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BYLAWS
INVESTMENT CLUB OF NOTRE DAME
ARTICLE I – NAME
The name of this organization is the Investment Club of Notre Dame du Lac
ARTICLE II – PURPOSE
The purpose of this organization is specified in the Constitution.
ARTICLE III – MEMBERSHIP
Section 1
Membership is open exclusively to all undergraduate students attending the
University of Notre Dame regardless of college or major
Section 2
"Members in good standing" are known as regular members who have paid their
dues for that academic year. Only regular members would be eligible to be
elected to offices and to vote in any election or change in the Constitution or
bylaws.
Section 3
Students at other colleges and universities in the area shall be eligible to become
associate members of the Investment Club upon the recommendation of a regular
member and approval by the Board of Directors. The number of associate
members shall be determined by the Board of Directors.
Section 4
Honorary memberships may be granted to an individual or individuals if approved
by the Board of Directors and the majority of the members present at a regular
meeting.
ARTICLE IV – MEMBERSHIP FEES
Membership fees or dues will be collected at the beginning of the academic year
from all members belonging tot he club that academic year. New members
joining after the beginning of the academic year will be assessed the same
membership fee. The fee shall be determined by the officers of the club. See
Article III, Section 2 for definition of regular member.
ARTICLE V – OFFICERS
Section 1
The officers shall perform the duties prescribed by the Constitution and by these
Bylaws. They are subject to programs and policies established by the Board of
Directors.
Section 2
The duties of the President are as follows:
The President shall be the principal executive officer of the Club and shall
manage, supervise, and control the business and affairs of the Club. The President
shall preside at all regular meetings of the Club, the Annual Meeting of
membership and any Special Meeting of Members and, in general, perform all
duties incident to or incumbent upon the office of President and such duties as,
from time to time, may be prescribed by the membership or Bylaws.
Section 3
The duties of the Vice President are as follows:
The Vice President shall perform such duties as, from time to time, may be
assigned or delegated by the President or the membership. The Vice President
shall be willing, qualified, and ready to assume the duties of the office of
President in the event of the President’s absence or inability to act.
Section 4
The duties of the Secretary are as follows:
The Secretary shall take, prepare, keep and maintain minutes of all meetings of
the Club as well as the Annual Meeting and any Special Meetings. The Secretary
should also keep an up-to-date roster of the membership.
Section 5
The duties of the Treasurer are as follows:
The Treasurer shall maintain, keep current and complete financial and accounting
records of the Club. The Treasurer, together with the other officers, must make
sure that the Club is complying with regulations for clubs set forth by the Office
of Student Activities.
Section 6
The duties of the Economist are as follows:
The Economist is a special position created to aid the Club in its main activity of
participating in the management of the COB Advisory Council Investment Fund.
The duties of the Economist shall be established by the Fund Manager(s) and/or
the Board of Directors.
ARTICLE VI – COMMITTEES
Section 1
The standing committees of the Board shall be: Nominating Committee and
Membership Committee. Ad hoc committees may be established by the Board as
the need arises.
Section 2
The function of the Nominating Committee are as follows:
Prior to the club registration deadlines set by the Office of Student Activities
(usually in February), the President, in consultation with the other officers shall
appoint a Nominating Committee who shall be responsible for presenting a slate
of Nominees for the respective offices of the Club a minimum of one week
before the Annual Meeting.
The Nominating Committee shall consist of five regular members of the Club of
whom a minimum of two (2) shall not be present officers.
No member of the Nominating Committee may be on the slate of Nominees
presented by the Nominating Committee as eligible Nominees for the various
officers of the Club to the membership for election.
The list of Nominees submitted by the Nominating Committee must be distributed
to the membership at the time of the announcement of the Annual Meeting.
Additional nominations may be made from the floor on the night of the Annual
Meeting if approved by a 2/3s vote of those present.
Section 3
The function of the Membership Committee shall be as follows:
To promote and encourage membership in the Investment Club by such actions as
a membership drive, advertisements in the student newspaper, flyers and such
other actions as may be determined by the Board or membership.
ARTICLE VII – FACULTY ADVISOR
Section 1
The faculty advisor must be a full-time faculty or administrative staff member at
Notre Dame or Saint Mary’s. The faculty member is an ex-officio member and
does not have voting rights.
Section 2
The faculty is responsible for overseeing that the Constitution, Bylaws, and
regulation of the Office of Student Affairs are being followed by the Board and
membership and such other duties as may be assigned to the advisor by the
department or college.
Section 3
The faculty advisor is responsible for appointing the manager(s) of the College of
Business Advisory Council Investment Fund (COBAIF) and acts as a liaison between
the students involved with the fund and the COBA Advisory Council and Vice
President of Business Affairs.
ARTICLE VIII – MEETINGS
Meetings are specified in Article VII of the Constitution of the Investment Club.
ARTICLE IX
Section 1
The ordinary operations of the Club shall be the responsibility of the Board of
Directors. Other than the operations of the COBA Investment Fund, the Board
shall determine the activities of the Club and take whatever action(s) that are
necessary to carry out these activities.
Section 2
The operation and management of the activities of the COBA Investment Fund
shall be established by the manager(s) of the fund and the faculty advisor.
ARTICLE X – DISSOLUTION
In the event of the dissolution of the Club, any assets the Club may own shall be
distributed pursuant to a plan proposed by the Board and approved at a meeting
of the members. |
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