The Beaufort Yacht & Sailing Club (BYSC) has secured permits from state and federal agencies for a mooring field. BYSC will license members in good standing to use a mooring upon the terms and conditions set forth herein and the member, by executing a copy of this Mooring License, agrees to abide by these terms and conditions.
The terms and conditions are as follows:
BYSC grants the undersigned member a non-assignable, revocable
license to use the mooring location.
BYSC agrees to be responsible for the design, installation, repair and maintenance of the anchoring device, shackles, chain, and surface buoy at BYSC’s sole cost and expense.
BYSC will not warranty the anchoring device, shackles, chain, or surface buoy and shall be held harmless for any damage to, or caused by, the member’s boat at any time.
The member agrees to be responsible for all tackle attached to and between the surface buoy and the member’s vessel at the member’s sole cost and expense.
The boat owner will be contacted in the event that wear or damage to the boat owner’s tackle is observed and the boat owner is required to take immediate action.
The Licensee may use the tender between the dock and the member’s boat. The tender must not be taken outside the mooring field. If the tender is tied to a member’s boat, it must be visible from the main dock. The boater using the tender must periodically make themselves visible so another member can signal them to return to the dock. The boater should also monitor VHF channel 16 in order to be contacted.
The member, by signing this agreement, shall indemnify and hold harmless Beaufort Yacht & Sailing Club from all liability, including but not limited to personal injury and/or property damages arising out of his/her use and enjoyment of the mooring.
The license granted herein shall be revoked and of no further force or effect on the happening of any of the following events:
The member ceases to be a member in good standing of BYSC.
The member fails to give proof on an annual basis that the
member's boat is adequately covered by liability insurance.
The member fails to remit within thirty (30) days after notice, the
annual licensing fee in the amount determined by the Board of Directors of BYSC.
The member fails to execute a copy of this Mooring License within
thirty (30) days after being notified by BYSC that the mooring location has been assigned to the member.
The mooring license granted herein is not transferable or assignable by
the member, and BYSC shall have the sole authority to reassign the mooring location number assigned herein to the next member in good standing on the waiting list.
If a member vacates the mooring for an extended period
of time, BYSC shall have the sole authority to suspend the license agreement and reassign the mooring on a temporary basis. The licensee will be notified in advance of any such action contemplated by BYSC.
The member shall not ‘live aboard’ the vessel assigned to
the mooring as described below nor shall the member grant or allow any other person(s) to live aboard the described vessel.
The Mooring Committee reserves the right to reject
applications or revoke Mooring Licenses at any time during the period of the contract for any reason it deems such action is in the best interest of the BYSC.
The Mooring Committee may require the member to vacate the mooring or
docks for any reason, including, but not limited to:
The boat not being in operating condition or maintained in
good physical condition.
an approaching named storm.
needed maintenance of the ground tackle.
non-payment of dues or fees.
BYSC reserves the sole right from time to time and at any
time to amend the terms of the License granted herein, which shall be effective only if in writing and signed by the appropriate officer of BYSC. Posting on the BYSC Bulletin Board and emailed to mooring boat owners shall constitute due notice of such amendments.
atically be extended from year to year on the anniversary hereof, on the
.
other than the member’s dinghy, will occupy the mooring except as ion #8 above.
wishes to store a dinghy on club property, the storage will be in ent boat and trailer storage policy and rate structure i.e. an 8’ pram
on a rack, while motorboats on trailers must be stored in allotted spaces. cribing below agrees to abide by the terms and conditions set forth
Annual fee schedule for 2015 Shallow near shore moorings $1200 All other moorings $1440
nd seals this ____ day of ________________December 20____,14 at Beaufort, & SAILING CLUB
________________________ BYSC
____________________________Member
Provided the member shall be in compliance with the terms and conditions
of the Mooring License, it shall automatically be extended from year to year on the anniversary hereof, on the same terms, as amended.
No other vessel, other than the member’s dingy, will occupy the mooring
except as described under condition J and K above.
If the license holder wishes to store a dingy on club property, the storage
will be in accordance with the current boat and trailer storage policy and rate structure i.e. an 8’ pram dingy may be stored on a rack, while motorboats on trailers must be stored in allotted spaces.
The maximum length for use of the mooring shall not exceed 50 feet
based on the boat model but including any tender or structure protruding past the transom, and shall weigh no greater than 40,000 pounds.
The member by subscribing below agrees to abide by the terms and
conditions set forth herein.
Annual fee Schedule
Shallow near shore moorings $1,200
All other moorings $1,440
9. BOATS, TRAILERS AND PARKING ASSIGNMENTS
BOAT AND TRAILER PARKING AGREEMENT
Please complete and return to the club
The BYSC boat parking facilities are for BYSC members only. Parking of boats, trailers, or equipment is solely at the member’s risk. BYSC is not responsible for any damages to boats, trailers, or equipment. Boat owners are required to maintain their own liability insurance on boats and trailers.
All boats (power, sail, paddle, and other) must have a visible BYSC sticker. BYSC will issue stickers that will be placed on the stern of the boat and on the tongue of the trailer.
Unless there is an emergency, only BYSC staff, or designee, has permission to move boats.
Boats must be maintained and in usable condition.
All trailers must be in usable condition with a functioning 3rd wheel.
Trailer tongues can only be locked in the open position (if locked at all).
BYSC will assign parking spaces and boats/trailers can only park in designated spots. Designated markings will mark where the tongue of the trailer will be positioned. Parking spaces are non-transferable.
If someone is parked in your space, or if you are bringing your boat to the club for the first time, please park by the swimming pool until we can resolve the issue.
Parking spots will be retained from year to year as long as the terms of this agreement are observed.
Once all spots are filled, a waiting list for each parking space (by size/type) will be started. When spots become available, they will be filled from the waiting list.
Small sailing vessels such as Optimist, Sunfish, paddle boards, crew boats and kayaks must be stored on racks. If rack space is not available, these vessels may be stored on dollies or trailers.
When a boat is in the water, the owner will park the car/trailer/dolly in a location that does not interfere with other boater's access.
Concerns regarding parking and storage will be addressed by the General Manager.
The Owner shall pay the storage fees as follows:
Boat and Trailer Parking Space
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Trees
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No Trees
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Pull Thru
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Rack and Dolly Spaces
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Fee
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Boats and trailers up to 17’
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$300
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$350
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$400
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Boat storage on rack
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$125
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Boats and trailers 17’- 20’
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$350
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$400
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$450
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Boat on dolly in yard
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$125
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Boats and trailers 21’ +
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$400
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$450
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$500
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Crew/sculling boat
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$150
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Trailer only in field parking (limited)
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$125
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This agreement shall be on an annual basis from Jan 1 to Dec 31. Rates are not prorated.
The Club may terminate this agreement upon fifteen (15) days notice to the Owner if the Owner fails to pay the fee by March 31st. As an alternative, an Owner may make payments through our automatic payment plan (ACH).
The Owner shall indemnify the Club against all claims, actions, proceedings, damages and liabilities, including attorney's fees, arising from or connected with the Owner's possession and use of the storage space.
This Agreement applies to the following boats and/ or trailers: OFFICE USE
Boat and/or Trailer Model
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State Registration Number
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Hull # if not registered with the state
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Length
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Fee
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Space #
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Decal #
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This rental agreement is between the Beaufort Yacht & Sailing Club, Inc., of Beaufort, South Carolina, hereinafter referred to as the "Club," and _____________________________ hereinafter referred to as the "Owner." The Club hereby leases to the Owner, and the Owner hereby leases from the Club that certain parking space or boat rack located in the boat storage area of the Club property.
10. CLUB BOAT USE POLICY
BYSC maintains a fleet of boats, paddle, sail, and motor powered, to encourage recreational boating and competitive sailing, making it possible for those members without their own boats to participate in boating activities.
General Club Boat Policies
To use a club boat, a member must demonstrate proficiency and be on the approved list which is maintained by the management of the club.
When the demand for club boats exceeds the supply, those who have
consistently used club boats for a year or more will go to the bottom of the reservation list and remain there in order to give others a chance to use club boats. Serious boaters are expected to eventually provide their own boats for recreational and competitive use.
Members shall be present on the property at all times that their guests are
present on club grounds or using club equipment.
An appropriate personal flotation device must be aboard at all times. Close
toed shoes must be worn.
Boats may be used only between sunrise and sunset.
Except for regattas, boats may be used only between the Woods and
McTeer bridges.
Members using club boats may not in any way personalize the boats with
stickers or marks.
Members may not take boats on the water alone. There must be at least
two on board or at least two boats on the water.
Members must sign in the log book when they use or return boats, even if
reserved.
Members are responsible for any damage to the boats while in their
possession. Should a boat be damaged the member responsible will immediately report the damage to the club manager and make arrangements for repair within one week by a professional service designated by the club manager. If damage is not reported to the club manager, any repairs will be charged to the member who may not use a club boat again until the bill is paid.
Normal wear and tear is not considered damage. The difference will be
determined by the club manager.
Members should inspect boats prior to using the boats to identify any
obvious damage. Members shall note any such damage in the log book prior to using the boats, otherwise they may be held accountable for the damage.
Members shall rinse all equipment used prior to putting the equipment
away. Boats with boat covers shall be stored in their covers.
Any member who does not follow this boat use policy will receive a written
reprimand. A second violation will result in the loss of boat privileges for four weeks. A third violation will result in loss of boat use privileges until such time as determined by the Commodore.
Club Power Boat Policies
In addition to the General Boat Policies listed above, the following Policies will be observed for club power boats.
Club power boats are to be used only by staff, Race Committee, mooring
field operations, and other club authorized use.
Mooring tender boats are subject to the mooring lease contract.
Club Sailboat Policies
In addition to the General Boat Policies listed above, the following Policies will be observed for club sailboats.
Members wishing to use a club sailboat for a regatta or club series must
contact the club manager to reserve the boat, which will be available on a first come first served basis. Reservations may be made up to one month in advance, but may not include multiple reservations, i.e. a member may only reserve for one regatta or series at a time.
Members may reserve a boat for a regatta or an entire club series from one week to one month out from the date of the event. Members who use a boat for a regatta or series will be at the bottom of the reservation list for the next regatta or series.
BYSC is under no obligation to insure that a particular boat will be race
ready by the time of the reservation. It is the member’s responsibility to make sure that the boat is ready.
Members should keep boat sets together i.e. use boat #1 with rudder #1,
etc.
Members who are qualified (are active in club racing) may take club boats
to out of town regattas on a first come first served basis. There will be no standing reservations. Responsibility for damages, log book sign in, etc., as above will apply.
Members taking boats to out of town regattas may load them on trailers or
other vehicles no earlier than the afternoon before the regatta. The club manager shall be notified of when the boats are to be loaded. Boats shall be properly put away no later than the day after the regatta. Exceptions for special circumstances may be cleared ahead of time by the club manager.
Club boats may leave the club only in order to attend a regatta at another
Yacht Club or Organizing Authority, not for recreational purposes or for private lessons away from BYSC.
Use of a club trailer for out of town regattas will be on a first come first
serve basis. Sailors and their families are expected to coordinate with the club manager regarding the use of this trailer for out of town regattas.
11. TENNIS
A. Players must wear proper tennis attire, to include tennis shoes and shirts,
when on court.
When people are waiting, limit play to two sets.
Each member must register at the courts with their guests and must accompany guests at all times. Guests’ fees are $3. Fees will be billed to member.
No member shall bring the same guest to the club more than 3 times per month regardless of the facility used at the club. Exceptions may be made for visiting family members of members, such as parents, children or grandchildren who may visit the club no more than 12 times per year.
Hang up rollers and brooms after use.
An approved instructor is one that has applied to the tennis committee chairman, has been approved and briefed by the tennis committee chairman or club manager on rules, policies, & fee requirements.
The instructor must provide an indemnity agreement for themselves and any non-members playing at the club.
12. FACILITIES USE
A. Clubhouse Rental
Rentals shall not take place when significant BYSC activities are
scheduled.
Clubhouse can be rented for private exclusive events Monday-
Sunday (daytime or evening) by members and non-members except on Fridays after 2pm. Amplified music must be kept at a low volume.
Saturday and Sunday rentals will be allowed no more than once a
month from April 1 to October 31 and only if BYSC activities do not conflict. Bands and DJ’s are allowed with restrictions.
Rental arrangements must be made 14 days in advance for
weekday rentals and 30 days in advance for weekend rentals to allow members adequate notice of when the Clubhouse will not be available.
All bookings will be a first-come, first-served basis with BYSC
staff. A BYSC rental contract must be completed, signed, and paid per the contract.
A member must be current in the payment of dues,
assessments, and other indebtedness to BYSC before renting the Clubhouse.
Member rates are applicable only when the rental is specifically
for a BYSC member or their immediate family. Immediate family is defined as “member and spouse, their children, grandchildren and grandparents”. The member shall attend these events. No extended family, organizations, businesses, clubs, dance groups, non-profits, etc, will be allowed the member rates.
B. BYSC Member Clubhouse and Property Casual Use Policy
No one party, event, or member is allowed to have more than 16 adult guests. The presence of 2 members does not double this number allowed. Any larger gathering must be treated as a rental.
Please be prepared to share the clubhouse and property with other members and guests. Although we hope members will be sensitive to each other’s events, any attempt to “take over” an entire area will not be allowed.
(3) Amplified music must be kept at a low volume.
Civic organizations, business meetings, etc, hosted by a BYSC
member will be considered a non-member event rental, with applicable fees and a rental contract.
You must clean up after your event. This includes taking the
trash out, cleaning the kitchen and/or grill, and putting furniture back in its proper place. If food or drink has been dropped or spilled, please clean it up. Failure to do so may result in a cleaning fee, as well as forfeiture of the member’s Clubhouse privileges.
A member must be present during all casual use functions.
Clubhouse access cards are available free to our members.
Please see a staff person for more info.
13. DONATION POLICY
A. All potential donations are to be presented in writing to the Board of Directors
for approval.
The donation may be funds, material or bequests. If plants or trees are donated, BYSC cannot be responsible for their continued health.
The donations can be presented toward a specific capital project, general
capital projects, or a specific need to the Club as approved by the Board.
D. Donations shall not be used for operating funds.
E. The plan for recognition of donation is as follows:
(1) Announcement of the donation in the Bow Watch.
(2) Listing on a plaque to be displayed in a prominent place in the
clubhouse.
(3) The listing will be under the following categories:
Gold Level Donation over $10,000
Silver Level Donation between $5,000 and $10,000
Bronze Level Donation between $1,000 and $5,000
F. Anonymous contributions, or those requesting no recognition, will be
gratefully accepted and the donor’s wishes will be respected.
Previous donations at the above levels will be recognized. Please send
details to the Commodore so that appropriate recognition may be made.
Donations to the Beaufort Yacht & Sailing Club are not tax deductible.
CLUB POLICY REVISION: COMMENT:
7.11.17 Board approved complete review with revisions.
CONSTITUTION
BEAUFORT YACHT & SAILING CLUB, INC.
ARTICLE ONE: Said Corporation is organized for the purposes of promoting sailing, boating, tennis and swimming and other activities supported by the Club, providing and maintaining facilities for these sports, and encouraging sportsmanship.
ARTICLE TWO: The name of said Corporation shall be Beaufort Yacht & Sailing Club, Inc. and its location shall be on Lady's Island, Beaufort County, South Carolina.
ARTICLE THREE: The Corporation is a corporation established under South Carolina law.
ARTICLE FOUR: The Officers of the Corporation shall be a Chairman of the Board, a Commodore, a Vice Commodore, a Secretary, and a Treasurer. The said Officers shall perform such additional duties as shall from time to time be assigned by the Board of Directors.
ARTICLE FIVE:
The principal duties of the Chairman of the Board shall be to preside at all meetings of the Board of Directors, and to have general supervision of the affairs of the Corporation.
The principal duties of the Commodore shall be to discharge the duties of the Chairman of the Board in the event of his/her absence or disability, to be responsible for the day to day operations of the Club and such other duties as shall be delegated by the Chairman of the Board.
The principal duties of the Vice Commodore shall include responsibility for the social aspects of the club and such other duties as shall be delegated by the Commodore.
The principal duties of the Secretary shall be to countersign all deeds, leases and conveyances executed by the Corporation, to affix the seal of the Corporation thereto, and to such other papers as shall be required or directed to be sealed and to keep a record of the proceedings of the Board of Directors, and to assure the safe and systematic keeping of all books, papers, records and documents belonging to the Corporation pertaining to the business thereof.
The principal duties of the Treasurer shall be to keep and account for all monies, credits and property of any and every nature of the Corporation that shall come into its hands, to keep an accurate account of all monies disbursed, and to render such accounts, statements and inventories of monies received and disbursed, and of money and property on hand, and generally of all matters pertaining to this Office, as shall be regularly required by the Board of Directors.
The Offices of Secretary and Treasurer may be held by the same person.
ARTICLE SIX: The Board of Directors shall be stockholding members. They may provide for the appointment of such additional Officers as they may deem in the best interest of the Corporation.
ARTICLE SEVEN: The capital stock of the Corporation shall be $175,000, consisting of 1,750 shares of common stock at a par value of $100 per share.
ARTICLE EIGHT: These articles may be amended by resolution in writing, setting forth the proposed amendments to be adopted, by a majority vote of all of the stockholders of the said Corporation at a duly called meeting of the stockholders. A copy of the proposed amendment resolution shall be included in the notice for such meeting.
Amended 10.27.16
BYLAWS OF THE BEAUFORT YACHT & SAILING CLUB, INC.
ARTICLE I
MEMBERSHIP
Section 1: Definitions:
Member in good standing: A member shall be defined as a person, or persons in the case of a member
spouse, who has been accepted for membership in any of the membership classifications established by the Club and is current in payment of dues, fees and other club indebtedness.
Stockholding Members: A member who owns at least five shares of stock in the Club. Only
Stockholding Members have the right to vote, hold elected office or sponsor new member applicants. Only one spouse may be a Stockholding Member for voting purposes.
Non-Stockholding Member: A member who does not own stock in the Beaufort Yacht & Sailing Club. All prospective members of the club shall apply for the Non-Stockholding Membership.
Section 2: Communication Methods: Reference to the words “mail” or “mailing” refers to the following acceptable
means of communication to or from the Beaufort Yacht & Sailing Club and/or its Board of Directors:
First-class mail.
Electronic communication, including e-mail, fax or any other means permitted by law.
Section 3.
The membership of the Club shall consist of such membership types and numbers as the Board of Directors shall establish.
Section 4.
Members may purchase stock only from the Club. No membership shall be entitled to purchase more than five (5) shares of stock.
Section 5.
A Stockholding Member desiring to sell his/her stock in the Club must submit in writing to the Secretary of the Club the intent to sell the stock back to the Club. The Club will repurchase the stock within 60 days at the same price as the stock was purchased.
Section 6.
Should any Stockholding Member fail to pay dues for any reason for two consecutive years, the Club shall have the option to purchase the stock of the said Stockholding Member at the same price as the stock was purchased.
ARTICLE II
MEETINGS OF MEMBERS
Section 1:
The Club shall hold members’ meetings in the fall and in the spring with the following dates and agendas:
FALL MEMBERS’ MEETING is to be held the last Thursday in October with the primary purposes being to:
Elect new members to the Board of Directors.
Provide a financial review of the club’s yearly operations to date and projected to the end of the year.
Discuss and vote on current issues requiring a vote of the Stockholding Members.
Address other items at the discretion of the Board or the Chairman.
SPRING MEMBERS’ MEETING is to be held the last Thursday in February with the primary purposes being to:
Provide a final financial review of the clubs previous year’s operations.
Discuss and vote on current issues requiring a vote of the Stockholding Members.
Address other items at the discretion of the Board or the Chairman.
Notice of the Fall and Spring Meetings shall be sent to each member at least 10 days in advance of each meeting and shall include financial statements and voting issues to be addressed at the meeting.
Section 2:
Twenty-five percent of the Stockholding Members shall constitute a quorum for the transaction of any and all business, except amending the Constitution (Article Eight) and Bylaws (Article VII).
Section 3:
Stockholding Members shall be permitted to vote by written and signed proxy at any meeting of the members.
Section 4:
Twenty Stockholding Members may call a special meeting of the Club by posting an announcement of the meeting over their own signatures on the Bulletin Board at the Clubhouse or on the Club website and by mailing a notice to all members. Special meetings of the Club may be called by the Board of Directors or by the Chairman. Ten days notice of all meetings shall be given to the members of the Club. Notices of all special meetings of the Club shall state the purpose for which such special meeting is called, and at special meetings of the Club no business shall be transacted except what has been included in the notice of call for such meetings.
ARTICLE III
THE BOARD OF DIRECTORS
Section 1:
The Board of Directors shall consist of 12 members, each of whom shall be elected for a term of three
years unless they are completing the term of a Director.
Directors must be Stockholding Members.
Each year four members of the Board of Directors shall be elected at the Fall Members’ Meeting to replace the four who have completed their terms. Board members may be re-elected.
The Board of Directors shall propose a slate of nominations for Directors at the Fall Members’ Meeting but nominations may also be proposed by any Stockholding Member prior to, or at, the Fall Members’ Meeting.
Terms of the members of the Board of Directors shall begin upon their election at the Fall Members’ Meeting and end after their three year term expires and/or they are no longer on the Board.
The Officers of the Club shall be elected by the new Board of Directors in a Special Executive Session Board Meeting held on a date between the Fall Members’ Meeting and the end of the November Board Meeting.
The Officers of the Club who are not Directors shall be ex-officio members of the Board with full Director’s responsibility but without voting authority, except for an ex-officio Chairman who will be entitled to vote to break a tie.
Only one spouse may be a Stockholding Member for voting purposes.
Section 2:
Meetings of the Board of Directors may be called at any time by the Chairman or seven members of the Board upon 24 hours’ notice to all members in good standing and such meetings may be held at the Clubhouse or at such place as may be determined by the Directors.
Section 3:
At a duly called meeting, seven or more members of the Board of Directors present shall constitute a quorum to transact business. Directors may vote by proxy by providing such proxy is in writing to another Director.
Section 4. The Treasurer, as directed by the Board, shall provide for the continued existence of three accounts: Operating, Capital and Reserve. The Operating Account shall be used for normal business income and expense. The Capital Account shall be funded by initiation fees and other such cash inflows as directed by the Board. This Capital Account is to be used for funding capital projects or one-of-a-kind off-budget projects. The Reserve Account is to be funded by the Board at its discretion with the intent of this account to provide a source of funds in case of emergencies and to purchase and sell club stock.
Section 5: In addition to all powers conferred by law, the Articles of Incorporation and the Constitution, the Board of Directors shall have power:
To elect all Officers and to appoint such committees as it shall deem necessary for the proper administration of the affairs of the Club, and to fix the duration and powers of such committees. The following committees shall be formed as a minimum:
Finance
Racing
Social
Building and Grounds
Membership
Nominating
b. To approve stockholding membership.
c. To fix the amount and times of payment of initiation fees and dues and assessments for the various classes of members, and as it shall deem expedient or necessary, to alter the amounts and the time or times of payments.
To levy assessments upon the members of the Club. Assessments may be levied by the affirmative vote of at least eight members of the Board of Directors. Any assessment charge to a member is limited to once per calendar year and shall not exceed 15 percent of the current member annual dues.
To terminate the membership of any Club member for non-payment of dues, assessments or any other indebtedness, or for any misconduct. The Board of Directors shall judge what constitutes misconduct.
f. To fill any vacancy that may occur in any office or among the Directors.
g. To admit guests to the Club under such regulations as may be provided.
h. To appoint and dismiss all employees.
i. To fix and remit penalties for the violation of the Bylaws or policies.
j. To call special meetings for the purpose of considering specific subjects.
k. To have charge of all property, effects and assets of the Club.
l. To impose such rules regarding the use of the Clubhouse and sports facilities of the Club by members and
guests as the Board may from time to time deem advisable, consistent with the Bylaws.
m. To do everything necessary or advisable in the opinion of the Board, and not clearly inconsistent with the
Bylaws, in connection with the control of the property, funds and affairs of the Club.
Section 6:
The Board of Directors, by a vote of eight members of the Board, is given the authority to:
Incur total indebtedness up to a maximum of 50 percent of the previous three years’ average annual revenue. Any additional increases must be approved by a majority vote of the Stockholding Members.
b. Issue notes, mortgages and bills of sale in the name of the Corporation.
c. Designate the proper Officials(s) of the Club to execute the said notes, mortgages and bills of sale
consistent with the Constitution and Bylaws.
Section 7:
The Board of Directors, by a vote of seven members of the Board, may enter into any contract for, and on behalf of, the Club, which may be deemed essential and necessary to the operations of the Club.
Section 8:
It is required that each member of the Board of Directors attend at least seven Board meetings during any 12 month
period. Any Board Member not complying may be dismissed and the Board may appoint a replacement for the
remainder of the dismissed member’s term.
ARTICLE IV
STEERING COMMITTEE
There shall be a Steering Committee comprised of all Past BYSC Commodores in good standing for the purpose of providing non-binding oversight and advice to the Board and assisting the Board in analyzing subjects requiring detailed study. The Committee is to meet no less than one time per year with additional meetings as necessary. The immediate Past Commodore shall call the initial meeting for the year where the first order of business is to elect a Chairman from the Committee who has the responsibility of organizing and conducting the meetings for the year.
ARTICLE V
FISCAL YEAR
The fiscal year of the Club shall end on December 31st. The Chairman or Treasurer shall provide for an independent review of the financial records of the Corporation by a person who is neither an officer nor a member of the Board of Directors. A written report of the review shall be included in the notice of the Spring Members’ Meeting and presented at that meeting.
ARTICLE VI
CONSTRUCTION OF BY-LAWS
Upon all questions of construction of these Bylaws, the decision of the Board of Directors shall rule.
ARTICLE VII
AMENDMENT TO BY-LAWS
These Bylaws may be amended, at any member meeting or at any special meeting duly called for that purpose, by a majority of the Stockholding Members.
Amended 10.27.16
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