By-Laws

Article I - Members

        Section 1. The members of the Club shall be persons who are book collectors, book lovers and those engaged in the promotion of the arts pertaining to the production of books and who are interested in participating in the activities of the Club. They shall be elected by the Membership Committee upon the proposal of a member. All candidates must have a proposer and a seconder. The proposal shall be accompanied by letters or forms from the two sponsors. The letters are to be submitted to the Chairman of the Membership Committee. The Committee shall meet quarterly and vote upon each name proposed.

        Section 2. There is an initiation fee of $35.00. The annual membership dues shall be $35.00, payable in January of each year. Any member whose dues are in arrears for a period of one year shall be dropped from the rolls unless payment is excused by action of the Board of Directors.

        Section 3. The Annual Meeting of the members shall be held on the third Tuesday in January of each year for the election of Directors and for the transaction of such other business as may properly be brought before such meeting. Special meetings of the members may be called at any time at the direction of the President or of the Board of Directors. Meetings of the members shall be held at the office of the Club or at such place as the Board of Directors may determine.

        Section 4. Written notice of the time and place of the Annual Meeting and of Special Meetings of the members shall be given to each member at least five (5) days prior to the day fixed for the meeting.

        Section 5. Seven (7) members shall constitute a quorum at any meeting of the Club.

Article II - Directors

        Section 1. The business and affairs of the Club shall be managed by a Board of at least five (5) Directors who shall be elected by the members of the Club to serve for a term of two years or until their successors are elected and qualify.

        Section 2. Vacancies in the membership of the Board of Directors shall be filled by a majority of the remaining members of the Board.

        Section 3. Immediately after the annual election of Directors, the Board of Directors shall meet for the purpose of organization and the election of officers. Regular meetings of the Board shall be held at such time and place as shall be designated from time to time by resolution of the Board. Special meetings of the Board of Directors may be called at any time at the direction of the President or at the request of three (3) or more Directors. Notice of special meetings shall be given to each Director either orally or in writing at least twenty-four (24) hours prior to the meeting.

        Section 4. Three (3) Directors shall constitute a quorum for the transaction of business.

Article III - Officers

        Section 1. The officers of the Club shall be a President, two Vice-Presidents, a Secretary and a Treasurer, and such other officers as the Board of Directors may designate. The officers shall be elected by the Board of Directors from their own membership and shall hold office for a term of two years or until their successors are elected and qualify.

        Section 2. The President shall preside at all meetings of the members and of the Board of Directors and shall in general perform all duties incident to the office of President.

        Section 3. The other officers shall perform the duties incident to their respective offices.

Article IV - Committees

        Section 1. The standing committees of the Club shall be the Membership Committee and the Program Committee. The President shall designate the members of these committees and their chairmen.

        Section 2. The Program Committee shall consist of at least three (3) members. It shall schedule the meetings of the Club and make the arrangements for speakers or other special events.

        Section 3. The Membership Committee shall consist of at least three (3) members.

        Section 4. Each committee shall meet at the call of its chairman.

Article V - Office and Meetings

        Section 1. The registered office of the Club shall be the Franklin Inn Club, 205 S. Camac Street, Philadelphia, Pa., unless some other office shall be designated by action of the Board of Directors. The archives of the Club shall be maintained at its office or at such other place as the Board shall designate.

        Section 2. The Club shall hold at least six (6) meetings a year, including the Annual Meeting. The meetings shall be held normally at the office of the Club.

Article VI - Fiscal Year

        Section 1. The fiscal year of the Club shall be the calendar year.

Article VII - Amendments

        Section 1. These By-Laws may be amended by affirmative vote of a majority of the Board of Directors at any regular or special meeting, providing that five (5) days' written notice of the proposed amendment shall have been given, unless such notice shall have been waived by all of the Directors.

(Revision, Incorporating amendments in membership procedures and dues of August 1997, in initiation fee of June 2000, and in dues and initiation fee of August 2005).