BY-LAWS
of THE FARRAR FAMILY REUNION, INCORPORATED
ARTICLE I
NAME AND LOCATION
The name of the corporation shall be:
The Farrar Family Reunion, Incorporated, here in after referred to as
the Reunion.
The corporation shall maintain a registered corporation in the state of
Arkansas.
ARTICLE II
PURPOSE
The purpose of the corporation is to
foster family ties by holding a week long reunion each year beginning
on Fathers Day,
to develop and maintain the ten acre camp site, and to continue the
study of our genealogy.
The corporation shall have such powers
as are now or may hereafter be granted by the General Not for Profit
Corporations Act of the State of Arkansas.
ARTICLE III
MEMBERS AND DUES
Section 1: The original members are
the ten children of Joseph Vernon Farrar and Viole Lillian Schwend;
Joseph Vernon Jr., William Harold, Robert Lewis,
Richard Allen, Geraldine Ann Weaver, Jean Elizabeth Hite, Thomas Asher,
Barbara Lee Williams, Marleen Joyce Bayes and Carol Sue Roger,
here in after referred to as the First Generation. Membership is open
to all their dependents and relatives.
Section 2: Associate Membership: An
Associate Member is any person not directly descended or related to the
Farrar Family,
but has an active interest in our activities or genealogy. This is a
non voting membership class.
Section 3: Dues are set for the First
Generation at $100 per year. All others are encouraged to give what
they can afford.
Section 4: Each member is entitled to
one vote on each matter submitted to a vote of the membership.
Section 5: An annual meeting will be
held during the reunion each year, where all business will be discussed
and voted on.
Section 6: A vote will be passed with
a majority of members present.
ARTICLE IV
OFFICERS
Section 1: Officers of the Reunion
shall be President, Vice President, Secretary, Treasurer, and such
other officers as the membership
may elect from time to time to carry out the affairs of the
corporation. Their duties and powers shall include but not be limited
to the following:
A. President:
1. Be the principal executive officer
of the Reunion.
2. Preside at all meetings.
3. Appoint committees and
chairpersons, as needed, with the consent of the membership.
4. Be a signature on the checking
account.
B. Vice President:
1. Assume such duties as may be
assigned by the President.
2. In the absence of the President,
preside at meetings.
C. Secretary:
1. Record the proceedings of all
meetings of the membership.
2. Read the minutes at each meeting.
3. Maintain a permanent record of all
previous minutes.
D. Treasurer:
1. Be custodian of all funds.
2. Make a Financial Report at each
meeting.
3. Maintain the checking account and
pay out funds of the corporation as approved by the membership.
Section 2: A term of office shall be
for four years, with one office being filled each year.
ARTICLE V
COMMITTEES
Section 1: There shall be Standing
Committees to deal with the following:
A. History and Records
B. Newsletter and Genealogy
C. Grounds and Maintenance
D. Future Development Projects
E. Second Generation
Section 2: Special Committees or AD
Hoc committees may be created by the President, with the approval of
the membership, as the need arises.
Section 3: The Executive Committee
will consist of the four Officers and the Chairmen of the Standing
Committees. The Executive Committee,
in an emergency, shall have the power to make decisions between
meetings of the regular membership, except the power to amend these
By-Laws,
or to dissolve the Reunion. Actions taken by the Executive Committee
shall require not less than five votes.
ARTICLE VI
AMENDMENTS
These By-Laws may be altered, amended
or repealed and new By-Laws may be adopted by a majority vote of
members present at any
meeting provided at least seventy-two hours written notice of intention
to alter, amend or repeal or to adopt new By-Laws at such meeting shall
be given.
ARTICLE VII
DISSOLUTION
Upon the dissolution of the
corporation, the members shall, after paying or making provisions for
the payment of all of the liabilities of the corporation,
dispose of all of the assets of the corporation in such manner, or to
such organizations or organizations organized and operated exclusively
for charitable,
educational, religious, or scientific purposes as shall at the time
qualify as an exempt organization or organizations under Section 501 @
(3) of the
Internal Revenue Code of 1955 (or the corresponding provisions of any
future United States Internal Revenue Law) as the members shall
determine.
If, during (term of ownership by
Farrar Family Reunion, Inc.), (Farrar Family Reunion, Inc.) shall
receive an acceptable offer to purchase the (property) or,
if (Farrar Family Reunion, Inc.) shall wish to enter into an agreement
for the sale of said (property), (Farrar Family Reunion, Inc.)
shall first give (owner of
adjacent parcel contained in Sharp Co. Arkansas, to wit: SEC 29 TWP 21N
RG 4W, SW1/4 NE1/4; SE1/4 NW1/4; NE1/4 SW1/4; NW_1/4SE1/4 &
PT SW1/4 SE1/4)
written notice setting forth the name of the proposed buyer, the
purchase price, and all the terms and conditions of the proposed
sale.
Within 15 days following the delivery, or mailing of said notice
(**pursuant to the notice process) (owner of adjacent parcel contained
in Sharp Co. Arkansas,
to wit; SEC 29 TWP 21N RG 4W, [SW1/4 NE1/4; SE1/4 NW1/4;
NE1/4 SW1/4; NW1/4 SE1/4 & PT SW1/4 SE1/4]) shall have the right to
purchase the (property)
upon the same terms and conditions. Said right shall be exercised
by delivering or mailing such election to (Farrar Family Reunion, Inc.)
prior to the expiration of said 15 days.
If (owner of adjacent parcel contained in Sharp Co. Arkansas to wit;
SEC 29 TWP 21N RG 4W, [SW1/4 NE1/4; SE1/4 NW1/4; NE1/4 SW1/4; NW1/4
SE1/4 & PT SW1/4 SE1/4] )
shall not elect to make such purchase within said time and the sale is
made in accordance with the terms set forth in the notice, (owner of
adjacent parcel contained in Sharp Co.
Arkansas, to wit; SEC 29 TWP 21N RG 4W, [SW1/4 NE1/4; SE1/4 NW1/4;
NE1/4 SW1/4; NW1/4 SE1/4 & PT SW1/4 SE1/4]) shall not have a right
to purchase upon any resale.
** should state how notice is to be
delivered to adjacent property owner.
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