BYLAWS
OF
YELLOWSTONE RECREATION ASSOCIATION, INC
(As amended 12/02/21)
ARTICLE I
The corporate name, the objects and purposes and the principal place of business of this Company shall be as stated in and provided by the Certificate of Incorporation of the Company heretofore filed in the office of the Secretary of State of Colorado and the office of the Clerk and Recorder of Boulder County, Colorado, as required by the laws of the State of Colorado.
ARTICLE II
MEMBERSHIP
Section 1. The association shall be limited to existing members. Applications for new memberships shall be reviewed and either approved or disapproved by the Board of Directors. The initial entrance fee and the annual dues assessment fee shall be decided at each annual meeting and will be effective for the following calendar year.
Section 2. Dues assessments are due no later than December 31st of each year. Thirty days grace are allowed in which to pay any assessment in full. Unless full payment is made within thirty days such person shall be dropped from the club unless a legitimate reason is presented in writing and is approved by the Board of Directors.
Section 3. Any special assessment during the year may be levied on the members by recommendation of the officers and approval of the directors. Any member failing to pay a special assessment within 30 days will be considered dropped from the Club after being personally notified by mail at their last known address.
Section 4. The rights, privileges and obligations of all memberships in this Company shall be equal and one vote per membership.
Section 5. Membership means an individual and/or spouse or significant other and children age twenty-five (25) or under who live at the home of the member.
ARTICLE III
MEETINGS
Section 1. Annual meeting of the members shall be held in a suitable place, on any given day or evening in November prior to December 1ST, in each year.
Section 2. Special Meetings. Special meetings of the members may be called at any time by the President, or by a majority of the Directors, The President, or, in his absence, the Vice-President, shall call a special meeting upon the written petition of one-third of the members of the Club. Notice of the Special meetings shall specify the business to be transacted.
Section 3. Quorum. A majority of the total membership of this Club present shall constitute a quorum for the transaction of business at any annual or special meeting. Proxies in written form shall be recognized.
Section 4. Order of Business. All membership meetings of the Club shall be governed by Robert's Rules of Order. The order of business of all membership meetings shall include, as far as possible:
1. Roll call
2. Proof of due notice and determination of quorum
3. Reading and disposal of any unapproved minutes
4. Nominations for vacancies on the Board of Directors
5. Report of Board of Directors by President
6. Report of Secretary
7. Report of Treasurer
8. Unfinished business
9. New business including levying of assessments
10. Election
11. Adjournment
ARTICLE IV
DIRECTORS
Section 1. The Board of Directors of this club shall consist of seven directors which shall be elected by a quorum of the Association at the annual meeting. The members shall vote by ballot for the incoming directors. These may be nominated and seconded without limit by the members. After nominations are regularly closed each member in good standing will be given a slip of paper upon which he will write the preferred names. The ballots will then be tallied by a committee of three appointed officials and the members receiving the highest number of votes shall be declared to be the newly elected directors, Three (3) directors are to be elected to 3 year terms, 3 directors to 2 year terms and one director to a 1 year term, then each director shall be elected for a 3 year term as his term expires. A director may succeed himself for only one consecutive term. After serving two consecutive Three (3) year terms, a Director must vacate his position for at least one year before seeking re-election to another term. If no one is elected or there is a problem finding a nominee, the current Director may remain in office until someone else is elected.
ARTICLE V
OFFICERS
Section 1. The officers of this club shall be a President, a Vice-President, a Secretary, and a Treasurer. They shall be elected by the members at the annual meeting. Only directors are eligible to be elected an officer.
Section 2. Duties of the President. The President shall preside at all meetings of the Board of Directors. He shall execute notes, bonds, mortgages, contracts, and other instruments on behalf of the Association. He shall be ex officio a member of all standing committees and shall have such powers and perform such other duties as may be properly required of him by the Board of Directors.
Section 3. Duties of the Vice-President. The Vice-President shall, in the absence for disability of the President, or in the event of his death, resignation or removal from office, perform the duties and exercise the powers of the President.
Section 4. Duties of the Secretary. The Secretary shall keep a record of the proceedings of the Board of Directors and shall keep the books and records of the Club and the seal of said Club and shall attest the signature of the officials of the Club executing documents on behalf of said Club. Secretary shall notify members of the annual meeting 15 days in advance.
Section 5. Duties of the Treasurer. The Treasurer shall collect assessments and monies due the Club and deposit the same in the depository designated by the Board of Directors and shall disburse funds on the proper order of the Board, and shall make a report of the business transacted by him annually or oftener if so required by the Board of Directors or the President.
ARTICLE VI
MEMBERSHIP CERTIFICATES
Section 1. Transfer of Membership. Certificate of membership may not be transferred.
Section 2. Insurance. Each member must have at least $1,000,000. Per person personal liability insurance and file a certificate of proof of that insurance with the Secretary. Liability insurance on any boat shall also be required.
ARTICLE VII
AMENDMENT'S
These Bylaws, or any section or Article thereof, may be changed, amended or repealed at any regular members meeting, or any special meeting of the members held for that purpose, provided notice of such proposed change has been incorporated in the call for such meeting, and upon acceptance of a majority of the members present.
ARTICLE VIII
The address of any member as shown by the books of the Club shall be correct for the purpose of mailing notices of meetings and assessments Members shall be responsible for keeping their address current with the Secretary.