In addition to the
Partnership Agreement, our club has found it necessary to add several
by-laws, covering issues that are specific to our club. These are
continually updated as they are voted on and approved by club
members. These by-laws are listed below.
1.
Annual Elections will be held at July meeting. Nomination committee will
make nominations in June.
2. For someone to
become a member, she must be in recovery, must attend three meetings in
a row, and must be approved for membership by a majority vote of current
active members.
3. For
a current member to remain a member, she must not miss three meetings in
a row without giving a reasonable explanation for her absence. She will
give prior notification if unable to attend when feasible. A vote will
be required to terminate membership.
4. For members who
have been active for three years, there will be a fee for leaving the
club of 10% of her current capital account or $20.00, whichever is less.
Current value is based on partnership agreement (see line 8).
5. For members who
have been active for less than three years, there will be a fee for
leaving the club of 10% of her current capital account or $20.00,
whichever is greater. Current value is based on partnership agreement
(see line 8).
6. Before a stock
is purchased, there must be a presentation of (1) a completed Stock
Study Guide on the stock, (2) a comparison guide comparing the stock to
at least two others in the same sector of the market, and (3) a majority
vote in favor of purchasing the stock. the stock must also meet all NAIC
guidelines for a stock purchase. Please refer to the NAIC manual.
7. Regular
attendance at club meetings is expected. Members unable to attend
scheduled meetings should notify an officer as soon as practical before
meeting or after in case of emergency.
8. Membership
starts at three month application process completion. Their valuation
starts after first donation and the following meeting.
9. Minimal $10.00
monthly contribution is expected.
10. The
Secretary will contact each member by phone and e-mail on the Sunday
prior to the scheduled meeting on the first Saturday in each month.
11. Each
member will respond to the Secretary by Wednesday of that week to let
the Secretary know if they are able to attend the meeting.
12. If there
is only one member available for the meeting, the Secretary will contact
the President who will cancel the meeting.
13. In
the event of a cancellation for/on the first Saturday, the next meeting
of the WI$E Investors will be held on the third Saturday in that month.