ARTICLE I

Name

The name of this club shall be the CAROLINA DREAMERS, hereafter referred to as the "Club," and shall be a private, invitation only, non-profit organization. The normal general duties and functions of this club shall, from time to time, include distributing designated funds to worthwhile charities.

Eligibility

Persons of good standing, interested in the professional and civic progress of the Club, shall be eligible to apply for active membership. New applicants must be voted on and elected by simple majority by the membership present.

Privileges of membership shall include the use of the facilities, such as they are, and each membership shall be entitled to one vote.

Any member of the Club accused of impropriety will present him/herself before the Club for investigation. Any refusal to comply with restorative actions suggested by the Club may result in expulsion.

The membership dues of each member shall be paid annually and shall be $25.00 for family membership. This membership fee is not pro-rated at anytime during the year.

At the end of each fiscal year (December 31), the President shall appoint an appraisal committee who shall review the membership and make recommendations on dues necessary to insure an adequate financial structure for the Club.

The procedure of all meetings of the Club and its committees shall be informal.

Election of Officers

Officers will be elected annually at the Club’s Christmas function.

The official status of all standing or special committees and their officers and members shall continue until they are discharged by the President with the consent of the Club members.

A standing committee shall be appointed by the President to review and suggest possible changes to the By-Laws annually. Any such proposed change shall be approved by a majority of the membership available at two consecutive meetings. Any proposed amendments to the By-Laws shall be submitted to the By-Laws committee.

Finances

A Finance Committee shall be composed of the President and Treasurer. This committee shall have final authority over the deposits, investments and disbursements and/or properties belonging to of all moneys paid to the Club or any of its committees. This committee shall make an annual report to the Club of all moneys and/or properties, received and disbursed.

Expenditures of all membership dues, or any other source of moneys intended for the regular operation of the Club, shall be allocated to meet the operating needs of the Club under a budget prepared by the Treasurer, adopted by the Finance Committee and approved by the Club members. Such budget shall be adopted as soon as practicable after the start of each calendar year. Consideration shall be given to the budget requests made by the various committee and divisions, but the final determination shall be based on the best interests of the Club as a whole, sound fiscal policy and the anticipated income for the ensuing year. No committee, or any other group operating under such budget, may expend more than its allocated amount without approval of the members. Requested disbursements in excess of $100.00 not included in the current budget must be discussed at one regular scheduled meeting and voted on at the next regular meeting.

The members may, at any time during the fiscal year, reduce the amount originally allocated to any committee, or other group, and may assign any unexpended budget balance or any portion thereof to other committees, or group, if such action is deemed to be in the best interests of the Club.

At the end of the fiscal year, the unexpended balance in any and all budget allocations shall revert to the general fund of the Club, unless specific provisions to the contrary are made by the members.

The Treasurer shall make a report each month to the members on income and expenditures.

In order to assure order and continuity to the meetings of the Club, the following procedures will be observed at all meetings.

The meeting will be called to order by the President or the Treasurer;

Introduction of visitors;

Committee reports;

Old business;

New business;

Adjournment.