MID Forest Lodge Nestor Township Roscommon County

“The bylaws were revised in 2013. One of the revised changes was that the business, property, and affairs of the corporation shall be managed by a board composed of 12 shareholders. The number of directors shall be reduced from 15 to 12 shareholders as follows; 2014 shall be 14, 2015 shall be 13 and 2016 shall be 12. Should a director be removed or resign from the board, then that vacancy would not be filled except to maintain 12 directors. Each director shall hold office for the term for which they were elected and until the director's successor has been elected and qualified, unless the director is removed from office or resigns. The board shall have such authority as is usually granted to the board of a non-profit corporation under laws of the state of michigan, together with such additional authority as may, from time to time, be granted to it by the shareholders. The shareholders may assign the board of directors other duties. Another change was that the board of directors shall have a roll call vote on any item(s) dealing with expenses beyond the approved budget or modifications/additions/deletions to organization membership or rules. The final change was except as otherwise provided in the bylaws, a majority of the directors in office shall constitute a quorum at any meeting of the board.”

“A shareholder in the corporation may be the owner of one or more shares of stock. Each shareholder shall be entitled to a membership in mid forest lodge club, which entitles the member to certain rights and privileges.”

“At each annual meeting of shareholders, five shareholders shall be elected as directors for a term of three years, or until their successors shall be elected or appointed. Directors shall also be elected at each annual meeting to fill any vacancies on the board for the unexpired term.”

“At every meeting of the shareholders, each shareholder of record in good standing on the record date shall be entitled to one vote, in person, regardless of the number of shares of capital stock the shareholder holds.”

“The 990 is received by the organization's treasurer who reviews the return for accuracy. Upon the treasurer's approval, the 990 is made available to the board of directors in electronic format. After any concerns presented by the board are addressed, the treasurer signs and files the return.”

“The board of directors meets to review and determine the compensation of the treasurer. A record of the meeting and decision by the board of directors is retained by the organization.”

“All information is available upon request.”

“Mid forest lodge uses the modified cash basis accounting method.”

“Mid forest lodge has a committee that assumes responsibility for oversight of the compilation of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”

“Employer identification number: 38-1234066 for the year ending december 31, 2013 mid forest lodge, hereby elects, pursuant to irc sec. 168(k)(2)(d)(iii), not to claim the additional 50% depreciation allowable under irc sec. 168(k) for the following qualifying property placed in service during the tax year ending december 31, 2013. All property in 10 year class. See attached form 4562”