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GREEN MOUNTAIN SCENIC BYWAY - Florida Scenic Highways

GREEN MOUNTAIN SCENIC BYWAY - Florida Scenic Highways

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SECTION 6 – CORRIDOR MANAGEMENT ENTITY(b)The general purposes for which the <strong>GREEN</strong> <strong>MOUNTAIN</strong> <strong>SCENIC</strong> <strong>BYWAY</strong>COMMITTEE is formed are to operate exclusively for such charitable, educational,and promotion of social welfare purposes as will qualify it as an exemptorganization under Section 501(c)(3) and of the Internal Revenue Code of 1954,or corresponding provisions of any subsequent Federal Tax Laws.(c)The <strong>GREEN</strong> <strong>MOUNTAIN</strong> <strong>SCENIC</strong> <strong>BYWAY</strong> COMMITTEE shall not participate orintervene (by publication or distribution of any statement or otherwise) in anypolitical campaign on behalf of any candidate for public office.ARTICLE II: MEMBERSHIPThere shall be a minimum of 3 classes of membership. Additional classes of membershipmay be created by the Board of Directors at a duly noticed meeting. Each member shall beentitled to one vote.1. Regular Memberships: Regular Memberships shall consist of individual persons. Eachregular member is entitled to one vote.2. Corporate Memberships: businesses, partnerships or other organizations maybecome corporate members. Corporate members are entitled to one representativeand one vote on any issue brought before the general membership.3. Governmental and/or Agency Appointees: Lake County and the Town ofMontverde are each entitled to one representative and one vote on any issue broughtbefore the general membership. These appointees are automatically members of theBoard of Directors. They are entitled to one vote on any issue brought before theBoard of Directors.The membership of the <strong>GREEN</strong> <strong>MOUNTAIN</strong> <strong>SCENIC</strong> <strong>BYWAY</strong> COMMITTEE shall consist of theregular and corporate members, governmental appointees, and such other persons andorganizations as the Board of Directors shall determine from time to time, to admit tomembership in the <strong>GREEN</strong> <strong>MOUNTAIN</strong> <strong>SCENIC</strong> <strong>BYWAY</strong> COMMITTEE. Admission tomembership shall be based upon such terms and conditions and for such terms as theBoard of Directors shall determine.A. Transferabilitv of Membership. Membership in this <strong>GREEN</strong> <strong>MOUNTAIN</strong> <strong>SCENIC</strong> <strong>BYWAY</strong>COMMITTEE is non- transferable and non-assignable.B. Property Rights. No member shall have any vested rights, interest or privileges of, inor to the assets or franchises of the <strong>GREEN</strong> <strong>MOUNTAIN</strong> <strong>SCENIC</strong> <strong>BYWAY</strong> COMMITTEE.C. Conflict of Interest. In order to assure the fairness and reasonableness of all contractsand transactions of the organization, no member of the Board of Directors or theExecutive Committee shall vote on any contract or other business transaction in which24

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