BYLAWS
OF THE SANDY BAY YACHT CLUB
8th Printing, 2008
Sailing
Program By-Laws
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March, 2009
ARTICLE 1 - NAME AND PURPOSE
Section 1 - NAME AND PURPOSE
The name of this corporation shall be “Sandy Bay Yacht Club, Incorporated.”
Its purpose shall be the promotion of yachting, athletic and social activities
for both Senior and Junior members. The headquarters of the Club shall be at
Rockport, Massachusetts.
Section 2 - CLUB FLAG
The club flag shall be a pointed burgee, its hoist
being two-thirds its length. It shall be a red pennant with a six-pointed white star in
the center thereon.
Section 3 - SEAL
The Seal of the Club shall be circular in form,
bearing the inscription: "SANDY BAY YACHT CLUB INC. 1930 ROCKPORT, MASS."
Section 4 - FISCAL YEAR
The Fiscal Year of the Club shall start January
1.
ARTICLE 2 - MEETINGS
Section 1 - MEETINGS
The Annual Meeting of the Club shall be held on a date during the
last fourteen days of August or in September before Labor Day at
Rockport, Mass. The meeting shall be noticed by posting at the Club or
by sending notice to each member and sent to him/her by postage prepaid
mail or left with him/her or at his/her usual place of business or
residence no less than two weeks before such meeting.
Special meetings of the Club shall be called by the Secretary at the
direction of the Commodore, or three Senior yacht owners, or two members
of the Board of Governors.
In the case of the death, absence or inability, neglect, or refusal
of the Secretary to give notice of any meeting as provided by these
Bylaws, such notice may be given by the Commodore, three Senior yacht
owners, or two members of the Board of Governors posted on the Bulletin
Board in the Clubhouse two weeks prior to the meeting.
Any business within the power of the Club may be transacted at the
Annual Meeting. Officers and Governors shall be elected only at the
Annual Meeting.
At a special meeting, no business shall be transacted other than that
specified in the notice of same.
A notice stating generally the purpose of any meeting of the Club
shall be addressed to each member and sent to him/her by postage prepaid
mail or left with him/her or at his/her usual place of business or
residence no less than two weeks before such meeting.
In the event of the Annual Meeting, by mistake or otherwise, not
being called and held as herein prescribed, the Board of Governors shall
order a special meeting to be called and held in lieu of, and for the
purposes of, the Annual Meeting.
Upon questions directly affecting Racing Rules and the government of
yachts and regattas, only Senior members in whose names boats have been
registered with the Club Secretary at least two weeks before any meeting
called for these purposes shall vote.
At the election of Officers and Governors, and upon all other
matters, each Senior member present shall have one vote, subject to the
qualifications in the preceding paragraph.
At any meeting of the Club, no business, except to organize and
adjourn to a specified time, shall be transacted unless there are
present fifteen (15) Senior Members of whom eight (8) shall be Senior
boat owners with yachts registered in their names with the Club
Secretary at least two weeks before the meeting.
ARTICLE 3 - OFFICERS AND GOVERNORS
Section 1 - OFFICERS AND GOVERNORS
(1) The Officers of the Club shall be a Commodore, Vice Commodore,
Secretary and Treasurer. The Commodore and Vice Commodore shall be Senior
members in good standing, shall be yacht owners at the time of election and
may not serve more than two consecutive terms in each position. The positions
of the Treasurer and Secretary shall not be restricted as to consecutive
terms. The new officers shall hold Office for one year starting with the first
day of November.
(2) The Board of Governors shall consist of seven (7) members, four (4) of
whom shall be yacht owners, the Commodore and the Vice Commodore, and in
addition the retiring Commodore until the next Annual Meeting after his/her
retirement.
(3) Vacancies on the Board of Governors shall be filled as prescribed in
Article 5, Section 6, and Article 3, Sections 7 and 8. Each Governor so
elected shall hold Office for a period of three years starting with the first
day of November. S/he may not serve more than two consecutive terms as
Governor.
(4) Notwithstanding any other provisions of this Constitution and Bylaws,
any Officer or Governor whose successor shall not have been elected and
qualified on or before the date of expiration of his/her term of Office, shall
continue to hold Office until his/her successor shall be chosen and qualified
in his/her stead.
(5) Any vacancy among the Officers or on the Board of Governors due to
death, resignation, or incapacity to perform duties shall be filled by the
Board at its next regular meeting, or at any special meeting called for the
purpose, and any Officer or Governor so appointed shall hold office for the
unexpired portion of the term of office vacated, or for such shorter period as
the Board of Governors shall determine.
(6) If one or more of the elected Officers shall be a member who by prior
election would be serving as a Governor during the period of his/her term as
an Officer, his/her election as an Officer shall automatically end his/her
term as a Governor.
(7) The number of vacancies on the Board of Governors shall be determined
and announced at the Annual Meeting after the election of the Commodore and
Vice Commodore and shall be that number required to create a Board of
Governors consisting of the seven (7) Senior members in addition to the
Commodore and Vice Commodore.
(8) The nomination and election of each Officer (except the Secretary and
Treasurer who will be appointed by the Commodore) and each Governor shall be
conducted separately at the Annual Meeting. After nominations for one Office
or vacancy have been received and accepted as being qualified in compliance
with Paragraphs 1 and 2 of this section, and if there is more than one
nominee, a written vote shall be taken from the Senior members present. If a
candidate has received more than one-half the total number of votes cast, s/he
shall be declared elected. If not, a second vote shall be taken after omitting
from the ballot all but the two candidates who on the first vote received the
largest number of votes. On this second vote, the candidate receiving the
greater number of votes shall be declared elected. Each office or vacancy
shall be voted upon, as a separate entity, and the foregoing procedure shall
be repeated until all Offices and vacancies have been filled. A candidate
whose name has been deleted from an earlier ballot because of insufficient
votes is not disqualified from nomination to an Office or vacancy subsequently
to be voted upon. Providing there are no nominations from the floor and there
is no objection from the members attending the Annual Meeting, they may vote
to override this paragraph (8) and vote the slate as presented.
ARTICLE 4 - DUTIES OF
OFFICERS
Section 1 - COMMODORE
The Commodore shall command the squadron and preside at all meetings
of the Club and of the Board of Governors and shall perform all other
duties required of him/her by law and this Constitution and Bylaws. S/he
will serve for one year starting the first day of November following
election and may not serve more than two consecutive terms.
The Commodore shall be ex-officio a member of all committees.
The Commodore shall appoint a Fleet Captain and Committee Chairs and
define their duties. Such appointees shall hold office at the pleasure
of the Commodore, but not to exceed his/her term of office.
The Commodore shall use proper discretion in making decisions when it
is not practical to consult with the Board of Governors.
The Commodore shall keep the common seal of the Club. S/he shall
sign, on behalf of the Club, in regular course, all contracts, leases,
releases, deeds, bills of sale, and all other papers requiring official
seal of the Club unless another Officer or Officers of the Club are
authorized and directed so to do by vote of the Board of Governors.
Section 2 - VICE COMMODORE
The Vice Commodore shall assist the Commodore in the discharge of
his/her duties, and in case of the absence of the Commodore or a vacancy
in that Office, shall act as Commodore until the vacancy is filled by
the Board of Governors. In case of the absence of both the Commodore and
Vice Commodore, a chairman pro tempore shall be chosen by the Board of
Governors to preside at the meeting.
The Vice Commodore will serve for one year starting the first day of
November following election and may not serve more than two consecutive
terms.
Section 3 - SECRETARY
The Secretary shall serve as Clerk of the Corporation and as member
ex-officio without vote on the Board of Governors.
The Secretary shall:
Give notice of the meetings of the members of the Board in
accordance with Article 2, Section 1, and of the Board of Governors,
and shall call special meetings of the Board when requested to do so
by the Commodore or a majority of the Board.
Keep the records of membership enrollment.
Keep the minutes of Club and Board of Governors meetings.
Maintain yacht listings.
Handle all general correspondence.
Perform all other duties especially required of such Officer by law
and the Constitution and Bylaws and as the Board of Governors may from
time to time prescribe.
In the absence of the Commodore and Vice Commodore at any legal
meeting of either the members or the Board of Governors, s/he shall
call the meeting to order and preside until a chairman pro tempore is
chosen.
S/he shall have the custody of agreements and evidence of property
belonging to the Club and all other business papers.
Section 4 - TREASURER
The Treasurer shall serve as member ex-officio without vote on the
Board of Governors and have general supervision of the financial affairs
of the Club under the direction of the Finance and Audit Committee. S/he
shall collect all monies payable to the Club and pay all bills
contracted by the Club and all other expenses of the Club. All bills and
expenses so paid shall, as required by the Treasurer, be certified as
correct by two members of the Finance and Audit committee or by the
Chairman of any committee which has contracted for any such expense by
virtue of an appropriation of the Board of Governors. The Treasurer
shall have the custody of the cash funds, notes, and bonds.
The Treasurer shall keep or cause to be kept a regular set of books
containing the accounts of the Club showing all monies received and
disbursed. The Treasurer shall keep a separate account as Treasurer of
the Club in such bank or banks as the Finance and Audit Committee shall
designate, and shall deposit in the name of the Club in such bank or
banks all monies of the Club, which shall not be drawn out except for
the use of said Club. Said books and accounts shall be open at all times
to the inspection of the Board of Governors.
The Treasurer shall prepare all returns and certificates required by
law, and perform all other duties pertaining to the office of Treasurer.
The Treasurer shall prepare an annual account of expenditures and
receipts for the year to date to be laid before the Club at its Annual
Meeting and at other times when requested to do so by the Finance and
Audit Committee, and shall submit a detailed statement of the financial
conditions of the Club to the Board of Governors within thirty (30) days
after the close of the fiscal year.
All notes of the Club shall be signed by the Treasurer if and when
authorized by the Finance and Audit Committee.
Checks and notes shall only be drawn on regular blanks bound in book
form with a stub upon which shall be retained a copy of said checks and
notes. Except as aforesaid, or by express authorization by the Board of
Governors, the Treasurer shall not make or endorse any checks, drafts,
or notes, or draw, accept or endorse any drafts or bills of exchange.
The Treasurer shall review all insurance as required or at least
annually and shall inform the Finance and Audit Committee of the
coverage, and advise recommended changes for adequate protection.
Section 5 - BOARD OF GOVERNORS
The Board of Governors shall have responsibility for the management
of the affairs and property of the Club, subject to any special
instructions voted at Club meetings. It shall have all of the powers
required to fulfill this duty, and it may delegate these powers at its
discretion. Without in any way being limited to the following particular
powers, it may:
Maintain or close banking accounts, manage Club investments;
Acquire, purchase, lease, mortgage, pledge, sell or otherwise
dispose of real and personal property;
Authorize, make or cause to be made such contracts and agreements
on behalf of the Club as it may deem needful or convenient for the
purpose of the Club;
Waive individual fees, dues or charges in whole or in part;
Suspend or expel any member; remove any Officer or Committee
member; fill vacancies, or revoke any duties or powers previously
delegated to others; and
In general manage, control, and direct the affairs of the Club and
it is vested with all powers which the Club itself has, not
incompatible with the provisions of this Constitution and Bylaws and
the laws of the Commonwealth.
Members of the Board of Governors will serve three years (unless
filling an unexpired term). Their term of Office to begin the first day
of November. They may not serve more than two consecutive terms as
Governor.
Section 6 - MEASURER
Whenever the Club requires the services of a measurer, s/he shall be
appointed by the Commodore.
ARTICLE 5 - COMMITTEES
Section 1 - BOARD OF GOVERNORS
The Board of Governors shall consist of the seven (7) regular elected
members, the Commodore and Vice Commodore, and the retiring Commodore
for one year following retirement. In addition, the Secretary and
Treasurer shall be on the Board ex-officio without vote.
The meetings of the Board of Governors shall be called by a written
or printed notice thereof being left with each member of the Board, or
at his/her usual place of business or residence, or deposited in the
post office addressed to him/her at his/her usual place of residence or
business, postpaid; the same to be done at least seven (7) days before
such meeting; but such notice may be waived by such members of the
Board, and whenever all the members of the Board shall be present at any
meeting or represented by proxy, such notice shall be considered as
thereby waived.
A majority of members of the Board shall constitute a quorum for the
transaction of business. The Board shall meet at such time and at such
place as they may vote, or as may be designated by the Commodore or
Secretary in the notice calling such meeting.
Section 2 - FINANCE AND AUDIT
COMMITTEE
The Commodore appoints the Finance Committee Chair. The term for the
Finance Committee Chair coincides with the Club’s fiscal year. The
Finance Committee consists of the Chair, Treasurer, and Club Manager.
The Finance Committee Chair may use Club member volunteers or
contract personnel, as necessary, to augment the Committee. The Finance
Committee reports to the Board or Governors.
The Finance Committee is responsible for the following:
Preparing current and pro forma capital and operational budgets;
Treasury functions (receipts and disbursements);
Reporting the financial status of the club to the Board and at Club
members’ meetings (financial statements);
Risk Management (insurance, compliance with regulatory and legal
requirements, leases and policies);
Obtaining an annual external audit of its activities;
Overseeing capital campaigns and planned giving;
Coordinating strategic planning;
Maintaining an inventory of the Club’s property; and
Performing other duties consistent with business-like operations.
The Board of Governors approves the Club’s capital and operational
budgets, external audits, and risk management activities.
The fiscal year ends on the last day of December.
The outgoing Finance Committee Chair is responsible for submitting
audited financial statements to the incoming Finance and Audit Committee
Chair by January 31st of the following fiscal year.
Committee Chairs submit budget requests for the current fiscal year
in writing to the Club Manager prior to January 15th.
The Club Manager prepares operational and capital budgets and pro
forma cash flow statements.
The Finance Committee Chair presents the budgets to the Board of
Governors for approval.
Committee Chairs submit written requests for further or special
appropriations through the Treasurer or Club Manager to the Finance and
Audit Committee. The Board of Governors approves, disapproves or
partially approves the request. The Board of Governors notifies the
Committee Chair of the results of the request for further or special
appropriations. Prior to the Board of Governors’ approval of special
appropriations, the Commodore or Vice Commodore may approve required
interim expenditures.
The Finance Committee will include the extraordinary expenditures in
the new budget.
No Committees shall obligate the Club for an amount in excess of that
allowed in their respective budgets.
At the end of the fiscal year, the Board of Governors appoints one or
more competent people to audit the Finance Committee activities. The
auditors will submit their examination to the Board of Governors within
thirty (30) days of the end of the fiscal year, or such extended time as
agreed to by the Board of Governors to allow time for the audits.
Section 3 - HOUSE COMMITTEE
The Commodore appoints the House Committee Chair. The term for the
House Committee Chair coincides with the Club’s fiscal year. The House
Committee consists of the Chair, Club Manager, and member volunteers.
Contract personnel may augment the Committee. The House Committee
reports to the Board of Governors.
The House Committee is responsible for Club premises and property.
The House Committee is responsible for the assignment of locker
space.
The House Committee purchases supplies and articles for use in the
Club not within the jurisdiction of any Officer or other Committee.
The House Committee is responsible for the Safety Committee, Snack
Bar and the Gift Shop. The House Committee Chair appoints members of the
Club to the Safety Committee and the Gift Shop. The House Committee
Chair appoints the Safety Committee Chair.
The House Committee specifies the duties and responsibilities of
employees, supervises personnel employed by the Club, engages contract
personnel, and engages contracted services. The House Committee is
responsible for maintaining an employee manual that defines the roles
and responsibilities for each of the paid full and part-time positions
that serve the operations of the Club. Those positions include, but are
not limited to, the Club manager, stewards, and launch operators.
The House Committee submits a proposed budget for the current fiscal
year by January 15th.
The House Committee controls its expenditures within the approved
budget.
Section 4 - RACE COMMITTEE
The Race Committee, Chairman and members, shall be appointed by the
Commodore who will designate the Chairman.
It shall be the duty of the Race Committee to schedule all races and
regattas and to make arrangements for and to take charge of, and appoint
judges for all races held by or under the authority of the Club. It will
keep tally sheets, select and award prizes and keep all records on
permanent trophies.
It will arrange for boards of review to rule on protests in
conformity with the current Racing Rules of Sailing. It will postpone
any race or order it to be re-contested. It may appoint, in the absence
of one or more members of its committee, a member or members of the Club
to act in his/her/their place. It will record all protests filed with
them, together with their decisions upon the same, and to place on file
with the Secretary a copy of the annual report of the Committee.
By January 1st it shall prepare a proposed budget for the current
fiscal year and control its expenses within its budget as approved by
the Board of Governors.
Section 5 - SOCIAL COMMITTEE
The Social Committee, Chairman and members, shall be appointed by the
Commodore who will designate the Chairman.
The Social Committee shall arrange all Senior social functions and
chowders approved by the Club, conducting these functions with the
approval of the Board of Governors.
By January 1st it shall prepare a proposed budget for the current
fiscal year and control its expenses within its budget as approved by
the Board of Governors.
Section 6 - NOMINATING COMMITTEE
The Nominating Committee, Chairman and members, shall be appointed by
the Commodore who will designate the Chairman, and shall consist of six
(6) members, at least four (4) of whom shall be Senior members whose
yachts have been registered in their names and representing a fair
cross-section of the membership. The names of the members of the
Nominating Committee shall be posted on the bulletin board in the
Clubhouse at least one month prior to the Annual Meeting.
It shall be the duty of the Nominating Committee to nominate the
Commodore, Vice Commodore, and members to fill regular vacancies on the
Board of Governors and the Membership Committee, all to be elected at
the Annual Meeting. The Nominating Committee may not nominate one of its
members for election. The proposed slate of Officers shall be posted on
the bulletin board at the Clubhouse at least ten (10) days prior to the
Annual Meeting.
The above procedure shall not exclude nomination from the floor of
other candidates whose willingness to serve, if elected, has been
ascertained by the nominator.
The Officers shall serve for one year. Members of the Board of
Governors and the six (6) elected members of the Membership Committee
will serve three years (unless filling an unexpired term). All terms of
office begin the first day of November. The terms of office will be
staggered to provide continuity.
Section 7 - SAILING PROGRAM COMMITTEE
The Sailing Program Committee, Chairman and members, shall be
appointed by the Commodore who will designate the Chairman.
It shall be the duty of this Committee to direct and administer the
Club’s program of sailing instruction, including the hiring of the
necessary personnel (the chief sailing instructor should be approved by
the Board of Governors before hiring). By January 31st, it shall prepare
a proposed budget for the current fiscal year and control its expenses
within its budget as approved by the Board of Governors.
Section 8 - JUNIOR ACTIVITIES
COMMITTEE
The Junior Activities Committee, Chairman and members, shall be
appointed by the Commodore who will designate the Chairman.
It shall be the duty of this committee to:
Work with the Junior Yacht Club organization, giving them
assistance in supervising Junior Yacht Races and social functions;
Be the clearinghouse for all questions and approvals requested by
the Junior Yacht Club; and
See that the Junior Yacht Club is organized in accordance with
their Constitution and Bylaws, and assist in encouraging their
activities.
Section 9 - MEMBERSHIP COMMITTEE
The Membership Committee shall consist of seven (7) members, at least
three (3) of whom shall be Senior members whose yachts have been
registered with the Club. Six (6) members of the Membership Committee
are elected as outlined in Article 5, Section 6 of the Bylaws. The
seventh member of the Membership Committee shall be appointed by the
Commodore from the Board of Governors and shall serve as Chairman.
It shall be the duty of the Membership Committee to consider and
determine the qualifications and fitness of all applicants for
membership and to elect to membership in the Club such applicants as the
Committee deems fit. A majority vote of the Committee shall be required
to elect to membership in the Club.
A quorum shall consist of a majority of the Committee.
Section 10 - SBYC FLEET CAPTAIN
The SBYC Fleet Captain is responsible for implementing the Dock Space
and Hurricane Policies.
The SBYC Fleet Captain conducts the dock space lottery with the
respective Fleet captains. The SBYC Fleet Captain is responsible for
notifying the Club Manager about the results of the lottery and
indicating the boats from each fleet that will use the dock during the
sailing season.
The SBYC Fleet Captain is also responsible for coordinating the after
fleet race social gatherings.
ARTICLE 6 - MEMBERSHIP
Section 1 - NUMBER AND CLASSES OF
MEMBERS
The classes of memberships shall be: (1) Senior A, (2) Senior B, (3)
Family, (4) Junior, (5) Honorary, (6) Temporary, and (7) Long-Term.
Senior A members must be 30 years of age or older; Senior B members
must be between 21 and 29 years of age.
A Long-Term membership is valid for the term of the lease between the
Town of Rockport and the Sandy Bay Yacht Club, Inc. and for any
extension thereof. The number of Long-Term memberships available in any
year shall be determined by the Board of Governors.
A Family membership is for a husband and wife and all their children
who qualify as Junior members.
Any person who has reached eight (8) years of age and who has not
reached twenty-one (21) years of age on May 31 of any year shall be
eligible for Junior membership for that year. Upon termination of Junior
membership by reason of age, s/he shall be eligible for Senior
membership without necessity of proposal and election as provided for in
Article 6, Section 3. A Junior member may not vote or hold Office in the
Club.
Any person may become an Honorary member of the Club upon
recommendation of the Membership Committee and be so designated by the
unanimous vote of the members present at the meeting during which the
name is submitted. Honorary members shall have all the privileges of the
Club except voting and holding Office.
A Temporary membership may be arranged for a guest through a Senior
member. Such membership shall not exceed fourteen (14) days and shall
entitle the Temporary member to all facilities of the Club.
Section 2 - DUES
The dues for the various classes of membership in the Club and other
fees shall be regulated and fixed from time to time by the Board of
Governors. The Board shall have full authority over all matters
connected with the billing and payment of annual dues and other charges
and the posting of members for delinquency, and action consequent
thereon.
No member may compete in Club-sponsored races or use the Club until
his/her dues are paid and boats registered.
Section 3 - ELECTION OF MEMBERS
Every candidate for membership in the Club shall be proposed by two members
over their signatures on blanks provided for that purpose. The proposers
should be unrelated to each other, although one may be related to the
candidate for membership. The Secretary of the Membership Committee shall
immediately cause the application to be posted on the bulletin board in the
Clubhouse for at least seven (7) days prior to the meeting of the Membership
Committee at which action on the application is to be taken.
Section 4 - GUESTS
At the request of a Senior member, the Membership Committee may
extend the privileges of the Club for a period not exceeding fourteen
(14) days to a person as a guest not residing within Rockport or
Gloucester, nor having his/her place of business within that territory.
The intent of this provision is to extend courtesy to the houseguest of
a member. If the guest has his/her own boat and uses Club launching
facilities, s/he should then take out a “Temporary Membership”.
A guest shall not receive the privileges of the Club more than once a
year.
Members introducing guests shall be responsible for their conduct and
for any debts incurred by them to the Club.
The privileges of a guest may be withdrawn at any time by action of
the Membership Committee.
Guest privileges will be extended to visiting yachtsmen and
yachtswomen who are members of other Yacht Clubs. It is not intended
that these guests should be entitled to dry sailing or the use of the
hoist except when participating in a Club recognized regatta.
Section 5 - VISITORS
A resident of Rockport or Gloucester may be introduced to the Club
for one day or a fraction thereof when accompanied by a Senior member. A
visitor may stay in the Clubhouse only during the time his/her sponsor
is present, and the same visitor shall not be introduced to the Club
more than once in thirty (30) days. Any person having his/her residence
or place of business within Rockport or Gloucester for one month of the
year shall be regarded as a resident for the purposes of this Section.
Members introducing visitors shall be responsible for their conduct. The
privileges of visitors may be withdrawn at any time by action of the
Membership Committee.
The provisions of this section do not apply to Junior Members.
Section 6 - DISCIPLINE
If any member shall be charged in writing, respecting any occurrence
injurious to the welfare of the Club, or of a violation of any
provisions of the Constitution and Bylaws or Rules, the Board of
Governors shall thereupon cause a statement of such charge, together
with a notice of not less than five (5) days of the time and place where
they will meet for consideration thereof, to be served on the person
making the charge and the person so charged. The Board of Governors
shall make the necessary rules respecting its hearing. At the time and
place specified in the notice, the Board shall hear and consider the
evidence offered by both parties. If the Board shall be satisfied of the
truth of the charge, they may censure or suspend such member for a
period not to exceed twelve (12) months, from any or all privileges, as
they deem proper. Their decision shall be final.
Should a majority of the Board, however, deem that such discipline
would be inadequate, they shall make a report in writing of their
findings and recommendations and submit the same, together with the
evidence taken, to the next general meeting or any special meeting
called for that purpose, for any action the Club may desire to take in
respect thereto, and they may in like manner suspend such member pending
the determination of the matter in the Club.
ARTICLE 7 - YACHT OWNERSHIP
Section 1 - YACHT OWNERSHIP
The yachts and skiffs of all members must be duly enrolled upon the records
of the Club and must be registered with the Club Secretary before July 1st of
each year or within one week after yacht is acquired. In the case of Racing
Yachts, they must be registered with the Club Secretary in order to be
eligible for racing in club-sponsored races.
ARTICLE 8 - INDEMNIFICATION OF OFFICERS AND
DIRECTORS
Section 1 - INDEMNIFICATION OF
OFFICERS AND DIRECTORS
To the extent permitted by applicable law now or hereafter in effect, any
person who was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative, by reason of the fact that such
person is or was at any time a director or officer of the Club shall be
indemnified by the Club for judgments, fines, amounts paid in settlement and
reasonable expenses, including attorneys’ fees, actually and necessarily
incurred in connection with or as a result of such action, suit or proceeding.
Indemnification hereunder shall continue as to a person who has ceased to be a
director or officer of the Club and shall inure to the benefit of the heirs,
executors and administration of such a person.
ARTICLE 9 - ALTERATION OF CONSTITUTION AND BY-LAWS
Section 1 - ALTERATION OF
CONSTITUTION AND BY-LAWS
No section of this Constitution and Bylaws shall be repealed,
amended, or added to except at the Annual Meeting or at a special
meeting duly called for the purpose. Thirty (30) Senior members shall
constitute a quorum and by a vote of two-thirds of Senior members
present the proposed change shall be made.
No motion to change the Constitution and Bylaws shall be made or
voted upon unless notice of the intent of the proposed change is
contained in the notice for the meeting in which the vote occurs. Such
notice to be sent to all Senior members and posted on the bulletin board
in the Clubhouse at least two (2) weeks prior to such meeting.
