Agenda - 03-22-2012-11a - Laserfiche WebLink

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~"G!C~ ~ BY-LAWS PIEDMONT FOOD AND AGRICULTURAL PROCESSING (PFAP) CENTER CORPORATION TABLE OF CONTENTS Article I NAME ........................................................................................... .....................................4 Section 1.01 Name ...................................................................................... .....................................4 Article II. ORGANIZATION ......................................................................... .....................................4 Section 2.01 Organization ........................................................................... .....................................4 Article III. MISSION AND PURPOSE ....................................................... .....................................4 Section 3.01 Purposes ................................................................................. .....................................4 Section 3.02 TaY Exempt Status ................................................................. .....................................5 Section 3.03 Limitation .............................................................................. ......................................5 Article N. OFFICE AND REGISTERED AGENT ................................... ......................................5 Section 4.01 Office .................................................................................... ......................................5 Section 4.02 Registered Office and Registered Agent ............................... ......................................5 Section 4.03 Changes ................................................................................. ......................................5 Article V. MEMBERSHIP ............................................................................. ......................................5 Section 5.01 Membership .......................................................................... ......................................5 Article VI. BOARD OF DIRECTORS ~«BOARD") .................................. ......................................6 Section 6.01 Composition .......................................................................... ......................................6 6 Section 6.02 .................................................................................... Terms ............... "' 6 Section 6.03 g ty ................. Vacancies and Ineli ibili •••••-•••••••••••••••••-•••••--•••• ••••••••••••••••••••••••••~••••••••••~ Section 6.04 ................................................................................ Removal ... •••••-••••••~-~""""""""""6 Section 6.05 Resignation .............................. ............................................. ......................................7 Section 6.06 Membership Restriction ....................................................... .......................................7 Section 6.07 Compensation ...................................................................... .......................................7 Section 6.08 Duties ................................................................................... .......................................7 ............................................................................. Article VIL MEETINGS .......... ..........................~..7 Section 7.01 Place of Meetings ................................................................. .......................................7 Section 7.02 Annual Meetings .................................................................. .......................................7 Section 7.03 Regular Meetings .................................. ............................... .......................................7 Section 7.04 Special Meetings .................................................................. .......................................8 Section 7.05 Informal Action .................................................................... .......................................8 Section 7.06 Form of Notice ..................................................................... .......................................8 Section 7.07 Waiver of Notice; Presumption of Assent ........................... .......................................8 Section 7.08 Quorum ............. ..........................................••-.._................... .........................••----••---...8 8 Section 7.09 ................................................... Manner of Acting .............. ....................................... 8 Section 7.10 Participation in Meetings by Electronic Communications .. ....................................... Article VIII. COMMITTEES OF THE BOARD AND FOCUS GROUPS ........................................8 Section 8.01 .................................................... Committees of the Board .............. •••••••-~-""'~g Section 8.02 Meetings .............................................................................. ........................................9 3