Bylaws

Last Updated: December 2, 2020

Table of Contents

  1. Purpose and Organization of the Club
    1. Purpose
    2. Organization
    3. Principle Office
    4. Fiscal Year
    5. Governing Law
  2. Membership
    1. Membership
      1. New Members
      2. Active Member
      3. Types of Membership
        1. Full Membership
        2. Family Membership
        3. Limited Membership
      4. Minors
      5. Resignation
      6. Inactive Status
      7. Delinquent Members
      8. Suspension/Termination
    2. Hearings and Termination
      1. Fact Finding
      2. Temporary Suspension
      3. Hearing Notification
      4. Presentation of Evidence
      5. Findings
      6. Financial Liability
      7. Appeal
      8. Terms of Payment
  3. Board of Directors
    1. General
      1. Club Management
      2. Board Composition
      3. Terms of Office
    2. Officers
      1. General
        1. Composition
        2. Election
        3. Removal from Office
      2. President
      3. Vice President
      4. Secretary
      5. Treasurer
      6. Maintenance Officer
      7. Training Officer
      8. Membership Officer
  4. Meetings
    1. Members
      1. Regular Membership Meetings
      2. Annual Meetings
      3. Special Meetings
      4. Quorum
      5. Meeting Protocol
      6. Voting
    2. Board
      1. Regular Board Meetings
      2. Special Board Meetings
      3. Quorum
  5. Sale and Purchase of Assets
    1. Sale of Assets
    2. Purchase of Assets
    3. Maintenance Officer Authorization
  6. Liquidation
    1. Resolution of Assets
    2. Notice of Liquidation
    3. Vote
    4. Dispersal of Funds
  7. Surplus
    1. Year-end Surplus
  8. Books and Records
    1. General
    2. Inspections of Books
    3. Board Proceedings
  9. Notices
    1. Procedure
    2. Waiver
  10. Amendments
    1. Authority
    2. Procedure
    3. Limitations
  11. Rules and Regulations
    1. Procedure
    2. Publication
  12. Flight Time
    1. Flight Time
  13. Dues, Rates and Fuel Purchases
    1. Monthly Dues
    2. Hourly Rates
    3. Fuel Purchases
  14. Share Values
    1. Share Values
  15. Prepaid Dollars
    1. Prepaid Dollars
  16. Aircraft Scheduling
    1. Aircraft Scheduling
    2. Miscellaneous Fees

Contents

  1. Statement of Purpose and Organization
    1. Purpose. The Key City Fliers, Inc. (hereinafter referred to as the “Club”) is a not-for-profit corporation formed to promote aviation safety, education, and fellowship through meetings, social activities and the use by its members of well-maintained, affordably priced aircraft.
    2. Organization. Said Club is organized exclusively for charitable and benevolent purposes and is operated exclusively for pleasure, recreation, and other non-profitable purposes, specifically to provide for suitable aircraft maintenance for operation by its members for personal pleasure or instruction flights. No part of the net earnings of the Club inure to the benefit of any director or officer of the Club or any private individual or member (except reasonable compensation may be paid for services rendered to or for the Club affecting one or more of its purposes as approved by the board of directors).The Club shall not carry on any other activities not permitted to be carried on by (a) a corporation exempt from federal income tax under Sec.501 (c) (7) of the Internal Revenue Code of 1986 or any corresponding provision of any future Internal Revenue Law or (b) by a corporation contributions to which are deductible under Sec.170 (c) (2) of the Internal Revenue Code of 1986 or any future Internal Revenue law.
    3. Principle Office.  The principle office of the Club shall be established and designated by the Board of Directors.
    4. Fiscal Year.  The fiscal year of the Club shall be the year ending 31 December.
    5. Governing Law. The law of the State of Iowa shall be the governing law, and specifically as it defines a Nonprofit organization as follows: “Nonprofit organization” means an organization described in the federal Internal Revenue Code, 26 U.S.C. §501(c)(3), which is exempt from income taxation under 26 U.S.C. §501(a).
  2. Members
    1. Membership
      1. New Members. New members may be admitted to the Club after being approved by the Board of Directors (hereinafter referred to as the “Board”). Any three Board members may approve a new member. The number of members and types of memberships are subject to adjustment and review by the Board. Membership in the Club is not transferable or assignable. Every new member of this corporation shall sign the New Member Responsibility Checklist and be given a copy of these Bylaws upon being admitted as a member.
      2. Active Members. A person admitted to the Club shall be deemed a full member in good standing (hereinafter referred to as an “Active Member”) upon payment of all initiation fees, dues, and satisfaction of all other requirements as set forth by the Board in the Rules and Regulations (hereinafter referred to as the “Rules”).An active member is one who shall be tendered all privileges and benefits within the power of the club to bestow. An applicant for membership shall submit their application and purchase the minimum initiation fee applicable to their membership to the board of directors. The acceptance or refusal of any application shall be altogether at the discretion of the Board of Directors. All monies received by the applicant will be returned in full if the applicant is not approved by the Board of Directors.
      3. Types of Membership
        1. Full Membership. Upon approval as designated in (1.) above, and the payment of necessary dues and charges to the corporation, a full member is entitled to fly all airplanes owned by this corporation (except for student pilots, who are authorized to fly only the designated trainer unless authorized by the board), and is entitled to vote as a member of this corporation and become an officer of the corporation.
        2. Family Membership:  Each member of a family is required to own a share for solo flying, however only one assessment will be made for monthly dues.  A family is defined as a husband, wife, and dependent children.
        3. Limited Membership: $250 Annually. Monthly dues same as full membership. Access to aircraft is limited to the Cherokee 140.
      4. Minors. Members who are minors must present a letter in a form acceptable to, or provided by, the Board. A responsible parent or legal guardian must sign this letter. Such letter shall state that both minor and adult have read and understand the Bylaws and Rules of the Club, and that the parent or guardian will assume full responsibility for the minor member while exercising the privileges of a member of the Club.
      5. Resignation. Any member may withdraw from the Club upon written notification to any board member. Resignation shall not relieve the member from the obligation to pay all amounts due the Club. In hardship cases, a member may petition the Board, in writing, for special consideration in the form of extended payment terms. The Board will review the circumstances and act accordingly on a case-by-case basis. Memberships are not transferable.  The corporation must sell shares to a new applicant for membership before any credit will be issued to the canceling member for his or her initial membership fee. Upon termination of membership for any reason, the member’s hangar key must be returned to the corporation before settlement.
      6. Inactive Status. An Active Member may petition the Board, in writing, for a change in status to an Inactive Member for a period of up to 12 months. After the 12-month period, the member will be given the option of returning to Active Membership status or resigning from the club. The Board will review the circumstances and determine whether the Inactive Status will be granted on a case-by-case basis. Inactive status will only be granted for the following reasons:
        1. Financial Hardship
        2. Compelling Medical
        3. Extended transfer from station. (Occupational, Military, Educational)

        Inactive members will have no flying or voting privileges.

        Inactive members must settle all outstanding financial obligations and return their hangar key before being allowed Inactive Status.

        A member returning from Inactive Status must request readmission from the Board in writing. If accepted, the returning member will be placed at the top of the application list and will be readmitted as an opening occurs. Readmitted members will be responsible for payment of all fees, charges, and other amounts and requirements as determined by the Board.

      7. Delinquent Members. Any member who has failed to pay all monies due to the Club by the invoice due date will be considered a delinquent member. Any member who has an account balance which is delinquent for 30 or more days will be charged a 1.5% interest fee on the unpaid balance per month until he or she is current with his or her payments. A delinquent member will be suspended by the Board from scheduling and flying Club aircraft, and may be moved to Inactive Member status if his or her account is delinquent for a period of at least three (3) months or has an outstanding delinquent amount of $500.00 or more which is over 30 days delinquent. In those circumstances where the Board of Directors has to take legal action for the collection of delinquent accounts, the member will be responsible for all court cost and attorney’s fees incurred by the Club in its efforts to collect the delinquencies. The Club Treasurer or designee will notify the member in writing of such status. A delinquent member may be charged interest and other fees, deposits, and other sums as determined by the Board. A member who is delinquent may have his or her membership terminated by the Board, subject to the right of appeal as provided in ARTICLE II, Section B, and Paragraph 7.
      8. Suspension/Termination. A member may be suspended or his or her membership terminated for reasons other than non-payment of dues by the action of the Board.  Any member who is suspended, or whose membership has been terminated, will have a right to appeal such decision of the Board, subject to the provisions of ARTICLE II, Section B, and Paragraph 7.
    2. Hearings and Termination
      1. Fact Finding. In any case involving the Club as a result of violations of Club Bylaws, Rules, Federal Aviation Regulations (hereinafter referred to as FAR’s), accidents, personal injuries, or damage to Club property or any other property, the Board shall take all steps necessary to ascertain the facts, conditions, and circumstances of such an occurrence and determine whether a hearing shall be called to further address the matter.
      2. Temporary Suspension. Prior to such a hearing, the President may temporarily suspend the flying privilege of any member involved in such an occurrence. This suspension may be given verbally by the President and shall be confirmed in writing within three (3) days via US Mail Return Receipt Requested to the suspended member.
      3. Hearing Notification. Within fifteen (15) days from the time the President receives notice of any such occurrence, written notice in accord with ARTICLE IX shall be given to each member involved and to each member of the Board stating the time, place, and nature of the hearing.
      4. Presentation of Evidence. The Board shall conduct the hearing in a manner that will permit any member or other persons involved in the occurrence to present their version of the incident and to offer evidence in support thereof. Each member involved shall have the right to be heard.
      5. Findings. The Board shall determine the probable cause and/or responsibility for said occurrence and shall take appropriate action. Any decision of the Board that either imposes a financial obligation on a member and/or terminates their membership, shall be made by a two-thirds (2/3) vote of all the Board members. The Board shall give written notice to the parties involved of its findings and actions.
      6. Financial Liability. Any member who deliberately lands an aircraft at any place other than an airport will be totally responsible for any damage or liability caused by the incident with the exception of an emergency landing in which the PIC is not at fault. In the event of an accident or incident for which any member is deemed responsible for damage to Club aircraft or other proper­ty, the mem­ber’s liability shall be limited to the de­ductible amount under the insurance policy for such aircraft and such member shall be responsible for the return of the aircraft to its home base; provided, how­ev­er, if the accident or incident occurs as a result of violation of Club operating rules,  procedures or the FAR’s, the member may then be assessed the full costs to the Club from such accident or incident. All financial obligations imposed on any member as a result of the decision of the Board of Trust­ees shall be due within 30 days of written notice there­of. Furthermore, if any damage or personal injury results from a cause, which is not covered by the corporate insurance policy maintained by the Club, that member shall be liable for the full amount.
      7. Appeal. The member(s) affected may make appeal of any action taken by the Board pursuant to this section to the general membership. The right to a further hearing shall be approved by a majority vote of the Active Members present at any regular or special meeting of the membership. If a further hearing is approved, a six (6) member Appeal Board, composed of one (1) representative of the Board and five (5) members who were not involved in any manner in the occurrence, or related to any member involved, shall be appointed to review the decision of the Board and to conduct further hearings if necessary. If the Appeal Board affirms the decision of the Board, the decision of the Board shall be deemed to be final. If the Appeal Board recommends reversing the findings of the Board, such a reversal must be ratified by a two-thirds (2/3) vote of the members attending any regular or special meeting of the membership.
      8. Terms of Payment. All financial obligations imposed on any member as a result of the decision of the Board or of the Appeal Board shall be satisfied within thirty (30) days of written notice of such decision, unless otherwise determined by the Board or the Appeal Board.
  3. Board of Directors
    1. General
      1. Club Management. The Board shall manage the business and affairs of the Club. The Board shall make and enforce, or delegate authority to make and enforce, all decisions regarding the suitability of equipment, qualifications of members and flight instructors for all flights, and all other operations of the Club. The Board shall promulgate and enforce all rules and regulations pertaining to the use and operation of Club property, and shall determine the amount to be charged for membership fees, monthly dues, flying time, and other amounts for which members are obliged to pay the Club under these Bylaws or the Rules.
      2. Board Composition. The Board shall consist of seven (7) Active members elected by the Active members of the Club, and shall serve as the Board. Board Members-at-large and any vacated positions on the Board shall be filled by a majority vote of the remaining members of the Board.
      3. Term of Office. Each member of the Board shall hold office until the next Annual Meeting of the members or until his successor has been elected.
    2. Officers
      1. General
        1. Composition. The Officers of the Club shall consist of the President, Vice President, Secretary, Treasurer, Maintenance Officer, Training Officer, and Membership Officer.
        2. Election. All the Officers shall be elected at the Annual Meeting.
        3. Removal from Office. Any Club Officer may be removed from office by either a signed petition of two-thirds (2/3) of the Active Club members or by two-thirds (2/3) vote of the other members of the Board.
      2. President
        1. The President shall be the Chief Executive Officer of the Club. He or she shall preside at all Board meetings. In the absence of the President, the Vice President or the President’s designee shall preside over the Board meeting.
        2. The President shall be in charge of the day-to-day affairs and discharge all duties of office for the Club, subject to the direction and control of the Board.
        3. The President shall have the authority to temporarily suspend any member who is involved in any violation of the Club’s Rules, Bylaws, FAR’s, accidents or any occurrence, which in the opinion of the Chairman gives reasonable basis for suspension of the member’s flying privilege, subject to the provisions of ARTICLE II.
      3. Vice President
        1. The Vice President shall assist the President in the discharge of the duties of his or her office.
        2. In the absence of the President, or, in the event of his inability or refusal to act, the Vice President shall perform the duties of President.
        3. The Vice President shall be in charge of coordinating the cleaning of the Club assets and facilities.
        4. The Vice President shall be responsible for coordinating and publicizing programs at Membership meetings and special events.
        5. The Vice President shall perform all duties incident to the Office and such other duties as from time to time, which may be assigned by the President or the Board.
      4. Secretary
        1. The Secretary shall record the minutes of all meetings of the Board and all meetings of the membership.
        2. The Secretary shall see that all notices are duly given in accord with the provisions of the Bylaws or as required by law.
        3. The Secretary shall be custodian of the corporate records and of the seal of the Corporation.
        4. The Secretary shall keep a membership list showing the name and post office address and phone number of each member, which shall be furnished, to the Secretary by the Membership Officer.
        5. The Secretary shall perform all duties incident to the Office and such other duties as from time to time, which may be assigned by the President or the Board.
      5. Treasurer
        1. The Treasurer shall be the principal accounting and financial officer of the Club.
        2. The Treasurer or the bookkeeper/designee shall have charge of, and be responsible for, the maintenance of adequate books and records of account for the Club.
        3. The Treasurer shall have charge and custody of all funds and securities of the Club and be responsible for the receipt and disbursement thereof.
        4. The Treasurer shall execute, in the name of the Club, all checks for the expenditures authorized by the Board. He or she shall receive and deposit all funds in the bank selected by the Board and said funds shall be paid out only by check as provided. He or she shall also account for all receipts, disbursements and funds on hand.
        5. The Treasurer shall be responsible for the timely filing of all local, state and federal registration and tax forms as required by law and as instructed by the Board.
        6. The Treasurer, and/or any other member or person with authority to disburse Club monies, shall be bonded for the faithful discharge of their duties in an amount which may not be less than five thousand dollars ($5,000.00), and with such sureties as the Board shall determine.
        7. The Treasurer shall perform all duties incident to the Office and such other duties as from time to time, which may be assigned by the President or the Board.
      6. Maintenance Officer
        1. The Maintenance Officer is responsible for coordination of the maintenance of Club aircraft, by, or under the supervision of, a certified airframe and power plant mechanic.
        2. The Maintenance Officer shall be responsible for the execution and approval of all required paperwork and invoices upon completion of inspections or repairs.
        3. The Maintenance Officer may appoint Crew Chiefs as necessary to assist with the care of the Club aircraft.
        4. The Maintenance Officer shall perform all duties incident to the Office and such other duties as from time to time, which may be assigned by the President or the Board.
      7. Training Officer
        1. The Training Officer shall coordinate all flight training and educational programs for the Club. It shall be the Training Officer’s responsibility to develop appropriate proficiency checks for the members as administered by the Club’s flight instructors.
        2. The Training Officer shall have primary responsibility for Club relationships with CFIs and CFIIs who wish to instruct in Club Aircraft.  He or she shall review their credentials and keep them apprised of the Rules and training requirements.
        3. The Training Officer shall maintain a current list of Club-approved instructors.  This list shall be made available to the Members.
        4. The Training Officer shall perform all duties incident to the Office and such other duties as from time to time, which may be assigned by the President or the Board.
      8. Membership Officer
        1. The Membership Officer shall be in charge of, or delegate responsibility for, maintaining the Club membership kit.
        2. The Membership Officer shall be responsible for the system of scheduling the Club aircraft.
        3. The Membership Officer shall publish and circulate up-to-date membership lists at least once every three months and ensure that a copy of this list is placed in each aircraft.
        4. The Membership Officer shall perform all duties incident to the Office and such other duties as from to time, which may be assigned by the President or the Board.
  4. Meetings
    1. Members
      1. Regular Membership Meetings. Regular Membership Meetings shall be held at a time and place determined by the Board and specified in the Rules, except as herein provided.
      2. Annual Meeting. The Annual Meeting of the Club shall be held during the month of April, for the purpose of electing the Officers of the Club, and for the transaction of such other business as may come before the meeting. Notice of the Annual Meeting shall be given to each member at least five (5) days and not more than forty (40) days before the date of said Annual Meeting.
      3. Special Meetings. The President may call special Meetings of the members, three or more members of the Board, or by the written petition of at least 20% of the Active Members. In the case of a Special Meeting called by the Active Members, it shall be the duty of the Secretary to call such meeting within 30 days after such petition has been received by the Secretary. Notice of a Special Meeting of the members, stating the time, date, place, and, in general terms, the purpose of the meeting, shall be given in writing at least five (5) and not more than forty (40) days before the date of such meeting.
      4. Quorum. At any meeting of the members, a quorum shall consist of 20% of the Active Members.
      5. Meeting Protocol. The President, Vice President, or, in their absence, a Presiding Officer selected from the remaining Club Officers in attendance or from the Active Members present shall preside over the meeting of the members. Robert’s Rules of Order shall be observed unless otherwise covered by the Bylaws. The Presiding Officer shall call the meeting to order and conduct any necessary business.
      6. Voting.  In matters requiring a vote by the membership, each Active Member shall have one (1) vote.  A simple majority of the Active Members present at a meeting at which a quorum is present shall be required for the adoption of any resolution and/or for the election of Club Officers.
    2. Board
      1. Regular Board Meetings. Regular Board meetings shall be held at a time and place determined by the Board and specified in the Rules. Parliamentary procedures will be followed and minutes will be kept at all board meetings.
      2. Special Board Meetings. Special meetings of the Board may be called by the President, or three (3) or more members of the Board. Notice of special meetings of the Board stating the time, date, place, and the general purpose of the meeting shall be given to each Director at least two (2) days before the day of the designated meeting.
      3. Quorum. Two-thirds (2/3) of the Directors shall constitute a quorum at all regular and special meetings of the Board. A simple majority of the Directors present shall be required to pass any resolution or authorize action by the Board, except where otherwise required by these Bylaws.
  5. Sale and Purchase of Assets
    1. Sale of Asset(s). Except in the case of the sale of all, or substantially all, of the Club’s assets, which is governed by ARTICLE VI, all sales of Club assets having a value in excess of one thousand dollars ($1,000.00), must be approved by two-thirds (2/3) vote of the Board. Unless it is otherwise determined by two-thirds (2/3) vote of the Board, all such sales of the Club’s assets having a value in excess of one thousand dollars ($1,000.00) must be subject to competitive bidding under conditions to be determined by a majority of the Board.
    2. Purchase of Asset(s). Any purchase of assets in excess of one thousand dollars ($1,000.00) shall be approved by either a majority of the Board, or a majority of a Committee appointed by the Board for said purpose. Any such Committee must consist of an odd number of no less than three (3) members and shall be subject to all guidelines and other directions given to the Committee by the Board. The appointment of the members to serve on any such Committee and the guidelines and directions given such Committee shall be approved by two-thirds (2/3) vote of the Board.
    3. Maintenance Officer Authorization. The Maintenance Officer, with the approval of two (2) other Board members, may authorize payments up to four thousand dollars ($4,000.00). Such authorization is limited to annual inspections, repairs, or replacements.
  6. Liquidation
    1. Resolution of Liquidation. Any sale of all, or substantially all, of the assets of the Club, or liquidation or dissolution of the Club shall be made pursuant to a resolution adopted by two-thirds (2/3) vote of the Board. Such resolution must recommend that all, or substantially all, of the Club’s assets be sold, or that the Club be liquidated or otherwise dissolved.
    2. Notice of Liquidation. Notice of any Membership Meeting to liquidate or dissolve must be given to all members at least five (5) and not more than forty (40) days before such meeting, and must state the time, date, place, and purpose of the meeting.
    3. Vote. Any resolution to liquidate or dissolve must be adopted by a two-thirds (2/3) vote of the Active Members present at the meeting called for that purpose.
    4. Dispersal of Funds. After payment of all obligations of the Club have been made, or, if adequate provision has been made for all such obligations, any remaining surplus shall be distributed equally to all Active Members of the Club as of the date the resolution referred to in Paragraph 1 above, was adopted.
  7. Surplus
    1. Year-end Surplus. Any annual net surplus or savings remaining after all operating costs and other expenses have been paid shall remain in the Club’s Treasury for the purchase of new equipment, reducing hourly rates, or for maintaining proper reserves as shall be determined by the Board.
  8. Books and Records
    1. General. The Club shall keep correct and complete books and records of account and shall also keep minutes of the meetings of its members, Board, and committees having any of the authority of the Board.
    2. Inspection of Books. Any member may inspect all books and records, excluding those determined to be private, for any proper purpose at a reasonable time.
    3. Board Proceedings. The Board shall maintain a complete record of all its actions and proceedings and present a statement of such at the regular member meetings of the Club. These public records shall exclude actions carried out in Executive Sessions closed to the general membership and public, which involve a specific member or members. Such actions will be considered confidential between the Board and the affected member(s), unless the Board by majority vote, or the affected member(s) in writing, authorize(s) such action(s) to be made public.
  9. Notices
    1. Procedure. Any notice permitted or required to be given to any member under the provisions of these Bylaws, or under the Rules of the Club, shall be given in writing and sent first-class mail, postage prepaid, and shall be addressed to the address of the member involved as it appears on the records of the Club. Notice shall be deemed delivered when deposited in the U.S. Mail, postage prepaid, and addressed to the address of the member as it appears on the Club records. If the time for giving notice should fall on a Saturday, Sunday or Holiday, then the time shall be extended to the first day after any such Saturday, Sunday, or Holiday.
    2. Waiver. Whenever any notice is required to be given under the provisions of the General Not For Profit Corporation Act of Iowa or under the provisions of the articles of incorporation or the Bylaws of the Club, a waiver thereof in writing signed by the person or persons entitled to such notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice.
  10. Amendments
    1. Authority. The power to alter, amend, or repeal the Bylaws or adopt new Bylaws shall be vested in the board of directors.
    2. Procedure. Such action may be taken at a regular or special meeting for which written notice of the purpose shall be given at least five (5) days but not more than forty (40) days in advance, and shall require a two-thirds (2/3) vote of the board members present at any such meeting.
    3. Limitations. The Bylaws may contain any provisions for the regulation and management of the affairs of the Club not inconsistent with law or the articles of incorporation.
  11. Rules and Regulations
    1. Procedure. Rules affecting members and the day-to-day business and operation of the Club equipment shall be adopted at any regular or special meeting of the Board by a two-thirds (2/3) vote of the Directors present.
    2. Publication. These changes are to be published in the Club monthly newsletter and incorporated into the “Operating Rules” of the Club.
  12. Flight Time
    1. There shall be no limit on the number of hours a member may fly.  Each member of the corporation, at the conclusion of each flight, shall place the flying time for such flight on a record form provided for this purpose.  Bills for such flying time, for membership dues, and other pertinent charges computed at the then current rate shall be due and payable by the 30th of each month following the billing month.
  13. Dues, Hourly Rates and Fuel Purchases
    1. Monthly Dues. The Board of Directors shall establish the monthly dues, from time to time.
    2. Hourly Rates. The Board of Directors shall establish hourly rates for flying from time to time.
    3. Fuel Purchases. All fuel purchases other than those purchased at the Club’s home airport (KDBQ) shall be reimbursed at the same price or less than those prices charged at KDBQ.
  14. Share Values
    1. Share Values. The Board of Directors shall establish the value of member’s shares from time to time.
  15. Prepaid Dollars
    1. Prepaid dollars
      1. Each member is expected to fly a minimum average of one (1) hour per month in any given twelve-month period.  In the event that this does not occur, a $100.00 charge will be included on that month’s bill for each month where the running 12-month average is less than one hour.
      2. Prepaid dollars will be accrued and can only be used toward future flying charges.
      3. Prepaid dollars will not be refunded or sold to other members.
      4. Active member to whose account the Prepaid dollars were credited to, can only use those prepaid dollars. Inactive or former members cannot use prepaid dollars.
      5. The amount of Prepaid dollars any member may acquire at any one time will be limited to $1000.00.
      6. After the limit of $1000.00 Prepaid dollars is reached, a nonrefundable $50.00 Prepaid dollar surcharge will be assessed each month where the running 12-month average is less than one hour and until such time as the members Prepaid dollar balance is below the $1000.00 limit.
      7. The Board of Directors shall establish the value of Prepaid dollars from time to time.
  16. Aircraft Scheduling
    1. Aircraft Scheduled for Extended Periods. For aircraft scheduled for more than 24 hours, a minimum of one hour’s flying time per day may be charged for each day the aircraft is scheduled and unavailable to the membership. Unless there is a valid reason for the lack of use of the aircraft.
    2. Miscellaneous Fees. Members are personally responsible for hangar fees, ramp fees, preheat and deicing services, oxygen services and any other fees not covered by the by-laws of the Club. No member, officer, director or any other individual shall obligate the Club to any purchase, repair or service in any manner without the approval of the Board of Directors.