2006 Membership Directory - Ultrasonic Industry Association

ULTRASONIC INDUSTRY ASSOCIATIONPage 25BylawsSec. 8. DELEGATION OF FUNCTIONAt the discretion of the Board of Directors, the duties ofthe Secretary and Treasurer may be delegated in wholeor in part to a management organization or individualwho is not a member of, or an officer or employee of anymember of the Association. The selection, compensation,and term of office of such management organizationor individual shall be determined by the Board ofDirectors.Sec. 9. SURRENDER OF RECORDSOn ceasing to hold office, the Secretary and Treasureror such management organization or individualperforming the duties of Secretary and Treasurer, shallsurrender to his successor when qualified, or to suchother person as shall be designated by the Board of Directors,all monies, assets, books, papers, and otherproperty of the Association under his/her control.Sec. 10. VACANCIESVacancies in any elective office may be filled by theBoard of Directors at any meeting.ARTICLE VIII Nominating CommitteeSec. 1. The President shall appoint a Nominating Committeeto present nominations for the Annual Election ofmembers of the Board of Directors.Sec. 2. Upon acceptance by the Board of Directors ofthe slate presented by the Nominating Committee, thevoting members of the Association will be asked to approvethe proposed Officers and Directors.Sec. 3. Approval will be either at the Annual Meeting ofthe Association or by letter ballot.Sec. 4 The opportunity to submit additional nominationsshall be given to the Membership, at the Annual Meeting.Space shall be provided for write-in candidates onthe ballot form covering election of Directors and Officersif by mail vote.ARTICLE IX Association CommitteesSec. 1. Immediately following its election, or at suchother times as it may deem appropriate, the Board ofDirectors shall appoint such standing and special committeesof the Association as, in its opinion, are advisableor necessary to carry on the work of the Association,and shall define the scope and responsibility ofeach committee.Sec. 2. The members of all Association committees shallserve for one (1) year or until the appointment of theirsuccessors.Sec. 3. Association committees shall act under the directionof, and make periodic reports to the Board ofDirectors.ARTICLE X Fiscal YearSec. 1. The fiscal year of the Association shall begin onthe first (1st) day of January in each year and end on thethirtyfirst (31st) day of the following December.ARTICLE XIAssetsSec. 1. No member or officer shall have any individualright, title or interest in any particular funds, reserves,or other assets of the Association. In disbursing anyfunds of the Association, it shall be deemed that the earliestfunds collected are the earliest funds disbursed.Sec. 2. Any interest in the funds, reserves, and otherassets of the Association of each member whose membershipshall terminate for any reason except throughdissolution of the Association, shall immediately cease,and such member shall have no claim with respect tosuch interest against the other members.Sec. 3. No distribution of assets (other than upon dissolutionof the Association) shall be made to any members.Upon the dissolution of the Association, the fundsreserves, and other assets of the Association shall, afterpayment of all just debts and liabilities, be divided andrefunded, without interest, to the members of the Associationon the date of dissolution, in proportion to theamount of dues and contributions paid by such membersduring the five (5) fiscal years immediately precedingthe fiscal year in which such dissolution takesplace; provided however that no member duringhis/her period of membership, and such excessamounts should be distributed to organizations selectedby the Association which are organized and operatedexclusively for charitable, scientific, literary, or educationalpurposes, no part of the net earnings of whichinsure to the benefit of any private shareholder or individual,and no substantial part of the activities of whichis carrying on propaganda or otherwise attempting toinfluence legislation.