Alpha Phi Foundation of Alpha Kappa Psi, Inc.
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Articles of Incorporation     Bylaws      
ALPHA PHI CORPORATE BYLAWS

ARTICLE I
OBJECTS

Section 1. The objects of this corporation in addition to those stated in the Articles of Incorporation shall be:

i. to further the individual welfare of its members;
ii. To foster scientific research in the fields of commerce, accounts, and finance;
iii. to educate the public to appreciate and demand higher ideals therein;
iv. and to promote and advance in institutions of college rank courses leading to degrees in business administration.


ARTICLE II
LAWS

Section 1. This corporation may pass rules and regulations for local government from time to time, not inconsistent with the Articles of Incorporation of the Alpha Phi Foundation, of Alpha Kappa Psi, Inc.

Section 2. These bylaws may be amended by a two-thirds vote of the attending Board of Directors assuming quorum is met.

Section 3. All voting involving the admission or dismissal of a board member shall be conducted by secret ballot.


ARTICLE III
MEMBERSHIP

Section 1. The members of this corporation shall consist of duly initiated and demitted alumni of the Alpha Phi Chapter of the University of Florida.


ARTICLE IV
MEETINGS

Section 1. The Board of Directors shall hold at least two meetings per calendar year.

Section 2. The officers of the corporation shall meet as often as is deemed necessary by the Board of Directors and President of the corporation.

Section 3. Board meetings shall be conducted expeditiously in conformance with "Robert's Rules of Order, Newly Revised (VIII). The order of business will be:

1. Opening
2. Reading of minutes of prior meeting
3. Officer reports
4. Committee reports
5. Old business
6. New business
7. Announcements
8. Adjournment

Section 4. The Chairman of the Board has the power to declare a Board of Directors meeting closed to non voting members.

Section 5. The quorum set for the Board of Directors will be set at fifty percent plus one.

ARTICLE V
CORPORATE OFFICERS

Section 1. Corporate officer duties shall be as follows:

A. President. The president shall be the executive head of this corporation and shall oversee the activities of this corporation and shall preside over officer meetings; shall have the power to call special officer meetings when considered necessary; shall see that the officers of this corporation discharge their duties faithfully, impartially, accurately, and promptly; and shall execute and enforce the wishes of the board of directors. The president shall enforce strict observance of the laws and policies of the corporation; shall have the power to appoint any committees not provided for by the Articles of Incorporation or these Bylaws.

B. Vice President. The vice president shall assist the president in the performance of the president's duties, and in the absence or disability of the president, shall succeed to the presidents powers and duties. In the event of permanent vacancy, the vice president shall function as president until an election can be held. The vice president shall have the responsibility over the administration of the committees of this corporation and shall preside over the committee chair meetings.

C. Secretary. The secretary shall keep accurate and complete minutes of all meetings of this corporation; shall be the custodian of all records, files, and documents of this corporation, except the financial books of account; shall be responsible for the general correspondence of this corporation; shall keep records of every member of the corporation; shall be responsible for all filling required by the Florida Department of State; and shall act as parliamentarian during all board meetings. The secretary shall supply reports as may be requested by the board of directors.

D. Treasurer. The treasurer shall keep an accurate account of all funds received and expended. The treasurer shall be the custodian of all financial books of account of this corporation which shall at all times be open to inspection and examination by any brother of Alpha Phi chapter of Alpha Kappa Psi in good standing; shall deposit all funds in the name of and to the credit of this corporation; shall prepare a budget covering all expected income and necessary expenses of this corporation for the coming fiscal year at the beginning of the fiscal year; and shall be responsible for appointing and presiding a committee in charge of the investment of all funds in the name of this corporation. The treasurer must be bonded.

E. President of the Alpha Phi Chapter. The president of the Alpha Phi Chapter shall act as a liaison to the Brotherhood of the Alpha Phi chapter, regional director of the Southeast region, and National headquarters of the fraternity; to relay decisions made by the corporation which affect the brotherhood, and to relay decisions made by the brotherhood that would affect the corporation.

F. Vice President of Alumni Affairs/Housing of the Alpha Phi Chapter. This Vice president is responsible for continuing research on the acquisition of a chapter house and an automatic member of the house managing committee; and shall promote interest in the creation of and affiliation between the alumni of the Alpha Phi Chapter and the current brotherhood of the Alpha Phi chapter.

Section 2.

A. Only alumni members of the Alpha Kappa Psi are eligible to be elected to office.

B. Terms of elected officers shall terminate during the University of Florida's football homecoming weekend.

C. A candidate for office will be elected when that member receives a number of votes equal to fifty percent plus one of the quorum present.

D. If the Board of Directors is unable to elect an officer, the chairman of the board must appoint an officer to that position

E. If an office becomes vacant during the term of the office, the chairman must appoint an interim officer until elections are held.

F. All elections for office will be conducted by secret ballot

Section 3. All outgoing officers of this corporation will personally give to their successors all written materials, records, reports, and assets pertaining to the conduct and duties of their respective office, and also to personally instruct their successors in the proper administration of that office. Incoming officers will share the responsibility to seek out and receive all written materials, records, reports and assets, as well as counsel, of the entire outgoing officer that preceded them in office.


ARTICLE V
COMMITTEES

Section 1. The standing committees of this chapter shall be: Alumni Information Systems, Alumni relations, legal counselor, house manager, investments, and auditing.

A. The Alumni information systems, alumni relations, and house manager shall be appointed and chaired by the Vice president.

B. The legal councilor shall report directly to and be appointed by the president.

C. Investments and Auditing shall be chaired by the Treasurer.

Section 2. The board of directors of this corporation shall have the authority to preside over any committee of this corporation and shall also have the power to appoint any committee not provided for by the Articles of Incorporation or these bylaws.

Section 3. All standing committees will provide a historical outline of prior years.

Section 4. All appointed persons shall serve their term until the following University of Florida homecoming weekend.


ARTICLE VI
FINANCE

Section 1. The fiscal year of this chapter shall begin on July 1 and end on June 30.

Section 2. A budget, covering all expected income and expenses of this corporation shall be prepared by the Treasurer at the beginning of each fiscal year. This budget shall be discussed and approved by the Board of Directors.

Section 3. All investments of corporate funds shall be approved by the board of directors by a majority vote.


ARTICLE VII
GENERAL

Section 1. No member or officer shall receive compensation.