By-Laws of Prestige Club

ARTICLE I
NAME AND PURPOSE

Prestige Club Escapes, Inc. (the “Company” operates the Club known as the Prestige Club. The By-laws of Prestige Club are separate from and shall not be deemed the By-laws of Prestige Club Escapes, Inc.  The purposes of the Club are as follows:

  • To maintain a club exclusively for the pleasure, entertainment, and recreation of its members.
  • To provide a way for members to form an affiliation that can provide substantial and meaningful input into the operations of Prestige Club properties.
  • To create an affiliation of members that has the ability to purchase goods and services from Prestige Club Properties
  • To compile data regarding member’s preferences and suggestions so that the Prestige Club can better serve our members.
  • To create an affiliation of members that has the ability to purchase goods and services from Prestige Club Properties
  • To create an affiliation that would provide on-going input into the operations of Prestige Club Properties
  • To increase the safety, security and privacy of Prestige Club Members as the general public is not allowed on any Prestige Club Property.
  • To better serve a specific membership base that has similar needs and requirements of a private club.
  • To provide a direct communication route between club members and operations staff of Prestige Club Properties
  • To provide Prestige Club Properties the ability to restrict the sale of goods and services, and the use of its facilities, to or from the general public who are seeking living quarters, sleeping accommodations or housekeeping accommodations.

ARTICLE II
PRINCIPAL OFFICE

The principal office of the Club shall be at 2955 N. Mannheim Road, Franklin Park, IL 60131. The Club may have such other offices as may from time to time be designated by its President.

ARTICLE III
MEMBERSHIP

A. Membership. Any person who (1) is over the age of 21 years old; (2) resides within a radius of forty (40) miles of n Prestige Club location; (3) completes the membership application; (4) agrees to abide by the rules and regulations of the Club; (5) agrees to abide by the By-Laws of the Club; and (6) pays the enrollment fee; (7) presents a government issued driver’s license as proof of residency, is eligible to become an active member of the Club.
Membership is also open to the owner of the real estate on which the Club’s principal place of business is located. The owner of the real estate shall be deemed a “Preferred Member”. The active members and the Preferred Member are referred to herein as the “member” or “members”.

B. Duration of Membership. Membership in the Club may terminate by voluntary withdrawal as provided in these bylaws. Membership may also be terminated by the President in the event that an active member does not comply with the rules and regulations of the Club. All rights, privileges, and interest of a member in or to the Club shall cease on termination of membership. Memberships shall be nontransferable. Any member may, by giving written notice of such intention, withdraw from membership. Withdrawals shall be effective on fulfillment of all obligations to the date of withdrawal.

C. Suspension and Expulsion. Any member of the Club who shall be in violation of the Club’s By-Laws or rules and regulations may have his membership revoked by the officers.

ARTICLE IV
MEMBERSHIP FEE AND DUES

A. Membership Fee. The Membership fee for membership in the Club shall be $25.00. The Membership fee may be adjusted at any time by the Company.

B. Amount of Dues. The dues required to maintain the status of active member in the Club shall be determined by the officers in order to meet the goals and expenses of the Club. Dues may be varied from time to time, but shall be calculated and assessed in the same manner for all active members.

ARTICLE V
OFFICERS

A.  Officers. The Company appointed officers of the Club shall be a president, a secretary, and a treasurer. 

B. Terms. The president, the secretary, and the treasurer shall take office immediately upon their appointment, and shall serve for a term of one year, or as the case may be, until successors are duly appointed. 

C. President. The president shall be the chief officer of the organization. The president may in the president's opinion make such policies and take such actions as  to promote the welfare and increase the usefulness of the Club, and shall perform such other duties as are necessarily incident to the office.

D. Treasurer. The treasurer shall keep an account of all monies received and expended for use of the Club, and shall make disbursements authorized by the President or such other persons as the officers  may prescribe. 

E. Secretary. The administration and management of the Club shall be vested in the secretary. It shall be the duty of the secretary:

  1. To conduct correspondence on behalf o the Club. and to carry into execution all orders, votes, and resolutions not otherwise committed.
  2. To keep a list of the members of the Club.
  3. To establish machinery for the collection of dues and their payment to the treasurer.
  4. To keep records of any agents retained by the Club, and to take charge of and supervise the performance by such agents of their duties.

ARTICLE VI
COMMITTEES

Committees may be established by the officers as they deem necessary or beneficial to the Club. 

ARTICLE VII
AMENDMENTS

These bylaws may be amended, repealed, or altered, in whole or in part, by the officers of the Club.

ARTICLE VIII
INSIGNIA

The officers may adopt insignia, colors, badges, and flags for the Club as it deems desirable.

ARTICLE IX
DISSOLUTION

The Club may be dissolved by the Company at any time.  In the event of dissolution, the members shall not be entitled to any further benefits and shall not be entitled to any refund for any membership fees paid. 

END OF BY-LAWS