As amended December 12, 1981; October 20, 1988; November 22, 1992; and October 29 2005.
The Board of Directors shall govern and manage the property of the Club and the appropriation of its funds, authorizing contracts and purchases.
For the better execution of their power and duties, the Commodore, with the approval of the Board, shall appoint such Committees as occasion may require, and they deem necessary and shall define the duties thereof.
It shall be the duty of the Board to prescribe and publish By-Laws and Rules regulating the use, occupancy, care and protection of the Club property.
The Board of Directors shall meet for the transaction of business once each month, for a minimum of 10 monthly meetings, or at the discretion of the Commodore, or of any three members of the Board. Six members shall constitute a quorum.
At the Fall General Meeting of the Club, the Board of Directors shall make a full report of their activities during the preceding year and recommend such measures as they may deem advisable.
Any Officer or member of the Board of Directors who shall be absent from three consecutive monthly meetings of the Board, unless that person shall have previously obtained permission from the Commodore to be absent, or shall present a satisfactory excuse for an absence to the Commodore, shall be deemed to have resigned as a member of said Board and so advised in writing by the Secretary. The resulting vacancy shall be filled as provided in Article III, Section 3.