| ARTICLE I: |
NAME OF THE CORPORATION |
1.01
|
Name of the Corporation |
|
The name of the corporation shall be
AMERICAN MARINELIFE DEALERS ASSOCIATION (AMDA) |
| ARTICLE
II |
MISSION STATEMENT, OFFICES AND FISCAL YEAR |
2.01
|
Purpose of the Corporation |
|
The purpose of the
American Marinelife Dealers Association is to promote environmentally responsible marine
aquarium keeping as an entertaining educational and worthwhile leisure time activity. To
create educational programs such as skills recognition tests, a marinelife husbandry
database, newsletters and an AMDA web site to educate marinelife professionals as well as
the marine aquarium hobbyist. The Corporation is nonprofit and does not issue stock. |
2.02
|
Register Office The registered office of the
corporation in the State of Colorado shall be at: 3167 Forrest Way, Grand Junction, CO
81504, until otherwise established by a vote of a majority of the Board of Directors in
office (the "Board"), and a statement of such change is filed in the Department
of State, or until changed by an appropriate amendment of the articles of the corporation. |
2.03
|
Other Offices The corporation may also have
offices at such other places within or without the United States of America as the Board
may from time to time appoint or the business of the corporation requires. |
2.04
|
Fiscal Year The fiscal year of the corporation
shall begin on the first day of January in each year. |
2.05
|
Corporate Seal The Corporation shall have a
corporate seal in the form of a circle containing the name of the corporation, the year of
incorporation and such other details as may be approved by the Board. The Secretary or
Treasurer of the Corporation shall keep the Corporate Seal. |
| ARTICLE III: |
DIRECTORS |
3.01
|
Powers The Board shall have full power to
conduct, manage, and direct the business and affairs of the corporation, and all powers of
the Corporation are hereby granted to and vested in the Board. |
3.02
|
Qualification and
Selection Each director of
the Corporation shall be a member in good standing of the organization, and a natural
person of full age. In the case of vacancies, new directors shall be selected by the
Board. |
3.03
|
**Number and Term of
Office The Board
shall consist of a maximum of nine directors. The majority of the Board may declare up to
four director positions to be vacant at any one time as may be determined from time to
time. Each director shall hold office for two (2) years and until his/her successor shall
have been elected and qualified, or until his/her death, resignation, or removal. Each
Director's term shall begin at the close of an annual general organizational meeting held
pursuant to Article VI, Section 6.02 every two years. |
3.04
|
Resignations Any director of the Corporation may
resign at any time by giving written notice to the President or the Secretary of the
Corporation. Such resignation shall take effect at the date of the receipt of such notice
or at any later time specified therein and, unless otherwise specified therein, the
acceptance of such resignation shall not be necessary to make it effective. |
3.05
|
Vacancies The Board may declare vacant to
office of the President if he/she is declared of unsound mind by an order of any court,
convicted of a felony, commits a fraudulent act, misappropriates funds, or for any other
proper cause, or if within thirty (30) days after notice of his/her selection, he/she does
not accept such office either in writing, or by attending a meeting of the board, or by
oral acceptance at the general meeting. |
3.06
|
Interested Directors No contract or transaction between
the Corporation and one of its members or directors, officers or between the Corporation
and any other corporation, partnership, association or other organization in which one or
more of its directors or officers are directors or officers, or have a financial interest,
shall be void or voidable solely for such reason, or solely because the director or
officer is present at, or participates in, the meeting of the Board which authorizes the
contracts or transaction, or solely because his/her/their votes are counted for purpose
if: |
|
- The material facts as to the relationship or
interest and as to the contract or transaction are disclosed or are known to the Board and
the Board in good faith authorizes the contract or transaction by the affirmative votes of
the majority of the disinterested directors, even though the disinterested directors are
less than a quorum; or
- The contract or transaction is fair to the
Corporation as of the time it is authorized, approved or ratified by the Board. Common or
interested Directors may be counted in determining the presence of a quorum at a meeting
of the Board which authorizes a contract or transaction specified in this section.
|
3.07
|
Fees There is no compensation for acting
as a Director or Officer or being on a committee. This section does not prohibit the
Board from compensating a Director, Officer or committee person for his/her speaker's fee
and travel expenses if so authorized by the Board, nor is the board prohibited from
compensating a director or committee person for out of pocket expenses which are incurred
on behalf of the corporation with authorization. This section is not to restrict the Board
in funding any authorized financial business of the Corporation. |
3.08
|
Limitations and
Indemnification of Personal Liability of Directors A Director of the corporation shall not be personally
liable, and thereby indemnified, for any monetary damages as such for any action taken, or
any failure to take action when acting on behalf of the Corporation, unless:
- The Director has breached or failed to perform the
duties of his/her office.
- The breach or failure to perform constitutes
self-dealing, willful misconduct or recklessness.
|
| ARTICLE IV: |
OFFICERS |
4.01
|
Number, Qualification
and Designation The
Officers of the corporation shall be a President, Vice President, Secretary, Treasurer,
the preceding President and such other officers as my be elected in accordance with the
provisions of Section 4.03 of this Article. An officer may not hold more than two
positions concerning the offices of President, Vice President, Secretary or Treasurer. The
President, Vice President, and Secretary shall be natural persons of full age; the
treasurer may be a corporation, but if a natural person shall be of full age. The officers
are the Directors of the board; therefore the sections of Article III are incorporated
into this Article. |
4.02
|
Election and Term of
Office The Officers of the
Corporation, except those elected by delegated authority pursuant to Section 4.03 of the
Article, shall be elected every two (2) years by the members of the corporation. Each such
officer shall hold two years by the members of the Corporation. Each such officer shall
hold his/her office until the next annual general organizational meeting of the Board and
until his/her successor has been elected and qualified or until his/her death,
resignation, or removal. |
4.03
|
Subordinate Officers,
Committees and Agents The
Board may from time to time elect such other Officers and appoint such committees,
employees or other agents as the business of the corporation my require, including one or
more assistant secretaries and one or more assistant treasurers, each of whom shall hold
office for such period, have such authority and perform such duties as are provided in
these by-laws, or as the Board may from time to time determine. The Board may delegate to
any such officer or committee the power to appoint subordinate officers and to retain or
appoint employees, other agents, or committees, and to prescribe the authority and duties
of such subordinate officers, committees, employees and agents. |
4.04
|
Removal Any officer, committee, employee or
other agent of the Corporation may be removed, either for or without cause, by the Board
or other authority which elected, retained or appointed such officer, committee or other
agent, whenever, in the judgment of such authority, the best interests of the Corporation
will be served thereby, but such removal shall be without prejudice to the contract rights
of any person so removed. Should any officer or director be absent from three (3)
consecutive regular meetings of the Board they shall be removed without notice. |
4.05
|
Vacancies A Vacancy in any office because of
death, resignation, removal, disqualification or any other cause shall be filled by the
Board, by the disqualification or any other cause shall be filled by the board, by the
officer or committee to which the power to fill such office has been delegated pursuant to
Section 4.03 of the Article, as the case may be, and if the office is one for which these
by-laws prescribe a term, shall be filled for the remaining portion of the term. |
4.06
|
General Powers All officers of the Corporation, as
between themselves and the Corporation, shall respectively have such authority and perform
such duties in the management of the property and affairs of the Corporation as may be
determined by the Board. |
4.07
|
The President The president shall be the Chief
Executive officer of the corporation and shall have general supervision over the
activities and operations of the Corporation subject, however, to the control of the
Board. The president is chairman of the board and spokesperson of the corporation. The
President shall sign, execute and acknowledge, in the name of the Corporation, deeds,
mortgages, bonds, contracts or other instruments authorized by the board except in cases
where the signing and execution thereof shall be expressly delegated by the Board or by
these by-laws to some other officer or agent of the corporation and, in general shall
perform all duties incident to the office of president, and such other duties as from time
to time may be assigned to him/her by the Board. |
4.08
|
The Vice President The vice president shall perform the
duties of the president in his/her absence and such other duties, as may from time to
time, are assigned to him/her by the board for the president. The vice president is vice
chairman of the board. |
4.09
|
The Secretary The secretary or assistant secretary
shall attend all meetings of the Board and shall record all the votes of the directors and
minutes of the meetings of the Board and of committees of the Board in a book or books to
be kept for that purpose; shall see that notices are given and records and reports
properly kept and filed by the corporation as required by law; shall be custodian of the
seal of the corporation and see that it is affixed to all documents to be executed on
behalf of the Corporation under its seal/ and in general, shall perform all duties
incident to the office of secretary and such other duties as may from time to time be
assigned to him/her by the Board or the president. The secretary shall prepare an agenda
for the president prior to meetings. |
4.10
|
The Treasurer The treasurer or an assistant
treasurer shall have or provide for the custody of funds or other property of the
corporation and shall keep a separate bank account of the same to his/her credit as
treasurer; shall collect and receive or provide for the collection and receipt of moneys
earned by or in any manner due to or received by the corporation; and shall deposit all
funds in his/her custody as treasurer in such banks or other places of deposit as the
Board may from time to time designate; shall, whenever so required by the board, render an
account showing his/her transactions as treasurer, and the financial condition of the
corporation; and, in general, shall discharge such other duties as my from time to time be
assigned to him/her by the Board, or the president. The treasurer shall prepare an annual
report of the corporation, including all financial records, which shall be presented to
the Board for inspection and approval.
Said report is to be open for
inspection by all members at the general meeting. Any member can request a reasonable
current update of the corporation's finances if said request is made in writing to the
treasurer and allows the treasurer thirty (30) days to respond. The member is to pay for
any expense occurred in obtaining said report that they so requested. The treasurer is to
obtain the co-signature of the president for all checks over the amount of $ 500.00. |
4.11
|
Signatures All checks, notes, bills of exchange
or other orders in writing, shall be signed by such person or persons as the Board my from
time to time designate. Any check over the amount of $500.00 must be co-signed by the
president or as authorized by the Board. If the treasurer is unavailable for any reason
the Board may designate an assistant treasurer to sign checks, under the board's
authorization. |
4.12
|
Deposits All funds of the corporation shall
be deposited from time to time to the credit of the corporation in such banks, trust
companies, or other depositories as the Board may approve or designate and all such funds
shall be withdrawn only upon checks signed by the Treasurer or other persons designated as
the Board shall from time to time determine or as stated in these by-laws. |
4.13
|
Salaries The officers shall not receive
salaries. The provisions of Section 2.07 of Article II incorporated in this section to
their full power and allowances. |
4.14
|
Contracts Except as otherwise provided in
these by-laws, the board may authorize any officer or officers, agent or agents, to enter
into any contract or to execute or deliver any instrument on behalf of the corporation,
and such authority may be general or confined to specific instances. |
| ARTICLE V: |
MEMBERSHIP, DUES |
5.01
|
Membership Members are any bona fide marine
livestock collector, wholesaler, retailer, maintenance service company or manufacturer
whose substantial income is derived directly from the marine aquarium industry who, upon
application for membership, and payment of annual dues, are approved and listed as members
by the Board. Membership dues are to be determined by the Board. |
5.02
|
An
individual person or persons, are the member and are "doing business as" a
company or corporation. Therefore a member who may sell his/or her business during the
active membership period, may retain his/or her membership on an individual basis, if so
desired, until such time as his/or her membership has expired.
The person or persons who
purchase or become legally responsible for the member's business and/or operation must
make application to the American Marinelife Dealers Association to become a member. |
5.03
|
Dues Membership is not active until payment is received in full.
Dues shall be due annually at the beginning of each calendar year. |
5.04
|
Regional
Directors
Each director may be assigned a
geographical region within the United States, which may be determined by a majority vote
of the Board of Directors. Each member will have one regional director. Each Director may
be assigned various duties to include, but not limited to, communications with the
membership within the Regional Director's geographical location. Directors are to be
elected by the membership according to AMDA's by-laws. |
5.05
|
Duties of Directors The
primary function of a Director is that of a liaison. He/she is the primary communication
link between the membership and the Board of Directors. The duties include, but are not
limited to:
- The issuing and grading of the AMDA Marinelife
Knowledge Skills Assessment Test.
- The director will contact his or her constituents
to request ideas and opinions to be conveyed to the Board. The Director will keep his/her
membership informed of events going on in the organization and the industry.
- Directors are to expedite through proper AMDA
channels any and all consumer complaints issued against any and all members regarding the
mistreatment of marine life or other unethical business practices.
- Directors are to assist the Treasurer in the
notification and collection of past due dues of their regional members.
- An email address and Internet access is required
for any member to become a Director.
- A director must make a sincere attempt to attend
the annual, general membership meeting. Every member is to be represented by a Director.
In the event that a Director is unable to attend the annual meeting, due to business or
financial hardship, the Board must be notified two (2) months prior to the scheduled
meeting.
- Directors are responsible to report issues and
questions that arise from the Regular Board meeting, to their regional membership. This
may be accomplished via E-mail, regular mail or telephone calls. The response(s) of the
member(s) must be duly recorded and reported to the Board at the next regular meeting.
|
5.06
|
Powers Each officer and director of the corporation, who are
members in good standing, will have one vote on each item brought before them at the
general meeting. Said vote may be done in writing. A quorum for the transaction of
business at the general meeting shall be 20% of the total of officers and directors, who
are present in person or by proxy, or 10 delegates, whichever is lower. |
| ARTICLE VI: |
MEETINGS |
6.01
|
Organization The President shall preside at every
meeting of the Board. In the event of a vacancy in the office or absence of the president,
the vice president or secretary shall preside at the meeting. In the absence of the
secretary, any person appointed by the chairman of the meeting shall act as secretary. |
6.02
|
Regular Meetings Regular meetings shall be held at such time and place as
may be designated by the Board. If the date fixed for any such regular meeting is a legal
holiday under the laws of the State where the meeting is held, then the same shall be held
on the next succeeding business day, or at such other time as may be determined by the
Board. At such meetings, the Board shall transact such business as may properly be brought
before the meeting. Notice of regular meetings need not be given. |
6.03
|
Annual General Meeting The Board must hold a general meeting annually which is
open to all members of the corporation via their delegates. Notice of said meeting is to
be mailed to known members in good standing by the secretary of the Board one-month before
the meeting |
6.04
|
Annual Reports of the
Board at General Meeting The
Board shall direct the president and treasurer to present at the annual general meeting of
the corporation, a report showing in appropriate detail the following:
The assets and liabilities,
including the trust funds, of the corporation as of the end of the fiscal year immediately
preceding the date of the report and the last three quarters of the fiscal year if the
annual general meeting falls within the last quarter of the fiscal year.
The principal changes in assets
and liabilities including trust funds, during the year immediately proceeding the date of
the report.
The revenue or receipt of the
corporation, both unrestricted and restricted to particular purposes, for the year
immediately preceding the date of the report, including separate data with respect to each
trust fund held by or for the corporation.
The expenses or disbursements
of the corporation, for both general and restricted purposes, during the year immediately
preceding the date of the report, including separate data with respect to each trust fund
held by the corporation. The annual report of the Board shall be filed with the minutes of
the annual general meeting.
|
6.05
|
Special Meetings Special meetings of the Board shall
be held whenever called by the president or by two or more of the directors. Notice of
each such meeting shall be given to each director by telephone, email or in writing at
leasttwenty-four hours, by telephone, or forty-eight hours by telegram or email, or five
days by mail, before the time at which the meeting is to be held. Every such notice shall
state the time and place of the meeting. |
6.06
|
Quorum, Manner of
Acting and Adjournment A majority of the
directors in office shall be present at each meeting in order to constitute a quorum for
the transaction of business. Every director shall be entitled to one vote. The acts of a
majority of the directors present at a meeting at which a quorum is present shall be the
acts of the Board. In the absence of a quorum, a majority of the directors present and
voting may adjourn the meeting until a quorum is present. The directors shall act only as
a board and the individual directors shall have no power as such. |
6.07
|
Conference Telephone
and Computer Meetings One or more persons
may participate in a meeting of the Board or of a committee of the Board by means of
conference telephone or similar communications equipment by means of which all persons
participating in the meeting can hear each other. The Board or a committee may conduct
business via a computer network system if all parties on the Board or committee have
access to said network. |
| ARTICLE VII: |
NOTICES, WAIVERS of NOTICE |
7.01
|
Notice, Waiver of
Notice Whenever written notice is require d
to be given to any person or organization under the provisions of the articles in these
by-laws, it may be given to such person or organization either personally or by sending a
copy thereof by first class mail, telegram, or email. An organization may designate a
person to receive such notice, including the address and method by which the notice is to
be sent and this information shall be forwarded to the secretary of the corporation.
Failure to provide this information shall constitute waiver of notice. Attendance of a
person at any meeting shall constitute a waiver of notice of such meeting. |
7.02
|
Amendment Proposal
Contained in Notice Whenever the language
of a proposed resolution is included in the notice of a meeting, the meeting considering
the resolution may, without further notice, adopt it with such clarifying or other
amendments as do not enlarge its original purpose. |
| ARTICLE VIII: |
COMMITTEES |
8.01
|
Establishing Committees The Board may establish one or more
committees, each committee to consist of one or more directors of the corporation.
Committees shall act at the direction of the Board. |
8.02
|
Recording Proceedings Each committee shall keep minutes of its proceedings and
report such proceedings periodically to the Board. |
| ARTICLE IX: |
AMENDMENT OF BY-LAWS |
|
These by-laws shall be
amended or repealed or new by-laws may be adopted, by vote of the majority of the voting
members of the corporation at any general or special meeting. Such changes shall be made
by two-thirds (2/3) of the votes cast. Such proposed amendment, repeal or new by-law, or a
summary thereof, shall be set forth in any notice of such meeting, whether general or
special. If said meeting is special then the notice requirement to the members must
conform to the requirements of the general meeting. Any amendment, repeal or new by-law
shall be filed with the appropriate governmental authority as required by law. If a
proposed change in the by-laws is not sent out in advance with the official notice of said
meeting, it may still be considered by the attendees, however in order to pass, it must be
approved by a vote equal to two-thirds (2/3) of the total number of directors and officers
entitled to vote, even if not present, or by a unanimous vote of those present, whichever
is lower. |
| ARTICLE X: |
DISSOLUTION |
10.1
|
Dissolution In the event that the corporation is dissolved or
liquidated, all of the assets and property remaining after all debts, obligations and
expenses have been paid may be distributed to organizations that are themselves non-profit
and thereby tax-exempt. This shall be determined by the organization's final board of
directors. |