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2020 Penny Pouch Ceremony between Tim Effler (Outgoing President), left, and Chad Thompson (Incoming President), right . — at Georgios Cafe International on January 13, 2020.
The highlight of the officer installations is the annual Penny Pouch Ceremony between the retiring and incoming Presidents. The Penny Pouch is the traditional symbol of the the transfer of authority of the Presidency since the LCBA's founding. Contained in the Penny Pouch are pennies, and each penny has been placed by the outgoing President representing the year of his/her service.