Elegant Living Home Investment Club Charter

The 'Elegant Living Home Investment Club' is an association of homebuyers and homeowners formed to represent their collective home investment interests.
The club represents members located worldwide.

The Club's purpose

Coordinate the members' efforts in matters of:

• Capital development, equity improvement, and financial security 
• Home acquisition and (short term) repayment of home mortgages
• Communicating with members, stimulating recreational investments in homes, equity appreciation, the community, and other clubs.

Provide club members a forum:

• To promote homebuyer membership, and participation locally and regionally
• To voice their opinions and participate in home investor organization
• To provide credibility with bankers, lenders, potential sponsors, and Real Estate Developers
• To expand individual home investments in Massachusetts and beyond.

Membership

Creed:
Determined by the bond of humanity, I pledge to incorporate and cooperate with my fellow members to achieve civility and prosperity: to be a facilitator and to be facilitated by the membership to achieve the blessing of free and full homeownership. I will be true and honest in my dealings and exchanges with my fellow members at all times, and follow the rules and directives of this Club. I will represent all that is good about Elegant Living and develop bonds of friendship with the membership.

CHARTER MEMBERSHIP:
Full sponsored club organization membership with a permanent incorporated voting status on FRIENDSFORLIFE INTERNATIONAL Board. The member must be a continuously involved club member for over 3 years. Must have held club office, run a club, and help grow and maintain Club membership status.

CLUB MEMBERSHIP:
Full membership with referral duty and responsibilities and leveraging rights. Must pay annual membership fees and club dues and participate in share equity investment leveraging exchanges. Must hold office and/or refer ten or more people to the Club each year for entitlement to full benefits and courtesies of the Club.

AFFILIATE MEMBERSHIP:
Declared members with or without voting rights, duties, and responsibilities of full membership. Responsibilities limited to establishing referral fee agreements with home sellers and the club, and the rights include attending club meetings for promotion purposes.

Benefits

* One-year membership in the 'Elegant Living Home Investment Club'
* A membership guidebook and manual
* Free 'ABC' Club mailings and newsletters
* Referral fees that equals and exceeds the shared equity that leverage acquisitions
* Discounts from selected club merchandise and participating businesses
* Charter member opportunities and business ownership at pre-set membership prices.

Fees And Dues Schedule

Responsibilities

MINIMAL: (All membership levels)

• Maintain active club status and dues
• Support the Club, its sponsors, and its members and friends
• Assist with member recruitment and business education
• Give assistance to new members and visitors
• Abide by Club rules of courtesy, integrity, and responsibility

LIMITED: (Affiliate Memberships)

• All 'Minimal' responsibilities
• Must attend a meeting a year
• Must present and promote property for sale
• Provide signed seller referral fee agreements

FULL: (Sponsored Club Memberships)

• All 'Unlimited' club responsibilities
• Entitled to attend International Board meetings
• Must direct or co-direct a major event or program (achieving 100 members in 1 / year)
• (Only Charter members and the Board of Directors are allowed to vote at board meetings)

Suspension of Club Membership

Club Presidents may suspend members for any of the following: Repeated unethical conduct, such as: refusal or inability to discharge financial obligations to the club, any member, or other entities contracted or contacted by the club: members who use and display inflammatory and obscene language or conduct, excessive displays of anger, overt disrespect, threats of physical harm, and acts of violence to anyone present.

• Willful destruction or harming of club or member's property, plant life, or pet animals
• Cheating: A willful attempt to cheat or circumvent the rules for personal gain
• Activities that are in violation of the law, fair exchange, or Club rules

All suspensions shall continue for a minimum duration of eight scheduled meetings or sixty days, whichever is more, and suspended members can only be reinstated by reapplication and having two-member advocates in support of his/her membership. The suspended member must address the Club. A 75% membership quorum must be present at the meeting and a positive simple majority vote will be required for reinstatement. During a suspension, the suspended party loses all Club privileges and voting rights. There will be NO reimbursement of Club dues. A suspended member that is denied reinstatement may reapply the following year but is subject to the same voting approval requirement at that time.

OPERATIONAL PROCEDURES

OPERATING PRocedure

The Club shall conduct meetings and business in a parliamentary manner with members voting on appointed executives to the positions of secretary, assistant secretary, treasurer, and trustee. The election of an Executive is specifically to conduct club business based on the input from the objectives of the club membership.

• A quorum of 50% of the active membership must be present in order to conduct a vote. The presence of 30% of the club membership, and two executive members or standing Club officers must be present to convene a meeting and meet a Club quorum.
• A simple majority of a quorum is required to pass or deny a resolution.
• A 75% club majority is required to pass or deny a Referendum, amend the Charter, or to reinstate a suspended member or officer.

CLUB MEETINGS AND ELECTIONS

* Weekly Meetings: The Club shall meet at the established place of meeting (unless notified at least three hours by e-mail or phone of an emergency change of schedule) which will be made known to every member.

* Annual Meetings: The Club shall meet in November for the annual (Thanksgiving) meeting. The annual meeting shall consist of a banquet and acknowledgements of past and present Club Presidents. At this meeting, voting for Referendums or Charter changes, membership polls, and new club annual meeting scheduling.

* Council Meetings: Supplementary quarterly meetings of the Club officials and Charter members to discuss long range goals, appointments, special projects, or emergency situations.

* Absentee Voting: Members who are unable to attend annual meetings may submit an absentee vote for matters of interest to them by submitting their opinion / vote to the Chairman in writing prior to the meeting. This does not replace the member's duty to attend meetings.

REFERENDUMS

Some Club business may be too important to decide at a monthly meeting of The International Club and may require a vote of the executive at annual meetings or at specially scheduled meetings. These Referendums must be voted on by a full quorum and approved by a 75% majority of the quorum.

ADMINISTRATION

An Executive Club officer shall oversee all official Club operations. It shall be the duty of all executive officers to do their best to serve the local Club and to fulfill their responsibilities. Officers are required to attend Club and Board meetings where applicable. Only active members may be elected to hold any office. An executive officer may be removed from office by a 75% vote by the International Club Board. All Club officers, may at the time of providing their executive service, apply for International Board membership. All membership terms shall be for one-year periods.

Chairman of the Board:
The Chairman shall preside over meetings and direct International Club operations. The Chairman shall review charter club applications and volunteer executive appointments, and executive appointees application to the International Board. The Chairman shall be a FRIENDSFORLIFE INTERNATIONAL member and official. The Chairman shall be Sergeant-at-Arms and administer all judgments related to Club rules. The Chairman may appoint temporary replacements for officials who cannot complete their terms. The First Chairman is the standing Director who can only be succeeded by a choice successor, who is first appointed as a Vice-Chairman and elected by the Board of Directors.

Vice-Chairman of the Board:
The Vice-Chairman shall assist the Chairman and shall be second in charge when ever the Chairman is not available. The Vice- Chairman shall be a Contributing member of FRIENDSFORLIFE INTERNATIONAL and past Club Executive and elected by the International Board of Directors. There may be one or more Vice-Chairmen by exclusive appointment of The Chairman.

Director of Finance:
The Finance Director shall manage, account, and disperse all Club funds incoming and outgoing. This officer shall provide financial status reports at International Club monthly meetings and at the annual meetings.

Director of Membership/Communication:
The Membership Director shall oversee all aspects of membership including but not limited to: collection of membership fees, dues, maintaining club databases, correspondence with local club presidents and executive members, and regular projects to help grow the Club. This officer shall oversee the Club web site and maintain the Club email address. The Club shall pay for all service charges.

Director of Promotions:
The Director of Promotions shall be responsible for Club public relations. This includes notifying media of special events and contacts with the respective home investment clubs. This officer shall coordinate fund raising efforts through equity sharing, with Club Presidents for specific capital development events, and shall accept applications and appoint leaders and staff for special job promotions.

Director of Programming:
The Program Director shall oversee all Club meetings and events. This officer shall coordinate scheduling (within the International Club and with Charter Clubs), organizational and leadership events including but not limited to: all sanctioned and non-sanctioned developments and special events. The Programming Director shall accept applications and appoint Event Directors and help recruit volunteers.

Director of Facilities:
The Facilities Director shall be responsible for Real Estate inventory and management, property acquisition, improvements and development. This officer shall conduct monthly coordination and project planning meetings. The Chairman must approve all acquisitions, improvements, developments, and sale of property.

Appointments and Committees:
All Directors are encouraged to create committees, from among Club Presidents before proposing any projects requiring expenditure or Club's assets. It is not the intent that Directors do all the work to bring projects to the Board, but that the work gets done. This also helps to develop future club leaders and officers. The Chairman of the Board shall review all appointments and approve every membership. All appointments and committees shall be selected on a volunteer basis from within the Club. All appointees and committee members must be members in good standing with the Club. A person may be appointed by vote to more than one executive directorship. If one of the directorships goes unfilled, the duties of that position are to be divided among the other standing executive directors.

Each member of the International Board and Charter Club Presidents will have one vote per person and one vote per Club, during Board meetings. The Chairman may cast the deciding vote in the event of a tie. These are the Charter Articles of clubs that are sponsored by FRIENDSFORLIFE INTERNATIONAL and DOORSANDFLOORSPLUS, LLC.

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