— OlOlWK'Ee Form CO-1 CHARITABLE ORGANIZATION LISA MADIGAN Revised 1/07 - REGISTRATION STATEMENT - ATTORNEY GENERAL PLEASE TYPE OR PRINT IN INK. This registration statement is required by the Illinois Charitable Trust Act and the Illinois Solicitation for Charity Aet. Please answer all items which are applicable to your organization. If you are unable to answer any {question fully inthe space provided, please attach a shect containing the remainder of your answer. No further registration statement is required, provided that every registered orgenization shall notify the Attorney General within 10 days of any change inthe information submitted herein, One copy of this Registration Statement and attachments are tobe fled with the Office ofthe Attomey General, Charitable Trust and Solicitations Bureau, 100 West Randolph Street, 1th Floor, $900 4WAQdO ( “RECEIVED ( # JAN 29 2015 1. This isa registration under: © Ilinois Charitable Trust Act { Allinos Soliton for Charity Act; \_ 4 Jivalh Acts iuble Trust 2. Name of Organization “Telephone Number Federal Employer ID Lame Teel Alvan Asseermmons, me. 273~ 938-9351 5b - 34S 08 9F Street and Number Ciy Couniy Sate Zip Code (0. box bio NocosToce MeHEurhy Zu 600 9F 3. Type of legal entjty (Corporation, Trust, Unincorporated Association or other) and date, method and place organization legally estab- lished. ‘ox poeation " boly 7, 1986 STATE OF The MOIS If. forcign corporation, when was it authorized fo do business in linals? fa corporation, Ilinois Secretary of Stte’s File No. SY¥3.0 35 99 *A copy of the Articles of Incorporation or Certificate of Authority issued by the Secretary of State must be attached. 4. Name, address and telephone numberof Illinois registered agent _STMART Ese d50l Ww. abbisen sT */ioW, ChitAGo, FL 60678 778 = Gae— V3E, 5. Address ofall offices in the State of linois. _Q5C/ W. AbbiSoal CHICAGO EL Gobs/B 6. Date on which the annual accounting period of the organization ends. Month Jow Day_30 7. State the purposes ofthe oxenization and purposes or which contributions arto be used. (Be pein Te Support Alums, Of, Ad Lite TEM wick Schoo]-— See AtaHeD Fon Aba Tow Al [PIAA TION 8. If the name under which the organization intends to solicit funds differs from the name listed in No.2 provide name(s) under which contributions will be solicited, and the reason for the use ofsuch other name(s). 2/ A» 9. Ifthe organization has previously been registered with the Attorey General under either Act, give the name under which registered (if different than shown in No. 2), last registration number, and date registered. Sam & wrm& “ # 0/0) 6 9L Woven Bem 5198S = 10 Has he organization been reise with any ker govemmental ary toi contibuion? _ ~-Yes No ‘Name of authority and date of authorization. (RS faa, 60/(e¥3) SATUS HIPs & C9 Issue regisation current? Aes No 11, Has the organization or any ofits officers, directors or trustees ever been enjoined or prohibited by any cour or other govemmental agency from soliciting contributions, orf such action pending?” Yes NO I¥es", attach an explanation.4 13. 16. 17 18, 19, 2 2. Nove: 2. Do you intend to use the services ot gto fund raiser as defined by “An Act to Regulate Solicitation and Collection of Funds for ‘No Charitable Purposes"? c Yes IfYes", answer a, b, and comply with ¢ below. 1, Name and address of professional fund raisers) 1b) Hs the professional fund raiser registered and fled a bond with ihe Office of the Altomey General as required? © Yes No Attach copies of all contracts with professional fund ralser(s) . Have any of organization's oficers, directors, executive personnel. or have any ofthe organization's employees who have access to funds, ever been charged with or convicted ofa misdemeanor involving misapplication a misuse of moncy of another, or any felony? Yes No _ If“Yes", give the following information: (IRS 1981 ch. 23, sce. 3109) NAME AND ADDRESS OF COURT NATURE OF OFFENSE DATE OF CONVICTION(M0/¥r.) State the board, group or individual having Fina discretion a to the distribution and use of contributions received. LANE TECH Alums ASSoc ATION Bihan OF BikECTORS Will you use ny ofthe following methods of solicitation? 9 Unordered Merchandise __ 0 Distribution o Sale of Seas OTetephone Appeals Coin Collection Connie YYSpecal Events DAG Books Direo Mell 2 Other —Hfather, attach an explanation, ‘st nam, mailing address and tle ofthe chief executive or tafTotMcer of the organization, STK ART- EA) ES: 0; 2501 ht, AbDiSea) ST 1/2 TAIAGO, F €eb/P ‘Attach a ist of names, mail ig addresses, and dsytime phone numbers of al officers and directors, or trustees of the organization. ‘Has the United States internal Revenue Service determined that this organization is tax exempt? DxYes No Ives tah apy ofthe dterminton tes aptton ps aye Xie “All organizations with tax exempt status or an application pending must attach a copy of Federal Form 1023 “Application for Recognition of Exemption” or an exemption letter. Has organizations tax exer stu ever ben quesione, suite, denied cancel at any ime by any goveramenl gcney? Yes No 1s" atch the facts . Organizations which have been in operation for over one (1) year must attach a copy of the form AG990-IL and Federal return, ‘F AGI9OIL if no Federal return was filed for each year the organization was in existeace, completed in detail. Organizations ‘Which have been in operation ess than one (1) year mast attach 2 completed Financial Information Form CO-2, notarized. Please note charitable organization's are required to maintain accurate and detailed accounting records. i Approximate amount of eontsbutions solicited or income received from persons inthis Stale Guring the organization's lst annual ‘accounting period S 3, 24 EVERY REGISTERING ORGANIZATION MUST ATTACH THE FOLLOWING APPLICABLE DOCUMENTS: Corporation... The Articles of Incorporation andlor Certificate of Authority, Amendments and By-Laws Unincorporated Association... Constitution and By-Laws Testamentary Trust Will, Probate number and Decree of Distribution {nter Vivos Trust. Instrument Creating Trust The President and the Chief Financial Officer or other authorized officer are both required to sign. This mst be two diferent individuals. feniy 1s @ Trust, all Trusiees mus sign Son Sion UNDER PENALTY OF PERJURY, THE UNDERSIGNED DECLARE AND CERTIFY THAT THE INFORMATION CONTAINED. IN THIS STATEMENT AND ALL ATTACHED SHEETS IS TRUE AND CORRECT TO THE BEST OF OUR KNOWLEDGE. Tite Presi doy owe 22116 te Treats owe asa7 File Number. Whereas, PECs. ecrcies oF INCORPORATION OF LANE TECH ALUMNI ASSOCIATION, INC. INCORPORATED UNDER THE LAWS OF THE STATE OF ILLINOIS HAVE BEEN FILED IN THE OFFICE OF THE SECRETARY OF STATE AS PROVIDED BY THE BUSINESS CORPORATION ACT OF ILLINOIS, IN FORCE JULY 1, A.D, 1984 Aba Shagin. S ofotijer Searetary of Hite of the Hate oY Mincii by wire of te powers vested te me ty lew, de horely a Me oferesidadl comporattion, ZB UnCestimany Whereok, Lereosel my hand,andcause KZ Aaffived the Goat Seale lotaof Monod alley pungfoll ts __™>_ 33 ay, ope. Jul ADS9_38_ and phe Irdependonceof Ue Uniled Spates thedwo Aundredand Vth __, 6P6G98 ; viThe corporation is organized exclusively for chariteble and educational Purposes, including for such purposes, the making of distributions to organiza. Hons thet qualify as exempt organizations under Section 501(c3) of the Internal Revenue Code of 1954 (or the Corresponding provision of any future United States Internal Revenue law), No part of the net earnings of the corpora tions shall inure to the benefit eg ee elo Ele memberey crusteery otlieers Gee tee Persons, except thar the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make Payments and Gstrbutlons in furtherance of its charitable purposes. No substantial part of Whe activities of the corporetion shall be the carrying on of propagande, ot otherwise attempting to influence legislation, and the Corporation shall not Participate in, or intervene in (including the publishing or distribution of ssatements) any political campaign on behalf of any candidate for public office, Notwithstanding any other provision ef these Articles, the corporation shall not carry on any other activities not permitted to be carried on (a) bya corporation exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code of 1554 (or the corresponding provision of any future United States Internal Revenue jew), or (b) by @ corporation, contributions 10 which are deductible under Section 170(c)(2) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue law),Upon the dissolution of the corporation, assets shall be distributed for one oF more exempt purposes within the meaning of Section 901(c)(3) of the Internal } oF shall be distributed to the Federal Govern ment, or 80.2 stete or local goverment, for a public purpose. Any such assets not se isposed of shall be disposed of by the Circuit Court of the county in which the principal office of the corporation is then located, exclusively for such purposes: or to such organization of organizations, 2s said Court shall determine, which are organized and operated exclusively for such purposes,Form CO-1 line 17 Stuart Eng Randy Allegrezza Marion Synowiec Jill Rzadzki President ve. Treasurer Secretary 2501 W. Addison 2501 W. Addison 2501 W, Addison 2501 W. Addison Chicago, IL 60618 Chicago, IL 60618 Chicago, IL 60618 Chicago, IL 60618 773-935-9351 773-935-9351, 773-935-9351, 773-935-9351ee ee * Rergiigymmts teat oigiety signe Panam must bemade oy COOTER bo hi ~7 6 ‘Teara = lac Une sen NEEL Aalenle Cashion’ Chacko Meney rte oe yone Fer drama Use Woe Dicer sueam est sath : DO NOT SEND casH Filing Fox 850.00, — TOs JIMEOGAR, Secretary of Stats of the age of twanty-one years or more and citizens of the United Sta 188, forthe i Not For Profit Corporation Act" of the State of Anicist. The name of the corporation is: Lane ‘ech Alwmi Association, Inc, Anicie 2. The name and address ofthe inital registered agent end registered offic 8 are: Reginered Agen Alvin Le kapl, sieered Agen, Wile Neve oe Registered 01 35 West Monroe, Suite 1000 amber Tevet Woe Uae BE Bay tL iv te Comme Anicle3. The duration of the corporation is B perewuel OR vars, Anicle4. The first Board of Directors shall be _four |n number, their names and addresses being as follows: (Worn Phan tree] idan Dinerors Name Number Benet hey Bermard 1, Joseph 947 West Van Suren, Chicago, Illinois Michael Goffnes 6221 North Niagra Chicago, TLlinois Aricle Te purposes tor which the corporetion is organized are: ls this corporation to be & Condominium Association a¢ established under the Condominium Propany Act? D Yes D no See Attached Bxhibit a a. Anicle'6. Other provisions (Please use seperate page):sescseseecceceeseeceeeseeseseseeeeeeeeseeeeeUsseeeeeeeeeeeeeeseeceeeeeseeeeeeseeeeeeeeeeeeeeeeeececeeeeeeeeeUecseceeeceeeeeeeseseesesCSCSSSSSSSSSSSSSSSOSOOSSOSSSOSSOSSOSOOROSSCSOS SCS 00S 0s goa Internal Revenue: Service: Department, of the ‘Treasury Person to Contact: £0:TPA ‘Telephone Number: 1-8U0-829- 1040 ce jation, Inc. S1e=455- Lloay Teon Alumai As - Box B36) tock. IL 60096-0868 Refer Reply to: 94-1035 7 Date: February 17, 1994 RR: EXEMPT STATUS BIN: 36-3450398 + 18 in cesponse to the letter. dated December 27. 1993, cegarcding your ats as an organization exewpt from Federal income tax. ce rds. indicate that a ruling letter was issued in December, 1938. ving your.organization: an exemption from Federal income tax under the sevisions of Section, 601(c)(3) of the: Internal Revenue Code of 185d. uur eoeds also indicate that your organization is not a private foundation but rhe that ie described in Section 609(4)(1) & 170(b)(LI(A}(vii of the LaternaL venue Code. icutions made to you are deductible by donors in computing their taxable income in the manner and to the extent provided in Section 170 of the Invecnal Revenue Code. Yair gross receipts each year are normally $25.000 or more. ynu are ‘iced ty file Form 990. Return of Organizations Exempt from Income tax by fifteenth day of the fifth month after the end of your annual accounting sot cequired to file Federal income tax returns unles: © unrelated -business- income You are subject to this tax. you are subject der Section: 511 of the cede. It you must file an income tax return on F-Syu-T. if anv questions arises with respect to your status for Federal inc ome tax wicreses. you may use this letter as evidence of your exenpticn is is an advisory letter. Sincerely yours, Marilyn W. Day District Director2015 January 21.03.07 PM 1 773.935 4570->(815) 338-4749 ana Lane Tech Alumni Asoo, 1-773-936-4570 p2 BY-LAWS OF ‘LANE TECH ALUMNI ASSOCIATION, INC, ARTICLE | NAMB AND PURPOSES SECTION 1. NAME. The name of the Corporation shall be Lane Tech Alumni Association, Inc. SECTION 2, OFFICES. The Corporation shall maintain a registered office in the State of Ilinois and registered agent at such office and may have other offices within or without the state. SECTION 3. — PURPOSES. The purposes for which the Corporation is organized are exclusively charitable, Lterary and educational purposes. No partof the net carnings of the Corporstion shall inure to the benefit of any private individual, The Corporation suall not carry on propaganda or otherwise attempt to influence legislation, The Corporation shall not engage in any transaction or do or permit any act or omission which shall operate to deprive it of its tax exempt status as un organization that qualifies as an exempt organization under Section 501(¢)(3) of the Intema\ Revenue Code of 1986 (or the corresponding provision of any funure United States Internal Revenue Law). Upon the dissolution of the Comporation, the Board of Directors shall, after paying or making provision for the payroent ofall of the liabilities of the Corporation, dispose of all ofthe assels ofthe Corporation exclusively for ‘he purposes of the Corporation in such manner, orto such organization or organizations organized and operated exclusively for charitable, educational, religious, or scientific purposes as shall at the time qualify as an exempt organization or organizations under Section 501(c)(3) of the Internal Revenuc Code of 1986 (or the corresponding provision of any future United States Inceraal Revenue Law), as the Board of Directors shall determine, Any such assets not so disposed of shall be disposed of by the Circuit Court or the Court of Common Pleas of the county in Which the principal office of the Corporation is then located, exclusively for such purposes or to such organization oF organizations, as said Court shall determine, which are organized and operated exclusively for such purposes. ‘The Corporation shall distrib its income for éach tax year at sich time and in such manner as not to become subjecto the tax on undistributed income imposed by Section 4942 of the Intemal Revenue Code of 1986 (ot te corresponding provision of any furure United States internal Revenue Law). Further, the Corporation sha not engage in any act of self-dealing as defined in Section 4941(d) of the Internal Revenue Code of 1986 (or the corresponding provision of any feture United States intemal Revenue Lav, nor retain any excess business holdings as defined in Section 4943(c) of the Intemal Revenue Cade of 1986 (or the corresponding provision of any future United States Infernal Revenue Law), nor make any investmenta in such manner as 0 incur tax liability under Section 4944 of the internal Revenue Code of 1986 (or the corresponding provision of any Suture United States Internal Revenue Law), nor make any taxable expenditures as defined in Section 4945(a) of the internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue Law) SECTION 4. MISSION STATEMENT. tn addition to the purposes set forth in Section 3 above, the additional purposes and goals of the Corporation include the following: To promote and enhance the reputation of Lane Technical High School of Chicago, inois, as one of the premier secondary schools in the United States. b. Te provide scholarships to deserving students at Lane Technical High Schoo!NN EO oOCCO0#OuU!”’ Dl eo4 2015 January 21 03:07 PM 1.773.935 4570->(815) 338-4749 an Lene Tech Alumni Assoc, 4-773-935-4570 ps ©, To otherwise assist and meat with students of Lane Technical High School in prepering them for higher educational insiutions and life after graduation, 4. To disseminate and publish information regarding the accomplishments of Lane Technical High School and its graduates. & To preserve the history of Lane Technical High School. To foster a closer fellowship among the graduates of Lane Technical High School through the publication of a newsletter and other activities. ARTICLE Tl ‘MEMBERS SECTION 1, MEMBERSHIP CRITERIA AND NUMBER. The Corporation shall have two classes of members, regular members and honorary members. Except for those individuals who qualify as honorary members, only graduates of Lane Technical High School of Chicago, Illinois, shall be eligible for membership. There shall be 0 minimum number of regular members nor maximum number of regular members. The membership fees for regular members and honorary members shal be identical and shal be those fees as established from time to time by the Board of Directors. A member who does not renew his or her membership by paying to the Corporation the appropriate membership fee shall eutomatically be terminated as a member at the expiration ofthe period of ‘embership SECTION 2. _ HONORARY MEMBERS. The-Corporetion acknowledges that there may be individuals ‘who are not graduates of Lane Technical High Schoo! but who have devoted substantial efforts in promoting and enhancing Lane Technical High School, An individual who is nota graduate of Lane Technical High School but ‘who desires to become a member, shall submit an application to the Board of Directors in such forzn as the Board of Directors may require from time fo time. If two-thirds (2/3) of the members of the Board of Directors approve the application, said applicant shall become an honorary member upon payment of the membership fee. SECTION 3. _ ATTAINING MEMBERSHIP, Aa individual who is eligible for membership and who pays his or her membership dues to the Corporation shall be a member for that period of time reflective ofthe dues, paid to the Corporation by the prospective member. SECTION 4, VOTING RIGHTS. No member shall have any voting rights. All voting rights are vested solely in the diceetors, SECTIONS, PROHIBITED ACTIVITIES. No member shall engage in any activity which is eurimental to Lane Technical High School or the Corporation. SECTION 6. _ TERMINATION OF MEMBERSHIP FOR CAUSE. In the event a member of the Corporation is alleged to have violated the terms of Section 5 above, the Board of Directors may suspend or expel the meriver by an affirmative vote of not less thaa two-thirds (2/3) of all of the members of the Board of Directors aier a hearing has been conducted by the Beard of Directors SECTION?. RESIGNATION. Any member may resign by filing a written resignation with the Secretary of the Corporation,NN E—_ COC Eo c 2018 January 210307 PM 1 773.935 4570->(815) 338-4749 ana Lane Tech Alumni Assoc. 4-773-935-4670 pa SECTION 8. REINSTATEMENT. In the event the membership of a member has been terminated by ‘he Board of Direotors in accordance with the terms of this Acticle, the Board of Directors may, by the affinmative vote of two-thirds (2/3) of the members of the Board of Directors, reinstate such former member to membership upon such terms as the Board of Directors may deem appropriate, SECTIONS. TRANSFER OF MEMBERSHIP. Membership in this Corporation is not transferable or, assignable SECTION 10. _NO MEMBERSHIP CERTIFICATES. No membership certificates of the Corporation shall be required, The terms of the immediately preceding sentence shall not preclude the Corparatian from issuing {om time to time membership cares to membs SECTION !!. SUBSCRIPTIONS. The Corporation acknowledges that there may be individuals who ‘may not be qualified to become a regular member or an honorary member but who desire to receive information and any publications of the Corporation. The Board of Directors shall have the power, from time to tirse, to establish fees or other requirements so that such interested individuals who do not qualify for membership may receive the publications ofthe Corporation ARTICLE IN ‘Board of Disectors SECTION |, GENERAL POWERS. The affairs ofthe Corporation shall be managed by its Board of | Directors. SECTION 2. NUMBER, TENURE, AND QUALIFICATIONS. ‘The number of directors shall be twenty-five (25). The members of the Board of Directors shall be appointed by the president withthe advice and consent of the Board of Directors. Any individual who is a director at the time of the adoption of these By-Laws by the Board of Directors shall be a director, Each director shall hold office until his successor shall have been duly selected by the president with the advice and consent of the Board of Directors and shell have qualified or until his death, resignation or removal, Directors need nat be residents of [linois. The umber of directors may be decreased to not fewer than five (5) o increased to any number from time to time by amendiment of this section, SECTION 3, — QUALIFICATIONS. An individual shall be eli has satisfied the following requirements: ible for the office of director ifhe or she & Isa member, other than honorary member, of the Corporation; and b. Has been a prior director of the Corporation or, for new candidates forthe office of Director, has actively participated in the affairs of the Corporation by attending for 2 Period of twelve consecutive months, sixty-six (66%) percent of all regular and special ‘meetings of the Board of Directors and has participated in one oF more committees ofthe Board of Directors, An individual who satisfies the requirements set forth inthe first sentence of this Section 3 shall not be eligible forthe office of director if he or she, a the time of selection by the President, is a full time or part-time ‘employee of the Corporation. SECTION 4. REGULAR MEETINGS. The Board of Directors shall most not ess than six times during any given calendar year. The date, time and place of a regular meeting of the Board shall be established by the Board of Directors not later than the date ofthe regular Board of Directors meeting immediately preceding the meeting in questionEE —__£ Ee roy 2018 January 21 03:07 PM 1.773.935 4570->(815) 338-4749 sr Lane Tech Alumni Asoo, 4-773-935-4570 ps SECTIONS. NOTICE, Notice of any regular meeting shall be given at least seven (7) days prior to te date thereof by written notice to cach director atthe address as shown on the records of the Corporation. If ‘mailed, such notice shall be deemed to be delivered when deposited in the United States mail in sealed envelope so addressed, with first class postage thereon prepaid. [f notice be given by telegram, such notice shall be deemed to be delivered when the telegram is delivered to the telegraph company. Notice of any special mecting of the Board of Directors may be waived in writing signed by the person or persons entitled tothe notice either before or after the time of te meeting. The attendance of a director at any meeting shall constitute a waiver of notice of such meeting, except where 2 director attends a meeting for the express purpose of objecting to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be transacted a, nor the purpose of, any reguler or special meeting of the board need be specified in the notice or waiver of notice of such meeting, unless specifically required by law or by these By-Laws. SECTION 6, QUORUM. A majority ofthe Board of Directors shall constitute a quorum forthe transaction of business at any meeting ofthe board, provided that if less than a majority of the directors is present at said meeting,» majority ofthe directors present may adjourn the meeting to another time without further notice SECTION 7, MANNER OF ACTING. The act of a majority of the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors, unless the act of a greater number is requited by statue, these By-Laws, or the articles of incorporation. SECTION 8. _ HONORARY DIRECTOR. The Corporation acknowledges that there are members of the Corporation who are willing to assist the Corporation but are unable to satisfy the qualifications for the office of lirector because of health or other reasons. A member who has contributed significantly to the Corporation may be appointed as an honorary director by the president. There shall be no maximum number of honorary directors. An honorary director shall not be deemed a director for satisfying the number of directors as set forth in Section 2 above, nor shall an honorary member be considered in determining whether a quorom exists. An honorary member shall have the right to attend any regular or special meeting ofthe Board of Directors, sll have the right to participate in discussions during said meetings and shall have the right to be a member of a committee of the Board ‘of Directors. An bonorary member shall not have the right to make a motion, second the motion, vote on any ‘motion or other matter coming before the Board of Directors or east votes for officers. SECTION 9. _ REMOVAL. A director may be removed for cause by vote of two-thirds (23) of al directors then in office. Such action shall be taken ate regular meeting of the Board of Directors or ata special ‘meeting called for such purpose, and the proposed removal shall be set forth inthe notice of any such regular or special meeting, sent a least ten (10) days prior to the date ofthe meeting, SECTION 10, INFORMAL ACTION BY DIRECTORS. Any action required to be taken at a meeting ‘of the directors of the Corporetion, or any other ction which may be taken at a meeting of directors, may be taken without a meeting if a consent io writing, setting forth the action so taken, shall be signed by all the directors titled to vote with respect to the subject matter thereof. SECTION 11., VACANCIES. Any vacancy occurring in the Board of Directors or any directorship 0 be filled by reason of an increase in the number of directors shall be filled by an appointment made by the president with the advice and consent of the Board of Directors. SECTION 12, COMPENSATION. Directors shall not receive any stated salaries for ther services, but by resolution ofthe Board of Directors, a fixed sum and expenses of attendance, ifany, may be allowed for each regular or special meeting of the board, provided that nothing herein contained shall be construed to preclude any director trom serving the Corporation in any ather capacity and receiving reasonable compensation therefore. SECTION 13. OBLIGATIONS AND RESPONSIBILITIES. Every director, other than an honorary director, shall attend not less than fifty (50%) of all regular and special meetings of the Board of Directors which is ‘conducted every calendar year. A director shall not be absent from three or mare consecutive regular meetings ofnN — _———_ EEE D4 2015 January 21 03:07 PM 1 773.936 4570->(815) 338-4749, ene Lane Toch Alumni Assoo, 1-173-936-4570 Ps the Board of Directors, Directors are strongly encouraged to attend and actively participate in the planning activities for fundraising events. As a minimum, al directors ee required to directly pay for two (2) major fundraising events every calendar year, The Board of Directors will determine and announce by March 31 of each year which events will be designated as major. The following are options for directors to meat the annual major events contribution requizemen 8. attend and pay fortwo (2) fll major events fees b. donot atiend, but pay 100% of two (2) fll major event fees © pay for one event per option a. above plus one event perb. above 4. payment fora director's designated guest is considered payment by a director ‘when applied to any of the options a,b, ¢ above |f@ Board member advises the President of the Corporation of special personal hardship cireumstances and requests the above financial commitment be modified or waived for a particular year ten the President has the sole discretion to approve or deny the request Directors will prozctively volunteer time to participate in annual membership recruitment initiatives. SECTION 14. _ EMPLOYMENT, No director shall be an employee of the Association. A director who becomes a fulltime or parttime employee of the Association shall automatically be deemed to have resigned as @ director effective as of the first day of such employment. ARTICLE IV ‘OBFICERS SECTION |. OFFICERS. The officers of the Corporation shall be a president, one vice-president, a Secretary, a treasurer and such or other officers as may be elected by the Board of Directors. Osficers whose authority and duties are not prescribed in these By-Laws shall have the authority end perform the duties prescribed, from time to time, by the Board of Directors. Not more than one office may be held by the same person at ny single time, The office of assistant treasurer and assistant secretary shall be abolished as of the date of the frst election of officers following the adoption of these By-Laws, Only directors, other than honorary directors of the Corporation are eligible to be officers.~ SECTION 2, ELECTION AND TERM OF OFFICE. The officers of the Corporation shall be elected on a bi-annual basis by the Board of Directors at a meeting of the Board of Directors to be conducted in the month ‘of December except thet the first election of officers to be conducted after the adoption of these By-Laws may be conducted at the Board of Directors meeting to be conducted in the month of November, 1995. Ifthe election of 9ffcers shall not be held at such meeting, such election shal be held aa soon thereafter as may be convenient. The fies election of officers to be conducted after the adoption ofthe these By-Laws shall be conducted at a Board of Directors meeting to be conducted either in the month of November 1995 or the month of December 1995. ‘Vacancies occurring prior thereto or thereafter may be fled or new offices created and filled at any meeting of the Board of Directors. Each officer shell hold office until his successor shall have been duly elected and shall have qualified or until ls death or wot he shall xesign or shall have been rermoved in the manner hereinafter provided Election of an officer shall not of itself cteate contract rights. A successful candidate for an office must receive uot less thao a majority of the votes east. There must be present, atthe time of the meeting when the election is conducted, not less than two-thirds (2/3) of al directors. For purposes of illustration only, when there exists a Board .0f Directors composed of twenty-five (25) members, there are no vacancies, and seventeen directors are present at the time ofthe election, a successful candidate for office must receive not less than nine (9) votes cast in his or her favor, In the event two-thirds (2/3) of all directors are not present atthe time of said meeting, the election will beA 2015 January 210307 PM 1.773.935 4570->(815) 338-4749 Lane Tech Alumni Assos, 1-773-935-4570 p? postponed untl the fist meeting of the Board of Directors following said mesting when two-thirds (2/3) ofall Uiectors are present. In the event ofa continuation ofthe election because the minimum aumber of directors is not present, the then existing officers shall remain in office unl such tine ofthe election. The postponement ofthe flection shall not epply to-any office where there is only one candidate fora given office, Where there is only one tandidate fora given office, a casting of votes for sai office shall be conducted atthe December meeting when the election is scheduled to cecur except tha he fist election of officers after the adoption of these By-Laws may be conducted atthe Noverrber, 1995 meeting, There shall be not more than two (2) candidates for any given office, In the eveat three (3) or more individuals desire to be candidates for a single office, the Board of Directors atts regular ‘meeting whichis conducted immediately preceding the December mectin of the election year shall determine the tho 2) candidates, Such determinetion shal be made by the casting of votes, If on the first ballot no single candidate receives majority ofthe votes cast the candidate receiving the lest aumber of votes cast shall be eliminated as a candidate and second ballot shall be prepared with the same candidates except forthe candidate tliminaied and the directors shall then east their votes onthe second ballot. This process shall be repeated until such {ime a one ofthe directors receives a majority ofthe voles cast. At such time es auch a majority candidate has been determined, the two (2) eandidates who shall appear onthe December ballot shal be said candidate who reccives the majority numberof votes and tht candidat receiving the second highest number of votes cast SECTION3. _ CANDIDATES, Any director who desires to be a candidate for an office shall submit his lor her name fo the president of the Corporation no later than the time of the commencement of the regular meeting ‘of the Board of Directors conducted during the month of September in the election year in question. nthe event a regular meeting of the Board of Directors is not scheduled or otherwise docs not oceur during said month of September, the submission of the name of the candidace shall be made to the President not later than the third ‘Thursday of said month of September, The name of a candidate forthe position of an officer may also be submitted by adirector other chan the eandidate, Ac the regular meeting of the Board of Directors conducted in the month of October dusing the election year, the President shall provide to the Board of Directors a list of offices and the candidates forthe offices. SECTION 4, VOTING, Only members of the Board of Directors atthe time of the election shall have the right to vote, No director shall have the right to vote by proxy. Voting shall be by the casting of ballots. After all ofthe ballots have been gathered, they shall be submitted to the Secretary or other officer of the Corporation. The ballots shall then be examined, tallied and the results of the election shall be immediately announced. Any candidate for an office shall have the right to examine the ballots SECTION 5. REMOVAL. Any officer elected or appointed by the Board of Directors may be removed by the Board of Directors whenever in its judgment the best interests of the Corporation would be served thereby. The minimum number of votes required to remove an officer shall be not Jess than three-fourths (3/4) of the then existing members of the Board of Directors. SECTION 6, PRESIDENT. The president shal be the principal executive officer of tre Corporation. Subject to the direction and control of the Board of Directors, he shall be in charge ‘of the business and affairs of the Corporation; he shall se thatthe resolutions and directives ofthe Board of Directors are carried into eect except in thous instances in which thet responsibility ie asigned to some other perzon by tho Board of Directors; and, in general, he shall locherge all duties incident wo che office of president and such other dites as may be prescribed by the Board of Directors. Except in those instances in which the authority to execute is expressly delegated 10 another officer or agent ofthe Corporation or a different mode of execution is expressly prescribed by the Board of Directors, he may execute for the Corporation any contracts, deeds, mortgages, bonds, or other instroments which the Board of Directors has authorized to be executed, and he may accomplish such execution either under or without the seal ofthe Corporation end either individually or with the seeretary, any assistant seeetary, or any other officer UNereunto authorized by the Board of Director, according tothe requitements of the form ofthe instrument. He toay vote all securities which the Corporation is entitled wo vote except as and tothe extent such authority shall be ‘vested ina different office of agent of the Corporation by the Board of Directors. me