Track News
11/4/2009
Unlike previous years; We will not be holding general elections for the Board of Directors. The reason for this is because we are now a Corporate Board of Directors that has enacted a set of ByLaws in compliance with the IRS standards for establishing a Non- Profit Organization.
The ByLaws read as follows:
ARTICLE V
OFFICERS
5.01
Number. The officers of the corporation shall be appointed by the board at the annual meeting. The officers shall be a President, a Vice President, a Secretary, a Treasurer, a Track Director, a Clerk of the Course, and such other officers as the board deems appropriate. The president shall be a voting member of the board but only in instances where the president’s vote is required to break a tie. Two or more offices may be held by the same person, but such person shall not execute, acknowledge, or verify an instrument in more than one capacity if the instrument is required by law or by the president or by the board to be executed, acknowledged, or verified by two or more officers.
Number. The officers of the corporation shall be appointed by the board at the annual meeting. The officers shall be a President, a Vice President, a Secretary, a Treasurer, a Track Director, a Clerk of the Course, and such other officers as the board deems appropriate. The president shall be a voting member of the board but only in instances where the president’s vote is required to break a tie. Two or more offices may be held by the same person, but such person shall not execute, acknowledge, or verify an instrument in more than one capacity if the instrument is required by law or by the president or by the board to be executed, acknowledged, or verified by two or more officers.5.02Term of Office. Each officer shall hold office for the term appointed and until a successor is appointed and qualified. An officer may resign at any time by providing written notice to the corporation. Notice of resignation is effective on receipt or at a later time designated in the notice.
Term of Office. Each officer shall hold office for the term appointed and until a successor is appointed and qualified. An officer may resign at any time by providing written notice to the corporation. Notice of resignation is effective on receipt or at a later time designated in the notice.5.03Removal. An officer appointed by the board may be removed with or without cause by vote of a majority of the board. The removal shall be without prejudice to the person’s contract rights, if any. Appointment to an office does not of itself create contract rights.
Removal. An officer appointed by the board may be removed with or without cause by vote of a majority of the board. The removal shall be without prejudice to the person’s contract rights, if any. Appointment to an office does not of itself create contract rights.5.04Vacancies. A vacancy in any office for any reason may be filled by the board.
Vacancies. A vacancy in any office for any reason may be filled by the board.