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3/03/2007
Resolution
of the Board of Directors
The
Board of Directors has discussed and voted to dissolve the Condors RC
Flying Club. After a year of searching there are no leads for a
field which make it pointless for the club to exist.
The club will send each member that
paid his 2006 dues a $100 payment from the club funds. Those
members whose 2006 payments were returned shall not receive any
payment.
Elaine DeMatteo will be paid $200 plus
mailing costs to write and mail the checks.
The remaining funds will be held for
one hundred eighty days to insure that no member’s payment is missed
and to allow time for the checks to clear the bank account.
One hundred eighty days after the
payments are mailed the bank account will be closed and the money
donated to the newly created Palm Beach Radio Control Association.
If any checks remain outstanding at this time the member shall forfeit
his payment.
The donated funds will be specified to
be used for clearing the thick vegetation west of the runway and to
construct sun / rain shelters.
At the Board’s discretion a partial
payment of the funds may be paid to the Palm Beach Radio Control
Association during the one hundred eighty day waiting period to
expedite the land clearing and construction of the shelters.
The club will not file its 2007 Florida
Corporate annual report which will result in an administrative
dissolution of the corporation.
All remaining club property will be
used or disposed of as the person storing it sees fit.
Bylaws
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