The name of the organization is WOMEN IN BUSINESS NETWORK. The organization shall have an office located at 520A SPRUCE ST., MOUNT SHASTA, California, 96067 and at such other places as shall be designated by the board of directors from time to time by resolution. The organization has not been formed for the making of any profit, or personal financial gain. The assets and income of the organization shall not be distributable to, or benefit the trustees, directors, or officers or other individuals. The assets and income shall only be used to promote corporate purposes as described below. Nothing contained herein, however, shall be deemed to prohibit the payment of reasonable compensation to employees and independent contractors for services provided for the benefit of the organization. The organization is organized exclusively for charitable and educational purposes. This organization shall not carry on any other activities not permitted to be carried on by an organization exempt from federal income tax. The organization shall not participate in any political campaign in any manner. The organization shall not attempt to influence legislation. The organization is organized exclusively for charitable and educational purposes.
Section 1. Monthly Membership Meeting. A monthly meeting shall be held once each month for the purpose of networking, education and mentoring. The monthly meeting shall be held at a designated time and place.
Section 2. Special Meetings. Special meetings maybe requested by the President or the Board of Directors.
Section 3. Notice. Written notice of all meetings shall be provided under this section or as otherwise required by law. The Notice shall state the place, date, and hour of meeting, and if for a special meeting, the purpose of the meeting. Such notice shall be announced on the blog and e- mailed to all members.
Section 4. Place of Meeting. Meetings shall be held at the organization’s principal place of business unless otherwise stated in the notice.
Section 5. Quorum. A majority of the directors shall constitute a quorum at a meeting. In the absence of a quorum, a majority of the directors may adjourn the meeting to another time without further notice. If a quorum is represented at an adjourned meeting, any business may be transacted that might have been transacted at the meeting as originally scheduled. The directors present at a meeting represented by a quorum may continue to transact business until adjournment, even if the withdrawal of some directors results in representation of less than a quorum.
Section 1. Number of Directors. The organization shall be managed by a Board of Directors consisting of (7) seven directors (4) four Officers and (3) Directors at large.
Section 2. Election and Term of Office. The directors shall be elected at the annual meeting.
Each director shall serve a term of 2 years, or until a successor has been elected and qualified.
Section 3. Quorum. A majority of directors shall constitute a quorum.
Section 4. Adverse Interest. In the determination of a quorum of the directors, or in voting, the adverse interest of a director shall not disqualify the director or invalidate her vote.
Section 5. Organizational Meeting of Board. The Board of Directors shall meet immediately after the election for the purpose of electing its new officers, appointing new committee chairpersons and for transacting such other business as may be deemed appropriate.
Section 6. Regular Meeting. The Board of Directors shall have regular meetings every month, the schedule of which shall be established at the annual meeting, to accomplish the business of the organization. Notice of such meetings shall be announced on the blog and e-mailed to all members.
Section 7. Special Meeting. Special meetings may be requested by the President. Minutes of the meeting shall be sent to the Board of Directors within two weeks after the meeting.
Section 8. Procedures. The vote of a majority of the directors present at a properly called meeting at which a quorum is present shall be the act of the Board of Directors, unless the vote of a greater number is required by law or by these by-laws for a particular resolution. A director of the organization who is present at a meeting of the Board of Directors at which action on any organization matter is taken shall be presumed to have assented to the action taken unless their dissent shall be entered in the minutes of the meeting. The Board shall keep written minutes of its proceedings in its permanent records.
Section 9. Emergency Action. Should action be required when it is not possible to assemble the Board of Directors in a properly called meeting or when the Executive committee explicitly cannot assume the powers of the full board, written or oral approval of the proposed action by a board majority may be obtained in a poll of the entire Board of Directors authorized by the President or majority of the Executive committee. Any action so taken shall be recorded in the minutes of the next properly called board meeting.
Section 10. Informal Action. Any action required to be taken at a meeting of directors, or any action which may be taken at a meeting of directors or of a committee of directors, may be taken without a meeting if a consent in writing setting forth the action so taken, is signed by all of the directors or all of the members of the committee of directors, as the case may be.
Section 11. Removal / Vacancies. A director shall be subject to removal, with or without cause, at a meeting called for that purpose. Any vacancy that occurs on the Board of Directors, whether by death, resignation, removal or any other cause, may be filled by the remaining directors. A director elected to fill a vacancy shall serve the remaining term of his or her predecessor, or until a successor has been elected and qualified.
Section 12. Standing Committees. The President shall appoint the chairpersons of all committees from the membership of the organization with the approval of the Board of Directors. All committee appointments shall terminate upon the election of a new President, unless specifically determined otherwise. All committees shall function within the guidelines and budgets established by the Board of Directors.
Section 13. Executive Committee. The Executive Committee shall be composed of the officers of the organization, as specified herein, and shall have the full authority to undertake the duties and powers of the board except as these by-laws specifically state otherwise. All actions of the Executive Committee shall be reported to the board at its next meeting.
Section 14. Ad Hoc Committees. The President may establish ad hoc committees at any time.
All ad hoc committees are subject to the same rules and operating procedures as standing committees.
Section 15. Budgets. The Board of Directors shall approve the annual budget of the organization during the first quarter of each calendar year upon recommendation of the Executive Committee.
Section 16. Personnel Responsibilities. The Board of Directors may recruit and discharge directors and/or members of Committees of the organization and may prescribe their duties. The board shall discharge its duties with respect to organizational matters without regard to age, sex, race, color, creed, sexual orientation, or the national origin of any person.
Section 17. Records. Every Director shall have the absolute right at any reasonable time to inspect and copy all records and documents of every kind.
Section 18. Compensation. No board member or officer of or any member of a committee shall receive at any time any of the net earnings or profit from the operations of the organization.
However, this shall not prevent the payment to any such person of reasonable compensation for services rendered to or for the organization. Such compensation shall be fixed by the Board of Directors from time to time.
Section 1. Number of Officers. The officers of the organization shall be a President, one or more Vice-Presidents (as determined by the Board of Directors), a Secretary, and a Treasurer and three Directors at large. Two or more offices may be held by one person in the absence of a Director
a. President. The President shall be the chief executive officer and shall preside at
all meetings of the Board of Directors and its Executive Committee.
b. Vice President. The Vice President shall perform the duties of the President in
the absence of the President and shall assist that office in the discharge of its leadership duties.
c. Secretary. The Secretary shall give notice of all meetings of the Board of
Directors and Executive Committee, shall keep an accurate list of the directors, and shall have the authority to certify any records, or copies of records, as the official records of the organization. The Secretary shall maintain the minutes of the Board of Directors’ meetings, of all membership and special meetings.
d. Treasurer. The Treasurer shall be responsible for conducting the financial
affairs of the organization as directed and authorized by the Board of Directors and Executive Committee, and shall make reports of corporate finances as required, but no less often than at each meeting of the Board of Directors and Executive Committee.
Section 2. Term of Office. The officers shall be elected every two years by the Board of Directors. Each officer shall serve a two year term or until a successor has been elected and qualified.
Section 3. Elections. The nominating committee, a standing committee of the organization, shall nominate, at least thirty (30) days prior to the annual meeting, a slate of qualified candidates for the director position whose terms are to expire or are vacant, and its slate of candidates shall be included with the notice of the annual meeting. Following the report of the nominating committee at
the meeting, any director of the organization may nominate other candidates for the available director positions, provided that the nominees agree to serve if elected. At the conclusion of nominations, the Board of Directors shall vote for each position by secret written ballot.
Section 4. Removal or Vacancy. The Board of Directors shall have the power to remove an officer, director or agent of the organization. Any vacancy that occurs for any reason may be filled by the Board of Directors.
CORPORATE SEAL, EXECUTION OF INSTRUMENTS
The organization shall not have a corporate seal. All instruments that are executed on behalf of the organization which are acknowledged and which affect an interest in real estate shall be executed by the President or any Vice-President and the Secretary or Treasurer. Notwithstanding the preceding provisions of this section, any written instrument may be executed by any officer(s), director or agent(s) that are specifically designated by resolution of the Board of Directors.
AMENDMENT TO BYLAWS
The bylaws may be amended, altered, or repealed by the Board of Directors by a majority of a quorum vote at any regular or special meeting. The text of the proposed change shall be distributed to all board members at least ten (10) days before the meeting.
Any director or officer who is involved in litigation by reason of his or her position as a director or officer of this organization shall be indemnified and held harmless by the organization to the fullest extent authorized by law as it now exists or may subsequently be amended (but, in the case of any such amendment, only to the extent that such amendment permits the organization to provide broader indemnification rights).
In the event of the dissolution of the organization, the assets shall be applied and distributed as follows:
All liabilities and obligations shall be paid, satisfied and discharged, or adequate provision shall be made therefore. Assets not held upon a condition requiring return, transfer, or conveyance to any other organization or individual shall be distributed, transferred, or conveyed, in trust or otherwise, to charitable and educational organization, organized under Section 21300 of the Internal
Revenue Code of 2003, as amended, of a similar or like nature to this organization, as determined by the Board of Directors.
I certify that the foregoing is a true and correct copy of the bylaws of the above-named organization, duly adopted by the initial Board of Directors on January 31, 2011.
Matilde de Franchis-Unruh, Chairwoman/ President of the Board
Secretary of the Board