Constitution
Bylaws
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.
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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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