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j <br /> PROPOSED BY-LAWS FOR THE GROVELAND PARK FOUNDATION <br /> ARTICLE 1 - PURPOSE <br /> A. It shall be the purpose of the Groveland Park Foundation <br /> 11111 <br /> to raise monies through community-wide special events for park <br /> development projects as well as to increase neighborhood <br /> involvement through the sponsorship of recreation and social <br /> events. <br /> ARTICLE 2 - MEMBERSHIP <br /> A. Eligibility for membership in the Groveland Park <br /> Foundation is open to any interested individual , partnership, <br /> association , institution or government body who wishes to become <br /> involved in the Groveland Park Foundation . <br /> B. The Foundation will be managed by a nine-member voting <br /> Board of Directors to be elected at-large from the general <br /> Foundation membership. <br /> ARTICLE 3 - MEETINGS <br /> A. The regular meeting schedule or calendar will be adopted <br /> at the annual business meeting each year to be held on the third <br /> Wednesday in October. <br /> B. The quorum shall be five appointed members. <br /> C . The annual meeting shall include the following orders of <br /> • business. <br /> 1 . Election of Chairperson . Must have served at least <br /> one year on the Board of Directors. <br /> 2. Vice-chairperson , Secretary and Treasurer shall be <br /> appointed by the Chairperson . <br /> 3. Reviewal of by-laws . By-law changes , if any, shall <br /> be read and suggested at a regular Board meeting and <br /> can be voted on at the following meeting and ratified <br /> by a two-thirds majority of the Board of Directors. <br /> 4. A budget shall be prepared and submitted to the <br /> general membership prior to formal approval at the <br /> annual meeting which will include all projected <br /> revenues and expenditures. <br /> D. The Board of Directors will meet the third Wednesday of <br /> each month at the Groveland Park Shelter Building . An <br /> agenda will be prepared and distributed to each <br /> member of the Board of Directors prior to the meeting . <br /> All meeting dates must be posted 24 hours before the <br /> actual meeting . <br /> ARTICLE 4 - TERMS AND VACANCIES <br /> • A. The Groveland Park Foundation Board of Directors shall <br /> serve two year staggered terms with terms expiring at <br /> the annual board meeting each year . All appointments , <br /> both the originaland succe? .ive appointees shall hold <br /> their offices until their -essors are appointed and <br /> qualified . <br />