By-Laws

The Friends of the Island Store is governed by by-laws adopted by its Board of Directors. A copy is available on request; please contact us.

Article I — Name and purpose

[Placeholder: the corporate name, and the charitable purposes for which the organization is organized under Section 501(c)(3) of the Internal Revenue Code.]

Article II — Membership

[Placeholder: whether the corporation has members, and if so, the classes, rights and obligations of membership.]

Article III — Board of Directors

[Placeholder: size of the board, terms, election and removal of directors, and the board’s powers and duties.]

Article IV — Officers

[Placeholder: President, Vice-President, Secretary, Treasurer — how each is elected and what each is responsible for.]

Article V — Meetings

[Placeholder: annual and regular meetings, special meetings, notice requirements, quorum, and voting.]

Article VI — Committees

[Placeholder: standing and ad hoc committees, including the Fundraising Committee, and how they are appointed.]

Article VII — Conflict of interest

[Placeholder: the conflict of interest policy required of tax-exempt organizations, and the disclosure procedure.]

Article VIII — Fiscal year, records and reporting

[Placeholder: the fiscal year, financial record-keeping, and annual reporting obligations.]

Article IX — Amendments

[Placeholder: how the by-laws may be amended and what vote is required.]

Article X — Dissolution

[Placeholder: distribution of assets on dissolution, consistent with Section 501(c)(3) requirements.]