Foothills Tennis & Swimming Club

“The organization has seven classes of members. They are proprietary, honorary life members (proprietary), senior associate, social, associate, special, and qualified-suspended. The proprietary membership is limited to 320 and the associate membership is limited to 20. There is no fixed limit on the number of other memberships.”

“Rights of membership - all members shall have equal rights except that all property rights, all voting rights and the right to give written consents required either by law or by these bylaws to be given by members, the right to hold office in the club and the right to share in the distribution of the club's assets on dissolution or otherwise shall be vested exclusively in the proprietary members.”

“The board of governors shall not have any power to authorize the sale, transfer or disposition of the property of the club as a whole or substantially as a whole, or to discontinue the use of the property of the club as a swimming and tennis club, except as provided in section 8.02 hereof (original adopted september 26, 1955). Section 8.02 - sale as a whole is as follows: the property of the club shall not be sold or transferred as a whole, or substantially as a whole, nor shall the use of the property as a swimming and tennis club be discontinued, except upon the prior authorization of not less than two-thirds (2/3) of the proprietary members in good standing given by vote at a special meeting duly called for the purpose according to these bylaws. The board of governors may, however, without such vote, agree upon and effect necesssary adjustment of the boundaries of the club properties (original adopted september 26, 1955). The board of governors may, on behalf of the club, incur such indebtedness for the proper purposes of the club as it shall deem necesssary or advisable; provided, however, that the aggregate of all indebtedness of the club outstanding at any one time shall not exceed the sum of seven hundred eighty-nine thousand five hundred dollars ($789,500.00) without the prior approving vote of not less than two-thirds (2/3) of the proprietary members in good standing given in accordance with the provisions of section 10.01 hereof (as amended march 15, 1990).”

“A draft of form 990 is presented to the governing body for their review. The draft is reviewed by the club manager and its financial manager. Upon completion of the review, the return is finalized, signed and filed.”

“Comparable employment compensation data is obtained from peers. This data is used by the board of governors in determining compensation of executive officers.”

“Upon request by a club member to the club manager, the 990 is made available to the member.”

“Decrease in membership -23,756.”