Skycrafters, Inc., operates under a “Not for Profit” State of Tennessee Charter. By-Laws, authorized by the Charter, set forth all rules and regulations for the management and operation of the club. The By-Laws state that a Board of Directors be the governing body of the club. Up to nine Board members are authorized. At least five regular Board members serve 3-year terms, and remaining Board members serve 1-year terms. The terms are staggered as nearly as possible so that not more than two regular Board member’s terms will expire in any one year.
Regular members elect Directors at the Skycrafters Annual Meeting held during January. Proxy voting is permitted. Following the annual meeting, the Board or Directors elects the Club officers from the membership of the Board for 1-year terms. The By-Laws authorize the Board of Directors and Club officers to manage the Club subject to restrictions retained by the total membership. The Board is required to meet at least quarterly, but normally meets more frequently.
The By-Laws extend the Board a wide range of authority to manage the club including, but not limited to, the following:
A. Determine flying rates.
B. Determine monthly dues.
C. Assessment of members of up to an annual limit for unusual and unplanned expenses.
D. Administer the Associate Member Program.
E. Approval of all transfers of membership.
F. Expulsion of members for non-payment of billings and sale of such shares to recover unpaid moneys.
G. Determination of which companies or individuals may perform maintenance on Club aircraft.
H. Scheduling of aircraft time for maintenance and for local flying activities or special events.
I. Approval of trips during which an aircraft will be away from the home station for more than 14 days.
J. Set aside moneys for various reserves including:
1. Engine major overhaul (firewall forward).
2. Annual inspections
3. Airframe improvements
4. Capital improvements
5. Other
K. Grounding of aircraft for maintenance and/or safety reasons
Responsibilities of the Board of Directors include, but are not limited to:
A. Maintaining the financial solvency of the Club.
B. Maintaining insurance coverage as set forth by the By-Laws.
C. Providing reasonable maintenance for each aircraft.
The Board is not empowered to purchase, trade or sell aircraft or purchase major additions for the aircraft or modify aircraft scheduling as set forth in the By-Laws or make any other By-Law changes.
By-Law adoptions, amendments or deletions must be approved by a two-thirds vote of the members present or represented at a regular or special meeting.
With regard to measures the Board will take to preserve the rights, privileges, and equity of the members when one or more members is found to be in violation of Club By-laws and operating procedures or is in arrears regarding financial obligations to the Club, the following has been adopted as a guideline:
First offense–Member will be called to meet with the Board of Directors to review the offense(s) and to hear the member’s side of the story. Agreement will be reached as to resolution of the problem.
Second Offense-Member will be suspended of his/her flying privileges for a period of 30 days.
Third offense–Member’s share will be put up for sale and member’s flying privileges suspended permanently.