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LEXINGTON BUSINESS ASSOCIATION BY-LAWS

LBA MEMBER LINKS

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, and promoting business. The LBA will remain a non-profit organization now and forever. In the event that the LBA should resolve, all funds will immediately be dispersed to the Village of Lexington.

Article III - Membership

Primary Member - Must be physically located within Lexington mailing with the exception of Lakeshore lodging, approved by the 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 - 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 by the LBA Board.

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 – Twice yearly

Board Meetings - Every Month - Subject to change if necessary

Article VII - Grievance Procedure

A grievance must be presented in writing to the Board with signature, in person if possible.

Article VIII - Events

Each event will have a Chairperson. Chairperson is responsible for organization of event and advertising and has authority to make decisions pertaining to event under scrutiny of LBA Board. Suggestions for an event must be presented to the board for discussion.

Article IX - Amendment of By-Laws

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

06/09