Adjustments to the By-laws and Constitution as voted on by the CLIA Board

The CLIA board has been working with an attorney on our IRC Section 501(c)(7) non-profit status. A few required adjustments to our constitution and by-laws need to be implemented in order to comply with the IRS rules. And all adjustments to our constitution and by-laws must be voted on by the membership.

First (A.) is a statement that defines the direction, in the event the Association dissolves, on how Cupsaw Lake Improvement Association’s assets will be disposed of. Note that this has been reviewed by our attorney and the language here is the standard language required by the IRS.

Second (B.) is stating that CLIA operates on a fiscal year.

Third (C.) is adding Cupsaw Lake Improvement Association’s purpose – what’s currently listed in the constitution – into the by-laws. Here too, updating the by-laws to be compliant with IRS requirements.

A. Inserting a new article into the Constitution.

ARTICLE VI – DISSOLUTION STATEMENT

Upon the dissolution of the Corporation, assets shall be distributed for one or more exempt purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future Federal Tax Code, or shall be distributed to the Federal Government, or to a state or local government, for public purpose. Any such assets not so disposed of shall be disposed of by a court of competent jurisdiction of the county in which the principal office of the corporation is then located, exclusively for such purposes or to such organization or organizations, as said court shall determine, which are organized and operated exclusively for such purposes.

In addition to the purposes listed herein, the Corporation is formed for any other purpose consistent with Section 501(c)(7) of the Internal Revenue Code.

B. Updating Article VII, Section 4 description to show CLIA runs on a fiscal year.

Article VII, Section 4 Finance and Budget Committee:

The Treasurer shall serve as the chair of the Finance and Budget Committee. The committee shall include, but not be limited to, the Executive Committee, any newly elected Executive Board members who have not yet taken office, and the Assistant Treasurer.

It shall be the duty of the Finance and Budget Committee to consider all matters relating to the finances of the Association. This Committee shall prepare and submit to the Governing Board, for approval at the Governing Board meeting in January, a proposed budget for the operation of the Association for the ensuing fiscal year. Said budget should be broken down into items of operation and capital expenditures.

The Association shall operate on a fiscal year as determined by the Governing Board.

C. Updating Article IX of the by-laws to include Cupsaw Lake Improvement Association’s purpose.

ARTICLE IX – ORDER OF BUSINESS, PARLIAMENTARY AUTHORITY, PURPOSE AND RULES OF THE ASSOCIATION

Section 1 Purpose

The purpose of the Association shall be to maintain, improve, and extend the facilities on or about Cupsaw Lake for the benefit of the members of the Association, and to initiate and support movements believed by the membership of the Association to be in the best interest of the Cupsaw Lake area. The Association will make every effort to cooperate with any group or organization that shares the Association’s goals and assists the Association in fulfilling the aforementioned purpose.

Section 2 Order of Business

The Order of Business for the meetings of the Association and the Governing Board shall be: Minutes of the Previous Meeting, Treasurer’s Report, Reading of Correspondence, Committee Reports, Sub-organization Reports, Old Business, New Business, and Good and Welfare.

Section 3 Roberts Rules of Order

Roberts Rules of Order (Revised) shall be the parliamentary authority for this Association.

Section 4 Establish Rules

The Governing Board shall be empowered to establish rules for the operation of the association as long as they do not contravene the Constitution, or By-laws These rules shall be made public to the membership and posted annually on the association’s bulletin board.