ARTICLE V: PAYMENT OF OBLIGATIONS
Section 1: Funds of the organization may be withdrawn from the
bank with which they are on deposit only on the
signature of an authorized agent. The signatures of the
Treasurer and two other officers shall be filed with the
bank. All checks written for $300.00 or more must be
signed by two authorized agents.
Section 2: The fiscal year of the organization shall begin June 1 and
end May 31.
Section 3: At any time that the net liquid assets of the organization
exceeds two thousand dollars($2,00.00) the amount over
two thousand dollars shall be placed in a saving account.
Funds from this account may be withdrawn from the
bank with which they are on deposit only on an
authorized signature as stated in Article V, Section 1.
Section 4: All dues and fund raising monies will be kept in a
separate account from the Life Member fees and the
special Camp Virginia Jaycee account.
ARTICLE VI: RECORDS
Section 1: Correct and complete records of the proceedings of the
organization will be kept and maintained by the
Secretary of the organization and shall be available for
inspection by any member upon reasonable notice.
Section 2: Correct and complete records of the organization's
financial accounts will be kept and maintained by the
Treasurer of the organization and shall be available for
inspection by any member upon reasonable notice.
Section 3: The principal office of this organization shall be in the
same space as that of the Virginia Jaycees.
ARTICLE VII: GIFTS
Section 1: The Board may accept, on behalf of the organization, any
contributions, gifts, bequests, or devise for any special
purpose of the organization provided that no such gift is
conditional or will impose upon the organization a
special trust not contemplated by the purposes of the
organization.
ARTICLE VIII: AMENDMENTS
Section 1: These By-Laws may be altered, amended or repealed by
two-thirds(2/3) vote of the members present at any
regular or special meeting, provided that written notice
of the proposed changes has been mailed to each
member at his last known address at least twenty(20)
days prior to the date of the meeting.
ARTICLE IX: RULES OF ORDER
Section 1: Roberts' Rules of Order shall govern the proceedings of
all meetings of the organization, except as provided in
these By-Laws.
ARTICLE X: POLICY
Section 1: The Board may establish policies concerning the rules
and proceedings for the conduct of the affairs of the
organization upon matters not inconsistent with these
By-Laws. Such policies may be declared and amended
by two-thirds(2/3) vote of the Board present at any
regular or special meeting of the Board.
ARTICLE XI: DUES
Section 1: Each active member in this organization shall pay annual
dues.
Section 2: All new Life Members' dues are paid for the first fiscal
Life Member Association year.
