BYLAWS OF COLORADO FRIENDS OF OLD TIME MUSIC AND DANCE, INC.
A Colorado Nonprofit Corporation
ARTICLE I - NAME AND PURPOSE
Section 1.1 Name
The name of this corporation is Colorado Friends of Old Time Music and Dance, Inc. (hereinafter "CFOOTMAD" or the "Corporation").
Section 1.2 Purpose
CFOOTMAD is organized exclusively for charitable, educational, and cultural purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code. The Corporation's specific purpose is to promote, preserve, and foster appreciation of traditional American music and dance, including but not limited to contra dance, English country dance, and related folk traditions.
ARTICLE II - MEMBERSHIP
Section 2.1 Classes of Membership
The Corporation shall have such classes of membership as the Board of Directors may from time to time establish. Membership is open to all persons who support the purposes of the Corporation and pay the required membership dues.
Section 2.2 Rights and Privileges
Members shall have the right to attend member meetings, participate in Corporation activities, and receive communications regarding Corporation events and initiatives. The Board of Directors may establish additional rights and privileges for different membership classes.
Section 2.3 Dues
The Board of Directors shall establish the amount and payment schedule for membership dues. Membership shall be effective upon payment of dues and shall continue for the period specified by the Board.
ARTICLE III - BOARD OF DIRECTORS
Section 3.1 General Powers
The business and affairs of the Corporation shall be managed by its Board of Directors. The Board shall have the authority to establish policies, approve budgets, and make decisions necessary for the operation of the Corporation.
Section 3.2 Number and Qualification
The Board of Directors shall consist of not less than three (3) and not more than fifteen (15) directors. Directors must be at least 18 years of age and support the mission and purposes of the Corporation.
Section 3.3 Term of Office
Directors shall serve for terms of two (2) years, with approximately half of the Board positions coming up for election or reappointment each year to ensure continuity. Directors may serve consecutive terms.
Section 3.4 Meetings
The Board of Directors shall meet regularly as determined by the Board, but not less than quarterly. Special meetings may be called by the President or by any three directors. Notice of meetings shall be provided at least seven (7) days in advance.
Section 3.5 Quorum
A majority of the directors currently in office shall constitute a quorum for the transaction of business. Acts of a majority of the directors present at a meeting at which a quorum is present shall be acts of the Board.
ARTICLE IV - OFFICERS
Section 4.1 Officers
The officers of the Corporation shall be a President, Vice President, Secretary, and Treasurer. The Board of Directors may create additional officer positions as needed.
Section 4.2 Election and Term
Officers shall be elected by the Board of Directors at the annual meeting and shall serve for one (1) year or until their successors are elected. Officers may serve consecutive terms.
Section 4.3 President
The President shall be the chief executive officer of the Corporation, shall preside at meetings of the Board of Directors, and shall have general supervision over the affairs of the Corporation.
Section 4.4 Vice President
The Vice President shall perform the duties of the President in their absence and shall assist the President in the management of the Corporation.
Section 4.5 Secretary
The Secretary shall keep minutes of all Board meetings, maintain corporate records, and provide notice of meetings as required by these bylaws.
Section 4.6 Treasurer
The Treasurer shall be responsible for the custody of all funds and securities of the Corporation, shall maintain financial records, and shall provide regular financial reports to the Board.
ARTICLE V - COMMITTEES
Section 5.1 Standing and Special Committees
The Board of Directors may establish standing or special committees as needed to carry out the work of the Corporation. Committee members need not be directors but shall be appointed by the Board.
ARTICLE VI - FINANCES
Section 6.1 Fiscal Year
The fiscal year of the Corporation shall be determined by the Board of Directors.
Section 6.2 Contracts and Financial Obligations
The Board of Directors may authorize any officer or agent to enter into contracts or execute instruments on behalf of the Corporation. Such authority may be general or confined to specific instances.
ARTICLE VII - AMENDMENTS
Section 7.1 Amendment Process
These bylaws may be amended by a two-thirds (2/3) vote of the Board of Directors at any regular or special meeting, provided that notice of the proposed amendment has been given to all directors at least fourteen (14) days prior to the meeting.
ARTICLE VIII - DISSOLUTION
Section 8.1 Distribution of Assets
Upon dissolution of the Corporation, all assets shall be distributed to one or more organizations organized and operated exclusively for charitable, educational, or cultural purposes that qualify under Section 501(c)(3) of the Internal Revenue Code, as determined by the Board of Directors.