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<br />~8 <br /> <br />TUESDAY <br /> <br />MARCH 22, 1983 <br /> <br />more often as necessary, at the call of the Chairman. <br /> <br />Section 2. Quorum: A quorum for meetings of the Board of Directors shall consist of at <br /> <br />least five members present and voting. <br /> <br />Section 3. Rules of Procedure: All meetings of the Board shall be conducted according to <br />the most recent edition of Robert's Manual of Parliamentary Rules. <br /> <br />ARTICLE IV. <br /> <br />EXECUTIVE COMMITTEE <br /> <br />Section 1. Membership: The Executive Committee shall consist of the Chairman, Vice- <br />Chairman, Secretary, Treasurer, and Executive Director, the latter of whom shall serve <br />without vote. <br /> <br />Section 2. Duties: The Executive Committee shall conduct routine business of the Corporation <br />between regular meetings of the Board of Directors, subject to ratification of all actions by <br />the full Board at its next regularly scheduled meeting. The Executive Committee shall not <br />make any major financial commitments of the Corporation without approval of the Board of <br />Directors. <br /> <br />ARTICLE V. <br /> <br />OTHER COMMITTEES <br /> <br />Section 1. Membership: The Chairman shall appoint members of such special-purpose or <br />standing committees as he deems appropriate. All such appointments shall be for terms not <br />exceeding one year and shall be approved by the entire Board of Directors. <br /> <br />Section 2. Duties: The committee appointed under the provisions of Section 1 of this Article <br />shall carry out the purpose specified by the Board of Directors in implementing the overall <br />goals of the Corporation. <br /> <br />ARTICLE VI. <br /> <br />FUNDING <br /> <br />Section 1. Annual Budget: The Corporation shall operate on a fiscal year beginning July 1 <br />of each year. An operating budget for the activities of the Corporation shall be prepared <br />annually by the Executive Director and approved by the full Board of Directors. <br /> <br />Section 2. Local Government Contributions: Funding for the overall operating expenses of <br />the Corporation shall be divided equally between Martinsville City Council and Henry County <br />Board of Supervisors. A funding request for the upcoming fiscal year shall be prepared and <br />submitted to the City Manager and County Administrator not later than February 15 of each <br />year. Contributions from the local governments shall be provided quarterly. <br />