ARTICLE X: LIMITATIONS ON ACTIVITIES
No part of the net earnings of FACLP shall insure to the benefit of, or be distributed to its Members, trustees, Executive Board Members, or other private persons, except that the Association shall be authorized and empowered to pay reasonable compensation for services rendered, and to make payments, and distributions in furtherance of the purpose set forth in Article II.
ARTICLE VIII: FIDUCIARY AUTHORITY
Section I Fiscal Year The fiscal year of this Association shall be January 1 through December 31. Section II Contracts The board may authorize any officer, member, or agent of the organization to enter in to any contract or execute and deliver any instrument in the interest of and on behalf of the organization, and such authority may be general or confined to specific instances. Section III Checks, Drafts, and Payments All checks, drafts, or payments issued in the name of the organization shall be signed by the President or Treasurer. All expenditures must have specific prior authority granted by the board and duly in the minutes or their proceedings. In no event, shall the board, individually or collectively, incur any expense in excess of the uncommitted and liquid general…
ARTICLE VII: AMENDMENTS
Section I Amendment Procedures Written notice of the proposed amendment shall be presented to all members at least ten (10) days in advance of the vote. Section II Voting Process The amendment will be adopted if two-thirds (2/3) of the Members of the Association return a favorable vote within seven (7) days. ***(Clause: If two-thirds (2/3) of the Members do not meet a majority of cast a vote, the President reserves the right to take the vote to the Executive Board. The Board will then take the votes submitted into consideration and cast a vote with all Executive Board Members. If a majority vote is favorable, the Amendment will be adopted.)
ARTICLE VI: ASSOCIATION BUSINESS
All association business issues to be voted on shall be decided by a quorum of 10% of the voting membership present, except amendments to the bylaws outlined in Article VII.
ARTICLE V: ANNUAL CONFERENCE MEETING
The organization shall hold an annual educational conference. The annual conference meeting will follow procedures set forth in the policy manual.
Section VIII Attendance
Board members shall attend regular board meetings and regularly participate in Association activities.
Section VII Communication
Board members must respond to e-mails sent by the President, other members of the board, members of their assigned committees, and general members within 48 hours.
Section VI Removal from Office
Any member of the Executive Board may be removed by a majority vote of the remaining executive board officers whenever, in their judgement, the best interests of the Association would be served thereby.
Section V Meetings
The Executive Board shall meet a minimum of twice a year; the first meeting shall be following the induction of newly elected Board Members after the annual conference meeting has concluded. The President shall calendar the remainder of the meetings within two (2) weeks concluding the annual conference meeting.