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ARTICLE I
Members
The corporation shall have no members
ARTICLE II
Board of Directors
Section 1. Powers and Number. The Board of Directors shall have
general power to control and manage the affairs and property of the Corporation
in accordance with the purposes and limitations set forth in the Certificate of
Incorporation. The number of Directors constituting the entire Board after the
first annual meeting of the Board of Directors shall be not greater than seven
(7), but in no event shall the entire Board consist of less than three (3)
Directors. Each Director shall be at least eighteen (18) years of age.
Section 2. Election and Term of Office. The initial directors shall be
the persons named in the Certificate of Incorporation. The Directors shall hold
office for one-year terms, and shall serve until the first annual meeting of the
Board of Directors; provided, however, that any Director elected to fill an
unexpired term (whether resulting from the death, resignation or removal or
created by an increase in the number of Directors) shall hold office until the
next election of Directors. Directors may be elected to any number of
consecutive terms. To become a Director, a person shall be nominated by a then
existing Director and elected by a majority of the Board.
Section 3. Removal. Any Director may be removed at any time for cause
by a majority vote of the entire Board at any special meeting of the Board
called for that purpose, provided that at least one week’s notice of the
proposed action shall have been given to the entire Board of Directors then in
office. A Director who misses three consecutive meetings shall be automatically
removed, but may be reinstated by a vote of a majority of the entire Board for
good cause shown.
Section 4. Resignation. Any Directors may resign from office at any
time. Such resignation shall be made in writing, and shall take effect at the
time specified therein, and if no time be specified, at the time of its receipt
by the Corporation or its Chairperson. The acceptance of a resignation by the
Board of Directors shall not be necessary to make it effective, but no
resignations shall discharge any accrued obligation or duty of a Director.
Section 5. Vacancies and Newly Created Directorship. Any newly created
directorships and any vacancies on the Board of Directors arising at any time
and from any cause may be filled at any meeting of the Board of Directors by a
majority of the Directors then in office, regardless of their number, and the
Directors so elected shall serve until the next annual meeting.
Section 6. Meetings. Meetings by the Board may be held at any place
within or without the State of Oregon as the Board may from time to time fix, or
as shall be specified in the notice or waivers of notice thereof. The annual
meeting of the Board shall be held in October of each year at a time and place
fixed by the Board. Other regular meetings of the Board shall be held no less
than 3 times during the year. Special meetings of the Board shall be held
whenever called by a majority of the Board of Directors, the Chairperson of the
Board, or the Executive Director, in each case at such time and place as shall
be fixed by the person or persons calling the meeting.
Section 7. Notice of Meetings. Notice of the time and place of each
regular or special meeting of the Board, together with a written agenda stating
all matters upon which action is proposed to be taken and, to the extent
possible, copies of all documents on which action is proposed to be taken, shall
be mailed to each Director, postage prepaid, addressed to him or her at his or
her residence or usual place of business (or at such other address as he or she
may have designated in a written request filed with the Secretary), or by
electronic mail, at least seven days before the day on which the meeting is to
be held, when practicable; provided, however, that notice of special meetings to
discuss matters requiring prompt action may be sent to him or her at such
address by telegram or cablegram or given personally or by telephone, no less
than forty-eight hours before the time at which such meeting is to be held, when
practicable, unless the meeting must be held within forty-eight hours. Notice of
a meeting need not be given to any Director who submits a signed waiver of
notice whether before or after the meeting, or who attends the meeting without
protesting, prior thereto or at its commencement, the lack of notice to him or
her. No notice need be given of any adjourned meeting.
Section 8. Quorum and Voting. Unless greater proportion is required by
law, a majority of the entire Board shall constitute a quorum for the
transaction of business or of any specified item of business. Except as
otherwise provided by statute or by these bylaws, the vote of a majority of the
Directors present at the time of the vote, if a quorum is present at such time,
shall be the act of the Board. If at any meeting of the Board there shall be
less than a quorum present, the Directors present may adjourn the meeting until
a quorum is obtained.
Section 9. Action by the Board. Any action required or permitted to be
taken by the Board or by any committee thereof may be taken without a meeting if
all members of the Board or the committee consent in writing to the adoption of
a resolution authorizing the action. The resolution and the written consents
thereto by the members of the Board or committee shall be filed with the minutes
of the proceedings of the Board or committee. Any one or more members of the
Board or any committee thereof may participate in a meeting of the Board or
committee by means of a conference telephone or similar communications equipment
by means of which all persons participating in the meeting can hear each other
at the same time. Participation by such means shall constitute presence in
person at a meeting.
Section 10. Compensation. Any Director of the Corporation is
authorized to receive a reasonable salary or other reasonable compensation for
services rendered to the Corporation when authorized by two-thirds of the Board
of Directors and only when so authorized.. No more than 49% of the Board of
Directors may receive salary. Other remuneration of Directors will be on a
contractual basis for any specialty services rendered..
ARTICLE III
Officers, Employees and Agents
Section 1. Officers. The Officers of the Corporation shall be a
Chairperson, a Treasurer, and such other Officers, including one or more Vice
Chairpersons, as the Board of Directors may from time to time appoint. One
person may hold more than one office in the Corporation except that no one
person may hold the offices of Chairperson and Secretary or Chairperson and
Treasurer. The position of Treasurer may initially be left vacant until filled.
Subsequent Treasurers shall be elected at the annual Board of Directors meeting
as described in Section 2 below. The Chairperson shall be a member of the Board
of Directors. The other officers may, but need not, be members of the Board of
Directors. No instrument required to be signed by more than one officer may be
signed by one person in more than one capacity.
Section 2. Election, Term of Office and Removal. The Officers of the
Corporation shall be elected for a one year term at the annual meeting of the
Board of Directors immediately following the election of Directors, and each
shall continue in office until his or her successor shall have been elected and
qualified, or until his or her death, resignation or removal. Any officer of the
Corporation may be removed, with or without cause, by a majority vote of the
entire board.
Section 3. Other Agents and Employees. The Board of Directors may from
time to time appoint such agents and employees as it shall deem necessary, each
of whom shall hold office during the pleasure of the Board of Directors, and
shall have such authority, perform such duties [and receive such reasonable
compensation], if any, as a majority of the Board of Directors may from time to
time determine. No such other Officer or agent need be a Director of the
Corporation. To the full extent allowed by law, the Board of Directors may
delegate to any Officer or agent any powers possessed by the Board of Directors
and may prescribe their respective title, terms of office, authorities and
duties.
Section 4. Removal. Any Officer, employee or agent of the Corporation
may be removed with or without cause by a unanimous vote of the entire Board of
Directors.
Section 5. Vacancies. In case of any vacancy in any office, a
successor to fill the unexpired portion of the term may be elected by the Board
of Directors.
Section 6. Chairperson: Power and Duties. The Chairperson shall
preside at all meetings of the Board of Directors. The Chairperson shall have
general supervision over the affairs of the Corporation, and shall keep the
Board of Directors fully informed about the activities of the Corporation. He or
she shall have the power to sign and execute alone in the name of the
Corporation all contracts authorized either generally or specifically by the
Board, unless the Board shall specifically require an additional signature. The
Chairperson shall perform all the duties incident to the office of the
Chairperson, and shall perform such other duties as from time to time may be
assigned by the Board of Directors.
Section 7. Vice Chairperson: Powers and Duties. A Vice Chairperson
shall have such powers and duties as may be assigned to them by the Board of
Directors. In the absence of the Chairperson, the Vice Chairperson(s), in the
order designated by the Board of Directors, shall perform the duties of the
Chairperson.
Section 8. Secretary: Powers and Duties. The Secretary shall keep the
minutes of the Annual Meeting and all meetings of the Board of Directors in
books provided for that purpose. He or she shall be responsible for the giving
and serving of all notices of the Corporation, and shall perform all the duties
customarily incident to the office of Secretary, subject to the control of the
Board of Directors, and shall perform such other duties as shall from time to
time be assigned to him or her by the Board of Directors.
Section 9. Treasurer: Powers and Duties. The Treasurer shall keep or
cause to be kept full and accurate accounts of receipts and disbursements of the
Corporation, and shall deposit or cause to be deposited all moneys, evidences of
indebtedness and other valuable documents of the Corporation in the name and to
the credit of the corporation in such banks or depositories as the Board of
Directors may designate. At the annual meeting and whenever else required by the
Board of Directors, he or she shall render a statement of the Corporation’s
accounts. He or she shall at all reasonable times exhibit the Corporation’s
books and accounts to any Officer or Director of the Corporation, and shall
perform all duties incident to the position of Treasurer, subject to the control
of the Board of Directors, and shall when required, give such security for the
faithful performance of his or her duties as the Board of Directors may
determine.
Section 10. Compensation. Any Officer, employee or agent of the
Corporation is authorized to receive a reasonable salary or other reasonable
compensation for services rendered to the Corporation when authorized by a
majority of the Board of Directors, and only when so authorized.
ARTICLE IV
Committees
Section 1. Committees of the Board. The Board may, by resolution
adopted by a majority of the entire Board, establish and appoint an executive
and other standing committees. The Chairperson of the Board of Directors shall
appoint the Chairperson of each committee. Each committee so appointed shall
consist of three or more directors and, to the extent provided in the resolution
establishing it, shall have all the authority of the Board except as to the
following matters:
1. The filling of vacancies on the Board or on any committee;
2. The amendment or repeal of the bylaws or the adoption of new bylaws;
3. The amendment or repeal of any resolution of the Board which by its
terms shall not be so amendable or repealable;
4. The fixing of compensation of the directors for serving on the Board or
any committee
Special Committees may be appointed by the Chairperson with the consent of
the Board and shall have only the powers specifically delegated to them by the
Board.
ARTICLE V
Contracts, Checks, Bank Accounts and Investments
Section 1. Checks, Notes and Contracts. The Board of Directors is
authorized to select the banks or depositories it deems proper for the funds of
the Corporation and shall determine who shall be authorized in the Corporation’s
behalf to sign bills, notes, receipts, acceptances, endorsements, checks,
releases, contracts and documents.
Section 2. Investments. The funds of the Corporation may be retained
in whole or in part in cash or be invested and reinvested from time to time in
such property, real, personal or otherwise, including stocks, bonds or other
securities, as the Board of Directors may deem desirable.
ARTICLE VI
Office and Books
Section 1. Office. The office of the Corporation shall be located at
such place as the Board of Directors may from time to time determine.
Section 2. Books. There shall be kept at the office of the Corporation
correct books of account of the activities and transactions of the Corporation
including a minute book, which shall contain a copy of the certificate of
incorporation, a copy of these bylaws, and all minutes of meetings of the Board
of Directors.
ARTICLE VII
Fiscal Year
The fiscal year of the Corporation shall end on December 31.
ARTICLE VIII
Indemnification
The Corporation may, to the fullest extent now or hereafter permitted by and
in accordance with the standards and procedures provided for by applicable law
and any amendments thereto, indemnify any person made, or threatened to be made,
a party to any action or proceeding by reason of the fact that he, his testator
or instate was a director, officer, employee or agent of the Corporation,
against judgements, fines, amounts paid in settlement and reasonable expenses,
including attorney’s fees.
ARTICLE IX
Amendments
These bylaws may be amended or repealed by the affirmative vote of the
majority of the entire Board at any meeting of the Board of Directors.
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