ITALIAN-AMERICAN SOCIAL CLUB BYLAWS UPDATED ... - IASC

actions for member approval. To this end "A Standard Financial Management Report" shall be
developed which will permit forecasting of estimated profit or loss.
(f) Initiate the auditing of the Club's financial records by a Certified Public Accountant at the
closing of the fiscal year ending on 31 December.
(g) Establish rules for the use of the Club's facilities and attendance at Club functions for
bonafide guests of the members.
Section 5 - Executive Board Meetings:
(a) The Executive Board shall meet officially once a month at the Clubhouse to transact such
business that may require action. The time and date of such meetings shall be established by the
President with Board approval and official notification provided to the Membership.
(b) The Order of Business shall be similar to that of the Regular Membership meeting. (See
Article VIII, Section 3)
(c) Five (5) members of the Executive Board shall constitute a quorum for meeting and voting
purposes. A majority vote shall decide all matters except where specifically stated otherwise in
these By-Laws. A Board Member shall abstain from voting where a conflict of interest is
perceived by either that member or by a majority of the Executive Board.
(d) Executive Board meetings shall be open to the General Membership. However, members will
not be allowed to participate in discussions or actions being deliberated by the Executive Board
unless recognized by the President. A member desiring Executive Board review of a particular
subject or problem must advise the President in writing at least seven (7) days prior to the
Executive Board meeting.
Section 6 - Special Meetings & Workshops:
(a) Special Meetings: In the event of an emergency requiring prompt and immediate action by
the Executive Board, the President, or a majority of the Executive Board may convene a
special meeting to review and resolve the matter. A report shall be made to the Membership at the
next scheduled Membership meeting.
(b) Workshops: The President, may when necessary request Executive Board Members and other
cognizant individuals to attend a workshop meeting to informally discuss specific issues or
problem areas in depth in preparation for formal actions at a regular monthly Executive Board
meeting; however workshops may not be used to circumvent actions scheduled for or normally
taken at the monthly Executive Board meetings.
Section 7 - Authority/Responsibility of the President:
(a) Serve as the Chief Executive Officer of the Club.
(b) Preside at all meetings of the Membership and the Executive Board.
(c) Have general supervision of all business affairs of the Club, subject to Executive Board
approval.
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