ARTICLE I. Name. This club shall be known as the Lake Granby Yacht Club.

ARTICLE II. Purpose. The purpose of the Club shall be to encourage the sport of boating in general, to encourage sportsmanlike competition, and to conduct related social activities, all for the benefit of membership.

ARTICLE III. Organization. The Club is an unincorporated not for profit organization.

ARTICLE IV. Membership.The membership of the Club shall consist of “Active”, “Social”, and “Honorary” members.

A. Active Memberships – owners and their immediate families who have a boat on the lake.

B. Social Memberships – members who do not have a boat on the water in a given year.

C. Honorary Memberships shall be those granted to individuals who, by virtue of their service to LGYC, have earned the gratitude of the Club. Honorary Memberships shall be awarded by a majority vote of members present at a general meeting.

D. Only Active Members shall have the right to vote and to hold elective office.

E. Each Active Membership shall be entitled to one vote to be cast by a member of the immediate family.

ARTICLE IV. Dues and Assessments.

A. Annual dues for Active Members shall be $50.00.

B. Annual dues for Social Members shall be $25.00.

C. Honorary Members shall be exempt from dues.

D. Dues become payable January 1 and are collected at the Hardwater meeting.

E. Assessments may be levied on the Active Membership by the affirmative vote of two-thirds of the Active Members present at a General meeting. Proposed assessments must be presented to the Active Membership in the newsletter prior to the meeting.

F. No refund will be made on dues or assessments for any reason.

G. Any members who is in arrears in the payment of annual dues or assessments shall be subject to forfeiture of all membership rights in the Club. The decision on the forfeiture of membership rights shall be made by a majority vote of the Executive Committee.

H. Members who are 2 years in arrears on their membership dues will be dropped from the Club’s membership rolls and mailing lists.

ARTICLE V. Officers.

A. The elective officers of the Club shall consist of the following:

1. Commodore

2. Vice-Commodore

3. Secretary

4. Treasurer

B. Succession of authority shall be Commodore, Vice-Commodore, Secretary, and Treasurer.

C.  Volunteer positions appointed by the Commodore are:  Race Chairman, Webmaster, Junior Sailing Director, and other positions deemed necessary by the Commodore.

ARTICLE VI. Election and Removal of Officers.

A. The election of officers shall be by a majority vote of the Active Members present at the yearly general meeting, and officers shall assume their duties at the close of the meeting.

B. The past Club Commodore shall be the chairman of the Nominating Committee.

C. The Nominating Committee shall present a slate of officers at the yearly general meeting. Nominations will also be accepted from the floor.

D. Commodore and Vice Commodore shall not hold such office for more than two consecutive terms. Secretary and Treasurer may hold office for unlimited terms. Vacancies to fill an unexpired term shall be filled by a majority vote of the Active Members present at a general meeting.

E. Removal of any officer may be accomplished by the affirmative vote of two-thirds of the Active Membership. This vote must be cast by means of a signed petition submitted to the Executive Committee. The Executive Committee shall confirm the validity of the petition and report its findings to the Active Membership.

ARTICLE VII. Duties of Officers.

A. The Commodore may call and shall preside at all meetings of the Club, and shall appoint and remove all committees which he may deem necessary for the management of the Club and its activities. He shall be an ex-officio member of all committees. He shall notify all members of Club meetings and events through e-mails and electronic media.

B. The Vice-Commodore shall assist the Commodore in the discharge of his duties. He shall assume the responsibilities of the Commodore when the Commodore is absent, and shall be in charge of entertainment at Club meetings.

C. The Secretary shall:

1. Keep a correct role of the Club membership.

2. Conduct all correspondence of the Club.

3. Record the minutes of all meetings of the Club and Executive Committee.

D. The Treasurer shall:

1. Maintain the Club treasury, keeping records of all money received and expended.

2. Present a report of the financial status of the Club at each general meeting.

3. Collect dues and assessments.

4. Establish and maintain the Club bank account.

5. Expend funds as authorized by the membership or the Executive Committee.

6. Authorize expenditures of less than $500.00. Any expenditures in excess of $500.00 shall be authorized by any three members of the Executive Committee.

7.  File a tax return for the club each year with the IRS.

8.  Purchase necessary permits from the Forest Service.

ARTICLE VIII. Executive Committee.

A. The Executive Committee shall consist of the current elective officers of the Club.

B. The Executive Committee shall hold meetings as called by the Commodore or by a majority of the Committee.

C. The Executive Committee shall advise the Commodore on matters pertaining to the management and welfare of the Club. Any three members of the Committee shall have the authority to expend Club funds. All such expenditures shall be reported to the Club membership at the next general meeting.

D. The Executive Committee shall establish such standing or ad hoc committees as it deems necessary to conduct Club functions.

E. The Executive Committee may propose an increase in dues, subject to a ratifying vote by the attending members at the yearly general meeting.

ARTICLE IX.General Provisions.

A. General meetings of the Active membership shall be held as called by the Commodore or an Active Club member. The yearly general meeting shall be held after January 1.

B. Policy votes shall be determined by a majority of the Active members present at a General meeting.

C. Members will be responsible for the proper safeguarding of their boats and equipment, and at no time will the Lake Granby Yacht Club be responsible for loss or damage.

D. Members and their guests will be responsible for their personal safety while engaging in Club activities and while using Club equipment and facilities; in no event will the Lake Granby Yacht Club assume such responsibility.

E. All property, equipment and facilities owned by the Club shall, in the event of the dissolution of the Club, become the joint property of the Active membership and shall be divided as fairly as determined by the Executive Committee.

F. These Bylaws shall be ratified by the affirmative vote of two-thirds of the Active Membership of the Club.

G. Amendments to the Bylaws shall be adopted by the affirmative vote of two-thirds of the Active Membership present at a General meeting. Proposed amendments shall be presented to the Active Membership in advance of the meeting.

As Amended and Ratified by vote of the Active Membership on April 23, 2016.