Article 1 - Purpose and Name

Section 1. The name of this club shall be Clear Lake Ski Club.

Section 2. The purpose of the Clear Lake Ski Club (hereinafter referred to as "Club") is to promote the sport of waterskiing through group participation, tournaments and associated recreational activities; develop and maintain Clear Lake for water skiing and recreational use; stimulate interest in our community; and work for greater safety in water skiing.

Section 3. The Club is established as a nonprofit corporation.

Article 2 - Membership

Section 1. Membership in the Club shall be open to owners and their dependents residing on Lots 1 through 20 of Clearwater Subdivision. Membership is limited to ten (10) active memberships.

Section 2. In order to maintain insurance coverage, all members of the Club must maintain active membership in USA Water Ski.

Section 3. All people desiring to become members of the ski club must sign an agreement stating that they have read and agree to abide by the rules and regulations and the bylaws of the ski club, which will be kept on file by the board of directors

Section 4. A member may resign from the Club at any time upon written notice addressed to the Secretary.

Section 5. Membership in the Club may be terminated for nonpayment of dues by action of the Board of Directors. Termination of membership for any member shall not release the said member from the obligation to pay all dues owed to the end of the period of that membership. Membership may also be terminated for violation of the rules and regulations by a three- quarter vote of all of the members of the Club, or suspended by a majority vote at any regular or special meeting.

Section 6. The number of available memberships can only be increased by a unanimous vote of all active members in good standing.

Section 7. A member, who sells his or her property, and does not sell the corresponding membership with it, may utilize the rights of said membership until the end of the current calendar year. At the end of the calendar year this membership becomes inactive.

Section 1. The management of the Club shall be vested in a Board of Directors.

Article 4 - Board of Directors

Section 1. The Board of Directors shall consist of the President, Vice President, Treasurer and Secretary.

Section 2. All members of the Board of Directors shall hold office for one year or until their successors are duly elected and qualified. Three members of the Board of Directors shall constitute a quorum at any meeting of the Board of Directors.

Section 3. The Board of Directors may employ whatever personnel they deem necessary and for which funds are available and budgeted, to aid in the management of the Club.

Section 4. Regular meetings of the Board of Directors shall be held quarterly at a time and place designated by the President.

Section 5. Special meetings of the Board of Directors may be called by the President, notice of which shall be given in sufficient time to permit members to be present, taking into consideration the availability of transportation and other contributing factors.

Article 5. - Officers

Section 1. The elective officers of the Club shall be President, Vice-President, Secretary, and Treasurer. Officer positions other than President may be combined. But no fewer than three people may hold the combined officers’ positions.

Section 2. The officers shall be elected by the members at their annual meeting and shall hold office for the term of one year or until their successors shall have been elected and qualified.

Section 3. The President shall preside at all meetings of the Club and of its Board of Directors, shall appoint all committees, and shall carry on those other responsibilities assigned to him/her by these Bylaws and by the Board of Directors.

Section 4. During the absence or temporary incapacity of the President, the Vice-President shall perform the duties, and have the powers of the President.

Section 5. The Secretary shall keep all records of the Club and be responsible for the minutes of all meetings of the general membership and the Board of Directors as well as rosters, attendance, mailings, and correspondence.

Section 6. The Treasurer shall keep all accounts of the Club and have charge of its funds. He/She shall keep all funds in a bank approved by the Board of Directors and in the name of the Club, subject to withdrawal by checks signed in such manner as may be approved by the Board of Directors. He/She shall disburse funds of the Club under the direction of the Board of Directors. An annual audit shall be prepared and submitted to the membership.

Section 7. Vacancies in any elective office may be filled by the members at any meeting of the Club at which a quorum is present. The successor so chosen shall serve for the unexpired term of his/her predecessor.

Article 6 - Fiscal Year

Section 1. The fiscal year of the Club shall commence on the first day of January and end on the thirty-first day of December.

Article 7 - Budget

Section 1. The Treasurer shall submit to the members at their annual meeting a proposed budget of expenditures covering the total anticipated expenditures for the new fiscal year. This budget shall be considered and approved with or without revisions. It may be reviewed and is subject to revision at any regular meeting of members thereafter. The officers and/or the Board of Directors and/or any paid employee of the Club shall not obligate the Club in excess of the approved budget or otherwise than according to the approved budget.

Article 8 - Dues

Section 1. The dues of each member of the Club and the method of payment thereof shall be determined at each annual meeting. The total dues shall be divided equally among all members.

Article 9 - Meetings

Section 1. The annual meeting of the members of the Club shall be held on the second Sunday in January.

Section 2. Regular meetings of the Club shall be held as determined by the membership at the annual meeting.

Section 3. Written or phone notices of the place, day and hour of all meetings shall be prepared by the Secretary. The remaining Board of Directors shall assist the Secretary with all club meeting notices.

Section 4. Special Club meetings may be called by the President or by any six members upon three days notice to the membership.

Section 5. Each meeting of members shall be held at the place, day and hour designated in the notice.

Section 6. A majority of the members shall constitute a quorum. Any action taken at a regular or special meeting shall require a majority vote of those present.

Article 10 - Amendments

Section 1. Except as stated herein, these bylaws may be amended at any meeting of the Club by a majority vote of the members attending such meeting, providing a notice of such proposed amendment or amendments shall have been mailed to each member with notice of the meeting at which the amendment or amendments are to be considered.

Signatures

My signature below verifies that I have read and understand and agree to abide by the bylaws as listed above.