STAR GOLD Investment Club Constitution

Article I: Name and Purpose

Section 1: Name

a) The name of this club shall be Star Gold Investment Club.

b) Vision; to be the leading investment club in east and central Africa.
c) Mission; to be a model investment company in Uganda with at least two successful
running projects by 2019.

Section 2: OBJECTIVES

d) To increase awareness in the field of business relating to investment.

e) To further its members' knowledge of the various investment methods and strategies in a
diverse and conducive club environment.

f) To achieve a thorough understanding of career opportunities available via presentations,

panel discussions, guest speakers, and other mediums.

g) To provide real-world investment opportunities by maintaining a portfolio for future club

members

Article II: Membership

Section 1: Eligibility for Membership

a) to be a member of star gold investment club one shall have to pay nonrefundable fee of
ugshs 50,000.
b) A well completed application form in which he /she must state the next of kin.

Section 3: Removal of Members.

c) when a member passes on he/she ceases to be a member of the club and his next of kin takes
his shares or may become a member of the club

d) A member considered in poor standing with the club will meet with the officers to discuss
their actions, in hopes of reconciling any differences.

e) If a resolution does not occur, the voting members will hold a vote to determine if the member
should be removed.

f) A majority of the vote is required to remove a member from the club.

Article III: Officers

Section 1: Officer Qualifications

a) All officers must be committed members of the Investment Club.

Section 2: Elected Officers and Their Duties

b) President (1)

1. Will preside over all meetings.

2. Will be responsible for overseeing the organization of the activities of the club.

3. Will serve as Fund Manager of the Executive Board.

4. Will be responsible for organizational arrangements of the club.

c) Vice President (1)

1. Will act as President in the absence of the President.

2. Will be responsible for the scheduling of meetings, rooms, and multimedia equipment.

3. Will be responsible for facilitating presentations by club members and guest presenters.

d) Treasurer (1)

1. Will be responsible for keeping accurate records of the club’s accounts.

2. Will be responsible for putting together allocation requests.

3. Will be responsible for all available funds

4. will be responsible for maintaining the bank and account and reconcile the bank statement

e) secretary (1-2)

1. Will actively take minutes of the club meeting

2. Will be responsible for informing members of venue and time of meetings.

3. Will be responsible for keeping the club’s documents.

f) project manager

1. Will be responsible for the planning and execution of club activities. This includes club trips,
club-sponsored events, and bringing club speakers to the club.

2. Will be responsible for performing the duties related to marketing and recruiting.

3. Will actively survey the club’s members to determine their educational wants and needs
through encouraging them to write project proposals.

Section 3: Vacancy in Office

g) If a vacancy of office occurs, the responsibilities of that office will be split among remaining
officers/board members until a replace is found.

Section 4: Removal of Officers

h) The removal of an officer requires a majority vote of the club’s members in attendance at a
regular meeting.

i) Prior to a vote, an initial collection of signatures from at least two officers must be presented
along with the grounds for removal.

j) Member in question will have a chance to present his or her case before the final vote.

Article IV: Elections

Section 1: Nomination Process

a) An application process will be used for officer positions.

Section 2: Election

b) The method of selection is a secret ballot.

c) The member receiving the majority vote will hold the respective position.

d) Elections will take place during the last regular meeting in December; officers will have a
two-year term.

Section 3: Special Elections

e) Special elections will be held as needed within two weeks of a vacated position. The new
officer will serve the remainder of the vacated term.
Article V: Meetings

Section 1: Regular Meetings / Club Activities

a) Meetings will be held at a set time and location every other week during the year.

b) Email will be sent out to notify members of club meetings and their subject.

c) Any regular club activities will be announced at least 2 weeks in advance.

d) Executive meetings will be scheduled every other week and will be coordinated by the
President.

Section 2: Special Meetings

g) When an unplanned situation comes about, a special meeting will be called.

h) These special meetings will be run in the same manner as regular meetings.

Section 3: Parliamentary Authority

i) The President will direct the meetings and will ask for updates.

Section 4: Quorum

j) Two-thirds membership must be present for official club business to occur.

Article VI: Finances

Sources of income.

1. The annual subscription fee of ugshs 50,000 for members

2. The monthly contribution fee of ugshs 200,000 for members
3. Fees from the application forms for officers
4. Profits from the funded projects

Banking and financial control.

a) The club will open an investment club with centenary bank

b) The treasurer is in charge of banking all the club’s funds
c) On withdrawals, the following will be signatories
I. Treasurer (key signatory)
II. Vice president
III. Secretary
Projects

a) The project manager will have to make surveys for the profitable projects
b) Members will also submit their business proposals and surveys are made about them.
c) The project manager will present the profitable projects to members in the meeting and
the voted project will be under taken.
Sharing of funds.
i. The 90% of profits from the projects shall be shared by the members basing on their
capital contribution to a given project.
ii. 10% of the profits from all projects shall be taken by the club to increase on the capital
iii. For the sale of any asset of the club apriority is given to a member of the club and the
funds are distributed among members basing on respective capital contribution

Article VII: Amendments

a) This constitution may be amended by a two-thirds vote of the club members.

1. Any proposals must be submitted to an officer.

2. Officers must be given two weeks to present the proposal.

IN WITNESS whereas the undersigned have set their hands

this.......................day of.........................in the year of ............

NAME ........................ SIGNATURE ........................ WITNESSED BY ........................

NAME ........................ SIGNATURE ........................ WITNESSED BY ........................

NAME ........................ SIGNATURE ........................ WITNESSED BY ........................

NAME ........................ SIGNATURE ........................ WITNESSED BY ........................