Milford chronicle., 1927-02-11
ARTICLE YI-Meetings

each year, at such time and place
as may be designated by the Board
of Directors, for the purpose of re-
ceiving reports of officers and COM
mittees, electing Directors and
transacting such other business as
may be presented.
Section 2. Special meetings of the
members may be called by the Pres
ident upon the written request OF
ten (1O) or more members.
Section 3. Ten (10) per cent OF
the members shall constitute a quor-
UNI at any regular or special meet
ing of the membership. This num-
ber in addition to the Board of Di-
rectors.
Section 4. The Board Of Direc-
tors shall meet regularly on the
first Monday of each month, but
may hold special meetings at the
call of the President, or at the writ
ten request of three members OF
the Board.
Section 5. Each membership in
the Chamber of Commerce shall en-
title the holder to one vote, except
that no individual, firm or corpora
ton holding plural memberships
may cast more than ten (1O) per
cent of the total number of votes
cast at any meeting.
ARTICLE VII-COmmitteeS
Section l. The majority of the
members of any committee of the
Chamber of Commerce shall cOnsti-
tute a quorum at any meeting.
Section 2. Reports of special
committees of any division shall be
made to the Managing Committee OF
that division; and final reports OF
committees shall be made to the
Board of Directors through the
Chairman of that division, and SO
far as practicable such reports shall
be in writing, and filed with the
Secretary of the organization for
presentation and action by the
Board.
Section 5. The Chairman of any
Section, at his discretion, may ap-
point such committees as he may
deem necessary for the conduct OF
the business of the Section.
ARTICLE VIII-FundS
Section /. The receipts from mem
bers' due and from any other source
when the disposition thereof is moi
| specifically designated, shall con
stitute a general fund of the organ
ization, from which all fixed charges
for the maintenance and conduct oi
the organization, and other expenses
regularly incurred by the Cham
Der of Commerce in the prosecution
1 of its work shall be paid.
Section 2. Prior to the last meet
inc of the Board of Directors II
each calendar year a Finance Com
mittee shall prepare and submit tC
the Board at said meeting its rec
concentrations for a budget, show
ing the estimated income and OK
penditures for the ensuing year anC
] it shall be the duty of the Board ot
Directors to consider the said rec
concentrations and TO set up bud
get for the control Of such ,Xpendi-
lures.
Section 3. In the Boarl Of Di-
rectors shall be vested the power tc
create in any department of the or
ganiZation a special fund which
shall be subscribed and collected IL
a manner to be prescribed by the
Board. Any special fund thus ere
ated shall be used exclusively fol
the department and for The purpose
for which it was created.
Section l. The BOarG OF Dlrec-
tors may at its discretion transfer
money from the general tuna TO any
special fund when it is evident that
such transfer will not impair the
general fund, and my surplus FUND
in any special fund remaining, af-
fer the work for which it was Gre
ated is finally completed, may be
transferred to the general fund un-
less otherwise provided when the
fund was created.
ARTICLE IX-Amendments
Section l. These bylaws may be
amended at any regular meeting oil
the Board of Directors, provided no
tice of the intention of Offering such
amendments shall have been given
in writing to each member OF the
Board of Directors at least thirty
800 days before any regular or spe-
, cial meeting of the Board.
/ Respectfully submitted.
GUY L. HILL, Chairman
G. T. REED
r. P. DAVIS