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ARTICLE VII. Annual Dues Section 1. The annual dues of Active Members shall be $12.00 a year until the first Annual Meeting, and thereafter as prescribed at the Annual Meeting. The annual dues of other classes of members shall be prescribed from time to time by the Board of Directors. Section 2. The Treasurer of the Association, with the concurrence of the Board of Directors, may adjust annual dues to a fiscal or calendar year basis so as to cause all memberships to begin and expire on the same day of the year. Section 3. A suspended member shall be liable for his dues during the period of his suspension. ARTICLE VIII. Discipline Section 1. Any member may be suspended or expelled for cause, including any conduct which in the judgement of the Board of Directors is improper, prejudicial or detrimental to the Association, by the vote of three-fourths of the members of the Board of Directors present at a meeting, provided that all members of the Board of Directors shall have been notified that the proposed suspension or expulsion was to be acted upon at the said meeting. Section 2. The By-Laws shall provide for notice of, and hearing upon any charges prior to suspension or expulsion, except for non-payment of dues or other indebtedness to the Association. ARTICLE IX. Amendments Section 1. This Constitution may be amended only by a two-thirds vote of the persons entitled to vote and voting thereon at an Annual or Special Meeting of the Association, and provided that notice of the proposed amendment shall have been given by the Secretary to the Active Members of the Association by mail at least thirty days before the meeting at which the amendment is offered, and provided further that it may be amended by unanimous vote of those present at any Annual Meeting without notice. Prior to the first Annual Meeting the Board of Directors shall have power to amend this Constitution without compliance with the provisions of this article. Section 2. The Secretary shall give such notice of any proposed amendment provided such proposed amendment is filed with the Secretary at least forty-five days prior to the date of the said meeting and upon the written request of a majority of the members of the Board of Directors or of one hundred Active Members in good standing who shall have subscribed their approval thereof. 6 ARTISTS EQUITY ASSOCIATION B Y - L A W S ******* ARTICLE I. Officers Section 1. Honorary President. The Honorary President shall be ex officio a member of the Board of Directors and shall give to the Association his guidance and advice in the manner and to the extent which he may in his discretion determine, and shall perform such other functions as the Board of Directors with his consent shall from time to time determine. Section 2. The President. The President shall exercise the powers and perform the duties assigned to him by the Constitution and By-Laws and be the Chief Executive Officer of the Association, and as such, subject to the Constitution and By-Laws, shall generally supervise the management of its affairs. He shall have full power to enforce the provisions of the Constitution, By-Laws and the will of the members. He shall preside at the meetings of the members and shall be Chairman of the Board of Directors. He shall perform such other duties as are usually incident to the office. Section 3. The Vice Presidents. The Vice Presidents shall perform such duties as may be assigned to them by the Constitution and By-Laws and perform such other duties as are usually incident to the office. The Board of Directors shall prior to election designate the Vice-Presidents, in the order of their seniority, to discharge the duties of the President, whenever, in the discretion of the Board of Directors, the disability or absence of the President makes such designation advisable. Section 4. The Secretary. The Secretary shall keep a record of the proceedings of all meetings of the Association, and of all other matters of which a record shall be ordered by the Association. He shall notify the officers, members of the Board of Directors, and all members of Committees of their election or appointment, and shall issue notices of all meetings. He shall perform such other duties as may, from time to time, be assigned to him by the Constitution and By-Laws of the Association and by the Board of Directors, and shall perform such other duties as are usually incident to the office. Section 5. The Treasurer. The Treasurer shall collect and disburse all funds of the Association and be the custodian of such funds. He shall keep regular accounts in books belonging to the Association, which shall be open to the inspection of any member of the Board of Directors. He shall make annual reports at each annual meeting upon the condition of the treasury and at such other times as shall be requested by the Board of Directors or by the President. He shall perform such other duties as may be assigned to him by the Constitution and By-Laws of the Association, and shall perform such other duties as are usually incident to the office. The Association shall retain an independent Certified Public Accountant to make an annual audit of the books. Section 6. All officers or other persons authorized by the Board of Directors to deal with the funds of the Association shall be appropriately bonded. 7