BY-LAWS OF THE NEBRASKA THOROUGHBRED
BREEDERS’ ASSOCIATION, INC.
The Secretary shall keep the minutes and records of
the organization in appropriate books.
It shall be his duty to file any certificate required
by any statute, federal or state.
He shall give and serve all notices to members of
this organization.
He shall be the official custodian of the records and
seal of this organization.
He may be one of the officers required to sign the
checks and drafts of the organization.
He shall present to the membership at any meetings
any communication addressed to him as Secretary of the
organization.
He shall submit to the Board of Directors any
communication which shall be addressed to him as
Secretary of the organization.
He shall attend to all correspondence of the
organization and shall exercise all duties incident to
the office of Secretary.
The Treasurer shall have the care and custody of all
monies belonging to the organization and shall be solely
responsible for such monies or securities of the
organization. He shall cause to be deposited in a
regular business bank or trust company a sum not
exceeding $15,000.00 and the balance of the funds of the
organization shall be deposited in a savings bank except
that the Board of Directors may cause such funds to be
invested in such investments as shall be legal for a
savings bank in the State of Nebraska.
He must be one of the officers who shall sign checks
or drafts of the organization. No special fund may be
set aside that shall make it unnecessary for the
Treasurer to sign the checks issued upon it.
He shall render at stated periods as the Board of
Directors shall determine, a written account of the
finances of the organization and such report shall be
physically affixed to the minutes of the Board of
Directors of such meeting.
ARTICLE NINE
SALARIES
The Board of Directors
shall hire and fix the
compensation of any and all employees which they in
their discretion may determine to be necessary in the
conduct of the business of the organization.
ARTICLE TEN
COMMITTEES
All committees of this organization shall be
appointed by the President and their term of office
shall be for a period of one year or less if sooner
terminated by the action of the Board of Directors.
ARTICLE ELEVEN
DUES
The dues of this organization shall be $30.00 per
annum and shall be payable on the 1st day of January
each year unless changed by the membership at the Annual
Meeting.
ARTICLE TWELVE
AMENDMENTS
These By-Laws may be altered, amended, repealed or
added to by an affirmative vote of not less than a
majority of the members voting. Voting shall be taken by
a mail ballot.