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LEXINGTON BUSINESS ASSOCIATION BY-LAWS

LBA MEMBER LINKS

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Article I - Name & Mission Statement

The legal name of our group: Lexington Business Association.

Our Mission Statement:

To promote Lexington as an attractive community for visitors, potential residents, and those seeking business opportunities.

Article II - Purpose

Combine efforts in advertising, fundraising for special events, promoting business.

Article III - Membership

Primary Member - Must be physically located within Lexington Mailing with the exception of Lakeshore lodging, approved by LBA Board. Each business has voting privileges (1 vote per business)

Secondary Member - Second business registered at reduced rate, also with voting privileges.

Associate Member - Is a business, organization, or non-business person who contributes to the Lexington community approved by the LBA Board, without voting privileges.

Article IV - Source of Funds

Budget - Set up yearly to determine the needs of the LBA by the LBA Board.

Dues - To be determined on a yearly basis.

Fund Raising - To fund special events, advertising.

Article V - Officers

Officers will include: President, Vice President, Treasurer, Secretary, and 2 trustees. Odd years will elect Vice President, Treasurer, and 2 trustees. Even years President, Secretary, and 2 trustees.

Qualifications - It is recommended that a person be part of the LBA Board prior to becoming a candidate for office.

Elections - Slate presented to informed membership for approval. Board to appoint officers.

Voting - 1 vote per business

Article VI - Meetings

General Meetings - Every other month as listed

Board Meetings - Every Month

Subject to change if necessary

Article VII - Grievance Procedure

In writing to board with signature, in person if possible.

Article VIII - Events

Each event will have a chairperson. Chairperson is responsible for organization of event and has authority to make decisions pertaining to event under scrutiny of LBA Board.

Article IX - Amendment of By-Laws

By-laws to be discussed and approved by LBA Board and then voted on by an informed membership. To be approved by two-thirds vote of membership present for discussion.