13                                          By Laws

13.1     The Committee shall have power to make, repeal and amend such by-laws as they may from time to time consider necessary for the well being of the Club which by-laws, repeals and amendments shall have effect until set aside by the Committee or at a General Meeting.

14                                            Finance

14.1     All moneys payable to the Club shall be received by the Treasurer and deposited in a bank account in the name of the Club.  No sum shall be withdrawn from the account except by cheque, signed by two of three executive Officers who must be the Chairman, Secretary and Treasurer. Any moneys not required for immediate use may be invested as the Committee in its discretion think fit.

14.2     The income and property of the Club shall be applied only in furtherance of the objects of the Club and no part thereof shall be paid by way of bonus, dividend or profit to any members of the Club, (save as set out in Rule 17.3.)

14.3     The Committee shall have power to authorise the payment of remuneration and expenses to any officer, member or employee of the Club and to any other person or persons for services rendered to the Club.

14.4     The financial transactions of the Club shall be recorded by the Treasurer in such manner as the Committee thinks fit.

14.5     The financial year of the Club shall be the period commencing on 1 March and finishing the last day of February.  Any change to the financial year shall require the approval of the members in a General Meeting.

14.6     The Committee shall retain for a minimum period of six years all financial records relating to the club and copies of Minutes of all meetings.

15                                            Borrowing

15.1     The Committee may borrow money on behalf of the Club for the purposes of the Club from time to time at their own discretion [up to such limits on borrowing as may be laid down from time to time by the General Meeting] for the general upkeep of the Club or with the (prior) approval of a General Meeting for any other expenditure, additions or improvements.

15.2     When so borrowing the Committee shall have power to raise in any way any sum or sums of money and to raise and secure the repayment of any sums or sums of money in such manner or on such terms and conditions as it thinks fit, and in particular by mortgage of or charge upon or by the issues of debentures charged upon all or any part of the property of the Club.

15.3     The Committee shall have no power to pledge the personal liability of any member of the Club for the repayment of any sums so borrowed.

16                                            Property

16.1     The property of the Club, other than cash at the bank, shall be vested in not more than four Custodians.  They shall deal with the property as directed by resolution of the Committee and entry in the minute book shall be conclusive evidence of such a resolution.

16.2     The Custodians shall be elected at a General Meeting of the Club and shall hold office until death or resignation unless removed by a resolution passed at a General Meeting.

16.3     The Custodians shall be entitled to an indemnity out of the property of the Club for all expenses and other liabilities properly incurred by them in the discharge of their duties.

17                                            Dissolution

17.1     A resolution to dissolve the Club shall only be proposed at a General Meeting and shall be carried by a majority of at least three- quarters of the members present and entitled to vote. A specific date for the dissolution shall be included in the resolution.

17.2     The dissolution shall take effect from the date specified in the resolution and the members of the Committee shall be responsible for the winding-up of the assets and liabilities of the Club.

17.3     Any property remaining after the discharge of the debts and liabilities of the Club shall be given to a charity or charities (or other non-profit making organisation having objects similar to those of the Club for the furtherance of such objects) nominated by the last Committee.

18                                            ACKNOWLEDGEMENT

18.1      The Members acknowledge that these Rules constitute a legally binding contract to regulate the relationship of the members with each other and the Club.

The following statement needs to appear on Club membership forms and is to be signed by the member and must also be countersigned by the parent, or a person having parental responsibility for the member, if under 18 years of age: 

I acknowledge receipt of the rules of Broadstairs Lifeguard and Swimming Club and confirm my understanding and acceptance that such rules (as amended from time to time) shall govern my membership of the Club. I further acknowledge and accept the responsibilities of membership upon members as set out in these rules.  I understand that membership subscriptions must be up to date or in advance for me to take part in the Clubs activities.

amended 8th May, 2012