Bylaws of the Cruisin' Corvettes of Tallahassee
The Principle office of the Corporation shall be in the State of Florida. The
Corporation shall designate a registered office and a registered agent in
accordance with Florida law and shall maintain it continuously.
The Bylaws of the corporation may be altered or amended by a majority vote of
the Members at any annual, regular or special meeting of the Members.
The corporation will not issue shares of stock. No dividends will be paid to
any Member. No part of the income or assets of the corporation will be
distributed to its Members, Officers or Directors without full consideration.
No Member of the corporation has any vested right, interest or privilege in or
to the assets, property, functions, or activities of the corporation. Upon
final liquidation of the corporation, all remaining assets, after paying all
liabilities, shall be transferred to the NATIONAL CORVETTE MUSEUM, Bowling
Green, Kentucky.
The corporation shall indemnify each Officer and Director, including former
Officers and Directors, to the full extent permitted by the Florida General
Corporation Act and the Florida Not For Profit Corporation Act.
The fiscal year of the corporation shall be the same as the taxable year of
the corporation for federal income tax purposes.