Issues of the Quarterly Meeting 26 July 2015

The quarterly meeting of the club was held on 26 July 2015, and two Articles of the Bylaws were approved for amendment by the members present. Articles III and X of the Bylaws

were amended to change the membership fee to $40.00 for new members, and to add annual dues of $30.00 for existing members.  The rationale for these changes is that with our current yearly expenses, we need to establish consistent income to meet these expenses.

ARTICLE III - MEMBERSHIP            

A.  Member – Membership in the Association is open to all who own or have a passion for Corvettes.  NEW Membership is established when an application is submitted along with the forty dollar ($40.00) registration fee.  Existing members will be required to pay a thirty dollar ($30.00) annual fee for renewal of their membership.  New Members will be required to pay a thirty dollar ($30.00) annual fee for renewal of their membership the following year after joining the Association. A Member may hold an elected office, as well as vote in matters of Club business.  A membership shall consist of no more than two individuals.  Membership is not restricted as to gender, race, creed, age, or religion.  A Member will be classified as defined below:

ARTICLE X – MEMBERSHIP FEES

Each New Membership shall pay a new registration fee of forty dollars ($40.00) upon joining the Association and an annual renewal fee beginning the following year.  Members will be required to pay an annual renewal fee of thirty dollars ($30.00), due on January 1 of each year.  If renewal fee is not paid by March 1, a ten dollar ($10.00) late fee will be applied. If renewal fees are not paid by June 1, member will be removed from the roster and data base.  All reinstatements after June 1 will result in new membership fees.  The Board of Directors shall establish a budget to pay ongoing operating expenses of the Association.  If membership fees are deemed insufficient to cover these expenses, the Board of Directors may consider alternate means to cover expenses.  Registration and annual renewal fees are non-refundable and will not be pro-rated.

These amendments take effect immediately and dues will become payable on 1 January 2016.

We also have a new Events Director on the Board of Directors.  Ray Vaughn resigned due to workload and time, and Bill Olszewski volunteered for the job. He was unanimously voted in by the Board of Directors.

Ken Ille

President

Vets with Vettes and Corvette Owners Association