Section 1.
The name of this organization is the "Professional
Currency Dealers Association, Inc." being incorporated under the laws of
the State of Wisconsin.
Section 2.
The objective of this organization shall be to promote,
stimulate and advance the profession of dealing in all forms of currency
and related items, to advance the study of paper money, and to promote
honest, knowledgeable and ethical dealing between member dealers and the
public.
Section 3.
The fiscal year of the Association shall be from January 1st through December 31st.
Section 1.
The Association shall be composed of Regular Members
and Honorary Members.
Section 2.
Regular Members shall be those individuals now Regular
Members in good standing and those hereafter admitted as Regular Members
on the manner hereinafter set forth:
Section 3.
Annual dues shall be determined by the Executive
Board and shall be payable to the Treasurer in advance of January 1st of
each year. Any member who fails to pay his (her) dues within thirty (30)
days from the of receipt of a past due notice, which shall be sent by Certified
Mail by the Treasurer, shall be liable to suspension, in which case his
(her) name shall be dropped from the membership rolls. Any member suspended
for non-payment of dues, or any member who has previously resigned, may
be reinstated upon payment of arrearages due at the time of suspension
or resignation, as well as all subsequent dues to date, provided no charges
are pending against such member, and in any case, only if the charges are
withdrawn or dismissed. If aforesaid payments are not made, then the individual
must apply for Regular Membership under the provisions as outlined in Article
II, Section 2.
Section 1.
Any member violating the by-laws of the Association,
committing any unethical act in his (her) dealing with others, unjustly
defaming the character of any other member, committing a criminal offense
under the laws of any state of the United States, or engaging in conduct
prejudicial to the welfare of the Association shall be subject to expulsion
or other disciplinary action as hereinafter provided.
Section 2.
Proceedings for expulsion or other disciplinary
action shall be initiated by written charges signed by the person making
them. Said person may, but need not be, a member of the Association. Such
charges, with particulars thereof, shall be filed with the Secretary, who
shall thereupon mail a written copy or summary thereof in an envelope sent
by Certified U.S. Mail to the accused member at the last address furnished
by him (her) to the Secretary. The accused member shall be afforded a reasonable
opportunity, which shall in no case be longer than forty - five (45) days
from the date of the receipt of the charges, to enter a written defense
to such charges. The matter shall then be referred to the Executive Board,
which shall determine the case under such rules and regulations as it may
adopt. The Executive Board may dismiss such charges, or it may recommend
censure, suspension, or expulsion of the accused member. Should the Executive
Board recommend censure, suspension, or expulsion of any member, the Secretary
shall, within ten (10) days, poll the membership, excepting the member
in question, as to whether the decision of the Executive Board shall be
upheld. The decision of the Executive Board shall be deemed upheld unless,
within thirty (30) days, two - thirds of the total membership votes to
reject the recommendation of the Executive Board. Should this occur, the
Secretary shall poll the membership to determine the appropriate disposition
of the matter, which shall then be decided by the majority of the members
voting. The Secretary shall notify all members as to the disposition of
all disciplinary actions.
Section 3.
Until the final decision of the Executive Board
is put forth, as ratified by the membership, the accused member shall continue
as a member in good standing of the Association
Section 4.
Any member convicted of a felony under the laws
of any state or the laws of the United States of America shall automatically
be expelled from membership in the Association.
Section 5.
No Regular Member shall be permitted to resign from
the Association while charges are pending against him (her). Additionally,
suspension or resignation will not abrogate indebtedness by said member
to the Association under any circumstances.
Section 6.
The Executive Board may vote to reinstate the membership
of any person who has been expelled from the Association, save for person
expelled by reason of conviction of a felony. A majority vote of the entire
membership shall be required before such individual is reinstated.
Section 1.
The elected officers of the Association shall be
the President, Vice President, Secretary, Treasurer, and four (4) Governors.
Section 2.
The Association's immediate past - President shall
automatically become a member of the Executive Board for a two year term
immediately upon expiration of his (her) elected office.
Section 3.
The President, Vice President, Secretary, Treasurer,
and four (4) Governors, plus the Association's immediate past - President,
shall constitute the Executive Board who shall manage, operate, and conduct
the affairs of the Association.
Section 4.
The President shall have general supervision over
all the affairs of the Association. His (her) duties shall include, but
not limited to, the following:
Section 5.
The duties of the Vice President shall be:
Section 6.
Section 7.
The Executive Board shall have the power to act
on the affairs and business of the Association, including but not being
limited to:
Section 9.
Terms of office for all Association officers shall
be two (2) years.
Section 1.
Officers shall be elected at the annual meeting
of the Association held in odd numbered years. Any Regular Member in good
standing shall be eligible for election to any office. Election shall be
decided by a majority vote of Association members in attendance at the
annual meeting.
Section 1.
The Association shall hold at least one (1) general
membership meeting per year.
Section 2.
In those years in which the Association sponsors
or co-sponsors an annual convention, the general membership meeting shall
take place during the time and at the place of said convention. In years
in which the Association does note sponsor or co-sponsor an annual convention,
the general membership meeting shall take place during the annual Memphis
International Paper Money Convention.
Section 1.
Should this Corporation dissolve or be liquidated
pursuant to the non-profit corporation laws of the State of Wisconsin,
any and all assets available for distribution shall be distributed as provided
in the Articles of Incorporation or shall be distributed to the American
Numismatic Society.
Rare Raised Denomination Colonial – Pennsylvania Issue April 10, 1777 Colonial Currency was issue...