| FORM 990, PART VI, SECTION A, LINE 4 |
1. ARTICLE V (5.-3 ) MEMBERSHIP CLASSIFICATION CHANGES, E.G., ACTIVE TO SENIOR TO BE INSERTED BEFORE THE FINAL SENTENCE OF THIS SECTION (CURRENT PAGE 48): "THE ELIGIBILITY DATE FOR SENIOR MEMBERSHIP STATUS WILL OCCUR AT THE BEGINNING OF THE FISCAL YEAR (I.E., NOVEMBER 1) FOLLOWING THE DATE ON WHICH A MEMBER ACHIEVES ELIGIBILITY, AND A SENIOR MEMBER WILL ONLY BE PERMITTED TO CHANGE SUCH MEMBER'S SENIOR MEMBERSHIP CATEGORY AS OF THE BEGINNING OF ANY SUBSEQUENT FISCAL YEAR. 11 THE BOARD OF TRUSTEES WILL DETERMINE THE NUMBER OF SENIOR MEMBERSHIPS. 2. REVIE OF ARTICLE VII (7-1) REPLACE 7.1 (CURRENT PAGE 54) WITH THE FOLLOWING: "THE BOARD OF TRUSTEES WILL DETERMINE AND FIX THE AMOUNT OF THE NON-REFUNDABLE INITIATION FEES FOR ALL MEMBERS." 3. REVIEW OF ARTICLE VIII - PROPRIETARY CERTIFICATES TO BE INSERTED AS A NEW PARAGRAPH 8.5: "NON-PROPRIETARY CERTIFICATES: THE BOARD OF TRUSTEES MAY ESTABLISH REQUIREMENTS FOR ASSOCIATE MEMBERS TO PURCHASE NON-PROPRIETARY, NON-VOTING CERTIFICATES. THE AMOUNT OF SUCH NON-PROPRIETARY, NON-VOTING CERTIFICATES SHALL BE DETERMINE1 BY THE BOARD OF TRUSTEES. THE TIME AND MANNER IN WHICH THE HOLDER IS PAID THE VALUE OF THE NON-PROPRIETARY, NON-VOTING CERTIFICATE AND THE MANNER IN WHICH THE CLUB EXERCISES ITS LIEN THEREON SHALL ALSO BE DETERMINED BY THE BOARD OF TRUSTEES. 11 ADDITIONALLY, UPON APPROVAL BY THE MEMBERSHIP OF THIS BYLAW CHANGE, THE REFERENCED PARAGRAPH SHOULD BE STRICKEN FROM PAGE 42. |
| FORM 990, PART VI, SECTION A, LINE 6 |
THE ECHO LAKE COUNTRY CLUB (THE "CLUB") WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A |
THE OFFICERS OF THE CLUB SHALL BE A PRESIDENT, A VICE-PRESIDENT, A SECRETARY AND A TREASURER, WHO SHALL BE TRUSTEES AND SHALL BE ELECTED BY BALLOT AT THE FIRST MEETING OF THE BOARD OF TRUSTEES HELD AFTER THE ANNUAL MEETING OF THE CLUB IN EACH YEAR. OFFICERS SHALL BE ELECTED BY A MAJORITY VOTE OF THE MEMBERS OF THE BOARD, PROVIDED A QUORUM IS PRESENT. THEY SHALL HOLD OFFICE FOR ONE YEAR OR UNTIL THEIR SUCCESSORS ARE ELECTED. THE BOARD OF TRUSTEES SHALL HAVE POWER TO FILL VACANCIES IN ANY OF SAID OFFICES. |
| FORM 990, PART VI, SECTION A, LINE 7B |
THE DISSOLUTION OF THE CLUB; AND THE AMOUNT OF DUES FOR ACTIVE MEMBERS WILL BE DETERMINED AND FIXED BY THE BOARD OF TRUSTEES AND APPROVED BY A MAJORITY OF THE MEMBERSHIP PRESENT AND VOTING OR VOTING BY PROXY AT THE ANNUAL MEETING. THE BY-LAWS MAY BE AMENDED BY A TWO-THIRDS VOTE OF THE ACTIVE MEMBERS PRESENT AND VOTING AT ANY REGULAR OR SPECIAL MEETING OF THE MEMBERSHIP PROVIDED WRITTEN NOTICE OF THE AMENDMENT IS MAILED TO EACH ACTIVE MEMBER AT LEAST TWENTY (20) ACQUISITION OF SUCH PROPERTY; DAYS PRIOR TO THE MEETING. EACH OF THE FOLLOWING MATTERS SHALL REQUIRE THE APPROVAL OF TWO-THIRDS (2/3) VOTE OF THE ACTIVE MEMBERS VOTING AT AN ANNUAL OR SPECIAL MEETING: THE MORTGAGE OF ANY PROPERTY OF THE CLUB EXCEPT IN CONNECTION WITH THE SALE OF ALL OR A SUBSTANTIAL PORTION OF THE ASSETS OF THE CLUB; ANY CHANGES TO THE ARTICLES OF INCORPORATION. |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE BOARD AND KEY EMPLOYEES ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY FORM ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 |
COMPARABILITY DATA RECEIVED FROM OUTSIDE ACCOUNTANTS ARE USED WHEN DETERMINING COMPENSATION. ONCE DETERMINED, IT IS THEN PRESENTED TO THE BOARD FOR APPROVAL. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE CLUB DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. |
| FORM 990, PART XI, LINE 9: |
NET CAPITAL STOCK AND MEMBERSHIP CERTIFICATE ACTIVITY -70,000. |
Attach to Form 990 or 990-EZ.