CORSICA COMMUNITY FOUNDATION

BYLAWS

ARTICLE I

The office of the corporation in the State of South Dakota shall be located in the City of Corsica, County of Douglas.

ARTICLE II       

The business and affairs of the corporation shall be managed solely by its Board of Directors.  The Board of Directors shall consist of nine(9) individuals. board members will be elected for a three-year term with the initial terms staggered so three (3) directors are elected each year.  The president of the board will appoint a nominating committee prior to the election of directors at the annual meeting.

Officers to be elected annually will include a president, vice-president, secretary/treasurer, and vicar.  The board will also serve as a grant application committee to publicize and screen grant applications.  Other committees may be appointed by the president, as needed.

Any vacancy occurring in the Board of Directors may be filled by the affirmative vote of a majority of the remaining directors.  A director elected to fill a vacancy shall be elected for the unexpired term of his predecessor in office.

Any officer or agent my be removed by the Board of Directors by a majority vote at any regular or special meeting whenever, in its judgement, the best interests of the corporation will be served thereby.

By resolution of the Board of Directors each director may be paid expenses, if any.

ARTICLE III

Regular quarterly meetings of the Board of Directors are scheduled for the first Thursday in February, May, August, and November of each year.  special meetings of the Board of Directors may be called by or at the request of the president or any three (3) directors.  The person or persons authorized to call special meetings of the board may fix the time and place for such special meeting.  Written, oral, or telephone notice, stating the time and place of the special meeting will be given not less than one (1) day nor more than five (5) days before the date of the meeting.

A simple majority, or five (5) shall constitute a quorum for the transaction of business at any meeting of the Board of Directors, and to amend the Bylaws of the corporation.

ARTICLE IV 

The Board of Directors may authorize any officer or officers, agents or agents, to enter into any contract or execute and deliver any instrument in the name of and on behalf of the corporation and such authority may be general or confined to specific instances.

ARTICLE V

Grant guidelines will be reviewed annually by the Board of Directors and modified, if deemed necessary.  Grant application deadlines shall be a the time of the regular quarterly meeting in February of each year.  By a majority vote of the board, exceptions can be granted to this deadline if the board deems it necessary and proper.  Applications must be submitted in writing explaining the purpose and need for the grant monies requested.

Approximately one month prior to each application deadline, a notice will be placed in the local news media to inform the public about the process and deadline.  After the grant applications have been screened, a news article in the local media will announce the recipients.

Consideration for grant awards will be given to Corsica area community non-profit organizations and groups based upon need, creativity in addressing community concern, community volunteer support and accountability.

A final evaluation report shall be submitted to the Foundation immediately following project completion where Foundation funds were used.

ARTICLE VI

The fiscal year of the corporation shall begin on the first day of July, and end on the last day of June in each year.

Dated this 16th day of August, 2000 by

Roger Bordewyk,President
Vern DeGeest, Secretary
Sylvia Zomer, Treasurer