CONSTITUTION

                                  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 AND MISSION

The club was established to serve as an opportunity for all undergraduate
students, interested in the field of investments to develop and/or increase their
knowledge of this special area of finance through activities designed as
rewarding educational experiences.

ARTICLE III – MEMBERSHIP

Membership is open exclusively to all undergraduate students attending the
University of Notre Dame regardless of college or major.

ARTICLE IV – MEMBERSHIP FEES

Membership fees are determined by the officers in accordance with Article IV of
the Bylaws.

ARTICLE V – OFFICERS

Section 1

The business and social policies of the Investment Club are established by a Board
of Directors, five (5) in number, consisting of the President, Vice President,
Treasurer, Secretary, and Economist. These officers shall be members "in good
standing" as such term is defined by the Bylaws. Hereafter, in this constitution
they will be referred to as regular members.

Section 2

The officers will be elected at an Annual Meeting of the Club called for the
explicit purpose of conducting such elections. Notice must be given to the
membership a minimum of one week before the actual meeting. A quorum, as
described by Article VII, Section 2, must be present to conduct the elections.

Officers are elected for a one-year term beginning and ending in the spring
semester of the academic year. Officers may stand for re-election if they are still
an undergraduate student.

Section 3

Prior to the club registration deadline 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. Other details of the Nominating Committee and
elections are found in the Bylaws.

Section 4

The Election process of officers is as follows:

At the Annual Meeting, the officers will be elected from those nominated. All
those regular members present at the Annual Meeting shall be given a ballot. For a
nominated member to be officially elected, he must hold a majority of the votes
from the ballot.

Section 5

Vacancies occurring during the term of office of any of the officers may be filled
by a special election meeting held for that purpose called by the faculty advisor.

Section 6

The Club’s membership may, from time to time, elect such other officers as the
membership deem desirable to assist in carrying out the business and affairs of
the Club. Such assistant officers shall have the power and duties of other officers
who they are elected to assist or as the membership shall authorize and delegate
to such assistant officers together with such other powers and duties as the
Bylaws may prescribe.

Section 7

The Impeachment process of officers is as follows:

An officer may be impeached at any meeting of the Club by a three-fourths (3/4)
vote of the total regular members as defined by the Bylaws, provided that ten
(10) days written notice of the proposed impeachment has been given to the
membership. Impeachment may be proposed by the Board of Directors, the club
advisor, or by twenty (20) members signing a petition for that purpose.

ARTICLE VI – COMMITTEES

The formation and functions of committees established by the officers or
membership are governed by the Bylaws.

ARTICLE VII – MEETINGS

Section 1

The Annual Meeting of the Club shall be convened by the end of January of the
spring semester at a time and place decided upon and announced by the officers.
Notice of the Annual Meeting shall be given a minimum of one week before the
actual meeting.

Section 2

A minimum of twenty-five percent (25%) of the Secretary’s up-to-date roster of
the regular Club membership must be present to conduct business at the Annual
Meeting. In the event that a quorum is not present at a meeting as convened, a
second meeting shall be held within two weeks after the convened meeting.
Notice of the second meeting must be given to all the members at least five (5)
days before it is held. Regular members present at the second meeting shall
constitute a quorum.

Section 3

Special meetings of the membership of the Club may be called by the President;
or by a majority of the Board of Directors or by a written petition to the
Secretary signed by not less than twenty members. Written notice shall be given
to all members of such a meeting a minimum of three (3) days before the
meeting.

Section 4

Meetings shall be held at least monthly throughout the academic year. The Board
may schedule more frequent meetings upon notice to all members. The agenda
for all meetings will be determined by the Board.

ARTICLE VIII – CLUB OPERATIONS

Policies for the operation of the Club are governed by the Bylaws.

ARTICLE IX – DISBURSEMENT OF FUNDS

In accordance with the rules established by the Office of Student Activities, the
faculty advisor for the Club must approve all expenses and disbursement of funds.
The Treasurer shall be responsible for completing the necessary forms for the
proper deposit and disbursement of funds.

ARTICLE X – DISSOLUTION

The proceedings to be followed in the event of the dissolution of the Club is
specified in the Bylaws.

ARTICLE XI – AMENDMENTS

This constitution may be amended at any meeting of the Club by a three-fourths
(3/4) vote of the total regular members as defined by the Bylaws, provided that
ten (10) days written notice of the proposed amendment(s) has been given to the
membership. Amendments may be proposed by the Board of Directors, the club
advisor, or by twenty (20) members signing a petition for that purpose. Any
amendments must be submitted in writing directly to the Student Activities
Office.

ARTICLE XII – BYLAWS

Bylaws for the Investment Club may be passed, amended, or repealed at any
meeting of the membership of the Club by a majority vote of the members
present, provided that ten (10) days’ written notice of the proposed change has
been given to the members. Changes may be proposed by the Board of Directors
or by any twenty (20) members of the Club.