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CONSTITUTION AND BY-LAWS OF THE ILLINOIS INSTTUTE OF TECHNOLOGY ENTREPRENEURSHIP ASSOCIATION
ARTICLE I. NAME AND PURPOSE
ARTICLE II. DELINEATION
ARTICLE III. MEMBERSHIP
ARTICLE IV. OFFICERS AND TRUSTEES
ARTICLE V. COMMITTEES
ARTICLE VI. AMENDMENTS
ARTICLE VII. MEETINGS
ARTICLE VIII. REMOVAL OR RESIGNATION OF MEMBERS
ARTICLE IX. ADVISORS
ARTICLE X. DUES
ARTICLE I. NAME AND PURPOSE
SECTION I. NAME
The name of this organization shall be The Illinois Institute of Technology Entrepreneurship Association. It shall also be known by its acronym IITEA.
SECTION II. PURPOSE
The purposes of this Association shall be to bridge gaps between the students and the marketplace, to support the cultural, educational, commercial, and institutional changes that are required to continue the incredible growth and positive impact of entrepreneurs and their start-up enterprises. IITEA seeks to educate the students about the best practices of entrepreneurs and to overcome barriers constraining entrepreneurs, thus to stimulate the creation and growth of an entrepreneurial economy and culture within IIT as a whole. Bridging the gap between the IIT Main Campus, Stuart School of Business and the Kent School of Law By sharing resources.
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ARTICLE II. DELINEATION
This Association shall be a non-profit organization operated exclusively for the students of the Illinois Institute of Technology for educational purposes. No part of its funds, pecuniary gains or profits shall be distributed to, used by, or inure to the benefit of any private individual or member, either during operation or upon liquidation. The officers shall serve without compensation. No members shall receive any pecuniary benefit from this Association except for reimbursement for actual expenses occurring in connection with the business of the Association, or for extraordinary services rendered to the Association.
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ARTICLE III. MEMBERSHIP
IITEA shall not discriminate on the basis of race, color, creed, sex, disability, sexual orientation, religion or lack of there of.
SECTION I. CLASSES OF MEMBERS
There shall be there categories of membership:
A. Honorary Membership
B. Active Membership
C. Alumni Membership
SECTION II. QUALIFICATION FOR MEMBERSHIP
A. HONORARY MEMBERSHIP may be extended to individuals who have made special contributions to The Illinois Institute of Technology Entrepreneurship Association, or have created a special mark in the field of Entrepreneurship.
B. ACTIVE MEMBERSHIP may be extended to part-time or full-time undergraduate and graduate students of Illinois Institute of Technology, and who satisfy requirements of good character, ethical practice and professional fitness.
C. ALUMNI MEMBERSHIP shall consist of graduates of The Illinois Institute of Technology and were active members on the date of their graduation, and are not enrolled as a student at The Illinois Institute of Technology.
SECTION III.
The right to vote in The Illinois Institute of Technology Entrepreneurship Association shall be extended to only Active members of the Association. Voting for the election of Association's governing officers and for changes in the Constitution and By-Laws shall be determined by a majority vote of the eligible members voting and a minimum of two-thirds affirmative vote is required to adopt the motion. A quorum shall consist of 12 members or one half plus one the number of active members, whichever number is smaller, at any regular meeting and 5 members for any special meeting. In the absence of the President and the Vice-President, a meeting will not be deemed official. Voting by proxy is not permitted.
Note: Only students from the main campus are eligible to vote
SECTION IV.
The President, Vice -President, Secretary and Treasurer and all members of the Executive Committee of The Illinois Institute of Technology Entrepreneurship Association must be Active Members. These officers shall constitute the Association's governing body.
SECTION V.
All members may attend all promotional and business meetings unless specified otherwise. Only members of Association's Governing Body will attend meetings relating to the internal affairs of the association unless specified otherwise.
SECTION VI.
Any individual applying for any class of membership in The Illinois Institute of Technology Entrepreneurship Association shall contact the Director Membership of the Association, who shall determine whether an applicant meets the qualifications for membership and, if so, for what category of membership. Upon completion of verification of membership eligibility, membership shall be extended to the applicant.
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ARTICLE IV. OFFICERS AND TRUSTEES
SECTION I.
The officers of this association shall be President, Vice-President, Secretary, and Treasurer. The Executive Committee will consist of the officers of the Association and Co-coordinator Activities/Events, Co-coordinator Information Technology/Web Master, Co-coordinator Membership/Marketing. The Executive Committee shall constitute the Association's governing body
Note : Only students from the main campus are eligible to be voted into any executive position mentioned above.
SECTION II.
THE PRESIDENT shall be the chief executive of the Association. He or she shall preside, in accordance to Roberts Rules of Order, when present, at all meetings of the Association, shall appoint all committees and shall in general perform such duties as are customary for presiding officers and shall be an ex-officio member of all committees. He or she shall have the power to call regular or special meetings, to delegate power to committees, appointees and the executive board. The president will represent IITEA to the campus and other organizations in all of its dealings with IIT and other schools.
SECTION III.
THE VICE-PRESIDENT shall assume all the duties of the President in the event of the absence or disability of the President. In the event of the death or resignation of the President, the Vice-President shall complete the term for the President. He or she shall have such other duties as the President authorizes or directs.
SECTION IV.
THE SECRETARY shall keep a record of the proceedings of all the meetings of the association, certify official records and maintain a list of names and addresses of all members and issue notice to all members of the meetings. He or she shall conduct the correspondence of the Association and shall have such other duties as the President authorizes or directs.
SECTION V.
THE TREASURER shall receive and disburse income of the association in accordance with policies set forth by the Association's Governing Body. In the absence of the President and Vice-President, he or she shall perform their duties and shall have such other duties as the President authorizes or directs. At the discretion of the Association's Governing Body, the Treasurer's account shall be looked upon as and when desired.
SECTION VI.
In the event the office of President, Vice-President, Secretary, or Treasurer of the Association is vacant due to death, resignation or disability of the incumbent, the Association's Governing Body shall immediately select one or more candidates as deemed fit.
SECTION VII.
Elections for all Executive Committee positions shall be held annually. Nominations for the positions will take place at the meeting preceding the election. Elected Executive Committee members shall assume their position at the meeting following the election.
Elections will take place at the last meeting held in the months of November.
Elections will take place in the order of positions listed in Article IV, Section 1. Nominations for each elected position will be re-opened prior to the election for that position.
Elections shall be decided by a candidate receiving one half plus one of the votes cast. If there are only two candidates for a position the election shall be decided by a simple majority. If no candidate receives the necessary number of votes to carry the election, there shall be a run-off election between the two candidates receiving the most votes. If any election for a position results in a tie, the election shall be decided by a game of chance determined by the presiding officer of the meeting.
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ARTICLE V. COMMITTEES
SECTION I.
THE EXECUTIVE COMMITTEE of the Association shall consist of the elected officers. Its function shall be to administer the promotional and business activities of the association and manage its property, to report at each meeting on its activities, address matters of professional ethics, recommend practices and procedures to be adopted by the Executive Committee as deemed necessary and appropriate to comply with.
SECTION II.
Other committees may be appointed as needed by the President.
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ARTICLE VI. AMENDMENTS
Proposed amendments to this Constitution and By-Laws may be submitted in writing at least one month, but not more than two months, prior to any regular meeting of the association and determined by a majority vote of the eligible members voting. A minimum of two-thirds affirmative vote is required to adopt the motion. A quorum shall consist of 12 members at any regular meeting. Voting by proxy is not permitted.
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ARTICLE VII. MEETINGS
SECTION I.
Semi-annual meetings shall be held in conjunction with the meetings in which elections take place.
SECTION II.
Special meetings shall be called by written notice to the members of the association at any time by the President upon written request of five of the voting members of the association.
SECTION III.
All association and committee meetings shall be conducted semi-monthly. Members are required to attend at least 1 meeting every month to retain their membership status. Members who work or class schedule conflicts with the meetings of the Association can petition the Executive Committee for an exemption to the attendance requirement.
SECTION IV.
At any regular membership meeting, a quorum shall consist of 12 members or one half plus one the number of active members, whichever number is smaller, at any regular meeting and 5 members for any special meeting. In the absence of the President and the Vice-President, a meeting will not be deemed official. Voting by proxy is not permitted.
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ARTICLE VIII. REMOVAL OR RESIGNATION OF MEMBERS
SECTION I.
In the case of gross negligence or inability, any member of the Executive Committee can be removed from office in the following manner:
a) A motion to impeach the member must be either of the two following ways:
a. By a member of the Legislature
b. By a petition with the signatures of 50% of the general body.
b) The motion must be approved by two thirds of the entire voting body
New elections will be held as soon as possible to replace the removed officer. Once a person has been forcibly removed from office, he or she cannot run for the same or another Executive Board position within the same term.
Gross negligence includes, but is not limited to:
a) Failure to show in person, by proxy, or give word that he or she will not be present for any general or Executive meeting two times per term.
b) Blatant disregard for the position or the responsibilities of the position.
SECTION III.
In the case of gross negligence or inability, an Appointee may be removed upon recommendation of the President and two-thirds agreement by the voting body.
SECTION IV.
A Committee Chairperson may be removed by the executive action by the President.
SECTION V.
Should a member of the Executive Committee resign, new elections will be held as soon as possible to replace the resigning officer.
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ARTICLE IX. ADVISORS
In the event of a motion to amend the constitution, the faculty advisor will be present.
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ARTICLE X. DUES
IITEA will not require dues from any members.
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