We the students of Cary Academy Upper
School join together to establish this Club to better prepare
ourselves for the economic life that lies ahead of each of us.
We pledge our sacred honor plus a $5.00 initiation fee to
increasing the Club’s wealth and with that to increase the
general welfare of the community at large.
The Club is open to all Juniors and Seniors
lawfully enrolled at Cary Academy.
Sophomores may join upon written proof of tracking the
worth of an investment portfolio, i.e. five investments, for a
minimum of four weeks. Freshmen must become Sophomores before gaining admission
eligibility. Membership
will never be contingent upon meeting attendance.
Any recognized member of the Club may offer a proposal for an investment or liquidation there of. It is anticipated that an explanation of support will accompany each proposal. Execution of such proposals will be carried out by the Comptroller General (or Club Advisor) following the approval of a simple majority of members who cast ballots. It is the responsibility of the Membership Chairman to inform the General Membership of all proposals and the time, place and manner of such vote.
The officers of the club will meet
quarterly—which works with trimesters, excluding the
summer—to evaluate the financial status of the portfolio.
The major portion of any capital gain should be
reinvested. When
profit is large enough so that a significant portion can be
reinvested without touching the principal, that money may be
distributed to student run organizations at the discretion of
the executive board and the consent of the Head of School.
To be approved by plurality vote of the general membership prior to commencement ceremonies at the end of each school year. The CEO will hold office for a one-year term. Duties will include overseeing and managing club functions in an efficient manor as well as representing the Club to outsiders (meaning those no cognizant of the meaning of life). By promoting efficiency and striving for maximum return on everything the Club does, it is the responsibility of the CEO to maximize profit for the Club and encourage economic interest and understanding.
To be approved by plurality vote of the
general membership prior to commencement ceremonies at the end
of each school year. The
MC will hold office for a one-year term.
Duties will include maintaining the membership roll,
taking minutes during meetings, conducting votes and keeping the
membership well informed of all club business past and pending.
The MC will publish and distribute (hard copy) an Annual
Report each school year prior to commencement ceremonies.
To be approved by plurality vote of the
general membership prior to commencement ceremonies at the end
of each school year. The
CG will hold office for a one-year term.
Duties will include supervision of dues collection,
reception of contributions, opening and maintaining Club
accounts, execution of purchases and sales and general portfolio
management. The CG
may be bonded. The
CG will help the MC in the preparation of the Annual Report.
To be approved by plurality vote of the
general membership prior to commencement ceremonies at the end
of each school year. The
Webmaster will hold office for a one-year term.
Duties will include the creation and maintenance of a
Club web site. This
page will include a membership directory, current portfolio,
economic items of interest, announcements of coming events and
money matters that may benefit Club members.
To be approved by plurality vote of the
general membership prior to commencement ceremonies at the end
of each school year. The
PC will hold office for a one-year term.
Duties will include organizing and overseeing the running
of two to three major programs per school year.
It is the responsibility of the PC to confirm the guest
speakers, organize refreshments relative to the function and to
assist the CEO in event management.
The PC will be the last word according to Roberts Rules of Order during all Club meetings.
A slate of officers for the new year will
be created by the Executive Board and offered to the general
membership for their approval each spring prior to commencement
ceremonies. The
first slate of officers will be presented by the Club faculty
advisor (Clare E. Adkin, Jr.) for approval by the general
membership. The
general membership may make additional nominations for each
Executive Board position prior to each annual election.
New officers will be sworn-in at the Annual Meeting.
Article X: Amendments
It is the right and responsibility of the Club to amend this charter at anytime in an attempt to maximize profit or minimize loss. A simple majority of members present at a general membership meeting shall prevail.