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BylawsAlt01

BYLAWS of LONG ISLAND DIGITAL MONEY USERS GROUP

Article I

The name of this non-profit chapter shall be Long Island Digital Money Users Group, and shall be located in Long Island, New York.

Article II

The mission of Long Island Digital Money Users Group is to promote the use of cryptocurrencies and to discuss the computer science behind cryptocurrencies among the members of the Long Island community, and for helping the community learn how to use, and understand cryptocurrencies.

Article III

• Section 1. A member is a paid-up member of the Long Island Digital Money Users Group.

Article IV

General Management:

• Section 1. The general management, control, and direction of the affairs, funds, and property of Long Island Digital Money Users Group shall be vested in its Board of Directors, also referred to as the "Board."
• Section 2. No part of the net earnings of the Long Island Digital Money Users Gruop shall benefit any member of the chapter. However, reasonable compensation may be paid for services rendered to, or for Long Island Digital Money Users Group. (Subject to provisions of Article VI).
• Section 3. If there shall be a cash surplus at the end of the fiscal year, it shall be retained in the treasury of Long Island Digital Money Users Group to be used to further the purposes of the chapter.

Article V

The Board of Directors:

• Section 1. The Board of Directors shall consist of the Officers of Long Island Digital Money Users Group and two Members-at-Large. The outgoing president will serve on the Board in an ex-officio but non-voting capacity.
• Section 2. Terms of office for Officers shall be as set down in Article VI.
• Section 3. Mebers-at-Large shall be active members of Long Island Digital Money Users Group. Their terms of office shall be one (1) year.
• Section 4. Officers and Members-at-Large shall be elected by the membership of Long Island Digital Money Users Group.
• Section 5. The Board of Directors shall have the right to decide by majority vote to add a Member-at-Large to its number.
• Section 6. No member may serve on the Board of Directors for more than five consecutive years unless appointed by the Board of Directors to serve in an advisory position.
• Section 7. The Board of Directors is authorized to make such rules and regulations as it deems necessary for the effective management of the organization.
• Section 8. The Board of Directors is authorized to use electronic mail to call votes on issues. The President will count the votes and forward the motion vote tally to the Secretary for permanent record in the minutes.

Article VI

• Section 1. The officers of Long Island Digital Money Users Group shall be a President, a Vice-President, a Secretary, and a Treasurer. These officers shall constitute the Executive Committee. In the event that a decision needs to be made quickly without time to poll the board, the Executive Committee may make that decision. Votes, which may be collected by e-mail, shall be tabulated and recorded by the Secretary.
• Section 2. The President shall preside at all membership meetings and call and preside at all meetings of the Board of Directors. The President sets goals and responsibilities, serves as ad hoc member of committees, polls board members on major decisions, keeps members informed, serves as group spokesperson, and performs such other duties as the Board of Directors may form time to time determine. The President shall be elected for one (1) one-year term, and may run again for another one-year term. After that, that person may not run for that office until at least four (4) years have elapsed from the end of her term. The President will, however, serve on the Board in an ex-officio capacity for the period of one year following her term.
• Section 3. The Vice-President shall serve in that role for one (1) year and shall be in charge of programming. That person may run again for another one-year term. After that, that person may not run for that office until at least four (4) years have elapsed from the end of her term.
• Section 4. The Secretary shall keep minutes, handle correspondence in coordination with the President. A term of office shall be for one (1) year. That person may run again for another one-year term. After that, that person may not run for that office until at least two (2) years have elapsed from the end of her term.
• Section 5. The Treasurer shall receive all monies of Long Island Digital Money Users Group, and shall deposit the same as directed by the Board of Directors. The Treasurer shall make disbursements from these funds as authorized by the Board of Directors. The Treasurer shall keep accurate financial accounts, maintain a checking account, ans shall report a financial statement at each meeting. The Treasurer shall be elected to the office for one (1) year. That person may be elected to another one-year term. After that, that person may not run for that office until at least two (2) years have elapsed from the end of her term.
• Section 7. Should there be a vacancy in the Presidency at any time, the Vice President shall succeed to the Presidency and shall serve until the next annual election, when that person will continue in the office of President for one (1) year, once her continuing has been ratified by the vote of the membership. Any other vacancy of an office shall be filled by the Board of Directors, and the successor shall hold office until the next election.
• Section 8. If two-thirds of the members of the chapter so deem it, time limitations and restrictions for any of the four officers described above may be lifted, and an officer may have her term of office extended or that person may be brought back to serve in the capacity of that office for the rest of that year.

Article VII

• Section 1. Long Island Digital Money Users Group shall meet once a month, unless otherwise agreed upon. We shall meet in libraries on Long Island or any place so designated by the Board.
• Section 2. Board of Directors meetings shall be held as needed, either in person or via conference calls, email, or any other electronic means.

Article VIII

Elections and Voting:

• Section 1. Voting my be done in person or by proxy received by the Board of Directors in advance of the meeting at which voting will take place.
• Section 2. Only members of Long Island Digital Money Users Group shall be eligible to vote.
• Section 3. The Officers and Board of Directors members pro tem serving prior to incorporation and formal adoption of bylaws shall continue in these positions for full terms of office if their election is so confirmed by a simple majority of members voting in person or by proxy at the first meeting following incorporation and formal adoption of bylaws.

Article IX

Article X

• Section 1. Non-payment of dues. A member may be declared not in good standing, and her membership may be terminated, if the member has not paid dues by the end of June 30th. The application of this provision shall be under rules and regulations made by the Board of Directors.
• Section 2. Misconduct. "Misconduct" is here defined as inappropriate conduct inimical or harmful toward fellow chapter members. The Board of Directors will review the membership status of a member charged with misconduct.

Article XI

• Section 1. To the extent permitted by law, the Board of Directors may indemnify and advance expenses (including court costs and attorneys' fees) to any present or former Board of Directors member who was, is, or is threatened to be a named defendent or respondent in an action or proceeding because such person is or was a Board of Directors member of Long Island Digital Money Users Group.
• Section 2. The Board of Directors may purchase and maintain insurance on behalf of any such person, whether or not the Board of Directors would have the power to indemnify the person against such liability.

Article XII

• Section 1. Dissolution of Long Island Digital Money Users Group shall take place only after a proposal of same has been accepted by two-thirds (2/3) of the Board of Directors and thereafter distributed to the entire membership. Members shall vote on the proposal, and shall require a two-thirds (2/3) affirmative vote for the measure to be passed.
• Section 2. Upon any dissolution of Long Island Digital Money Users Group, its property and assets shall be distributed as follows:
  • (a) All liabilities and obligations of Long Island Digital Money Users Group shall be paid, satisfied, and discharged, or adequate provision made hereafter.
  • (b) Assets held by Long Island Digital Money Users Group requiring return, transfer, or conveyance, which condition occurs by reason of the dissolution, shall be returned, transferred, or conveyed in accordance with such requirements.
  • (c) Any remaining assets shall be distributed in an agreed upon manner to members of Long Island Digital Money Users Group.

Article XIII

Rules of Procedure and Parliamentary Authority:

• Section 1. Any policies or procedures not contrary to law or these bylaws maybe approved or amended by a majority vote of the Board of Directors. A record of such policies and procedures shall be compiled by the Secretary. Notification of the policy or procedure changes will be sent via email to members of Long Island Digital Money Users Group, after said changes have been approved.
• Section 2. Any meeting of Long Island Digital Money Users Group and/or its Board of Directors shall be conducted in accordance with the parliamentary procedure prescribed by the current edition of Robert's Rules of Order, or by any other generally accepted procedure agreed upon by the Board of Directors and announced to members, excepting that the President of Long Island Digital Money Users Group shall in all events be a full voting member of the organization and the Board of Directors.