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By-Laws
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Article
I
Name
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| The
Corporation, which is known as the Madison Community Pool Corporation, shall be
referred to hereinafter as the "Association" or the
"Corporation".
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| Article
II Purpose
of the Organization |
| Section
1 - Mission
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| The
Madison Community Pool provides a quality seasonal recreational swimming
facility, subject to rules and regulations to be adopted by the Corporation.
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| Section
2 - Nonprofit, charitable purposes
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Corporation is organized and shall be controlled by, and operated exclusively
for, the benefit of the public. The
Corporation's activities shall include all activities permissible for a
tax-exempt, charitable, public benefit organization.
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| Section
3 - Prohibition against private inurnment |
| No
part of the net earnings of the Corporation shall inure to the benefit of or be
distributed to any private person, except that the Corporation shall be
empowered and authorized to pay reasonable compensation for services rendered,
and to make payments and distributions in furtherance of any charitable
purposes.
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| Article
III Membership |
| Membership
in this Association shall be open to any person who complies with the
requirements of this Association regarding membership, fees and other conditions
of membership as determined by the Board of Trustees.
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| Section
2 - Classes of Membership
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may be classes of membership as the Board of Trustees may from time to time
determine, the Board of Trustees shall determine the requirements of such
classes.
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| Section
3 - Member Privileges
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privileges allowed members shall be determined by the Board of Trustees, subject
to the qualifications given in this Article. |
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Note: The above text is abridged. Click here for a
complete copy of the Madison Community Pool Corporation's By-Laws.
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