A Meeting of Thendara Mountain Club Inc will be held on September 16, 2017 at Camp T-20 Thendara in Harriman State Park. The meeting will be at approximately 4:00 PM and will discuss and vote on the below proposed changes to the Bylaws of the club.
September 16, 2017 is also the Annual Thendara Picnic at Camp Thendara
The below proposals have been reviewed and recommended by a vote of the Board of Directors of Thendara.
Bylaws Proposal One
Article XII, Section 3.c
Current wording: The endowment funds committee will consist of five (5) members including the chair and the treasurer of the committee.
Proposed wording: The endowment funds committee will consist of three (3) members including the chair and the treasurer of the committee.
Explanation This is being proposed because the number of funds to be handled has shrunk to just a few from the days when we had over a dozen, usually in the name of the individual donor. Streamlining the process will also lead to less disruption in planning meetings (getting three people together versus five!).
Bylaws Proposal Two
Article XII, Section 2
Current wording: With the exception of up to 15% of the endowment funds…
Proposed wording: With the exception of up to 25% of the endowment funds…
Article XII, Section 3.c.2.b
Change 15 to 25, and 85 to 75, respectively, wherever they appear in this section.
Explanation: This change will allow the Endownment Committe to invest a greater portion of the fund in higher yield funds. The board retains the final say in all recommendations for investment from the Endowment Committee
Bylaws Proposal Three
Article VII Section 2.b.
Current Wording: Treasurer – 5 years of Thendara membership in good standing, including Board membership of at least one year in some other capacity on the Board.
Proposed Wording: 5 years of Thendara membership in good standing , including Board membership of at least one year in some other capacity on the Board or following endorsement by a vote of the board members.
Explanation: This propsal will allow a greater number of members the ability to run for the very important office of Treasurer while allowing the Board of Directors oversight on the qualifications of the candidate for Treasurer.
Thendara Board of Directors
August 16, 2017