BY-LAWS INDIAN RIVER CAPTAINS ASSOCIATION CHARTERED APRIL 21, 1995 Article 1: Names, Purpose, and Location Section1–This association shall be known as the Indian River Captains Association. Section 2–The purpose of this association shall be to represent licensed captains and charter boat owners who are members of the Indian River Captains Association. Section 3–The location shall be Indian River Inlet, North and South Shore Marinas. Section 4–This Association shall be known as: I.R.C.A. Article 2: Board of Directors Section 1–The Board of Directors shall consist of the officers of this association as given in these By-Laws, Article 3 namely: President, Vice President, Secretary, Treasurer, and 4 elected Directors. Also included as a board member is the immediate Past President. Only board members have voting privileges. Section 2–The Board of Directors shall have the power to proceed in any manner as it may, in its judgment, serve the best interest of the association. The decision of a majority of the Board of Directors on any question shall be binding. The majority vote by the Board. Section 3–In the event of a vacancy on the Board of Directors, the Board may, at its discretion, fill the vacancy from the membership at large by means of a majority vote by the Board. Article 3: Officers Section 1–The elected officers of the Club shall be a President, Vice President, Secretary, Treasurer, immediate Past President and Four Directors. Section 2–Terms of office shall be for two (2) years except for Directors who serve four (4) years. Section 3–Directors will be elected to serve a term for four (4) years. For continuously of Association business, Directors will be elected on alternate elections. Section 4–The immediate Past President will remain on the Board of Directors until succeeded. Article 4: Members and Dues Section 1–Application for membership shall be filed on the appropriate form provided by the Association and sponsored by an active member in good standing of the Association along with the appropriate dues for the current year. Application must be filed with the Treasurer or President of the Association and becomes valid with approval of Directors. Members will receive a membership card and a copy of the By-Laws. Section 2–Dues become payable at the annual spring meeting. Applications for membership received after November 1 will be applicable to the following year and shall include payment of dues for that year, including any increases. Section 3–The fees for membership dues shall be established by the Board of Directors. Article 5: Election of Officers Section 1–Prior to September 1 of each election year, the President of the Association shall appoint a nominating committee of three (3) members for the purpose of selecting candidates for the elected office positions. These candidates’ names shall be announced at the spring meeting. The President, at this time, will open the meeting to additional nominations from the floor. The Secretary will prepare a ballot containing the names of all the nominees. Section 2–Election to office shall be by ballot. The Secretary shall see that a ballot is handed out to members in good standing at the annual spring meeting of election year. Section 3–Each member shall mark his ballot, and return it to the chairperson of the nominating committee at the annual spring meeting. Section 4–The chairperson of the nominating committee shall announce the election results at the annual spring meeting, and the elected officers’ terms of office shall commence immediately. Article 6: Duties of Officers Section 1–The President shall preside at all meetings of the Association, shall appoint committees, preserve order, and may call a special meeting as needed. The President shall have the deciding vote on all questions of equal division. Section 2–The Vice President shall perform the duties of the President in the absence of the President. The Vice President will coordinate program activities for the membership meetings. Section 3–The Secretary shall keep in writing the minutes of all the meetings of the Association and the Board of Directors. The Secretary shall answer all correspondence to the Association and shall read all pertinent correspondence, as determined by the President at the next regular or special meeting. Section 4–The duties of the Treasurer shall be to receive all funds of the Association and deposit same in such bank as the Board of Directors may designate. The Treasurer shall bill and collect all dues and keep an account of same. Expenditures in excess of $200.00 will be paid upon the Board of Directors through the President. Expenditures of less than $200.00 will be handled between the President and the Treasurer and announced at the next following Board of Directors meeting. The Treasurer shall report the status of funds at all regular meetings. Article 7: Meetings Section 1–Meetings of the membership shall be held at such time and place as the President may designate. Section 2–The Association shall hold an annual spring meeting of the membership during the month of February or March. The business of the meeting shall be the installation of officers (when election year), reports of officers, and any other business as deemed appropriate by the President. Section 3–Regular meetings of the Board of Directors shall be held at such time and place as the President may designate. Section 4–A special meeting of the Board of Directors shall be held at such time and place as the President may designate. Section 5–The Secretary shall notify the Board of Directors of board meetings at least five (5) days in advance. Members shall keep the Secretary informed of their current mailing addresses. Article 8: Alterations or amendments Section 1–Any proposition to amend these By-Laws must be submitted in writing by the member or members submitting same. The proposal must be submitted to the Secretary in time to be presented at a regular or special meeting of the Association membership for consideration. Following such action the Secretary shall read the entire proposal for a second time at the next regular or special meeting, at which time a vote will be taken for a two-thirds (2/3) vote of the members present required for adoption. Section 2–Copies of new or revised By-Laws will be available to the general membership following approval. See President or Secretary/Treasurer. Article 9: Audits Section 1–The incoming President shall appoint a committee of two (2) members to conduct an audit of the preceding two (2) years’ financial accounts. Section 2–The Auditing Committee shall submit a written report at the next Board of Directors meeting following their appointment.