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Article
III Directors
Section 1. Powers
The business and property of the corporation shall be managed by a Board
of Directors who may exercise all the powers of the corporation which
are not expressly reserved to the members by law, the Articles of Organization
or these By-Laws.
Section
2. Election
On October 25, 1995, the members for 1995-96 shall elect two Class A directors
and two Class B directors. At each subsequent annual meeting, or any special
meeting in lieu of annual meeting, the members shall elect two Class A
directors.
On October
25, 1995, or as soon thereafter as is practicable, the trustees then in
office shall elect three Class A directors and three Class B directors.
At each subsequent annual meeting, or special meeting in lieu of annual
meeting, the trustees shall elect two Class A directors.
Of the directors
elected by the trustees, one shall represent the specific interests of
the adaptive rowers, and one shall represent the specific interests of
the youth rowers. Those responsibilities shall be in addition to, and
not in place of, the duties and obligations otherwise assumed by directors
hereunder.
After each
annual meeting or special meeting in lieu of annual meeting, the directors
then in office may elect up to two additional Class A directors.
The term
of a Class B director shall expire at the next annual meeting or at the
next special meeting in lieu of annual meeting following such director's
election to the board. The term of a Class A director shall expire at
the second annual meeting (or special meeting in lieu of annual meeting)
following such director’s election to the Board. The designation
of a director as a Class A director or as a Class B director shall refer
only to the length of such director's term of office.
Any vacancy
in the board due to the resignation, removal, or death of a director may
be filled by a vote of the directors at any meeting of the directors.
The person filling such vacancy shall serve for the balance of the term
of the director whose office is being filled.
Any vacancy
in the board caused by the failure of the trustees to elect a Class A
director at the annual meeting or special meeting in lieu of annual meeting
may be filled by a vote of the directors at any meeting of the directors
(provided, however, that any such meeting of the directors must take place
prior to the next annual meeting or special meeting in lieu of annual
meeting.) The person filling such vacancy shall be a Class A director.
Section
3. Resignation and Removal
Any director may resign by delivering his written resignation to the corporation
at its principal office or to the President or Clerk, and such resignation
shall be effective upon receipt unless it is specified to be effective
at some later time. Any director may be removed from office by the affirmative
vote of a majority of the members present at any special meeting of the
members called for the purpose at which a quorum exists.
Section
4. Meetings
Regular meetings of the directors may be held without call or notice at
such places and times as the directors may from time to time determine,
provided that any director who is absent when such determination is made
shall be given notice thereof. A regular meeting of the directors shall
be held at the same place as the annual meeting of the members or the
special meeting held in lieu thereof, following such meeting of the members.
Special meetings of the directors may be held at any time and place designated
in a call by the President, the Treasurer or two directors.
Section
5. Notice of Special Meetings
Notice of all special meetings of the directors shall be given to each
director by the Clerk or, in his absence or unwillingness to serve, by
the officer or the directors calling the meeting. Such notice shall be
given to each director in person or by telephone or telegram sent to his
business or home address at least twenty-four hours in advance of the
meeting, or by mail or e-mail addressed to his business or home address
and postmarked at least seventy-two hours in advance of the meeting. Except
as required by law and these By-Laws as a condition to the removal of
a director, notice of a special meeting need not be given to any director
if a written waiver of notice, executed by him before or after the meeting,
is filed with the records of the meeting, or to any director who attends
the meeting without protesting, prior thereto or at its commencement,
the lack of notice to him. A notice or waiver of notice need not specify
the purpose of any special meeting unless such purpose is the removal
of a director or an officer.
Section
6. Quorum
At any meeting of the directors, three directors shall constitute a quorum
for the transaction of business, but a lesser number may without further
notice adjourn the meeting to any other time.
Section
7. Action at Meetings
At any meeting of the directors at which a quorum is present, the vote
of a majority of those present shall decide any matter, unless a different
vote is specified by law, the Articles of Organization or these By-Laws.
Section
8. Action By Consent
Any action by the directors may be taken without a meeting if a written
consent thereto is signed by all the directors and filed with the records
of the meetings of the directors. Such consent shall be treated for all
purposes as a vote at a meeting.
Section
9. Non-Voting Directors
The directors may create classes of non-voting directorship and membership
such as honorary directors, honorary members, associate directors, regional
directors, friends, alumni and the like, and may elect persons to those
classes for such terms and on such conditions as the directors determine
and may assign to such persons such responsibilities, duties and privileges
as the directors determine. Persons elected to such classes of membership
shall not be directors or members for the purposes of these By-Laws and
shall have no votes at any meetings of the directors or members.
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