Econ Club Constitution

adopted February 24, 2004

I) We are the Econ Club at Iowa State University. The Econ Club abides by and supports established Iowa State University policies, State and Federal Laws.

II) PURPOSE: The Econ Club provides an environment in which individuals interested in economics can further their knowledge and understanding of economics. The club facilitates communication between students, faculty, and persons inside and outside the university.

III) MEMBERSHIP is open to any Iowa State student who attends an Econ Club meeting and provides their name and e-mail address to the Vice-President. An Econ Club member is anyone who is on the e-mail list and has attended more than one Econ Club meeting.

IV) OFFICERS generate club activities, follow university procedures for Student Organizations, keep club members informed, and ensure the Econ Club’s continuation.

There are five officers:

1. President: the duties of the President include (i) registering the club with ISU StuOrg every semester, (ii) organizing, (iii) broadcasting, and (iv) chairing meetings.

2. Vice President: is responsible for recruiting new members and maintaining the member e-mail list.

3. Treasurer: manages the funds in the Econ Club’s ISU StuOrg account.

4. Secretary: records decisions made at meetings, provides copy for the weekly Economics Department student “Newsletter,” and updates the “History of the Econ Club” documents on the club website.

5. Webmaster: updates the official club website

The officers of this organization must meet the following requirements:

(a) Have a minimum cumulative grade point average (GPA) as stated below and meet that minimum cumulative

GPA in the semester immediately prior to the election/appointment, the semester of election/appointment and

semesters during the term of office. For undergraduate students, the minimum GPA is 2.00. In order for this

provision to be met, at least six hours (half-time credits) must have been taken for the semester under

consideration.

(b) Be in good standing with the university and enrolled: at least half time (six or more credit hours), if an

undergraduate student (unless fewer credits are required to graduate in the spring and fall semesters) during the

term of office, and at least half time (four or more credits), if a graduate level student (unless fewer credits are

required in the final stages of their degree as defined by the Continuous Registration Requirement) during their

term of office.

Replacement and Removal Procedures:

An officer of the club may be removed from their position if they fail to meet their requirements and descriptions above. A 2/3 vote by the club members and approval by the advisor are necessary for removal.

Once an officer is removed a vote at the next meeting will take place to replace the vacant position. A simple majority vote is required.

V) ADVISOR: Duties include:

· Maintain communication and meet with officer(s) regularly

· Awareness and approval of financial expenditures

· Ensure that the organization is operating in conformity with the standards set forth by Iowa State University and Student Activities Center

The Advisor will be selected by the Club members with guidance from past advisor and other department staff. The Advisor will maintain their position until resignation and will be appointed as needed.

VI) VOTING: Most issues are decided by a show of hands at meetings. The election of officers occurs each January, in order to ensure continuity over the summer. A simple majority of the members casting a secret ballot is required to be elected President or Vice-President.

VII) ACCOUNTING: All monies belonging to this organization shall be deposited and disbursed through a bank account established for this organization at the Campus Organizations Accounting Office and/or approved institution/office (must receive authorization via Campus Organizations Accounting Office and Student Activities Center). All funds must be deposited within 24 hours after collection. The Adviser to this organization must approve and sign each expenditure before payment.

VIII) DUES: There are no required dues to be a member of the Econ Club.

IX) PROCEDURES FOR AMENDING THE CONSTITUTION:

This constitution may be amended and subsequently ratified at any time, with the unanimous approval of the President, Vice President, and Treasurer and with a simple majority of the membership, not counting abstainers. Members will be given one week to consider amendments. Ratified amendments to this Constitution must be submitted to the Student Activities Center within ten (10) days.