Member, a two-thirds vote of the
entire Board of Directors shall be required.
ARTICLE III
Officers
Section 1. OFFICERS: The officers of the Club shall consist of a Commodore, Vice-Commodore, Rear Commodore, Secretary, and a Treasurer.
Section 2. ELECTION
a)
The Board of Directors shall elect a Nominating Committee by its July
meeting. The Committee shall be composed of one Board member and four
voting members in good standing from the Club at large.
b)
The Secretary shall post the names of this committee on the Club
bulletin board when appointed. The names of the committee shall be
published in the August TellTale. The Secretary shall post the names
of the nominees for each office on the Club bulletin board at least six
weeks prior to the annual meeting. The names of the nominees shall be
published in the September TellTale.
c)
At the annual meeting, the Nominating Committee shall present the names
of the nominees for each office to be filled. Nominations may also be
made from the floor. Nominations made from the floor shall be limited
to a person or persons whose name has been proposed by not less than
five members in good standing in writing and filed with the Secretary
not less than ten days prior to the annual meeting. The name or names
of these nominees shall be posted at least seven days before the annual
meeting. The election shall be by acclamation except when there is more
than one nominee for an office, in which case the election shall be by
secret ballot, and a majority of the vote cast shall be necessary to
elect.
Section 3. DUTIES
a) The Commodore shall preside at all meetings of the Club and Board of Directors, but shall not vote except in case of a tie.
b) The Vice-Commodore shall discharge all of the duties of the Commodore during his absence or inability to act.
c) The Rear Commodore shall be the immediate past Commodore.
d)
The Secretary shall keep the corporate records of the Club, and shall
keep records of the proceedings of all meetings of the Members and the
Board of Directors and shall perform such other duties as are required
by the By-Laws, the Commodore, and the Board of Directors.
e)
The Treasurer shall have custody of all moneys and funds belonging to
the Club, and shall keep or see that proper books and records of
accounts are kept; and to prepare or cause to be prepared as directed
by the Board of Directors a true financial statement reflecting the
assets and liabilities of the Club and all receipts and disbursements.
Section 4.
VACANCIES: Vacancies in office shall be filled by the Board of
Directors and such appointees shall hold office for the remainder of
the term of the Board of Directors to which appointed.
Section 5. Terms:
The term of an officer is one year or until his successor is duly
elected. Officers are eligible for service for not more than three
consecutive terms, except that any officer can serve a fourth term as
Commodore and will serve the following year as Rear
Commodore. Following the lapse of one term they may serve again;
provided, however, that no person shall be Commodore for more than one
term during his eligibility period.
Section 6. OATH OF OFFICE:
a)
The incoming elected officers are required to take an oath of office as
follows: “I do solemnly promise to faithfully execute the will of the
Members of Shreveport Yacht Club, Inc., as expressed in their Articles
of Incorporation, By-Laws, and orders properly adopted in duly
constituted membership meetings and customs. I will strive to promote
and protect the best interests of boating and the Club.”
b)
The oath of office will be administered to incoming elected officers on
New Years Day at approximately 2:00 p.m. (Changed at October 1998
Election Meeting).
c)
The oath of office shall be administered by the outgoing Commodore or
his designee. If the outgoing Commodore is not available and there is
no designee, the most recent Past Commodore available shall be the
installing officer.
ARTICLE IV
Committees
Section 1.
It shall be the duty of the Commodore, immediately after his election,
to appoint the following standing committees and to name the Chairman
of each, such committees to serve until the next annual meeting or
until their successors are appointed: Race, Membership, Regatta,
Swimming Pool, Long Range Planning, Finance, and Buildings and Grounds.
a) The Commodore shall serve as an ex-officio member of all committees.
b)
The appointment of all such committees, except the Membership
Committee, shall be subject to the approval of the Board of Directors.
One of the duties of each Committee shall be to provide the Board of
Directors with proposed rules and regulations pertaining to that
particular Committee.
Section 2. The RACE COMMITTEE shall consist of at least three Members whose duties shall be:
a) To formulate the season’s racing schedule.
b) To set and maintain a suitable racecourse.
c) To make all necessary arrangements for the proper management of all races.
d)
To keep a permanent record of all racing results in a book provided for
that purpose and to publish from time to time the standings of all
participating Members.
e) To establish a system of qualifications from members of the Club in sailing events.
f)
Where applicable, all races shall be conducted according to the rules
and regulations provided by the Unites States Sailing Association or
special rules applicable to a particular class.
g) The Race Committee shall not be responsible for Regattas.
Section 3.
The MEMBERSHIP COMMITTEE shall review membership applications and
recommend approval or rejection of applicants to the Shreveport Yacht
Club. The Committee shall consist of not less than three Members,
including the Chairman.
Section 4.
The REGATTA COMMITTEE shall have complete charge and supervision of
the annual Club regatta including the appointment of the Race
Committee and other Committees deemed necessary by him.
Section 5.
The SWIMMING POOL COMMITTEE shall have complete charge of the swimming
pool and shall work with the manager to keep the pool and equipment in
a good state of repair. The Committee shall work with the Club Manager
and the Board of Directors in employing lifeguards who have been
qualified by the American Red Cross. After the lifeguards are employed,
they shall be under the supervision of the Club Manager.
Section 6.
The LONG RANGE PLANNING COMMITTEE shall identify capital improvements
to enhance the Shreveport Yacht Club facilities. The committee shall be
composed of five Members, which shall be made up of the immediate past
two Commodores, and three Members to be appointed by the Commodore, one
of which shall be a Member of the Board of Directors.
Section 7.
The FINANCE COMMITTEE shall consist of the appointed Chairman,
Treasurer, immediate past Treasurer, and such other Members, as the
Commodore deems advisable. The Finance Committee shall prepare a
budget for the new Fiscal year and present it to the Board of Directors
for acceptance, modification, or rejection not later than the first
regular meeting of the New Board of Directors after the annual
meeting. The Committee shall study the financial condition of the Club
and assist the Board in all financial matters. The Committee shall
submit to the Board of Directors and to the membership financial
reports as requested by the Board of Directors.
Section 8.
The BUILDING AND GROUNDS COMMITTEE shall develop and implement a
program to assure maintenance that will enhance the overall facilities
of the Shreveport Yacht Club. The committee shall be composed of at
least four members, one of which shall be a member of the Board of
Directors.
Section 9. The Board of Directors may appoint such other committees as may be necessary from time to time.
Section 10.
The Commodore may at any time replace the Chairman or Members of any
committee or appoint additional Members to a committee when found
necessary and upon approval of the Board of Directors.
ARTICLE V
Initiation Fees, Dues, Deposits, Shares of Stock and Taxes Thereon
Section 1. Initiation fees, dues and deposits shall be as follows:
a)
Effective November 1, 2004, the initiation fee of an ACTIVE MEMBER is
$500.00, the monthly dues shall be $72.75, and Long Range Planning dues
$7.25 per month.
b)
Effective November 1, 2004, the initiation fee of a JUNIOR MEMBER is
$150.00, the monthly dues shall be $58.20, and Long Range Planning
$5.80 per month. In addition, a $100.00 deposit is required of all
Junior Members upon joining or conversion from novice status. The
deposit will be returned upon resignation, less debt owed, or will be
applied towards the purchase of a share of stock if the Junior Member
converts to active status.
c)
Effective November 1, 2004, the initiation fee of a NOVICE MEMBER is
$75.00, the monthly dues shall be $14.50, and the Long Range Planning
dues shall be $1.50. Monthly dues will increase to $20.50 and Long
Range Planning to $2.50 for full-time student Novice Members over age
21.
d)
An ASSOCIATE MEMBER shall pay no initiation fee but shall pay monthly
dues and Long Range Planning dues of one-half an Active Member.
e)
MILITARY MEMBERS shall pay $100.00 annually in advance as an initiation
fee; however, total payments are not to exceed the initiation fee of an
Active Member. Effective November 1, 2004, monthly dues shall be
$72.27, and Long Range Planning dues $7.25. Military Members will not
have the right to vote or hold office.
f) HONORARY MEMBERS shall pay no initiation fees or dues.
g)
INACTIVE MEMBERS: Upon the written request of any Member, the Board of
Directors may, in its discretion, suspend payment of dues of the Member
for such period of time as the Board may determine. An Inactive Member
shall not have the right to vote or hold office.
h)
The initiation fee of a NON-RESIDENT MEMBER is $500.00, the monthly
dues and Long Range Planning dues shall be one-half that of an active
member.
i) Any Federal or State taxes levied on initiation fees, dues or shares of stock shall be added to the above amounts.
j) Upon notice of acceptance, the Members shall pay the initiation fee and at least one month’s dues in advance.
k) All dues shall be paid in advance annually, semiannually, quarterly, or monthly.
Section 2. RESIGNATION: The resignation of a member must be in writing to the Commodore.
Section 3.
PURCHASE OF STOCK: Any person applying for ACTIVE or NON-RESIDENT
MEMBERSHIP shall be required to purchase at least one whole share of
stock in the corporation for not less than the par value of $200.00, or
for such greater amount as shall, from time to time, be fixed by the
Board of Directors, except that the applicant acquires a share from a
private source.
ARTICLE VI
Meetings
a)
There shall be two meetings held each year with one meeting to be known
as the “Annual Election Meeting,” which will be held during the month
of October and a second meeting to be known as the “Annual Business
Meeting,” which will be held during the month of February.
b)
The Officers and Board of Directors shall be elected at the Annual
Election Meeting in October. These officers shall take office the
January 1st following.
c)
At the Annual Business Meeting the Commodore shall submit to the Club a
complete report of the insurance carried, reports of Finance and other
Committees. The Budget for the coming year shall be presented and
approved by the membership at this meeting.
d)
The Secretary shall call special meetings at the direction of the
Commodore, or in his absence, by the Vice-Commodore or upon the written
request of 20 members.
e)
At all meetings, 20 members eligible to vote or 20% of the entire
membership eligible to vote, whichever is the lesser number, shall
constitute a quorum, and be authorized to transact business, and if at
the annual meeting no quorum is present, the presiding officer shall
adjourn the meeting to a day fixed by him with the same effect if held
as above provided.
f)
Notices shall be sent to every Voting Member in good standing of all
meetings of the corporation at least seven days in advance of such
meeting.
g)
The Rules as contained in Robert’s Rules of Order, Revised, of
Parliamentary Law, shall govern the meetings of this Club and its Board
of Directors.
h)
When capital expenditures in excess of $7,500 are to be considered, the
proposed expenditure will be defined and the membership advised via
the TellTale news-letter within 30 days of the Corporation meeting. The
specific proposal(s) will also be included in the letter (or Post card)
announcement of the meeting to the membership within the same 30-day
time frame.
i)
Proxies shall not be given to individuals or groups, thus they are not
assigned for the purpose as the term proxy is meant for. However,
members who for any reason are going to be out of town, in the
hospital, and otherwise unable to attend the General Membership Meeting
will be allowed to send to the Club or cast their vote at the Club
office 7 days in advance of any such meeting.
ARTICLE VII
Debts Due the Club
a)
All debts due the Club shall be payable immediately upon receipt of the
Club bill. Any member delinquent in his dues and other obligations 60
days after the first billing has been mailed to him shall be suspended
from the Club. At the time of this suspension a notice in the form of a
certified letter shall be mailed advising the delinquent member of the
suspension. In cases involving unusual circumstances, the Board of
Directors may waive the provisions of this section in order not to
cause an undue financial hardship on any member otherwise in good
standing.
b)
If the suspended member does not make arrangements for payment of his
debt that is satisfactory to the Board of Directors, his membership
will be terminated by majority vote of the Board of Directors at any
meeting called by the Commodore.
c)
If any member falling under the above categories wishes to retain
membership, he may present to the Board of Directors the exact status
of his case, and, if in their judgment, additional time should be
granted, they are authorized to act accordingly.
d)
Members in arrears to those who have been suspended shall not be
permitted to vote at any meeting and shall not be entitled to any
privileges of the Club.
e) The Board of Directors may at its discretion take any legal action it deems necessary to collect indebtedness due the Club.
f)
The Board of Directors has the authority to establish, from time to
time, reasonable charges for a delinquent fee, attorney’s fees, costs,
and interest due on all past due accounts. (Changed February 22, 2002).*
*
(Board of Directors monthly meeting, February 13, 2003, established
that past due accounts will incur a 1.5% or $5.00 late fee, whichever
is greater, as well as attorney fees on outstanding amounts.)
ARTICLE VIII
Rental of Facilities
a) Only members in good standing shall be entitled to rent boat space, trailer space and lockers when available.
b)
The charges for rental of boat space, trailer space and lockers shall
be determined by a majority vote of the members present at a meeting
called in accordance with Article XVI of the By-Laws.
c)
The rental for lockers shall be due and payable annually in advance.
The rental for boat or trailer space shall be due and payable monthly
in advance.
d)
Boat space or slip shall be defined to include any space occupied by
any boat within the jurisdiction of the Shreveport Yacht Club, which
includes anchorage or on shore.
e)
The rental of a boat space or slip is only for the space. The Lessee
assumes responsibility for equipment located in a trailer space, boat
space or slip and agrees to hold the Shreveport Yacht Club harmless in
case bodily injury or property damage is caused thereon or there from.
The Shreveport Yacht Club may, but it has no responsibility,
therefore, inspect the equipment in a trailer space, boat space or
slip; and if the equipment is found to be unsafe in its opinion, the
Shreveport Yacht Club may notify the Lessee of such finding requiring
that the equipment be repaired or removed by a specified date not more
than 30 days from date of notice. In the event the equipment is not
repaired or removed within the specified time, the Shreveport Yacht
Club may remove said equipment at the expense of the Lessee, which sum
is due and payable by Lessee on mailing of invoice.
f)
Upon termination of membership and/or termination of rental agreement
as to boat space, trailer space or locker, Lessee shall immediately
remove all personal gear, equipment and boat. In the event Lessee fails
to immediately vacate the boat space, trailer space or locker, the
rental for boat space shall be 200% of the annual rental fee for such
boat space, trailer space or locker prorated on a daily basis. In the
event Lessee does not vacate boat space, trailer space or locker within
30 days after written notice addressed and mailed to Lessee at his
address shown on the records of the Shreveport Yacht Club, Lessee
thereby abandons and forfeits to the Shreveport Yacht Club such
equipment, boat or other items not removed without compensation
therefore. The Shreveport Yacht Club is authorized to remove said
equipment, boat or other items from the boat space, trailer space or
locker without liability or obligation to Lessee.
g)
Without prejudicing the right of the Shreveport Yacht Club under
conditions for forfeiture as provided herein, the Shreveport Yacht Club
may at its option in the event a member is in default as to any
indebtedness due the Shreveport Yacht Club and does not make payment
in full within 30 days after written notice is mailed to such member
addressed to him at his address shown on the records of the Shreveport
Yacht Club, take possession of any equipment, trailer or boat of the
member in default. The Shreveport Yacht Club is authorized in the name
of said member and as his or her agent to dispose of said equipment,
trailer or boat at a price which is deemed appropriate by the Board of
Directors and apply said price to the indebtedness due the Shreveport
Yacht Club.
h)
The income from rent on slips and trailer space shall be placed into a
special account known as the “Slip Account” which shall be maintained
for the replacement, repair, and construction of piers, sea walls,
harbor and trailer spaces, including principal, and/or interest
payments on any loan taken out to finance such projects, and prepayment
of both. Expenditures from the “Slip Account” are subject to the
provisions of Article XII. (Amended from 50% to 100% at Membership
meeting on February 2, 2001)
ARTICLE IX
Fiscal Year
The Fiscal year of the Club shall be January 1st to December 31st (both inclusive).
ARTICLE X
Dissolution
At
the dissolution of said corporation, whether from termination of its
Charter or from any other cause, its affairs shall be liquidated under
the superintendence of a committee of three (3) Members, to be
appointed at a general meeting called for such purpose, whereof, ten
(10) days prior notice shall be given; and such committee shall have
full power to sell and dispose of all the property and effects of said
Club, to pay its debts or liabilities, and distribute the surplus, if
any, among its members; but no dissolution shall take place without the
consent of three-fourths (3/4) of the Members of the Club present at a
meeting called for that purpose. No member shall be permitted to vote
under this Article unless in good standing with the Treasurer.
ARTICLE XI
Visitors
a)
Out of town visitors or visiting boats may be granted 10 day guest
privileges by any member in good standing; said visitors shall be
allowed club privileges and use of the sponsoring member’s equipment.
A visitor’s card signed by both the sponsoring member and manager will
be issued to the visitor. Out of town visitors may be entitled to this
privilege but once in any three month period unless authorized by the
Board of Directors. An authorized out of town visitor need not be
accompanied by the sponsoring member.
b)
Any person residing within a 50 mile radius of the Shreveport Yacht
Club, or having his place of business within that radius, shall be
considered a resident for the purpose of this article. Resident guests
of members shall be accompanied by the sponsoring member or the
sponsoring member’s spouse.
ARTICLE XII
Contracts
a)
No contract over $500.00 but less $1,500.00 shall be entered into by
the Club without the express approval of either the Commodore or the
Treasurer. Amounts greater than $1,500.00 require the approval of the
Board of Directors.
b)
Membership approval must be obtained for major expenditures of Seven
Thousand Five Hundred Dollars ($7,500.00) above budgeted money.
c)
Formal bids shall be asked on expenditures above Five Thousand Dollars
($5,000.00) for the guidance of the Board of Directors.
ARTICLE XIII
Burgee
The
Burgee of the Club shall be a swallowtail flag, the length to be one
and one-half the hoist. The device shall be a red triangle at the head
of the flag on a blue ground. In the red triangle shall be the letters
S.Y.C. in white. There shall be two stars in the blue swallowtail point
in white.
ARTICLE XIV
Responsibility
The Club shall not be responsible for loss or damage to personal property of Members, visitors, or guests.
ARTICLE XV
Manager and Employees
The
manager and employees, except the lifeguards, shall not hold membership
in the Club. That notwithstanding any provisions of the By-Laws, the
Board of Directors of the Shreveport Yacht Club may allow the Manager
to use Club facilities to store and use boats and trailers in
accordance with these By-Laws and within written guidelines established
from time to time by the Board of Directors. (Amended November 17, 2006
in a General Membership Meeting)
ARTICLE XVI
Amendments
a)
These By-Laws may be amended at any annual meeting of the corporation
by a majority vote of the members present provided the following
conditions are met:
1) The Feb/Oct Tell-Tale shall contain a notice that the question of amendments shall be considered at the annual meeting.
2) The
notice mailed to the membership at least seven days prior to an annual
meeting shall contain a note that the question of amendments is to be
considered.
3)
The specific language of any proposed amendment shall be presented to
the Secretary in writing and shall be posted at the club at least seven
days prior to the meeting.
b)
These By-Laws may be amended at any special meeting of the corporation
properly called and a quorum being present, provided the Secretary has
been furnished a written copy in duplicate of the proposed amendment
at least 14 days prior to the meeting and provided the Secretary post
one copy on the bulleting board of the Club and mails a notice to the
voting members at least seven days prior to the meeting, advising that
the changes will be considered. The notice shall specify the Article or
subsection in which the proposed change occurs.