BYLAWS OF THE AVIATION CONSULTING ASSOCIATION

(Revision Dates: October 29, 2005)

Name and Purpose

We constitute ourselves as the Aviation Consulting Association wishing to secure the fellowship, pleasures and benefits of an association with persons commonly interested in the aerospace industry. We hereby enact these Bylaws to help govern our association. The specific purpose for which this corporation is organized is to promote aerospace business knowledge and the networking of industry professionals by:

• Providing opportunities for the aerospace business professionals to learn about and become interested in aerospace business concepts, such as, but not limited to, peer-reviewed journals, lectures, presentations, and events;
• Making aerospace business concepts in general more accessible and visible to the general aerospace business professional, through meetings and media outreach; and
• Providing opportunities, at low cost, for its general membership to learn and improve skills related to aerospace business, such as, but not limited to, peer information sharing, industry related research, and the selection, construction, and use of aerospace business concept tools.

Membership

Membership in this association will be open to anyone with an interest in aerospace business concepts. A "member in good standing" is one who is up to date in the payment of his or her dues. The "general membership" will consist of all members in good standing.

Meetings

'Meetings' shall mean regularly scheduled association meetings each month at a date and location designated by the general membership. Where not indicated to the contrary, Roberts Rules of order shall be followed in the conduct of the meetings.

Dues

'Dues' shall be established by vote of the general membership become effective January 1, following. New members' dues shall be pro-rated according to the number of quarters left in the calendar year. New members who join the association in the last quarter shall pay no dues for that quarter.

Business

A "quorum" shall consist of at least 25 per cent of the members in good standing (including one officer.) A vote taken during a meeting will be binding on the association only if a majority of members present approve the motion.

Management of the Association

The affairs and business of the association shall be conducted and managed by a Board of Directors. The Board will include the following elected officers: President, Vice President, Secretary, and Treasurer, all of whom will be elected annually by the general membership. All elected officers and directors shall be members in good standing for the year in which they will hold office. Each officer is responsible for the accomplishment of the duties defined herein.

Additional Board members will include five (5) directors, elected annually along with the slate of four (4) officers by the general membership.

The Board may appropriate up to one thousand dollars ($1000) per expenditure for association business. Larger expenditures will be voted on by the general membership.

President

The President shall preside at all association meetings and shall see that all association business is conducted in a manner that is consistent with these Bylaws. Whenever necessary, the President shall create committees and appoint chairpersons who will thereupon recruit committee members to assist them in adequately conducting association activities. All chairpersons are responsible to the President.

Vice President

The Vice President shall assume all duties of the President in the President's absence. Additional responsibilities for the Vice President will include Parliamentarian duties, to interpret and arbitrate parliamentary procedures per Roberts Rules of Order.

Secretary

The Secretary shall be responsible for all correspondence, the accurate recording of all motions and official actions taken at all meetings, and for keeping up to date all membership records, association property records and all other important association documents.

Treasurer

The Treasurer shall be responsible for the collection and disbursement of all association moneys authorized by the general membership or the Board of Directors. The Treasurer shall keep up-to-date and accurate, complete and comprehensive records.

Elections

Elections shall be held once a year, at the November meeting. The President shall appoint a nominating committee, consisting of two members from the Board of Directors and one from the general membership, to meet during the month of September and present a slate of officers and directors at the October meeting. Additional nominations will be accepted from the floor at that time, and also at the November meeting immediately prior to the election. Terms of office shall be for one year, with the restriction of three consecutive years’ limitation for re-election to each individual office.

Amendments

These Bylaws may be amended or changed at any meeting where a quorum is present, on a motion by a member in good standing, which is seconded, then passed by a 2/3 majority of all members present and then passed by a 2/3 majority of all Aviation Consulting, LLC corporate officers.[End of Aviation Consulting Association Bylaws]