Article 6 Committees
Section 6.1 Committees . The Board may appoint committees from time to time with the charter, power, and authority that the Board may determine from time to time. Committees shall be chaired by a Governor. The Committee Chair shall be nominated by the President and ratified by the Board. Committee members must serve on a committee for at least one year before being eligible to become a candidate for the Board.
Article 7 Fees, Dues and Budget
Section 7.1 Operating Fund . There shall be an Operating Fund into which shall be deposited all amounts paid to the Club as regular fees, regular dues, special or additional dues, miscellaneous fees and charges, and income attributable to the Operating Fund.
Section 7.2
Club Dues .
Section 7.2.1 Budget . Prior to the beginning of each Accounting Year, the Board shall determine its estimated budget for the Accounting Year (for each year, the “ Approved Budget ”). The Board shall, as part of the Approved Budget, determine the dues payable by each class of membership and license. Section 7.2.2 Regular Dues . When the Board shall have made the estimates and determinations required by Paragraph 1 above total regular Club dues shall be allocated and charged as follows: (a) Allocation . The total regular Club dues applicable to each class of membership and license for the period in question shall be divided by the total number of memberships and licenses then outstanding; provided, that the Board may allocate total dues in such a manner as to charge Members and Licensees different amounts of dues. The dues rates for each class of membership shall be allocated in a fair and equitable manner and the Board may consider the scope of available use rights, and actual and expected usage and the Club Facilities which are available to such class of membership. Notice . A Notice of Dues, showing the total Club dues and the person ’ s share and stating the amount and number of equal payments required to pay such share, shall be given in writing to each Equity Member and Licensee at least thirty (30) days before the first such payment is due. Regular dues shall be payable monthly (or may be paid annually, semi- annually, or quarterly pursuant to Club Regulations) in advance. The month in which a membership or Licensee is issued or terminated and resold (as determined by the Secretary ’ s certification thereof) shall count as a full month for purposes of dues, but no dues shall be charged for months prior to such issuance or after such termination and resale. (b) Section 7.2.3 Additional Dues . If at any time during any Accounting Year the approved regular dues requirement shall appear to be inadequate for any reason (including nonpayment of any person ’ s share thereof), the Board shall determine and charge additional dues in the amount of such actual or estimated inadequacy, which amounts shall be charged to the
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