ARTICLE I - QUORUM
- Section 1. A quorum shall exist when three of the Executive Board and 15% of the voting members are present at a meeting.
ARTICLE II - GENERAL PROVISIONS
- Section 1. Property of equipment purchased by VVVCC with VVVCC funds shall be considered Cal-Am Property and not the property of any individual member or group of members. As Club property it will be entrusted to the custodial care of Val Vista Villages Resorts Park. In the event of VVVCC disbanding, club property shall revert to Val Vista Villages Resorts Park to be handled in a suitable manner.
- Section 2. Acquisition of any personal property or interest therein, in excess of $5,000 valuation, shall receive approval by the membership. Personal property shall be defined as any property which is movable (i.e., table, chairs, computers, software, etc.). Interest therein property shall be defined as that property which is leased or rented.
- Section 3. The fiscal year for VVVCC shall be from March through February, inclusive. All budgeting and financial accounting shall be rendered on this basis. An annual report of the results of the Audit Committee will be provided to the President and Board by the second week of March before the new Treasurer accepts the responsibility.
Signed Milton Diedrick:
Club President, 2009-2010
Date:
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