The documents provided below include the "Constitution and Bylaws" previously in force, the proposed Constitution and By-Laws presented at the meeting (and eventually adopted with the amendments shown below) and additional documents prepared for review at the meeting, including our 1966 Articles of Incorporation, which are our actual Constitution. These 1966 Articles remain in force, as no change to them was necessary.
The result of the meeting was that we have passed a new set of Bylaws consisting of the proposed Constitution and Bylaws, with the following Amendments made prior to adoption (extract from Minutes of the meeting):
Amend title to "ByLaws of PKT Foundation, Inc...." (not Constitution..).
Article II.3, Purposes. Retain tax language and non-profit intent in first and second sentences. Replace third sentence with "The purposes of the Corporation shall be as stated or restated from time to time in the Articles of Incorporation." Retain the fourth sentence and duties unchanged.
II.4 "Powers": add the words "and duties" so that the first sentence now reads: The Corporation shall have all powers necessary to carry out its purposes and duties, including but not limited to, all powers now or hereinafter enumerated in the GNCC.
Insert new sentence at the beginning of Article III.2 "Number, Election and Term of Office. "The maximum and minimum number of directors shall be as stated in the Articles of Incorporation. Retain remaining text, unchanged.
Change every occurance of "active chapter" to "collegiate chapter" and every occurance of "actives" or "active member", etc., to "collegiate member."
The following insertion was approved as Article IV.14. Vote Requirement for Extraordinary Transactions. The Corporation shall not expend $25,000 or more in a single transaction or series of related transactions unless such expenditure has been previously approved by Act of the Corporation. The Corporation shall not buy, sell, encumber, or dispose of real property without approval by Act of the Corporation.
The first sentence of Article III.8 is replaced with "All Class I and II Directors shall be natural persons who are 18 years of age or older and who owe no money to the Collegiate Chapter, any other collegiate chapter of Phi Kappa Theta Fraternity, or to any alumni entity of Phi Kappa Theta Fraternity, including the Corporation."
Paragraph (c) was added to XIII.1: "(c) If any dues, debts, or amounts owed are outstanding to any collegiate chapter of Phi Kappa Theta Fraternity or any Phi Kappa Theta alumni entity, including the Corporation, there must be a written, signed, payment plan on record, and there may not be more than one outstanding payment due."
The final paragraph of XIII.1 was modified to read "Notwithstanding the foregoing, the Class III Directors referenced in Section 3.2 shall be entitled to vote as Alumni in Good Standing without complying with subsections (a), (b), or (c) of this section."
After passing all of the above amendments, the new ByLaws were adopted unanimously.
Full minutes of the meeting are available in the Document repository, and an updated copy of the Bylaws has been posted.
John Covert, sec'y, PKT Foundation, Inc.
| Name | Last modified | Size | |
|---|---|---|---|
| Bylaws_2009-10-18.doc | 04-Dec-2009 08:05 | 139K | |
| Bylaws_2009-10-18.pdf | 04-Dec-2009 08:04 | 526K | |
| Constitution_Proposed_Amendments.doc | 02-Sep-2009 10:13 | 30K | |
| Constitution_Proposed_Amendments.pdf | 02-Sep-2009 21:10 | 72K | |
| Constitution_and_Bylaws_2001-03-01.pdf | 02-Sep-2009 10:13 | 54K | |
| PKT_Foundation_Articles_1966.pdf | 08-Oct-2009 12:47 | 614K | |
| Proposed_Constitution_and_Bylaws_Sep2009.doc | 02-Sep-2009 10:13 | 118K | |
| Proposed_Constitution_and_Bylaws_Sep2009.pdf | 02-Sep-2009 21:10 | 519K | |
| RecentChangeComparison.doc | 02-Sep-2009 10:13 | 120K | |
| RecentChangeComparison.pdf | 02-Sep-2009 21:10 | 347K | |