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<div class=Section1> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'>FOREST</span><span style='font-family:"Bookman Old Style"'> LAKE</span><span style='font-family: "Bookman Old Style"'> ASSOCIATION BY-LAWS </span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> <u>BY-LAW </u></span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#1. The Forest Lake Association is a non-profit organization, and our Identification No. 04-28-795O6.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#2. That nominations and elections of officers, be carried out in November, the date or dates to be designated by the Executive Board, with a majority ruling by the Association. The installation of new officers to commence January 1st of said year. </span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#3. That we establish a quorum of 10 members, and that a vote on a motion cannot be taken at a meeting without a quorum present, and that 50% plus (1)one, would carry a vote. </span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#4. That retired officers transfer the savings passbook over to new officers elected, on the proper bank forms. </span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#5. That all monies spent and for what use should be agreed upon by a quorum vote. </span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#6. That the minutes of each meeting be recorded by the secretary and read and accepted by the quorum at the following meeting. </span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#7. That on the savings passbook the required signatures be one (1) of three(3) officers, no countersignature needed.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'> <br> </span><span style='font-family:"Bookman Old Style"'>#8. That the Association will not involve itself with any personal or town affair regarding personal property; </span></p> <p style='margin-bottom:12.0pt;text-indent:.5in'><span style='font-family:"Bookman Old Style"'>UNLESS: 1. it affects the rights of public use. </span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: 1.0in'><span style='font-family:"Bookman Old Style"'> 2. it affects the quality of water in Forest Lake and its adjoining land area.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'>#9. That the by-laws and ammendments prior to August 11, 1985, not be in effect, and the present by-laws dated August 11, 1985 supercede then, null and void.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'> <br> </span><span style='font-family:"Bookman Old Style"'>#10. That the by-laws and ammendments be read and signed by new officers appointed and that they will abide by then.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'> <br> </span><span style='font-family:"Bookman Old Style"'>#11. The by-laws established by the Forest Lake Association may be amended by a quorum vote and a second reading vote makes it final.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'> <br> </span><span style='font-family:"Bookman Old Style"'>#12. That this Association would not be used for political purposes. </span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#13. That should an active member pass away, the Association officers would spend an amount of money set each year by the membership for flowers, etc. </span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#14. That all by-laws and amendments be presented before the membership for a second reading before it becomes final.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'> <br> </span><span style='font-family:"Bookman Old Style"'>#15. That a membership dues be established by a quorum vote before the coming year. This membership shall be continuous until the member leaves; resigns, or fails to pay membership dues. All paid dues members in good standing is entitled to one vote, providing that the person be 18 years or older. Membership fee $3.00; November 1986.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'> <br> </span><span style='font-family:"Bookman Old Style"'>#16. That the membership pay the Secretary a sum of money, which will be voted on the second meeting of the new year, for expenses. </span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#17. That the Executive Board shall consist of the four officers; President, Vice President, Secretary, and Treasurer. It shall have the power to act for the Association in emergency situations where the policy cannot be set by the membership.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'> <br> </span><span style='font-family:"Bookman Old Style"'>#18.The Executive Board shall report to the membership all its activities.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'> <br> </span><span style='font-family:"Bookman Old Style"'>#19.The chairman of the Executive Board shall be the President of the Association.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'> <br> </span><span style='font-family:"Bookman Old Style"'>#20. Duties of Officers: </span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: 58.5pt;text-indent:-22.5pt'><span style='font-family:"Bookman Old Style"'>a.<span style='font:7.0pt "Times New Roman"'> </span></span><span style='font-family:"Bookman Old Style"'>The President shall preside at all meetings. He/She shall sign all necessary papers and documents that represent the <br> Association when and where necessary. He/She shall make a report to the membership at least once each year, summarizing the accomplishments of <b>th</b>e Association and outlining plans for the next year.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: 58.5pt;text-indent:-22.5pt'><span style='font-family:"Bookman Old Style"'>b.<span style='font:7.0pt "Times New Roman"'> </span></span><span style='font-family:"Bookman Old Style"'> The President shall preserve order and enforce the Constitution and By-Laws of the Association. He/She shall decide all questions of order and have the deciding vote in case of a tie.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: 58.5pt;text-indent:-22.5pt'><span style='font-family:"Bookman Old Style"'>c.<span style='font:7.0pt "Times New Roman"'> </span></span><span style='font-family:"Bookman Old Style"'> The President shall designate all committees.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: 58.5pt;text-indent:-22.5pt'><span style='font-family:"Bookman Old Style"'>d.<span style='font:7.0pt "Times New Roman"'> </span></span><span style='font-family:"Bookman Old Style"'> The President shall select an audit committee of two (2) members and the Vice-President select (1) member to audit financial records each year prior to new election of officers. This committee shall report to the membership its results in writing and sign name, address of each member, and that the first appointed would be the chairman. This report is to be accepted as complete by the membership vote.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: 58.5pt;text-indent:-22.5pt'><span style='font-family:"Bookman Old Style"'>e.<span style='font:7.0pt "Times New Roman"'> </span></span><span style='font-family:"Bookman Old Style"'> The Vice president shall meet regularly with committees to discuss activities and prepare committee progress reports for the membership. </span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>f. The Vice President shall become President if the Presidency is vacated.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> g. The Vice President shall prepare a tentative agenda for each meeting.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> h. The Vice-President shall review the by-laws of the Association annually and present recommendations for amendments to the general membership for vote.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> i. The Secretary shall record accurate minutes of general membership meetings and Executive Board meetings.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> j. The Secretary shall attend to all correspondence of the association.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> k. The Secretary shall collect and maintain all names, addresses and telephone numbers of all members, and keep an up to date roll call list.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> l. The Treasurer shall keep an accurate account of receipts and disbursements, and shall report them to each meeting of the general membership.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> m. The Treasurer will submit to the membership a financial report at each meeting and it will be accepted by a quorum vote.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'> <br> </span><span style='font-family:"Bookman Old Style"'>#21. Rules and Procedures:</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> a. That Robert’s Rules of Order shall be the authority of the Association.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> b. That the order of business be:</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: 1.0in'><span style='font-family:"Bookman Old Style"'> <br> 1. Calling the meeting to order. <br> 2. Roll call of members- quorum present. <br> 3. Reading of minutes of previous meeting- and approval by the membership. <br> 4. Reports of standing committees. <br> 5. Secretary Report - and approval. <br> 6. Treasurers Report - and approval. <br> 7. Reports of officers and delegates. <br> 8. Old business. <br> 9. New business. <br> 10. Adjournment.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#22. Special Meetings. Any five (5) members in good standing can call a special meeting by affixing their name and address thereon and setting forth the purpose thereof. </span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#23. Funding of Association Checking Account: </span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'>That an initial fiscal year amount of money in the sum of $600.00, will be allotted to the checking account. All financial obligations accrued by the association will be paid from this checking account.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> Transfers made from the existing Association bank account and the amount of said transfers will be made only after a majority vote of the Association in favor of this transfer.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> Any monies, in excess of the sum allotted to the checking account shall be transferred back to the Association bank account prior to the auditing of the Association’s financial records at the end of the fiscal year.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> The initial amount of money allotted to the checking account can only be adjusted through a majority vote of the Association. This vote should be accomplished at the Association meeting closest to the beginning of the fiscal year, not to be limited to any specific date. The Executive Board through a majority vote of its members, will designate a meeting date at which time the vote will be added to the agenda and inform the members of the Association accordingly.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#24. Checking Account:</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> The checking account for the Association will carry the signatures of both the President and Treasurer elected to the Executive Board by the Association.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> All transfers and cancelled checks shall be kept on record by the Treasurer. An inspection of these records may be made at any meeting by any member, in good standing, of the Association.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> Any inspection done by a member of the Association over and above the normal Treasurer’s report will be done in a manner as not to disrupt the normal agenda of the scheduled meeting.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> An official audit and a written report of this audit will be accomplished by a committee designated by Association <br> procedures. This report will be submitted for Association approval at the end of the Association’s fiscal year.</span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'> <br> Any and all expenditures from the checking account will be made only after a majority vote in favor of said expenditures is made by the Executive Board. </span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'><br> A record of the results of Executive Board votes will be kept by the Secretary of the Association and available for inspection by any member, in good standing, of the Association. </span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#25. Salary payed to Executive Board Members: </span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'><br> The Executive Board will b paid a salary of $25.00, per year, per Executive Board Member. Payment of this salary is to be made to the persons holding the Executive Board positions at the end of the one year term of office and prior to the election of the new Executive Board. </span></p> <p style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left: .5in'><span style='font-family:"Bookman Old Style"'><br> It is further understood, that each Executive Board member has the right, as an individual, to waive the salary to his/her position for personal and/or other reasons.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'><br> </span><span style='font-family:"Bookman Old Style"'>#26. That the Association Fiscal Year should end December 31st of said year, and begin January 1st, following year.</span></p> <p style='margin-bottom:12.0pt'><span style='font-family:"Bookman Old Style"'> <br> </span><span style='font-family:"Bookman Old Style"'>#27. Annual Meeting of Members shall be 2nd Thursday of April of each year. </span></p> <p class=MsoNormal><span style='font-family:"Bookman Old Style"'> </span></p> <p class=MsoNormal><span style='font-family:"Bookman Old Style"'> </span></p> <p class=MsoNormal><span style='font-family:"Bookman Old Style"'> </span></p> </div>
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