Bylaws OF CENTRAL OHIO FLYERS ASSOCIATION [COFA INC]
(Revised December 2018)
ARTICLE I - PURPOSE
The purpose of this corporation (hereinafter called the
"Club") shall be to provide aircraft for the non-commercial enjoyment of
club members, and to perform any and all acts which are lawful under the
laws of the State of Ohio.
ARTICLE II - MEMBERSHIP
A. Qualification, Eligibility, and Initial Investment for
Applicants for membership must be of good moral character,
responsible, and financially able to meet their obligations to the Club.
They must possess or have the ability to procure all licenses,
certificates or permits required by any Governmental agency for the
operation of aircraft. Applicants must complete an application and
submit an Initial Investment plus a Processing Fee as set forth in
Appendix A. Acceptance of membership shall
be obtained only through the approval of the majority of the Board of
Trustees. Should acceptance be denied, all monies, except the processing
fee, shall be returned.
B. Ownership of Assets
B1. Member Share. Each member shall be deemed to own an equal
share of the Equity ( assets minus liabilities ) of the Club.
B2. Dissolution Valuation. In the event of the dissolution of
COFA inc., the trustees are empowered to dispose of all assets,
liquidate all COFA inc. debt, return current members initial investment
as well as any of their subsequent investment in the form of monthly
assessments. The trustees will then distribute any remaining funds
equally to all eligible active members, inactive members and suspended
B3. Member Equity Value. The Member Equity Value is calculated
by taking the end of month Balance Sheet Equity (Total Assets minus
Total Liabilities) divided by the total of the ACTIVE, INACTIVE, and
SUSPENDED Members' shares.
C. Classes of Membership
C1. An ACTIVE MEMBER is one who is required to pay all dues,
assessments, or other charges levied against such member on a monthly
basis. Members of this class shall be entitled to operate all aircraft
owned and/or leased by the Club provided such member is qualified to
operate such aircraft and meets the minimum requirements as stipulated
by the Club's insurance provider. A member must be an active member for
12 calendar months prior to COFA's dissolution in order to receive any
asset distribution other than his/her initial investment. When an Active
Member sponsors one or more Family Members, the sponsoring Active Member
is entirely responsible for all the financial obligations due the Club
by said Family Member(s).
C2. An INACTIVE MEMBER is an Active Member who has been put on
inactive status. Requests for inactive status shall be made to the Club
President or Treasurer, in writing or by E-mail. Inactive membership
status shall become effective on the first day of the month following
receipt of such a notification. An inactive member shall not be required
to pay monthly dues. He/She shall pay any and all assessments that other
members are required to pay. The assessments may be accumulated and paid
at time of return to active member status. All inactive members will be
billed in January for accumulated assessments. Should the total amount
of the accumulated assessments equal the amount due if the member should
resign, the inactive member will be considered as a resignee. An
Inactive Member shall not have flying privileges, and normally will not
be covered by any flight insurance policies of the Club. For an Active
Member who requests inactive status, said member must remain on inactive
status for a minimum period as set forth in
Appendix A, unless otherwise permitted by
the Board of Trustees.
As an inactive member, one cannot serve as an Officer or Trustee.
An inactive member may receive email notifications of group social functions and can attend, wherever they occur.
As for any COFA business related member meetings or trustee meetings, inactive members may attend.
However, they are not permitted to contribute to the discussions, express an opinion, offer any input, or vote at such COFA meetings.
Inactive members may continue to receive emails and to email the group membership through the COFA group email.
They may continue to receive email posts and COFA announcements through the COFA group email.
They are not allowed access to the COFA airplane scheduling, nor access to the COFA airplanes,
nor access to the COFA hangers unless they are accompanied by an active COFA member.
Inactive members will temporarily surrender all keys and access cards in their possession concerning COFA property to the President or Treasurer,
during the period they remain inactive. An inactive member may not perform ground-based taxi operations,
nor serve as pilot-in-command under any circumstances other than for an emergency while flying with an active COFA member.
COFA will not maintain the inactive member’s flight insurance while the member remains inactive.
An inactive member can only receive his initial investment, subject to the assessment provisions contained within these By-Laws,
if said inactive member was inactive within 36 months of COFA’s dissolution.
C3. A FAMILY MEMBER is a spouse of an Active Member, or an
immediate dependent of an Active Member under the age of twenty-four
(24) living in the same household. Acceptance of a Family Member shall
be obtained only through the approval of the majority of the Board of
Trustees. Each family member shall remain a member of COFA only for so
long as his or her sponsoring member remains an Active Member. Each
Family Member shall be afforded the same insurance coverage as provided
to their sponsoring Active Member. A Family Member is subject to the
same rules and regulations as their sponsoring Active Member. Upon
submitting the Family Member application, the sponsoring Active Member
shall include an Initial Investment as set forth in
Appendix A. In addition, each sponsoring
Active Member shall pay a Yearly Fee, as set forth in
Appendix A, for each Family Member they
sponsor. As each Family Member is derivative of a sponsoring Active
Member, they are not entitled to vote, not to be provided COFA notices
in their own right, and they shall schedule their aircraft under their
sponsoring Active Member. Family Members are not subject to any benefits
or distribution upon dissolution, resignation or suspension of
membership. The sponsoring Active Member is wholly responsible for any
charges incurred by the Family Member.
C4. A SUSPENDED MEMBER is an Active Member or Family Member
who has been temporarily denied, by action of the Board of Trustees, the
privilege of flying or reserving any Club aircraft. During the period of
such suspension, the member shall be responsible for the payment of any
and all normal monthly charges. The period of suspension shall be
limited to no more than sixty (60) days. At the end of sixty days the
Board of Trustees shall be required to take further action or the member
shall automatically regain Active Member status.
D. Authorized Number of Active Members
The number of Active Members shall be limited to insure
availability of aircraft. The maximum number shall be established by the
Board of Trustees, as set forth in
E. Waiting Lists
When the Authorized Number of Active Members has been reached,
two Waiting Lists shall be established and maintained by the Treasurer..
E1. Inactive Member Waiting List: When an Inactive Member
wishes to return to Active Member status, they must so indicate their
desire, in writing or E-mail, to the Treasurer. Upon receipt of this
written notice, the Treasure shall determine the date and time of
receipt of the request, and thereby place the member's name, in the
order received, on the Inactive Member Waiting List. This member may not
be placed on the Inactive Member Waiting List if they are in a
delinquent status on any monies owed the Club.
E2. Prospective Member Waiting List: For a prospective member
to have their name placed on the Prospective Member Waiting List, they
must complete an application as set forth in Appendix B, then submit
that application to the Treasurer. The application must be accompanied
with a non-refundable Processing Fee as set forth in
Appendix A (Article II, Section A). Upon
receipt of the application, the Treasurer shall determine the date and
time of receipt of the application, and thereby place the prospective
member's name on the Prospective Member Waiting List. Should the
Prospective Member wish to withdraw their name from the Prospective
Member Waiting List, they must so indicate, in writing or E-mail, to the
Treasurer. Upon receipt of such a request, the Prospective Member's name
will be removed.
E3. Waiting List Selection Process: When an opening for an
Active Member becomes available, the Treasurer shall begin with the
Inactive Member Waiting List, in the order of requests received. Should
there be no member's name on the Inactive Member Waiting List, or should
all member's on this list decline filling the vacancy, the Prospective
Member Waiting List will then be consulted, beginning with names in the
order received. Notification, either verbally or in writing, or E-Mail,
shall be accomplished by either the President or Treasurer. If the
prospective member declines to fill the vacancy, their name shall be
placed on the bottom of the Prospective Member Waiting List, and the
next prospective member will be notified. When a prospective member
indicates that they wish to fill the vacancy, they will have up to seven
(7) days of being so notified in which to get their Initial Investment
(Article II, Section A) to the Treasurer. Should they fail to do so,
their name will be placed at the bottom of the list, and the process
E4. Waiting list publication: At any time, any member of COFA
shall be provided a copy of the current Waiting Lists upon request.
F. Termination of Membership
F1. Voluntary Termination: Members may voluntary terminate
membership by notifying the Club President or Treasurer in writing. Said
termination shall become effective on the last day of the month in which
the notice is received.
F2. Involuntary Termination: The Board of Trustees may
terminate any membership by affirmative vote of not less than five
Trustees. Such termination shall take effect immediately upon written
notice to the member with an explanation of the basis for termination.
The terminated member shall return aircraft keys and Club property
forthwith. Trustees have sole discretion in determining the basis for
termination. Reasons for termination may include, but are not limited
to, the following: 1) repeated safety violations, 2) placing a Club
aircraft in physical danger due to negligence, 3) causing damage to a
club aircraft that is ruled by the proper governmental aviation
authorities to be caused by pilot error, 4) allowing non members to act
as Pilot in Command of Club aircraft (except for Certified Flight
Instructors), 5) financial irresponsibility, defined as writing two or
more checks in a calendar year that are returned for insufficient funds,
6) conviction on any criminal offense, 7)conviction for any DUI/DWI
vehicular offense. Members may not be terminated without just cause nor
may they be terminated for disagreeing with any decisions of Club
F3. Notification of Termination: When a member is terminated
for any reason, whether it be voluntary or involuntary, the general
membership shall be informed of such termination by a notice on COFANET
or other Club web site and through a notice in the next Club billing
statement. This notice shall also include the revised number of Club
members after the termination.
G. Notice of Member Address Change: Members shall notify the
Treasurer of any address change. Until such notification is received,
all notices mailed to members as required by these Regulations shall be
considered as properly served if mailed to the same address as to which
the member's monthly bill is sent.
H. Refund of Initial Investment to Terminated Members
H1. Dissatisfaction or Change-of-Mind Refund: Any new member,
having changed their mind or having become dissatisfied, and resigning
within a time period as set forth in
Appendix A, shall be entitled to a refund
as set forth in
Appendix A, minus any unpaid obligations
due the club.
H2. Probationary Period Refund: If, within the probationary
time period as set forth in
Appendix A, the Board of Trustees by a
majority vote elects to terminate a member, that member shall receive a
percentage, as set forth in
Appendix A, of their Initial Investment,
minus any unpaid obligations due the club.
H3. Hardship Refund: Any new member experiencing an unexpected
event within a time period as set forth in
Appendix A, that creates an extreme
hardship in their remaining a member (e.g., unexpected job transfer,
loss of airman medical certificate), will have a portion of their
Initial Investment, minus any unpaid obligations due the club, refunded,
as set forth in
Appendix A, upon written resignation. The
resigning member must show proof of the hardship immediately upon
becoming aware that the hardship exist. The Board of Trustees shall, in
their sole discretion, determine the validity of the timeliness and
cause of resignation.
H4. Normal Refund: At the conclusion of a time period as set
Appendix A, following the termination date
of a member, the Club shall, as determined by the Board of Trustees,
refund to the terminated member that portion of their Initial Investment
as set forth in
Appendix A, minus any unpaid obligations
due the club. The Board of Trustees shall have authority to pay the
refund in installments, or delay the payment of the same for a
reasonable period of time. Should a member be indebted or obligated to
the Club at the time of termination of membership, the amount thereof
shall be withheld by the Board of Trustees from the amount of the
ARTICLE III - MEETINGS, ELECTIONS, CHANGES TO BylawS
A. Annual General Membership Meeting
An annual meeting of Members for the nomination and election
of Trustees shall be held during the month of November at the time and
place specified in the notice of said meeting as hereinafter
B. Notice of General Membership Meetings
Written, E-Mail or verbal notice stating the time and place of
the annual meeting or of a special meeting shall be given to every
Member either by phone, personal delivery or by mail not less than three
nor more than 30 days before the date of the meeting. If mailed, said
notice shall be addressed to the member at the same address to which
their monthly bill is sent.
C. Calling of Special General Membership Meetings
Meetings of members may be called by any of the following: (1)
The President, or in case of the President's absence, death, or
disability, the Vice President. (2) The Trustees by action at a meeting,
or a majority of the Trustees acting without a meeting. (3) Twenty-five
percent of the Members.
D. Quorum-Voting at General Membership Meetings.
The Members at a meeting shall constitute a quorum for such
meeting but no action required by these regulations to be taken by a
specified number of members may be taken by a lesser proportion or
number. The affirmative vote of the majority of the Members at a meeting
shall be sufficient for the authorization or taking of any action. Each
Member is entitled to one vote.
E. Voting via Proxy at General Membership Meetings.
There shall be no voting by proxy. Voting shall be
accomplished by members in writing or in person. Each member is allowed
one vote. Absentee voting shall be done in writing.
F. Trustee Meetings.
The Trustees shall meet during the month of January in each
year for the purposes of...
1. Completely reviewing all the variables in
Appendix A and making any necessary
2. Selecting/appointing Officers of the Club.
3. Determining short-range and long-range goals for the Club,
and publishing such in
Special meetings of the trustees may be called by the
President, Vice President, or any two (2) Trustees. A majority of the
whole authorized number of Trustees is necessary to constitute a quorum
except that a majority of the Trustees in office constitute a quorum for
filling a vacancy in the Board. An affirmative vote by a majority of the
Trustees present at a meeting at which a quorum is present shall be
sufficient to take action.
G. Action Without Meeting
Any action which may be taken at a meeting of the Trustees,
may be taken without a meeting, upon the unanimous vote of a majority of
the trustees. Said vote may be taken by phone, electronic mail, or other
manner of communication, and entered into the records of the Club and
published on COFANET or other Club website within one week of the
H. Amendment of Bylaws
These Bylaws may be repealed or amended only by a two-thirds
majority vote of the Members. Such action shall be taken at a General
Membership Meeting. Any MEMBER may propose amendments. Proposed
amendments are to be submitted, in writing, to any Trustee to be read
into the minutes of the next Trustee Meeting or General Membership
meeting. Proposed amendments must be read into the minutes of two
consective meetings (Trustee or General Membership), at least two weeks
apart, the last meeting at least three weeks prior to a General
Membership meeting at which the amendment will be voted on.
I. Amendment of Appendices
All Appendices to these Bylaws shall be reviewed and, if
necessary, amended by the Board of Trustees annually during the Board of
Trustees meeting held in January of each year, and at other times as
Appendix A shall contain a listing of all
values, numbers, and/or amounts as specifically referred to within these
Regulations by the phrase "...as set forth in
Appendix A." Changes to
Appendix A shall be voted upon by the Board
of Trustees, with a majority vote required for the change(s) to take
place. Whenever any change is made to
Appendix A, an updated copy of the entire
Appendix A, with the effective, as well as
the date of the superseded
Appendix A, shall be available to all
the members, with the change highlighted. Whether or not any
changes are made to
Appendix A during the required review at
the January Board of Trustees meeting, a copy of
Appendix A shall be available to all the
Minutes of all Trustee Meetings or General Membership Meetings
shall be published on COFANET or other Club Web site within one week of
ARTICLE IV - TRUSTEES
A. Number and Election
All corporate powers, except those Actions Reserved for the
General Membership, in Article IX, shall be exercised by or under
authority of, and the business and affairs of the Club shall be vested
in a Board of seven (7) Trustees, three of whom shall be the President,
Vice-President, and the Past-President. The president and Vice President
will be elected at a general membership meeting held in November of each
year. They will serve in their elected position for one (1) year
beginning on January 1st of year following their successful election to
office. Following the president's year of service, he/she will serve as
Past President for one year. There are to be four (4) other elected
trustees who will each serve a two (2) year term. Two trustees will be
elected at the Nov. general membership meeting. Nominations for any of
the elected positions may be made at, or before, the general membership
meeting in November. Nominations made prior to the general membership
must be in writing and sent to the attention of the current
The office of Trustee shall become vacant upon the Trustee's
death, incapacity, expulsion, resignation, or upon acceptance of the
Trustee's request for "Inactive Member" status. A resignation shall take
effect immediately or at such other time thereafter as the Trustee may
specify. Any Trustee may be removed from office by a "no confidence"
vote of a two-thirds majority vote of Members. An affirmative "no
confidence" vote shall require an immediate nomination and vote by the
membership to elect a new trustee to fill the vacated position for the
C. Filling Vacancies
The remaining Trustees, although less than a majority of the
whole authorized number of Trustees, may, by the vote of a majority of
their number, fill any vacancy in the Board for the unexpired
D. Compensation of Trustees
The Trustees shall serve, as trustees, without
ARTICLE V - OFFICERS
A. Club Officers
The Officers of this Club shall be the President, Vice
President, Secretary, Treasurer, Chief Financial Officer, Chief
Maintenance Officer, and Safety Officer The Trustees may appoint
committees or individuals as necessary for Club operations. Such
appointees may be asked to assist in scheduling, recruiting, program
development, Web site updating, newsletter editing, or assist as
airplane captains, etc. All appointees will be listed in
B. Selection of Officers
The Secretary, Treasurer, Chief Financial Officer, Chief
Maintenance Officer, and Safety Officer shall be chosen by the Board of
Trustees at its meeting held in January.
C. Duration of Appointment
Unless otherwise noted, each Officer shall hold office until a
successor is selected or until such officer shall resign from that
office or be removed. The Trustees shall, within thirty (30) days after
any office becomes vacant, elect a successor who shall hold office for
the unexpired term and until a successor is elected. Committee members'
or appointees' terms will expire with the term of the Vice
D. Removal of Officers
Any Officer may be removed by the Trustees with or without
cause by an affirmative vote of five (5) Trustees at any meeting of the
E. Compensation of Officers
Compensation of Officers shall be established by the Trustees,
with remuneration as set forth in
Appendix A. Appointees serve without
compensation except a newletter editor will receive a per issue fee as
set forth in
F. Duties of Officers
F1. President - The President shall be the chief executive
officer of the Club and shall exercise general supervision over the
property, affairs and business of the Club. He shall preside at meetings
of membership and of the Board of Trustees. He shall perform such other
duties as from time to time may be assigned by these regulations or by
the Trustees. The President shall serve for a one year term commencing
on the first day of January following the year of his/her election. The
President will serve an additional year a Past President Trustee.
F2. Vice President - The Vice President, in the absence or
disability of the President, shall perform the duties of the President
and shall be vested with the powers of the President. The Vice President
shall serve for a term of one calendar year commencing on the first day
of January following the year of his or her election.
F3. Secretary - The Secretary shall keep the minutes of the
meetings of the membership and of the Board of Trustees and record said
minutes in a book provided for that purpose and publish the minutes on
COFANET or other Club website. The Secretary shall also perform such
other duties and have such other powers as may from time to time be
assigned by these regulations, by the Board of Trustees, or by the
F4. Treasurer - The Treasurer shall perform all the billing
and collections for the member's monthly statements, shall have custody
of the Club's funds, shall keep an accurate account of receipts and
disbursements, and shall track required insurance data that must be kept
up-to-date by members (e.g. medical certificate duration, flight review
endorsements, aircraft checkout endorsements). Said Treasurer shall
cause monies to be deposited in the name of the Club in such depository
as may be designated by the Trustees and to perform such other duties
and have such other powers as may from time to time be assigned by these
regulations, by the Board of Trustees, or by the President.
F5. Chief Financial Officer - The Chief Financial Officer
shall oversee the Treasurer and along with the Vice President and a 2nd
year Trustee review COFA books once a year, (said review to be preformed
in January) reporting back to the President and the Board of Trustees
the results of said review. The Chief Financial Officer, Treasurer, and
President shall be responsible for gathering and putting together tax
forms to be filed and submitted. The CFO shall insure that financial
statements are prepared and published via COFANET or other Club website
at least every other month. Statements will include a Profit & Loss
statement, a Balance Sheet, and a statement of Cash Flows. The CFO will
insure the statements are prepared on a consistent basis from period to
period. Published financial statements will provide the basis for the
Member Equity Value.
F6. Chief Maintenance Officer - The Chief Maintenance Officer
shall a) Arrange for the proper maintenance of all aircraft and
equipment in the corporation; b) Be responsible for keeping proper and
current engine logs, aircraft logs, operations limitations, and all
similar documents with respect to the aircraft and equipment of the
corporation; c) Be responsible for obtaining and keeping current all
registrations, airworthiness certificates, aircraft licenses, and
equipment licenses with respect to aircraft and equipment of the
corporation, and d) Make a report on the maintenance and conditions of
the aircraft at each meeting.
F7. Safety Officer - The Safety Officer shall accept input
from club members on safety related club issues and pass them on to the
President and/or Board of Trustees for action. The Safety Officer shall
also keep watch for any club related safety problems and pass along
occasional safety reminders to the membership. The Safety Officer shall
arrange for a presentation on current and relevant safety topics at club
ARTICLE VI - MONTHLY CHARGES & SPECIAL PAYMENTS
A. Each Active Member shall be responsible for the monthly
payment of the following upon receipt of a statement...
A1. Dues Charges: As set forth in
Appendix A. To the extent possible, this
money shall be designated and applied toward the non-flying expenses of
running the Club.
A2. Equipment Assessment Charges: As set forth in
Appendix A, This money shall be designated
and applied to the extent possible, for the safety, reliability and/or
utility of club aircraft.
A3. Prepaid Dry-Time Charges: Effective January 1, 2003, the
accumulation of new Prepaid Dry-Time is eliminated.
A4. Aircraft Usage Charges: As set forth in
Appendix A. These "Dry-Time" charges shall
be based upon Tachometer Hour usage of the aircraft as flown by the
member during the previous monthly billing cycle. These charges shall
relate to all aircraft costs except fuel.
A5. Fuel Usage Charges: Charges for aviation fuel consumed
during the previous month based upon the Aircraft Usage tachometer time,
the monthly cost-per-gallon fuel price as set forth in
Appendix A, and the fuel consumption rate
as set forth in
Appendix A. A fuel purchase rebate program,
as set forth in
Appendix A, may be applied toward
A6. Miscellaneous Charges: Charges for pre-heats, overnight
heated hangar storage, or other non-repetitive charges which are billed
to COFA at the members request.
A7. Late Payment Fee Charges: AA carrying charge, as set forth
Appendix A, will be added to any
outstanding balance of the last unpaid bill for those bills not paid by
the end of the month the bill was received.
A8. "Non Sufficient Funds" Charges: Any check returned to the
Treasurer as "NON SUFFICIENT FUNDS" will be assessed a service charge as
set forth in
B. Delinquent Bills: Any Active Member not paying his/her
monthly bill and going delinquent for a period as set forth in
Appendix A, or having an unpaid balance
greater than an amount as set forth in
Appendix A, will have their aircraft
reservation capability restricted as set forth in
Appendix A, and may be placed on Inactive
ARTICLE VII - INSURANCE, INSURANCE REQUIREMENTS, ETC.
A. Hull insurance coverage
The Club shall, at all times, carry aircraft damage insurance
for the fair market value of each aircraft as specified in
Appendix A. The deductible, as specified in
Appendix A, shall be paid by the member if
the accident was caused, as determined by the Board of Trustees, by
B. Bodily Injury & Property Damage insurance coverage
The Club shall, at all times, carry Bodily Injury and Property
Damage Liability insurance with minimums as specified in
C. Member Responsibility for Damage to Aircraft
The member, acting as pilot-in-command, shall be responsible
for the safe operation of the aircraft. If there is lack of agreement as
to who is responsible for the aircraft when damage occurs, the Trustees,
by majority vote, shall determine responsibility. In the event of damage
to the aircraft caused by the negligence of the member, such member
shall be liable for the damage sustained and shall be assessed the
uninsured, non reimbursable cost of repair or replacement. If any repair
charges, exceeding a cost as specified in
Appendix A, are needed while the aircraft
is away from home base, the member shall contact the Chief Maintenance
Officer and/or one of the Trustee's before having the aircraft
D. Use of COFA Aircraft by non-members.
Use of COFA aircraft by non-members, except as provided by
special endorsement of the insurance underwriter and approved by the
Board of Trustees, is strictly prohibited.
E. Flight Instruction of non-members in COFA Aircraft.
Members of COFA who are instructors shall NOT provide
instruction to non-members in COFA aircraft.
F. Commercial Use of COFA Aircraft.
Use of COFA aircraft for commercial purposes is strictly
forbidden (i.e. flying for hire), as there would be no insurance
coverage. However, a member of COFA who is a Certified Flight Instructor
may give instruction to, and receive compensation from, a fellow member,
for the instruction given.
G. Flight Review, Medical Certificate, and Checkride data.
Members are required to provide to the Treasurer, copies of
their check ride endorsements, copies of their most recent Medical
Certificate, copies of their most recent Flight Review endorsements
(i.e. BFR), as well as copies of any other flight related information
the Trustees deem necessary. Members who do not have a current FAA
medical certificate, or who do not have an up-to-date Flight Review
endorsement, or who have not provided copies of their check ride
endorsements, shall not operate COFA aircraft without a Certified Flight
Instructor accompanying them. Members who do not provide this data in a
timely manner, as set forth in
Appendix A, will be unable to reserve
aircraft, and may lose all future reservations, unless special
arrangements have been made with the Trustees.
H. Viewing of insurance policies.
The Club shall make available the aircraft insurance policy
for member's review, and all members shall be responsible for the
ARTICLE VIII - AIRCRAFT RESERVATION PARAMETERS
A. The Board of Trustees shall insure that all members shall
have reasonable opportunity to use club airplanes by limiting aircraft
use, as set forth in
Appendix A. This is to prevent any one
member monopolizing the same. Limitations may include scheduling
parameters on the reservation system which prohibits sequential
scheduling or a limit on the number of reservations that may be
ARTICLE IX- ACTIONS RESERVED FOR THE GENERAL MEMBERSHIP
A. Dissolution must be approved by a two-thirds majority vote
of the members. The dissolution vote is to be conducted at a General
B. Aircraft Sale or Purchase. The sale or purchase of Club
aircraft, in principle, must be approved by a two-thirds majority vote
of the Members.