Bylaws - ARTICLE IV - Board of Directors

[mewickham]

ARTICLE IV - Board of Directors
Section 1 - The Board of Directors shall include the elected Officers of the Society and the Chairpersons of all Functional Committees. The immediate Past President shall be a member of the new Board and able to exercise one vote only.

Section 2 - The business and property of the Society shall be administered by the Board of Directors, whose entire action shall be responsible to the Society. Such action shall include:

A. Acting for the Society between regular meetings.

B. Working with regional and national clubs for furtherance of the Society and the overall organized hobby.

C. Raising, spending, and accounting for money needed to carry out the work of the Society, subject to its approval. It is the Board of Directors’ responsibility to approve expenditures from the General Fund in excess of $50. Expenditures in excess of $100.00 are subject to the approval of the General Membership. Any expenditure under $50 must
be approved by the chairperson of the committee affected, with a maximum $100 per committee yearly unless approved by the general membership.

D. Providing a monthly program of high quality.

E. Promoting an interest and maintaining a relationship with other groups in the interest of the aquarium hobby.

F. The Board of Directors may from time to time designate any person (who has given of their time and efforts for the unselfish betterment of the Society and furtherance of its goals) a “Fellow of the Northwest Arkansas Aquarium Society.” A suitable award shall be given by the Directors, and awarded to the person so designated by the President.

Section 3 - Regular monthly meetings of the Board of Directors shall be held. A quorum shall be 51% or more Board Members present at a meeting. Special Board of Directors meetings shall be called by the President upon written request of three Board Members to the Secretary. A quorum shall be 51% or more Board Members present at the special meeting.

Section 4 - Except under circumstances accepted by the majority of the Board of Directors as extenuating, failure to attend two (2) meetings, General and Board in succession, or three (3) meetings (General or Board) in a six (6) month period, may be grounds for removal of a Board Member.

Section 5 - No two (2) members of the same family shall act as sole authorized signatures on the Society checkbook or other financial or legal instruments.