North Channel Yacht Club Membership Roster 2025

ARTICLE XIII. CASH RESERVE & MAJOR CAPITAL EXPENDITURE FUND The Cash Reserve & Major Capital Expenditure Fund is hereby created to set aside monies to be used for Long Term Major Capital expenditures in excess of $10,000, intended to preserve, restore, or protect the clubhouse, Club properƟes, or other principal Club assets. COMMITTEE The CommiƩee will consist of the immediate Past Commodore, the Commodore, and three lay members. The immediate Past Commodore will chair the CommiƩee. Upon creaƟon of the CommiƩee the term of the first lay member shall be three years, the term of the second lay member shall be two years, and the term of the third lay member shall be one year. ThereaŌer, the term of each lay member shall be three years with one lay member reƟring from the commiƩee each year. The membership shall elect a new lay CommiƩee member each year from at least two candidates presented by the NominaƟng CommiƩee. In the event of a vacancy on the CommiƩee, the Board of Directors shall appoint an eligible member to fulfill the remainder of the vacant term. Each CommiƩee member must be a voƟng member-in-good- standing of the Club for at least two years. A member may not be elected or appointed who has served on the CommiƩee in any of the previous three years.

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