Bylaws of the Society

                        

BY-LAWS

Of The

Northern Philatelic Society, Inc.

ARTICLE I.    NAME

The name of the organization shall be The Northern Philatelic Society, Inc.,   hereafter referred to as The Society.

ARTICLE II.    PURPOSE

Section One:  The purpose of The Society  is to

(a) support and maintain the Northern Philatelic Library, hereafter referred to as The Library,

(b) to provide services to individuals, clubs, societies and organizations related to philately,

(c) to provide quality programs for the philatelic community, and

(d) to promote the hobby of stamp collecting.

Section Two:  The Society shall be an incorporated, non-profit organization.  There shall be no capital stock.

ARTICLE III.   MEMBERSHIP

Section One:  Membership shall be open to all interested persons who share a concern for the purposes of The Society.  All applications shall be approved by the Board.

Section Two:  A member of The Society automatically becomes a member of The Library with all borrowing privileges.

ARTICLE IV.   DUES

Section One:  Annual dues shall be determined by the Board.

Section Two:  Members may join at the FOUNDERS level for three thousand dollars during the year 2012.

Section Three:  Fifty percent of each member’s annual dues shall be designated to The Library.

ARTICLE V.   GOVERNANCE

Section One:  The Officers of The Society shall be a President, Vice- President, Secretary and Treasurer.  The governing body of The Society shall also include a Managing Director and an unspecified number of Board members.

Section Two:    Duties of Officers.

    a. The President shall preside at meetings and shall represent The Society at all official functions.

    b. The Vice-President shall, in the absence of the President, fulfill the duties of the President, and all other duties as designated by the Board.

    c. The Secretary shall record, maintain, and distribute minutes of all meetings of The Society.

    d. The Treasurer shall maintain all revenues of The Society, disburse expenditures as designated by the Board, and maintain an accurate and current roll of members.

Section Three:   The Managing Director shall be appointed by the Board and be an ex-officio member of the Board.   His/her duty shall be to operate and represent The Society on a day-to-day basis.

Section Four:   The chief officer of The Library shall be an ex-officio member of the Board.

Section Five.  The make-up of the Board shall be decided by the officers of The Society.

Section Six:  Officers shall serve until they choose to resign, or are asked to leave by the Board.

ARTICLE VI.    MEETINGS

Section One:  There shall be no regularly scheduled general meetings of The Society.  Any member of The Society may attend a Board meeting.

Section Two:  The Board shall meet at least twice annually.

Section Three:  Additional meetings of the Board shall be called at the discretion of the officers

ARTICLE VII.     VOTING

Section One:  Only designated members of the Board may vote at Board meetings.

ARTICLE VIII.     AMENDMENTS TO BY-LAWS

Section One:   These by-laws may be amended at any time by a majority vote of the Board.

 

ADOPTED by the Organizing Committee

November 12, 2011.