BY-LAWS

OF THE

SEQUOYAH CHAPTER

AMERICAN SOCIETY OF MILITARY COMPTROLLERS

I - INSIGNIA

Section 1.  The standard insignia of the Chapter shall be that of National, with the words, “Sequoyah Chapter”, inscribed between the shields.  The insignia shall be used on letters, Chapter documents and for other appropriate purposes.

Section 2.  No individual, association, partnership, or corporation shall, without concurrence of the Chapter Executive Board, use the insignia, the combination of letters “ASMC”, the words Sequoyah Chapter, American Society of Military Comptrollers, or any combination or variation of letters, insignia, or words alone or with other letters or words, as the name under which he/she or it shall do business, for the propose of trade, or by way or advertisement to include the effect of leading the public to believe that any such individual, association, partnership, or corporation has any connection with the Sequoyah Chapter, American Society of Military Comptrollers.  No individual, association, partnership, or corporation shall falsely advertise, or otherwise represent falsely by any device whatsoever, that any project or business in which he/she or it deals in, manufactures or sells has in any way been endorsed, authorized, or approved by the Sequoyah Chapter, American Society of Military Comptrollers.

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II - MEMBERSHIP FEES AND DUES

Section 1.  Members of this Chapter shall pay fees and dues as provided by the National Constitution and By-Laws.  Dues are assessed on a yearly basis.  Honorary members shall not be required to pay any fees or dues.

Section 2.  With the consent of two-thirds of the Chapter membership, an annual or special one-year fee may be levied in addition to National dues requirements.  A schedule of any additional fees or surcharges made by the Chapter shall be filed with the National Executive Committee.

Section 3.  All retained funds of the Chapter shall be deposited into bank accounts, credit unions, or federally-insured savings and loan associations, established in the name of the Chapter and National Executive Committee.

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III – CHAPTER RECORDS

Section 1.  The following records, as a minimum, shall be maintained on a permanent basis by the Chapter:

     a.  National Constitution and By-Laws;

     b.  National Policy Declarations;

     c.  Minutes of meetings of the National Council;

     d.  Minutes of the meetings of the National Executive Committee;

     e.  Chapter constitution and by-laws; and,

     f.  Minutes of the meetings of the Chapter Executive Board.

Section 2.  The Chapter Secretary shall maintain appropriate records to identify members in good standing of the Chapter.

Section 3.  The Chapter shall maintain a “Chapter Officer Directory” showing addresses and business telephone numbers of officers along with the official address of the Chapter.  A copy will be provided to each Chapter Officer and the National Secretary.

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IV – FINANCIAL PROCEDURES

Section 1.  The Chapter’s books of account and checkbooks shall be retained until audited and for periods required by applicable laws, statutes, and regulations.  A copy of the Chapter’s annual report of financial condition shall be forwarded to the National Treasurer.

Section 2.  All Chapter receipts shall be deposited intact in Chapter bank accounts as soon as possible after collection.

Section 3.  All disbursements for Chapter expenses shall be made by checks signed by the Chapter Treasurer and one other authorized individual.  All disbursements shall be supported by invoices, receipts, statements, or other appropriate evidence of the nature, amount, and physical report or the goods or services for which the disbursement is made.

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V – APPROVAL