By-Laws of Prestige Club

ARTICLE I
NAME AND PURPOSE

The name of the Club shall be the Prestige Club. The purposes of the Club are as follows:

  • to maintain a club exclusively for the pleasure, entertainment, and recreation of its members.
  • to provide a way for members to form an affiliation that can provide substantial and meaningful input into the operations of Prestige Club properties.
  • to create an affiliation of members that has the ability to purchase goods and services from Prestige Club Properties
  • to compile data regarding member’s preferences and suggestions so that the Prestige Club can better serve our members.
  • To create an affiliation of members that has the ability to purchase goods and services from Prestige Club Properties
  • To create an affiliation that would provide on-going input into the operations of Prestige Club Properties
  • To increase the safety, security and privacy of Prestige Club Members as the general public is not allowed on any Prestige Club Property.
  • To better serve a specific membership base that has similar needs and requirements of a private club.
  • To provide a direct communication route between club members and operations staff of Prestige Club Properties
  • To provide Prestige Club Properties the ability to restrict the sale of goods and services, and the use of its facilities, to or from the general public who are seeking living quarters, sleeping accommodations or housekeeping accommodations.

 

ARTICLE II
PRINCIPAL OFFICE

The principal office of the Club shall be at 2955 N. Mannheim Road, Franklin Park, IL 60131. The Club may have such other offices as may from time to time be designated by its President.

ARTICLE III
MEMBERSHIP

A. Membership. Any person who (1) is over the age of 21 years old; (2) resides within a radius of forty (40) miles of n Prestige Club location; (3) completes the membership application; (4) agrees to abide by the rules and regulations of the Club; (5) agrees to abide by the By-Laws of the Club; and (6) pays the enrollment fee, is eligible to become an active member of the Club, with full voting and other privileges, as provided in these By-Laws.

Membership is also open to the owner of the real estate on which the Club’s principal place of business is located. The owner of the real estate shall be deemed a “Preferred Member”. The active members and the Preferred Member are referred to herein as the “member” or “members”.

B. Voting. Each active member shall be entitled to one vote in the affairs of the Club. The Preferred Member shall be entitled to a total number of votes equal to 10% of the total votes cast by the active members for any item placed before the active members for a vote.

D. Duration of Membership. Membership in the Club may terminate by voluntary withdrawal as provided in these bylaws. Membership may also be terminated by the President in the event that an active member does not comply with the rules and regulations of the Club. All rights, privileges, and interest of a member in or to the Club shall cease on termination of membership. Memberships shall be nontransferable. Any member may, by giving written notice of such intention, withdraw from membership. Withdrawals shall be effective on fulfillment of all obligations to the date of withdrawal.

E. Suspension and Expulsion. Any member of the Club who shall be in violation of the Club’s By-Laws or rules and regulations may have his membership revoked by the officers.

ARTICLE IV
MEMBERSHIP FEE AND DUES

A. Membership Fee. The Membership fee for membership in the Club shall be $20.00. The Membership fee may be adjusted at an annual meeting by a majority vote of the members.

B. Amount of Dues. The dues required to maintain the status of active member in the Club shall be determined by the officers in order to meet the goals and expenses of the Club. Dues may be varied from time to time, but shall be calculated and assessed in the same manner for all active members.

ARTICLE IV
MEETINGS

A. Annual Meeting. There shall be an annual meeting of the Club to be held on the third Monday of January of each year, unless otherwise ordered by the officers, for election of officers, receiving reports, and the transaction of other business. Meetings shall be open to active members and the Preferred Member. Notice of such meetings, issued by the secretary, shall be transmitted to all active members requesting to be notified of the meetings at the time of their enrollment into the Club. Notice shall be transmitted to the location designated on the enrollment form. If the member has opted to not receive any notices, no notice shall be transmitted except that which is given on the enrollment form of which a copy is given to the member at the time of enrollment.

B. Quorum. The members and their proxies holding 50% of the votes that may be cast at any meeting shall constitute a quorum at such meeting. If a quorum is not present at any meeting of members, a majority of the members present may adjourn the meeting without further notice.

C. Order of Business. The order of business at the annual meetings shall be as follows:

  1. Call to order.
  2. Reading of minutes of previous meeting.
  3. Receiving communications.
  4. Report of officers
  5. Reports of officers.
  6. Unfinished business.
  7. New business.
  8. Election of officers.
  9. Adjournment.


The order of business may be altered or suspended at any meeting by a majority vote of the members present.

D. Special Meetings. Special meetings of the Club may be called at any time by the president, and must be called at any time by the president, or in the president's absence, by the secretary, on the written request of a not less than one hundred members of the Club. Thirty (30) days' notice of any special meeting must be given to the members of the Club, and the notice must state the object of the meeting.

E. Proxies. At any meeting of members, a member entitled to vote may vote by proxy executed in writing by the member. No proxy shall be valid after one year from the date of its execution, unless otherwise provided in the proxy.

ARTICLE VI
OFFICERS

A. Elective Officers. The elective officers of the Club shall be a president, a secretary, and a treasurer. Other offices and officers may be established and appointed by the members of the Club at the regular annual meeting. In these By-Laws the reference to “officers” shall mean a majority of officers currently holding office.

B. Terms. The president, the secretary, and the treasurer shall take office immediately upon their election, and shall serve for a term of one year, or as the case may be, until successors are duly elected. Officers are eligible for re-election. Vacancies in any office may be filled for the balance of the term of such office by the remaining officers.

C. President. The president shall be the chief officer of the organization, and shall be present at meetings of the Club. The president shall communicate to the Club such matters and make such suggestions as may in the president's opinion tend to promote the welfare and increase the usefulness of the Club, and shall perform such other duties as are necessarily incident to the office.

D. Treasurer. The treasurer shall keep an account of all monies received and expended for use of the Club, and shall make disbursements authorized by the President or such other persons as the active Club members may prescribe. All sums received shall be deposited by the treasurer in the bank or banks approved by the officers, and the treasurer shall make a report at the annual meeting or when called upon by the president. Funds may be drawn only on the signature of the treasurer or President. The duties of the treasurer, under the approval of the membership, may be delegated to an assistant treasurer.

The funds, books, and vouchers in the hands of the treasurer shall, with the exception of confidential reports submitted by members, at all times be subject to verification and inspection of the elective officers of the Club. At the expiration of the treasurer's term of office, he or she shall deliver to his or her successor all books, money, and any other property of the Club currently in the treasurer's possession.

E. Secretary. The administration and management of the Club shall be vested in the secretary. It shall be the duty of the secretary:

  1. To give notice of and attend all meetings of the Club and to make provision for the keeping of a record of proceedings.
  2. To conduct correspondence and to carry into execution all orders, votes, and resolutions not otherwise committed.
  3. To keep a list of the members of the Club.
  4. To establish machinery for the collection of dues and their payment to the treasurer.
  5. To keep records of any agents retained by the Club, and to take charge of and supervise the performance by such agents of their duties.
  6. To prepare, with the concurrence of the treasurer, an annual report of the transactions and condition of the Club, and generally to act in the best interests of the Club.

ARTICLE VII
ELECTIONS

Officers. The election of Club officers shall take place annually at the time and place of the regular annual meeting.
Any member shall be eligible for office. Candidates who receive a majority of votes so cast shall be elected.

ARTICLE VIII
COMMITTEES

Committees may be established by a vote of the membership. Members of these committees shall be elected by a majority of members voting at the annual Club meeting. Each committee shall have a chairperson, who shall be responsible for directing and coordinating the affairs of the committee. Vacancies that occur on any committee by reason of death, resignation, or otherwise, may be filled by the remaining members for the unexpired term.

ARTICLE IX
MAIL OR EMAIL VOTE

When, in the judgment of the officers, any question shall arise that should be put to a vote of the membership, and when it deems it inexpedient to call a special meeting for that purpose, it may, unless otherwise required by these bylaws, submit the matter to the membership in writing by mail or email for decision, and the question thus presented shall be determined according to a majority of the votes received by mail or email within two weeks after such submission to the membership.

ARTICLE X
AMENDMENTS

These bylaws may be amended, repealed, or altered, in whole or in part, by a majority vote of the members present at any duly organized meeting of the Club.

ARTICLE XI
LIABILITIES

Nothing in these bylaws shall constitute members of the Club as partners for any purpose. No member, officer, agent, or employee shall be liable for the acts or failure to act of any other member, officer, agent, or employee of the Club. Nor shall any member, officer, agent, or employee be liable for his or her acts or failure to act under these bylaws, excepting only acts or omissions arising out of his or her willful misfeasance.

ARTICLE XII
FUNDS

A. Finances. This Club is not intended as a profit-making organization, nor is it founded with the expectation of making a profit. The Club shall use its funds only for objects and purposes specified in these bylaws.

B. Bonding. Persons entrusted with the handling of Club funds may be required, at the discretion of the President, to furnish, at Club expense, a suitable fidelity bond.

ARTICLE XIII
INSIGNIA

The officers may adopt insignia, colors, badges, and flags for the Club as it deems desirable.

ARTICLE XIV
DISSOLUTION

The Club may be dissolved by the vote of a two-thirds majority of its members.
In the event of dissolution, the property of the Club shall be distributed as follows:
All expenses and costs of dissolving the Club shall be first paid and the balance of any cash shall be distributed pro rata to the members.

END OF BY-LAWS