http://openluna.org/wiki/index.php?title=Draft_-_MINUTES_of_1st_and_Organizational_Mtg._of_Members;_%26_Board&feed=atom&action=historyDraft - MINUTES of 1st and Organizational Mtg. of Members; & Board - Revision history2024-03-29T04:48:08ZRevision history for this page on the wikiMediaWiki 1.20.3http://openluna.org/wiki/index.php?title=Draft_-_MINUTES_of_1st_and_Organizational_Mtg._of_Members;_%26_Board&diff=548&oldid=prevPaul: formatting of the header2009-06-15T05:28:27Z<p>formatting of the header</p>
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<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div> </div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline"><center></ins>of the<ins class="diffchange diffchange-inline"></center></ins></div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div><del class="diffchange diffchange-inline">                                          </del>of the</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">=== <center></ins>FIRST AND ORGANIZATIONAL MEETING<ins class="diffchange diffchange-inline"></center> ===</ins></div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div> </div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline"><center></ins>OF<ins class="diffchange diffchange-inline"></center></ins></div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div><del class="diffchange diffchange-inline">                              </del>FIRST AND ORGANIZATIONAL MEETING</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">=== <center></ins>'''OPENLUNA FOUNDATION, INC.'''<ins class="diffchange diffchange-inline"></center> ===</ins></div></td></tr>
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<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div><del class="diffchange diffchange-inline">                                </del>'''OPENLUNA FOUNDATION, INC.'''</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div></div></td></tr>
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</table>Paulhttp://openluna.org/wiki/index.php?title=Draft_-_MINUTES_of_1st_and_Organizational_Mtg._of_Members;_%26_Board&diff=531&oldid=prevRick Reeser-CPA: final - MINUTES of 1st & Org. Mtg.2009-06-11T05:51:56Z<p>final - MINUTES of 1st & Org. Mtg.</p>
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<td colspan='2' style="background-color: white; color:black;">Revision as of 05:51, 11 June 2009</td>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>                                         M I N U T E S  </div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>                                         M I N U T E S  </div></td></tr>
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<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div><del class="diffchange diffchange-inline">                            </del>FIRST AND ORGANIZATIONAL MEETING</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">                              </ins>FIRST AND ORGANIZATIONAL MEETING</div></td></tr>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>                                             OF</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>                                             OF</div></td></tr>
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<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div><del class="diffchange diffchange-inline">                              </del>'''OPENLUNA FOUNDATION, INC.'''</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">                                </ins>'''OPENLUNA FOUNDATION, INC.'''</div></td></tr>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>BE IT REMEMBERED, that the First and Organizational Meeting of the Founding Members and the Board of Directors of the OPENLUNA FOUNDATION, INC., (a Colorado nonprofit corporation) was called and held at the principal office at 9883 Pearl Street, Thornton, Colorado, at 8:00 p.m., MDT, on June 10, 2009, pursuant to a Notice and Call therefore.  Attending in person was Richard M. Reeser, and by tele-conference, Paul G. Graham and the Founding Members whose names appear on Exhibit A, attached hereto and incorporated herein by this reference.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>BE IT REMEMBERED, that the First and Organizational Meeting of the Founding Members and the Board of Directors of the OPENLUNA FOUNDATION, INC., (a Colorado nonprofit corporation) was called and held at the principal office at 9883 Pearl Street, Thornton, Colorado, at 8:00 p.m., MDT, on June 10, 2009, pursuant to a Notice and Call therefore.  Attending in person was Richard M. Reeser, and by tele-conference, Paul G. Graham and the Founding Members whose names appear on Exhibit A, attached hereto and incorporated herein by this reference.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>Mr. Reeser, the Incorporator, called the Meeting to order and asked Mr.Graham to serve as Chairman, with Reeser offering to serve as the Secretary for this Meeting.  Mr.Graham advised the conferees that we should first discuss and adopt the proposed By-Laws, a copy of which has been made available for every Founder to review, and he advised that it had been suggested to take such action regarding the By-Laws, subject to the provision concerning Member Dues, and to address that part by a separate resolution on Dues <del class="diffchange diffchange-inline">- 1.]amount, 2.]frequency of payments, 3.]student initiation fees or reduced Dues, and 4.] any other Dues-related matters</del>.  A third item would be the nominations and votes to select an initial Board of Directors.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>Mr. Reeser, the Incorporator, called the Meeting to order and asked Mr.Graham to serve as Chairman, with Reeser offering to serve as the Secretary for this Meeting.  Mr.Graham advised the conferees that we should first discuss and adopt the proposed By-Laws, a copy of which has been made available for every Founder to review, and he advised that it had been suggested to take such action regarding the By-Laws, subject to the provision concerning Member Dues, and to address that part by a separate resolution on Dues.  A third item would be the nominations and votes to select an initial Board of Directors.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>Following discussion, and upon a Motion duly made, Seconded, and carried <del class="diffchange diffchange-inline">[by a vote of __ 'yea's </del></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>Following discussion, and upon a Motion duly made, Seconded, and carried unanimously, '''it was resolved,'''to <ins class="diffchange diffchange-inline">authorize </ins>the <ins class="diffchange diffchange-inline">Board </ins>of <ins class="diffchange diffchange-inline">Directors to add to or modify the classes of Membership</ins>, <ins class="diffchange diffchange-inline">by appropriate resolutions; and</ins>, <ins class="diffchange diffchange-inline">after </ins>further discussion, and upon Motion duly made, Seconded, and carried unanimously, '''it was resolved,'''to establish the annual dues for General Members at $<ins class="diffchange diffchange-inline">50</ins>.00; that such Dues may be payable in quarterly installments; that annual dues will become due and payable on July 1st, at the start of each new fiscal year; and that Dues for new Members may be pro-rated to not less than quarterly, based on the date such Member is accepted, in accordance with Article I, Section 4 of these By-Laws; and <ins class="diffchange diffchange-inline">finally, upon Motion duly made, Seconded and carried unanimously, </ins>'''it was further resolved,'''<ins class="diffchange diffchange-inline">to approve these By-Laws as presented </ins>and <ins class="diffchange diffchange-inline">as modified </ins>and <ins class="diffchange diffchange-inline">amended herein</ins>.  Based on the approvals of these resolutions, the Chairman declared that the By-Laws are hereby adopted.</div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div><del class="diffchange diffchange-inline">to___ 'nay's/</del>unanimously<del class="diffchange diffchange-inline">]</del>, <del class="diffchange diffchange-inline"> </del>'''it was resolved,''' to <del class="diffchange diffchange-inline">approve </del>the <del class="diffchange diffchange-inline">By-Laws </del>of <del class="diffchange diffchange-inline">OPENLUNA FOUNDATION</del>, <del class="diffchange diffchange-inline">INC.</del>, <del class="diffchange diffchange-inline">as presented, subject to a separate resolution concerning Member Dues.  After </del>further discussion, and upon Motion duly made, Seconded, and carried <del class="diffchange diffchange-inline">[by a vote of __ 'yea's to __ 'nay's - </del></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div></div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>unanimously<del class="diffchange diffchange-inline">]</del>, '''it was resolved,'''to establish the annual dues for <del class="diffchange diffchange-inline">new </del>General Members at $<del class="diffchange diffchange-inline">80</del>.00;</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div></div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>that such Dues may be payable in quarterly installments; that annual dues will become due and payable on July 1st, at the start of each new fiscal year; and that Dues for new Members may be pro-rated to not less than quarterly, based on the date such Member is accepted, in accordance with Article I, Section 4 of these By-Laws; and '''it was further resolved,'''<del class="diffchange diffchange-inline">that the initial Dues for the Founding Members shall be $40.00, plus other good </del>and <del class="diffchange diffchange-inline">valuable consideration of time </del>and <del class="diffchange diffchange-inline">efforts by each such Founder, for the initial fiscal year which ends on June 30, 2010</del>.  Based on the approvals of these resolutions, the Chairman declared that the By-Laws are hereby adopted.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div></div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Chairman then announced that the floor was open for nominations, to nominate and elect five of the Founding Members to constitute the initial Board of Directors, with each to serve until the next annual Meeting of the General Members, unless sooner replaced, for any reason.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Chairman then announced that the floor was open for nominations, to nominate and elect five of the Founding Members to constitute the initial Board of Directors, with each to serve until the next annual Meeting of the General Members, unless sooner replaced, for any reason.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div><del class="diffchange diffchange-inline">[members named as </del>nominated - <del class="diffchange diffchange-inline">if five nominees </del>for <del class="diffchange diffchange-inline">five 'seats'</del>, then <del class="diffchange diffchange-inline">call </del>for a motion<del class="diffchange diffchange-inline">, & 2nd </del>to close nominations, and to cast a "white ballot" <del class="diffchange diffchange-inline">... i.e., </del>for the unanimous approval of the five named nominees <del class="diffchange diffchange-inline">] </del></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">The Members </ins>nominated <ins class="diffchange diffchange-inline">to serve as the initial Board of Directors are Hal Fulton, Paul Graham, Rick Reeser, Gary Snyder and Debi</ins>-<ins class="diffchange diffchange-inline">Lee Wilkinson.  After a call </ins>for <ins class="diffchange diffchange-inline">additional nominations</ins>, <ins class="diffchange diffchange-inline">and hearing none, the Chairman </ins>then <ins class="diffchange diffchange-inline">called </ins>for a motion to close nominations, and to cast a "white ballot" <ins class="diffchange diffchange-inline">  </ins>for the unanimous approval of the five named nominees<ins class="diffchange diffchange-inline">.  A roll call vote of the Members in attendance resulted in the unanimous elections of each of the five Nominees. </ins></div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div><del class="diffchange diffchange-inline">Upon completion of the nominations and elections, the following five named members were elected to the initial Board of Directors.</del></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>The Chairman then asked if there was any other business to come before this Meeting of the Founding Members<ins class="diffchange diffchange-inline">, and, hearing </ins>none, <ins class="diffchange diffchange-inline">he declared </ins>this meeting of the <ins class="diffchange diffchange-inline">Founding Members </ins>to be <ins class="diffchange diffchange-inline">adjourned</ins>.  </div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>The Chairman then asked if there was any other business to come before this Meeting of the Founding Members <del class="diffchange diffchange-inline">- if </del>none, this meeting of the <del class="diffchange diffchange-inline">Founders is hereby adjourned, </del>to be <del class="diffchange diffchange-inline">followed immediately by the First and Organizational Meeting of the Board of Directors</del>.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div></div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Mr. Graham announced that the initial meeting of the Board of Directors was hereby convened, and that the first order of business should be to elect Officers.  Following discussion and nominations, votes were cast to elect the following persons to the Offices in line with their names:</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Mr. Graham announced that the initial meeting of the Board of Directors was hereby convened, and that the first order of business should be to elect Officers.  Following discussion and nominations, votes were cast to elect the following persons to the Offices in line with their names:</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>President; Board Chairman <del class="diffchange diffchange-inline">                John Doe #1</del></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>President; Board Chairman <ins class="diffchange diffchange-inline">                              Paul G. Graham</ins></div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>Vice President <del class="diffchange diffchange-inline">                            John Doe #2</del></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>Vice President<ins class="diffchange diffchange-inline">, Membership & Development                Debi-Lee Wilkinson</ins></div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div><del class="diffchange diffchange-inline">Secretary                                  John Doe #3</del></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">Vice President, Research & Development                  Gary E. Snyder</ins></div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>Treasurer                                  <del class="diffchange diffchange-inline">John Doe #4</del></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">Secretary and </ins>Treasurer                                  <ins class="diffchange diffchange-inline">Richard M. Reeser</ins></div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div><del class="diffchange diffchange-inline">Assistant Secretary-Treasurer              John Doe #5</del></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">Member at Large                                          Hal Fulton</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div> </div></td></tr>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Directors and Officers then discussed and resolved to authorize the following actions, and directed the President or the Secretary to attend to the performance of each item:</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Directors and Officers then discussed and resolved to authorize the following actions, and directed the President or the Secretary to attend to the performance of each item:</div></td></tr>
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<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>A.] To prepare and submit the appropriate forms to obtain a federal Employer Identification Number [E.I.N.] and also such State registration numbers, when, where, and as necessary, with copies of such forms to be filed as Exhibits with these, or subsequent Minutes as a permanent Record.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>A.] To prepare and submit the appropriate forms to obtain a federal Employer Identification Number [E.I.N.] and also such State registration numbers, when, where, and as necessary, with copies of such forms to be filed as Exhibits with these, or subsequent Minutes<ins class="diffchange diffchange-inline">, </ins>as a permanent Record.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>B.] To open checking and other business bank accounts in the name of the Foundation at a commercial bank ["the Bank"] as authorized, and for said Officers to complete and execute such resolutions and signature cards as the Bank may require, and to file a completed copy of such Bank documents with these Minutes, as an Exhibit.  The Board also authorized and directed the Officers to prepare and submit such documents, financial statements and other business information as are required by the Bank to apply for bank financing in the form of "revolving" or line of credit type loans, or for installment loans, when and as such loans may be arranged with the Bank.   </div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>B.] To open checking and other business bank accounts in the name of the Foundation at a commercial bank ["the Bank"] as authorized, and for said Officers to complete and execute such resolutions and signature cards as the Bank may require, and to file a completed copy of such Bank documents with these Minutes, as an Exhibit.  The Board also authorized and directed the Officers to prepare and submit such documents, financial statements and other business information as are required by the Bank to apply for bank financing in the form of "revolving" or line of credit type loans, or for installment loans, when and as such loans may be arranged with the Bank.   </div></td></tr>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Mr. Reeser tendered his resignation as the Incorporator, advised that his duties therein had been fulfilled, and that he would continue as the Registered Agent of the Foundation. He suggested that one or more of the Members, preferably residing in the Denver area, should be authorized to become additional or alternate signatories on the Foundation checking account at Wells Fargo Bank.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Mr. Reeser tendered his resignation as the Incorporator, advised that his duties therein had been fulfilled, and that he would continue as the Registered Agent of the Foundation. He suggested that one or more of the Members, preferably residing in the Denver area, should be authorized to become additional or alternate signatories on the Foundation checking account at Wells Fargo Bank.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>Following discussion, and upon Motion duly made, Seconded and carried unanimously, the Board resolved that the Foundation would indemnify and hold Mr. Reeser harmless regarding his completion of the duties of Incorporator and Acting Secretary; and further, the Board resolved to authorize and direct <del class="diffchange diffchange-inline">both [names -'Badger' and '</del>Gary<del class="diffchange diffchange-inline">'?] </del>to become additional <del class="diffchange diffchange-inline">signers </del>on the Foundation Bank accounts at Wells Fargo Bank.  </div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>Following discussion, and upon Motion duly made, Seconded and carried unanimously, the Board resolved that the Foundation would indemnify and hold Mr. Reeser harmless regarding his completion of the duties of Incorporator and Acting Secretary; and further, the Board resolved to authorize and direct Gary <ins class="diffchange diffchange-inline">Snyder </ins>to become <ins class="diffchange diffchange-inline">an </ins>additional <ins class="diffchange diffchange-inline">signer </ins>on the Foundation Bank accounts at Wells Fargo Bank <ins class="diffchange diffchange-inline">as an Assistant Treasurer</ins>.  </div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>Mr. Reeser suggested that it would be a good business practice for the Board to require that two signatures - any two of the persons authorized - should be necessary for disbursements, on any checks for amounts greater than <del class="diffchange diffchange-inline">[</del>$<del class="diffchange diffchange-inline">100/$200?] </del>and that, for amounts below that threshold only one signature should be required, and presumably that of the Treasurer, as keeper of the books and records.  Following discussion the Board agreed and resolved that the policy should be put into effect, as soon as the additional names have been added to the Foundation bank accounts.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>Mr. Reeser suggested that it would be a good business practice for the Board to require that two signatures - any two of the persons authorized - should be necessary for disbursements, on any checks for amounts greater than $<ins class="diffchange diffchange-inline">500.00, </ins>and that, for amounts below that threshold only one signature should be required, and presumably that of the Treasurer, as keeper of the books and records.  Following discussion the Board agreed and resolved that the policy should be put into effect, as soon as the additional names have been added to the Foundation bank accounts.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>There being no further business to come before this First and Organizational Meeting of the Members, Directors and Officers, the Meeting was adjourned at <del class="diffchange diffchange-inline">12</del>:<del class="diffchange diffchange-inline">01 a</del>.m., MDT, June <del class="diffchange diffchange-inline">11</del>, 2009.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>There being no further business to come before this First and Organizational Meeting of the Members, Directors and Officers, the Meeting was adjourned at <ins class="diffchange diffchange-inline">10</ins>:<ins class="diffchange diffchange-inline">50 p</ins>.m., MDT, June <ins class="diffchange diffchange-inline">10</ins>, 2009.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Respectfully submitted,</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Respectfully submitted,</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>Richard M. Reeser, <del class="diffchange diffchange-inline">Acting </del>Secretary</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>Richard M. Reeser, Secretary</div></td></tr>
</table>Rick Reeser-CPAhttp://openluna.org/wiki/index.php?title=Draft_-_MINUTES_of_1st_and_Organizational_Mtg._of_Members;_%26_Board&diff=530&oldid=prevRick Reeser-CPA: Draft of MINUTES2009-06-10T21:27:05Z<p>Draft of MINUTES</p>
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<td colspan='2' style="background-color: white; color:black;">← Older revision</td>
<td colspan='2' style="background-color: white; color:black;">Revision as of 21:27, 10 June 2009</td>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>BE IT REMEMBERED, that the First and Organizational Meeting of the Founding Members and the Board of Directors of the OPENLUNA FOUNDATION, INC., (a Colorado nonprofit corporation) was called and held at the principal office at 9883 Pearl Street, Thornton, Colorado, at 8:00 p.m., MDT, on June 10, 2009, pursuant to a Notice and Call therefore.  Attending in person was Richard M. Reeser, and by tele-conference, Paul G. Graham and the Founding Members whose names appear on Exhibit A, attached hereto and incorporated herein by this reference.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>BE IT REMEMBERED, that the First and Organizational Meeting of the Founding Members and the Board of Directors of the OPENLUNA FOUNDATION, INC., (a Colorado nonprofit corporation) was called and held at the principal office at 9883 Pearl Street, Thornton, Colorado, at 8:00 p.m., MDT, on June 10, 2009, pursuant to a Notice and Call therefore.  Attending in person was Richard M. Reeser, and by tele-conference, Paul G. Graham and the Founding Members whose names appear on Exhibit A, attached hereto and incorporated herein by this reference.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>Mr. Reeser, the <del class="diffchange diffchange-inline">incorporator</del>, called the Meeting to order and asked Mr.Graham to serve as Chairman, with Reeser offering to serve as the Secretary for this Meeting.  Mr.Graham advised the conferees that we should first discuss and adopt the proposed By-Laws, a copy of which has been made available for every Founder to review, and he advised that it had been suggested to take such action regarding the By-Laws, subject to the provision concerning Member Dues, and to address that part by a separate resolution on Dues - 1.]amount, 2.]frequency of payments, 3.]student initiation fees or reduced Dues, and 4.] any other Dues-related matters.  A third item would be the nominations and votes to select an initial Board of Directors.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>Mr. Reeser, the <ins class="diffchange diffchange-inline">Incorporator</ins>, called the Meeting to order and asked Mr.Graham to serve as Chairman, with Reeser offering to serve as the Secretary for this Meeting.  Mr.Graham advised the conferees that we should first discuss and adopt the proposed By-Laws, a copy of which has been made available for every Founder to review, and he advised that it had been suggested to take such action regarding the By-Laws, subject to the provision concerning Member Dues, and to address that part by a separate resolution on Dues - 1.]amount, 2.]frequency of payments, 3.]student initiation fees or reduced Dues, and 4.] any other Dues-related matters.  A third item would be the nominations and votes to select an initial Board of Directors.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Following discussion, and upon a Motion duly made, Seconded, and carried [by a vote of __ 'yea's  </div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Following discussion, and upon a Motion duly made, Seconded, and carried [by a vote of __ 'yea's  </div></td></tr>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Upon completion of the nominations and elections, the following five named members were elected to the initial Board of Directors.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Upon completion of the nominations and elections, the following five named members were elected to the initial Board of Directors.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Chairman then asked if there was any other business to come before this Meeting of the Founding Members - if none, this meeting of the Founders is hereby adjourned, to be followed immediately by the First and Organizational Meeting of the Board of Directors.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Chairman then asked if there was any other business to come before this Meeting of the Founding Members - if none, this meeting of the Founders is hereby adjourned, to be followed immediately by the First and Organizational Meeting of the Board of Directors.</div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">Mr. Graham announced that the initial meeting of the Board of Directors was hereby convened, and that the first order of business should be to elect Officers.  Following discussion and nominations, votes were cast to elect the following persons to the Offices in line with their names:</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">President; Board Chairman                  John Doe #1</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">Vice President                            John Doe #2</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">Secretary                                  John Doe #3</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">Treasurer                                  John Doe #4</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">Assistant Secretary-Treasurer              John Doe #5</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">The Directors and Officers then discussed and resolved to authorize the following actions, and directed the President or the Secretary to attend to the performance of each item:</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">A.] To prepare and submit the appropriate forms to obtain a federal Employer Identification Number [E.I.N.] and also such State registration numbers, when, where, and as necessary, with copies of such forms to be filed as Exhibits with these, or subsequent Minutes as a permanent Record.</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">B.] To open checking and other business bank accounts in the name of the Foundation at a commercial bank ["the Bank"] as authorized, and for said Officers to complete and execute such resolutions and signature cards as the Bank may require, and to file a completed copy of such Bank documents with these Minutes, as an Exhibit.  The Board also authorized and directed the Officers to prepare and submit such documents, financial statements and other business information as are required by the Bank to apply for bank financing in the form of "revolving" or line of credit type loans, or for installment loans, when and as such loans may be arranged with the Bank.  </ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">Mr. Graham noted that Mr. Reeser, as our Incorporator and Acting Secretary, had previously filed and obtained the Articles of Incorporation for a Nonprofit Corporation, from the Secretary of State of the State of Colorado; and that he had obtained a federal Employer I.D. number from the I.R.S., and that he has also opened a business checking account at a Wells Fargo Bank branch in Colorado in the name of OPENLUNA FOUNDATION, INC.</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">Mr. Reeser tendered his resignation as the Incorporator, advised that his duties therein had been fulfilled, and that he would continue as the Registered Agent of the Foundation. He suggested that one or more of the Members, preferably residing in the Denver area, should be authorized to become additional or alternate signatories on the Foundation checking account at Wells Fargo Bank.</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">Following discussion, and upon Motion duly made, Seconded and carried unanimously, the Board resolved that the Foundation would indemnify and hold Mr. Reeser harmless regarding his completion of the duties of Incorporator and Acting Secretary; and further, the Board resolved to authorize and direct both [names -'Badger' and 'Gary'?] to become additional signers on the Foundation Bank accounts at Wells Fargo Bank. </ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">Mr. Reeser suggested that it would be a good business practice for the Board to require that two signatures - any two of the persons authorized - should be necessary for disbursements, on any checks for amounts greater than [$100/$200?] and that, for amounts below that threshold only one signature should be required, and presumably that of the Treasurer, as keeper of the books and records.  Following discussion the Board agreed and resolved that the policy should be put into effect, as soon as the additional names have been added to the Foundation bank accounts.</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">There being no further business to come before this First and Organizational Meeting of the Members, Directors and Officers, the Meeting was adjourned at 12:01 a.m., MDT, June 11, 2009.</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">Respectfully submitted,</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">Richard M. Reeser, Acting Secretary</ins></div></td></tr>
</table>Rick Reeser-CPAhttp://openluna.org/wiki/index.php?title=Draft_-_MINUTES_of_1st_and_Organizational_Mtg._of_Members;_%26_Board&diff=525&oldid=prevRick Reeser-CPA at 08:37, 10 June 20092009-06-10T08:37:55Z<p></p>
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<td colspan='2' style="background-color: white; color:black;">Revision as of 08:37, 10 June 2009</td>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>BE IT REMEMBERED, that the First and Organizational Meeting of the Founding Members and the Board of Directors of the OPENLUNA FOUNDATION, INC., (a Colorado nonprofit corporation) was called and held at the principal office at 9883 Pearl Street, Thornton, Colorado, at 8:00 p.m., MDT, on June 10, 2009, pursuant to a Notice and Call therefore.  Attending in person was Richard M. Reeser, and by tele-conference, Paul G. Graham and the Founding Members whose names appear on Exhibit A, attached hereto and incorporated herein by this reference.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>BE IT REMEMBERED, that the First and Organizational Meeting of the Founding Members and the Board of Directors of the OPENLUNA FOUNDATION, INC., (a Colorado nonprofit corporation) was called and held at the principal office at 9883 Pearl Street, Thornton, Colorado, at 8:00 p.m., MDT, on June 10, 2009, pursuant to a Notice and Call therefore.  Attending in person was Richard M. Reeser, and by tele-conference, Paul G. Graham and the Founding Members whose names appear on Exhibit A, attached hereto and incorporated herein by this reference.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>Mr. Reeser, the incorporator, called the Meeting to order and asked Mr.Graham to serve as Chairman, with Reeser offering to serve as the Secretary for this Meeting.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>Mr. Reeser, the incorporator, called the Meeting to order and asked Mr.Graham to serve as Chairman, with Reeser offering to serve as the Secretary for this Meeting<ins class="diffchange diffchange-inline">.  Mr.Graham advised the conferees that we should first discuss and adopt the proposed By-Laws, a copy of which has been made available for every Founder to review, and he advised that it had been suggested to take such action regarding the By-Laws, subject to the provision concerning Member Dues, and to address that part by a separate resolution on Dues - 1.]amount, 2.]frequency of payments, 3.]student initiation fees or reduced Dues, and 4.] any other Dues-related matters.  A third item would be the nominations and votes to select an initial Board of Directors.</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div> </div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">Following discussion, and upon a Motion duly made, Seconded, and carried [by a vote of __ 'yea's </ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">to___ 'nay's/unanimously],  '''it was resolved,''' to approve the By-Laws of OPENLUNA FOUNDATION, INC., as presented, subject to a separate resolution concerning Member Dues.  After further discussion, and upon Motion duly made, Seconded, and carried [by a vote of __ 'yea's to __ 'nay's - </ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">unanimously], '''it was resolved,'''to establish the annual dues for new General Members at $80.00;</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">that such Dues may be payable in quarterly installments; that annual dues will become due and payable on July 1st, at the start of each new fiscal year; and that Dues for new Members may be pro-rated to not less than quarterly, based on the date such Member is accepted, in accordance with Article I, Section 4 of these By-Laws; and '''it was further resolved,'''that the initial Dues for the Founding Members shall be $40.00, plus other good and valuable consideration of time and efforts by each such Founder, for the initial fiscal year which ends on June 30, 2010.  Based on the approvals of these resolutions, the Chairman declared that the By-Laws are hereby adopted.</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div> </div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">The Chairman then announced that the floor was open for nominations, to nominate and elect five of the Founding Members to constitute the initial Board of Directors, with each to serve until the next annual Meeting of the General Members, unless sooner replaced, for any reason.</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div> </div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">[members named as nominated - if five nominees for five 'seats', then call for a motion, & 2nd to close nominations, and to cast a "white ballot" ... i.e., for the unanimous approval of the five named nominees ] </ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div> </div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">Upon completion of the nominations and elections, the following five named members were elected to the initial Board of Directors.</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">The Chairman then asked if there was any other business to come before this Meeting of the Founding Members - if none, this meeting of the Founders is hereby adjourned, to be followed immediately by the First and Organizational Meeting of the Board of Directors</ins>.</div></td></tr>
</table>Rick Reeser-CPAhttp://openluna.org/wiki/index.php?title=Draft_-_MINUTES_of_1st_and_Organizational_Mtg._of_Members;_%26_Board&diff=524&oldid=prevRick Reeser-CPA: New page: M I N U T E S of the FIRST AND ORGANIZATIONAL MEETING ...2009-06-10T04:08:43Z<p>New page: M I N U T E S of the FIRST AND ORGANIZATIONAL MEETING ...</p>
<p><b>New page</b></p><div> M I N U T E S <br />
<br />
of the<br />
<br />
FIRST AND ORGANIZATIONAL MEETING<br />
<br />
OF<br />
<br />
'''OPENLUNA FOUNDATION, INC.'''<br />
<br />
<br />
BE IT REMEMBERED, that the First and Organizational Meeting of the Founding Members and the Board of Directors of the OPENLUNA FOUNDATION, INC., (a Colorado nonprofit corporation) was called and held at the principal office at 9883 Pearl Street, Thornton, Colorado, at 8:00 p.m., MDT, on June 10, 2009, pursuant to a Notice and Call therefore. Attending in person was Richard M. Reeser, and by tele-conference, Paul G. Graham and the Founding Members whose names appear on Exhibit A, attached hereto and incorporated herein by this reference.<br />
<br />
Mr. Reeser, the incorporator, called the Meeting to order and asked Mr.Graham to serve as Chairman, with Reeser offering to serve as the Secretary for this Meeting.</div>Rick Reeser-CPA