LAS VEGAS CORVETTES ASSOCIATION
BY LAWS
(Revised 11/08/18)

ARTICLE 1. NAME AND PRINCIPLE OFFICE

SECTION 1. The name of this Association shall be the LAS VEGAS CORVETTES ASSOCIATION (LVCA).

SECTION 2. The principal office of the LVCA shall be located at Las Vegas, Clark County, Nevada.

SECTION 3. Official Logo. The logo of the Las Vegas Corvettes Association is a facsimile of a roulette wheel with the ball on the number three. Crossed flags one a checkered racing type flag, the other the General Motors' Corvette flag that are in a furl configuration, checkered flag on the right side and Corvette flag on the left side of the roulette wheel. See Addendum “A” attached hereto and incorporated by this reference.

SECTION 4. Nickname. The nickname of LVCA is “Vegas Vettes”.

ARTICLE 2. MEMBERS

SECTION 1.(a) Qualification for Membership. The membership of this Association shall consist of any person (regardless of race, creed, or sex) who has paid the annual dues as set by the Executive Board of this Association. No person may hold more than one certificate of membership, irrespective of the amount of the contribution. Each member shall be entitled to one vote at all meetings of the membership.

SECTION 1.(b) In order to ensure that membership in the Las Vegas Corvettes Association meets the expectations of the prospective member, they shall be required to attend three (3) Association events one of them being a general membership meeting. Upon completion of this requirement, the prospective member and spouse, if applicable, shall be entitled to apply for membership in the Association or abstain from accepting hospitality as defined in Article 2, Section 9.(a).

SECTION 2.(a) Must have reached his/her 21st birthday prior to submission of membership application. Verification of age in the form of a valid driver’s license may be required by the Membership Chairperson, and

SECTION 2.(b) Must be a documented owner of a Corvette or the registered lessee (with a minimum of six months remaining on the lease) of a Corvette.

SECTION 2.(c) Must be the spouse of a person who is a documented owner of a Corvette or the spouse of a person who is a registered lessee (with a minimum of six months remaining on the lease) of a Corvette.

SECTION 2.(d) Prior to acceptance of the membership application, any prospective new member will submit to the Membership Chairman a copy of a valid registration, title, lease or other evidence of rights of ownership of a Corvette.

SECTION 3. Non-assign ability. Membership shall not be assignable nor shall any member be permitted to give a proxy to anyone else to vote his/her certificate.

SECTION 4. Termination of Membership. Any member failing to pay his or her annual dues shall cease to be a member effective January 1st. Any member, at the date of his or her death, shall cease to be a member and such member's certificate, if any, shall not be transferred to his or her personal representative or heirs but, upon such death, shall cease to exist.

SECTION 5. Voting Rights. Each member shall be entitled to one vote on each matter submitted to membership.

SECTION 6. Membership Cards. Membership cards reflecting the name of the member, the year of membership, and signature of the President will be issued to all new members. The Membership Chairperson will issue a membership card to any member in good standing upon request.

SECTION 7. Mossyback. Mossyback is defined as any member with a minimum of ten (10) years active membership in the Las Vegas Corvettes Association. Upon completion of said members' tenth anniversary, he/she may make application for membership. All "Mossyback" activities shall be conducted within the framework of the Las Vegas Corvettes Association.

SECTION 8. Guest(s)

SECTION 8.(a) Guest(s) are considered non members and do not hold a Certificate of Membership as defined in Article 2, Section 1(a), and person(s) to whom hospitality at a general membership meeting or intra association event has been extended.

SECTION 8.(b) Prospective member(s) and guest(s) are excluded from participation in any activity in which monies, gratuities, prizes, or gifts are offered in exchange for cash or in kind donations at the monthly Las Vegas Corvettes Association general membership meeting. This limitation shall not apply to trophies, plaques or monies that are earned or awarded to prospective member(s) or guest(s) as a result of participating in Las Vegas Corvettes Association events.

ARTICLE 3. RIGHTS AND RESPONSIBILITIES OF MEMBERS

SECTION 1. Rights. Upon payment of annual dues, each member shall have an equal interest in and rights to the Association including the right to participate in all events associated with Las Vegas Corvettes Association and no member can have or acquire a greater interest therein than any other member.

SECTION 2. Attendance. A member may attend any general membership meeting. A member may attend any Executive Board meeting or affiliated committee meeting with prior notification to the President or presiding officer or chairman. Any member has the right to voice opinions and vote on issues addressed at any general membership meeting only.

SECTION 3. Conduct. All members must adhere to the Code of Conduct.

SECTION 4. Store. Any item, other than "event promotional products", with the official logo of LVCA will be made available for purchase by LVCA and may be obtained by members only. Items incorporating the official logo or ”Vegas Vettes”, can only be available through the Association Store. Any items incorporating the official logo or “Vegas Vettes" will be made available for purchase to members only. Exceptions will be with approval of the Executive Board.

SECTION 5. Sanctioned Events.

SECTION 5.(a) LVCA Sanctioned Events. Any involvement of the Association in an event or activity must be sanctioned by the Executive Board. Any member may submit application for Association sanction of an event or activity. All such applications shall be submitted to the Events Coordinator and Executive Board.

SECTION 5.(b) NCCC Sanctioned Events. An NCCC sanctioned event is one approved or recognized by NCCC where competitive points may be awarded.

ARTICLE 4. MEETING OF MEMBERS

SECTION 1. Regular Meetings. Regular business meetings of the Association shall be held monthly, time and location to be determined by the Executive Board and approved by the general membership.

SECTION 2. Special Meetings. Special meetings of the members may be called either by the President, the Executive Board, or not less than 33 1/3 of the members having voting rights as proven by a signed petition.

SECTION 3. Place of Meeting. The Executive Board may designate any place (with the approval of the general membership) as a place of meeting for all regular or special meetings called by the President or the Executive Board. In the event a special meeting is called by the membership, the meeting place will be large enough to accommodate 75 percent (75%) of the members.

SECTION 4. Notice of Meetings Requiring a Vote. Notification stating the place, day, and time of any meeting requiring the vote of membership shall be delivered to each member entitled to vote at such meeting via email, through publication on the Association's web site, or by publication in the Association's newsletter. Such notification shall not be less than five (5) days from the date of the meeting. In the case of a special meeting, or when required by statute, or by these By-Laws, the purpose for which the meeting is called shall be included in the notice of said special meeting.

SECTION 5. Quorum. A quorum to conduct business shall consist of twenty percent (20%) of the paid Association members on that date.

ARTICLE 5. OFFICERS

SECTION 1. Officers of the Association shall include the President, Vice President, Secretary, Treasurer, Directors and any other such officers as may be deemed necessary by the Executive Board. No person shall hold more than one (1) elected office.

SECTION 2. Qualification of Officers. An officer must be a paid member with no less than six months membership in Las Vegas Corvettes Association prior to taking office.

SECTION 3. Election of Officers. The officers of the Association shall be elected annually by the membership. Vacancies may be filled or new offices created and filled at any meeting of the membership. Each officer shall hold office until his/her successor has been duly elected and has qualified.

SECTION 4. Term of Office. For each office, the term of office shall be for the calendar year, that is, January 1st until December 31st.

SECTION 5. Vacancies. A vacancy of any office because of death, resignation, removal, disqualification or otherwise, may be filled by a vote of the membership at the next general meeting following the vacancy for the un-expired portion of the term. During the meeting to fill a vacancy the President or presiding elected officer will take nominations from the floor. If only one nomination is received, then a show of hands vote shall be taken and and the result be recorded in the LVCA meeting minutes. If more than one candidate is nominated, then each candidate shall have the opportunity to address the membership during the meeting. Blank ballots should be used for voting. Each voting member in attendance shall write the name of one of the candidates on the blank ballot. Votes shall be tallied in accordance with LVCA By-laws and the winner announced during the meeting. The result shall be recorded in the LVCA meeting minutes.

SECTION 6. Installation of Officers. Installation of officers shall be made at the December general meeting immediately prior to adjournment. The transfer of all papers and club properties from the outgoing officers to the incoming officers must be completed before the January Executive Board meeting.

SECTION 7. Removal. Any officer or agent elected or appointed by the membership may be removed by the membership whenever it would be served thereby, but such removal shall be without prejudice to the contact rights, if any, of the person so removed.

SECTION 8. Compensation. Officers as such shall not receive any stated salaries for their services.

ARTICLE 6. ELECTION OF OFFICERS

SECTION 1. Nomination of Officers. The Nomination Committee will present to the E Board during the November E Board Meeting those individuals who would like to run for office. The Nomination Committee Chairperson will present those individuals to the General Membership during the November meeting. Nominations may still be taken from the floor during the same meeting.

SECTION 2. General Election. General election will be held at the December general membership meeting.

SECTION 3. Qualifications of Members to Vote or be a Candidate for Office. To participate as a voter or be a candidate at the general election, a member must have paid dues in full for the following year's dues by December 1st.

SECTION 4. General Election Ballots. Tallying of the ballots shall be performed by a committee made up of three (3) members of the Association. This committee will be appointed by the President at the December general meeting. None of the committee members can be a candidate for any office at this election. The results of this election will be submitted to the President at the December general meeting and the results announced at that meeting. The candidate receiving the majority of the votes cast is the elected officer. Ballots will be retained until the January general meeting in case of a recount. If no candidate has contested the number of ballots or office in question, the election results will be considered final at the January general meeting. In case of a tie vote for a particular office, the Executive Board will call for a special election for that office. This election will take place at the January general meeting.

SECTION 5. General Election Absentee Ballots. Absentee ballots will be made available to members unable to vote at the specified date of the election. These ballots can be obtained from the Association Secretary in a sealed envelope prior to the election. All sealed absentee ballots will be returned to the Association Secretary prior to the election and will be opened and counted by the ballot committee during the general election at the December general membership meeting.

ARTICLE 7. CAMPAIGNING

SECTION 1. Campaigning. No member may campaign until he or she is nominated as a candidate and has accepted the nomination. Any campaign irregularities and/or disputes shall be decided by the Executive Board chaired by the Association President or his/her appointee which shall be an Association officer.

SECTION 2. Contesting. A campaign can only be contested by another candidate running for that office. All candidates must follow the Code of Conduct.

ARTICLE 8. EXECUTIVE BOARD AND POWERS

SECTION 1. Executive Board. The affairs, business, and property of the Association shall be the responsibility of the Executive Board, except for those duties conferred on the officers by law, the Articles of Association, and the Association By-Laws. The Executive Board shall make decisions on Association matters where expediency is deemed necessary. The Executive Board may employ any other organized syndicate or trust firm, or any individual, or any group, or combination thereof, to serve, assist, advise, or inform it, and may confer thereon such powers and authority as it may deem advisable, and make or contract to make payments, fees and/or other remuneration for services rendered as the Executive Board may deem desirable. The Executive Board may appoint chairmen of Association committees and approve payment of all outstanding Association debts upon submittal of valid receipts. A quorum for the transaction of Association business at an Executive Board meeting shall consist of a minimum of four (4) elected officers and a minimum of 8 voting Executive Board Officers (refer to Article 8, Section 2). The Executive Board may accept gifts on behalf of the Association, any contributions, gifts, bequest or devise for the general purposes or for any special purpose of the Association. Further, the Executive Board is authorized to undertake such fund raising activities as may be appropriate and authorized under the Articles of Association in order to generate such contributions, gifts, bequests, and devise.

SECTION 2. Executive Board Members.

SECTION 2.(a) Elected Executive Board Officers shall consist of the President, Vice President, Secretary, Treasurer, and two of the three Directors. The third Director shall be the out-going, elected President. All said Elected Executive Board Officers shall have one (1) vote each.

SECTION 2.(b) The Appointed Executive Board Officers shall consist of the Events Coordinator, Membership Chairperson, Publicity Chairperson, Newsvetter Editor, NCCC Governor and Webmaster. These Appointed Executive Board Officers shall be appointed by the incoming/continuing President, and must be approved by the Elected Executive Board Officers and a majority vote of the members present at the next general meeting. These Appointed Executive Board Officers shall have one (1) vote each.

SECTION 2.(c) Appointed Executive Board Members (non-voting) shall be appointed by the incoming/continuing President. These appointments are typically chairpersons of standing committees, but are not limited to such positions. These Appointed Executive Board Members serve at the pleasure of the President, are invited to attend E-Board Meetings, but have no voting privileges at such meetings.

SECTION 3. Tie Vote by the Executive Board. In the event of a tie vote by the Executive Board, the motion before the Board shall be deemed defeated.

ARTICLE 9. DUTIES OF OFFICERS AND STAFF

SECTION 1. President. The President shall be the principal executive officer of the Association and shall in general supervise all of the business and affairs of the Association. The President shall, at the end of his/her term, upon removal or resignation from office, surrender all papers and other club properties to the Executive Board.

SECTION 2. Vice President. The Vice President shall assume the duties of the President in the President's absence and/or when called upon to do so by the President or the Executive Board. The Vice President is responsible for but not limited to overseeing the following: committees, events, and special assignments. In addition, the Vice President shall keep roll at the general meetings and attendance records of the events. The Vice President shall, at the end of his/her term, upon removal or resignation from office, surrender all papers and other Association properties to the Executive Board.

SECTION 3. Secretary. The Secretary shall keep minutes of general meeting, special meetings and the Executive Board meetings and have the minutes available for review within fifteen (15) days of the meeting; see that all notices are given in accordance with the provisions of these By-Laws or as required by law; maintain custody of the Association's legal records including By-Laws, Standing Rules, Code of Conduct and incorporation documents; and be responsible for maintaining all Executive Board correspondence. The Secretary shall, at the end of his/her term, upon removal or resignation from office, surrender all papers and other Association properties to the Executive Board.

SECTION 3.(a) The Secretary shall provide an electronic version of the By-Laws, Standing Rules and Code of Conduct to the Association’s Webmaster for posting for access by members only.

SECTION 4. Treasurer. The Treasurer shall collect all dues and other monies received and expended; shall remit all accounts payable as they are authorized by the membership or by the Executive Board; shall maintain a checking account(s) in the name of Las Vegas Corvettes Association. Such checking account(s) will require dual signatures. The Treasurer will furnish a profit and loss statement with budget comparison year-to-date and a balance sheet to the membership at each monthly general membership meeting. The Treasurer shall, at the end of his/her term, upon removal or resignation from office, surrender all papers and other Association properties to the Executive Board.

SECTION 5. Membership Chairperson. The duties of the Membership Chairperson shall include contacting prospective new members; accepting proof of Corvette ownership as defined by LVCA By-Laws; accepting payment for the first year's membership dues and initiation fees, and issuing receipts for monies collected. The Membership Chairperson shall submit to the LVCA Treasurer all remittance of dues and initiation fees. The Membership Chairperson shall mail all dues renewal notices at least 45 days in advance of payment due date. The Membership Chairman shall, at the end of his/her term, upon removal or resignation from office, surrender all papers and other club property to the Executive Board.

SECTION 6. NCCC Governor. The NCCC Governor represents LVCA to the National Council of Corvette Clubs. The Governor must be a member of LVCA and serve a term of one (1) year; his/her term of office shall commence on the first day of January following his/her selection. A Governor may serve more than one term in office. After being notified of an event by a committee chairperson, the Governor is responsible to see that all activities are covered by NCCC insurance, NCCC dues are paid, and to give a report of NCCC activities as necessary. The NCCC Governor shall, at the end of his/her term, upon removal or resignation from office, surrender all papers and other club property to the Executive Board.

SECTION 7. Editor of Newsvetter. The Editor of the Newsvetter has the responsibility of publishing the LVCA monthly newsletter known as Newsvetter. The Editor may appoint a committee approved by the Executive Board to assist with the publication. While the Editor will have the responsibility for the format and content of the newsletter, the Editor shall obtain approval of the Executive Board on matters of publication, costs, and advertisements and any articles or features which may be considered for publication. The Editor shall, at the end of his/her term, upon removal or resignation from office, surrender all papers and other club property to the Executive Board.

SECTION 8. Publicity Chairperson. The Publicity Chairperson is responsible for the publicizing of the existence of the Association and its activities and the promotion of Corvetting. The Publicity Chairperson may contact any media, including Corvette related periodicals and supply the media with articles, information, photos for the purposes of publicizing the Association. The Publicity Chairperson shall obtain approval from the Executive Board of proposed publicity announcements prior to authorizing publication. The Publicity Chairperson shall also be responsible for insuring that a notice of monthly general meetings is published. All publicity for Association activities shall be coordinated through the Publicity Chairperson. The Publicity Chairperson shall, at the end of his/her term, upon removal or resignation from office, surrender all papers and other club property to the Executive Board.

SECTION 9. Events Coordinator. The Events Coordinator is the liaison between the Association membership and the Executive Board for coordinating and scheduling of events. The Events Coordinator shall, at the end of his/her term, upon removal or resignation from office, surrender all papers and other club property to the Executive Board.

SECTION 10. Directors. The position of Director will be held by the outgoing LVCA President and two (2) elected Directors. The outgoing President will serve a one (1) year term with the elected Directors serving a two (2) year term. The Directors shall, at the end of his/her term, upon removal or resignation from office, surrender all papers and other club property to the Executive Board.

SECTION 11. Webmaster. Maintains the LVCA website for members and public access. Posts the Newsvetter on the website as the primary distribution method. Posts General Membership and E-Board Meeting minutes. Places LVCA event pictures on the website as provided by the membership. Posts pictures that are appropriate to represent LVCA and its sponsor(s). Maintains and posts the current By-Laws, Standing Rules and Code of Conduct for the Association. Provides special access areas on the website for Member’s Only and the Executive Board. Maintains and updates membership, E-Board and Committee Chair rosters on the website. Maintains and updates additional Association websites as directed by the E-Board.

ARTICLE 10. LIABILITY OF DIRECTORS, COMMITTEE PERSONS AND EVENT CHAIRPERSONS

SECTION 1. Liability of Directors, Committee Persons and Event Chairpersons. Any director, officer, committee person or event chairperson of the Association shall not be personally liable to the Association or its members for damages for breach of fiduciary duty as a director, officer, committee person or event chairperson; but this Article shall not eliminate or limit the liability of such person for acts or omissions which involve intentional misconduct, fraud or a knowing violation of law. Any repeal or modification of this Article by the members of the Association shall be prospective only, and shall not adversely affect any limitation on the personal liability of a person for acts or omissions prior to such repeal or modification. Furthermore, any such person, who was or is a party to or is threatened to be made a party to any civil lawsuit or administrative action, resulting from his or her actions (not otherwise excluded above) as a director, officer, committee person or event chairperson for, behalf of or at the request of the Association, may be indemnified and held harmless by the Association against expenses, liability and loss (including attorneys’ fees, judgments, fines and amounts paid or to be paid in settlement) reasonably incurred or suffered by him or her in connection therewith and which is not otherwise reimbursed from insurers or other entities, to the extent that of the Association’s financial capability.

ARTICLE 11. LIMITATION ON ACTIVITIES

SECTION 1. Activities. The Association shall not participate in any political campaign on behalf of any candidate for public office.

ARTICLE 12. MEMBERSHIP DUES/FEES/REQUIREMENTS

SECTION 1. Annual Dues. The Executive Board shall establish all membership dues/fees pertinent to the Association, upon approval of the general membership.

SECTION 2. New Members. New members will be assessed an initiation fee plus dues prorated from the nearest full month from the date the Membership Chairperson receives the application to that year ending December 31st. The new member will be placed on the membership roll when full payment is received and will be credited for the longevity awards from that date.

SECTION 3. Former Members. Any member allowing his or her membership to lapse for a period in excess of six months may reinstate membership by paying the annual dues and meeting the requirements of Article 2, above. Former active membership time will be credited to longevity awards. Periods of time for which membership has lapsed will not be credited to longevity awards.

SECTION 4. Miscellaneous Fees. The Executive Board may impose fees on non members as required.

SECTION 5. NCCC Membership. All members of LVCA shall become and maintain membership in NCCC.

ARTICLE 13. ASSOCIATION BUDGETS

SECTION 1. Debts of the Association. The Association may incur no indebtedness above the current balance of the treasury after all outstanding bills have been paid.

SECTION 2. Operating Budget. The incoming Executive Board shall submit an operating budget for the Association by the February general membership meeting for approval by the voting membership. The Annual Operating Budget shall be established to plan for all expenditures, income and reserves for the current calendar year.

SECTION 3. Association Financial Accounts

SECTION 3.(a) Operating Account. Checking/Savings Account(s) maintained by the Las Vegas Corvettes Association Treasurer for the purpose of conducting routine financial transactions of the Association.

SECTION 3.(b) Reserve Account. A separate checking/saving account(s) maintained by the Las Vegas Corvettes Association Treasurer for the purpose of providing emergency cash reserves. Additionally, no major event that poses a financial risk to the Club can be undertaken unless the Reserve Fund balance is equal to, or greater than, 95% of the expenses of said event. The Reserve Account is intended to be maintained in an interest bearing account. Any expenditure of reserve funds must be submitted in writing to the E-Board and approved before being presented at the next general membership meeting. Approval of expenditure requires 2/3 majority of the voting members in attendance at the general membership meeting.The reserves shall be maintained at a minimum level equal to the greater of $25,000.00, or 55% of the total expense portion of the annual operating budget. Additionally, no major event that poses a financial risk to the Club can be undertaken unless the Reserve Fund balance is equal to, or greater than, 95% of the expenses of said event.

SECTION 3.(c) Funding of Reserve Account. If the Reserve Account is below the minimum level, funding of the Reserve Account will be a priority until completely funded. The President and E-Board will review the Reserve Account while determining the Annual Operating Budget. In the event that the Reserve Account is determined to be inadequately funded the President shall be responsible to appoint a committee to provide specific recommendations to the Executive Board for the funding of the Reserve Account to adequate levels.

SECTION 4. Expenditures. The Association expenditures will conform to the operating budget. All expenditures must be accompanied by a receipt to be kept by the Treasurer.

SECTION 5. Amendment of Budget. The operating budget can be amended at any regularly scheduled business meeting by a 2/3 majority of the voting members in attendance.

SECTION 6. Audits.

SECTION 6.(a) Audits. The Association books shall be audited for the prior year. The audit will be conducted with the assistance of the outgoing Treasurer and an Audit Committee consisting at least (2) Association members appointed by the incoming President, with the approval of the general membership. The audit will cover all financial statements, tax filings, general journal, receipts and disbursement records of the Association for the year being audited. The Audit Committee will conduct the audit in a timely manner and report their findings at the report at the April general meeting at the latest.

SECTION 6.(b) Tri-Monthly Audit. The President and Vice President shall examine the books along with the Treasurer every three (3) months.

ARTICLE 14. STANDING RULES

SECTION 1. Adoption of Standing Rules. The Executive Board with the advice and consent of the general membership may promulgate additional rules or regulations or provide for additional rights or limitations of rights for the fair and efficient operation of the Association not inconsistent with these By¬ Laws. Any such additional rules, regulations, rights or limitations of rights shall be in writing and identified as “Standing Rules”. A copy of the Standing Rules shall be kept by the Secretary and made available for examination by any member at all general membership meetings and at other reasonable times. Standing Rules are effective upon adoption by the Executive Board and approval of a majority of the membership present at the next general membership meeting.

SECTION 2. Amendments to Standing Rules. Proposed amendments to Standing Rules may be submitted to the Executive Board by any member. The Executive Board will consider all proposed amendments and present all proposed amendments to the next general membership meeting with the Executive Board's recommendations. Any proposed amendment will be adopted if approved by a majority of the membership present at the general membership meeting. All amendments shall be made part of the minutes of the general membership meeting and published in the Newsvetter.

ARTICLE 15. AMENDMENTS TO THE BY LAWS

SECTION 1. These By Laws are the rules and guidelines for the internal government and control of the Association.

SECTION 2.(a) Amendment Procedure. Proposed amendments to the By Laws of the Las Vegas Corvettes Association must be submitted in writing to the Executive Board. The proposal shall contain the following: 1) Article Number, 2) Section Number, 3) the text of the proposed change, 4) the purpose of the amendment, 5) the date of submission, and 6) signature of the originator.

SECTION 2.(b) Proposed amendment submissions. All proposed amendment submissions which meet the criteria of Article 15, Section 2(a) will be reviewed by the By Laws Committee appointed by the Executive Board. The proposed amendments reviewed by the By Laws Committee will be submitted to the Executive Board with the recommendations of the By Laws Committee. The Executive Board will return the proposal to the By Laws Chairperson, or representative, with the Board's recommendations, if any, in writing.

SECTION 2.(c) Association Actions. The By Laws Chairperson will present the proposed amendment with recommendations of the Executive Board and By Laws Committee at the next general or special membership meeting. A copy of the proposed amendment will then be published in that month's Newsvetter and/or by special mailing or distribution. The proposed amendment will be submitted for discussion and consideration at the next general or special membership meeting.

SECTION 2.(d) Adoption. These By Laws may be altered, amended or repealed and new By Laws may be adopted by a 2/3 majority of the members present at a regular meeting or at a special meeting.

ARTICLE 16. DISSOLUTION OF ASSOCIATION

SECTION 1. If the Association dissolves, all property belonging to the Association will be sold, and after all debts have been paid, the monies left in the treasury shall be divided equally among current paid memberships of one year or greater.

Addendum "A"