ARTICLE I: Name, Burgee, Seal

Section 1 : This organization’s name shall be the Chesapeake Bay Sabre Association, abbreviated C.B.S.A.

Section 2: The Burgee, official symbol of the C.B.S.A., shall be a standard-proportioned, swallow-tailed flag with the dimensions of the fly one and one-half times the hoist and featuring the letter “S” in the style of Sabre Yachts in blue on a yellow field with a blue border. The abbreviation C.B.S.A. may be added by vote of the Executive Board. The Burgee is authorized to be displayed with dignity on a vessel owned by a member in good standing of the Association.

Section 3: The Seal of the C.B.S.A. shall be a circle defined by a blue edge, having a blue Sabre-style “S” in the center on a yellow background, and having above the “S” the abbreviation C.B.S.A. and below the “S” the founding year, 1978.

ARTICLE II: Object

Section 1: The object of the C.B.S.A. is to promote cruising and related events among those who own sailboats built by Sabre Yachts, Hawthorne Road, Casco Bay, Maine, and to encourage sailing-related activities throughout the year.

ARTICLE III: Membership and Voting

There shall be three classes of membership: Regular, Associate, and Honorary.

Section 1: Regular membership may be extended to owners or co-owners and members of their immediate family of a sailboat manufactured by Sabre Yachts, Hawthorne Road, South Casco, Maine, who have paid dues.

Section 2: Associate membership may be extended to members in good standing who sell or otherwise divest themselves of ownership of a Sabre sailboat and who were in good standing as Regular members.

Section 3 : Honorary membership may be extended to persons who are not eligible for Regular or Associate membership but who have rendered special services to the Sabre Yacht Company or to C.B.S.A. Any member may nominate a candidate for Honorary membership. Such nominations shall be forwarded by letter to the Executive Board for its approval. Those approved will be presented to the general membership for election to Honorary membership by a majority vote of those present and voting.

Section 4: Associate members and Honorary members may not vote or hold office but shall enjoy all other privileges of membership and may chair committees.

Section 5: In all matters requiring representation and voting, each Sabre shall be limited to a single vote. Proxy voting shall not be allowed.

Section 6 : The power to accept applications for Regular membership and to accept or reject applications for Associate membership and the right to revoke Regular or Associate membership for cause shall lie with the Executive Board.

Section 7: Dues are paid in March of each year and those persons who have paid dues by June 30 are considered to be in good standing for that year, unless membership is revoked.

ARTICLE IV: Executive Officers and Duties

The Association shall be governed by the following officers who shall be elected as herein prescribed from the Regular membership.

Section 1: The elected officers of C.B.S.A. shall be Commodore, Vice-Commodore (Northern Fleet), Vice-Commodore (Southern Fleet), Secretary, Treasurer and Newsletter Editor-Publisher.

Section 2: The Commodore shall be the chief executive officer and shall preside at all meetings. With Executive Board approval, he or she shall appoint all committee chairs. He or she is an ex-officio member of all committees, except the nominating committee. The Commodore shall be responsible in the conduct of the office to the Executive Board and act at its direction.

Section 3: The Vice-Commodores shall assist the Commodore. In the absence of the Commodore, the Vice Commodore (Northern Fleet) shall perform all duties of the Commodore. In the absence of both the Commodore and the Vice Commodore (Northern Fleet), the Vice-Commodore (Southern Fleet) shall perform all duties of the Commodore. When so acting, he or she shall have the powers of the Commodore. The Vice-Commodores shall also act as Fleet Captain for their assigned regions and, as such, shall prepare the schedule of sailing and social events for the year and appoint one or more members to be responsible for the arrangements for individual events.

Section 4: The Secretary shall keep official minutes of general and executive board meetings, shall maintain a scrapbook or other system of records recording the history and activities of the C.B.S.A, shall answer correspondence, and conduct related activities under the Commodore’s direction.

Section 5: The Treasurer shall collect all dues and fees for deposit in the C.B.S.A. account maintained in a federally insured bank or thrift approved by the Executive Board. He or she is to pay all debts of the C.B.S.A. which have prior approval of the Executive Board or expenditures by virtue of Executive Board appropriations. Expenditures of $75 or less may be approved by the Commodore. He or she shall keep a true and complete record of all receipts and disbursements of C.B.S.A. and submit a report of these at the annual meeting, as well as the balance. The Treasurer shall send to the membership chairman and to the Commodore a list of members who have paid their dues for the current year as of June 30 of that year.

Section 6: The term of elected officers shall commence immediately following the annual meeting in which they are elected and shall terminate at the close of the annual meeting in which their successors are elected.

ARTICLE V: Executive Board

Section 1: The powers of the Association shall be vested in and administered by the Executive Board.

Section 2: The Executive Board shall consist of the elected officials, the immediate past commodore and the following ex-officio members: Membership Chairman, and Newsletter Publisher.

Section 3: An affirmative vote of a simple majority of the members shall decide all questions, and such votes shall be final. The immediate past Commodore shall not vote in decisions of the Board except to break a tie vote. The Board shall interpret C.B.S.A. rules, fill vacancies in office, direct the Commodore in the conduct of Association business, and determine Association policies. Meetings of the Board shall be called by the Commodore as he or she deems necessary or upon request of any two members of the Board. Fifty percent of the Board shall constitute a quorum.

Section 4: The immediate past Commodore shall be chair of the Executive Board. In his/her absence, the Commodore and vice-Commodore, respectively, shall fulfill the functions of chair.

ARTICLE VI: Nominating Committee

Section 1: A Nominating Committee of at least three Regular members, one of whom shall be the immediate past Commodore, if available, and one of whom may be on the Executive Board, shall be appointed by the Commodore in November of each year. On or before February 1, any Regular member may nominate, in writing to the Secretary, any other member for any of the several offices. If any member receives five or more such nominations, his or her name will be added to those presented by the Nominating Committee. The nominations shall be reported in the first newsletter of the calendar year, preceding the annual meeting. The nominee’s consent is required for all nominations.

ARTICLE VII: Dues and Fees

Section 1: There shall be annual dues of $20 for each Regular member and Associate member. Any increase shall be recommended by the Executive Board and approved by a simple majority of votes cast at the annual meeting, or special meeting, provided that the proposed change has been stated in full in the notice of the meeting. An additional fee, to be set by the Executive Board, shall be charged for each additional newsletter per Sabre.

Section 2: Upon acceptance, each new Regular or Associate member shall remit the dues to the Treasurer.

ARTICLE VIII: Meetings, Notices, Quorum

Section 1: The Association shall hold an annual general meeting, usually in March, to transact the business of the Association. The order of business shall be: Call to order, roll call, reading of the minutes of the prior meeting, other old business, elections, installment of officers, new business, and adjournment.

Section 2: Special meetings may be called by the Commodore, the Executive Board, or through petition of ten (10) percent of members in good standing.

Section 3: Executive Board meetings shall be held as noted in Article V.

Section 4: Written notice shall be sent to all members at least three weeks prior to each annual general meeting and at least one week prior to any special meeting.

Section 5: Ten (10) percent of the membership shall constitute a quorum at general or special meetings.

ARTICLE IX: Amendents

Section 1: These by-laws may be amended by a two-thirds vote of members present at a general or special meeting provided changes have been stated in full with the notice of the meeting mailed to all members.