SRV Minutes
Meeting held at night of shipping.
Members in attendance: Larry,
Bruce and Ryan were contacted by phone about items discussed and they are in agreement. Jon was not available. Brad wants to be a member and participate in the buy in. He was contacted by phone and was favorable with the items discussed.
After discussion, it was agreed that the club should own all the assets used by the club.
The club will purchase the following from Steve and
Trailer $1000
12 Crates $600
Plastic pegboard $144
Benzing Club Unit $450
The club will purchase the following from
Hoist & chain $250
The club will purchase the following from Steve:
Printer $200
The club will purchase the following from Bruce, Larry, and Brad:
Carrier & Crates $500
Members who can not pay their share all at once may have up to two years to pay their share in full. At least ¼ will be due at the beginning of each young bird and old bird season. If payments are not received on time, they will loose their vested interest.
At this time, it is understood that the following wish to purchase shares:
Larry, Bruce,
Not participating: Junior & disabled (not participating) Jon and Ryan. Also Brad.
As a condition of the above, a constitutional amendment shall be passed as follows:
ARTICLE 10
DISBANDMENT
SECTION
2.--CLUB MEMBERS WILL HAVE CLAIM TO CLUB ASSETS TO BE DISPOSED OF ONLY IF THEY
MEET ONE OF THE FOLLOWING REQUIREMENTS: A. ACTIVE MEMBERS, WHO BOUGHT AN INITIAL
EQUAL SHARE IN THE PURCHASE OF ASSETS IN 2007. B. ACTIVE MEMBERS WHO HAVE
JOINED SINCE THE 2007 PURCHASE, WHO HAVE FLOWN AT LEAST FIVE OLD BIRD SERIES
AND FIVE YOUNG BIRD SERIES WITH THE SRV CLUB. JUNIOR AND DISABLED MEMBERS WILL
HAVE NO CLAIM TO CLUB ASSETS. C. A NEW MEMBER MAY ALSO BUY AN EQUAL SHARE,
BYPASSING THE FIVE YEAR RULE, BY PAYING $600 UP FRONT. (article
10 section 2 added