Articles of Incorporation
(As of February 23, 2001)
ARTICLES OF INCORPORATION
ST. CROIX YACHT CLUB INC.
Filed: September 26, 1952
The Club shall be known as the St. Croix Yacht Club, Inc.
The Club is formed for the express purpose of promoting interest and activity in the ownership, racing and cruising of yachts and small boats; of providing a meeting place for members whose common interest lies in ships and the sea; of augmenting the recreational facilities and visitor attractions of the island; of exchange and courtesies with other yacht clubs of the United States and Caribbean islands, and of extending to visiting yachtsmen the hospitality of St. Croix.
The Club’s principal place of business shall be at Estate Teague Bay, East End Quarter, St. Croix, Virgin Islands. Amended February 11, 1960.
The time for commencement of the Corporation shall be the date of filing the Articles of Incorporation and the period of continuance of said Corporation should be perpetual. Amended February 11, 1960.
Membership in the Club shall consist of Individual, Family, and Honorary Members. Non-Member Associates shall consist of Non-Resident Individual, Non-Resident Family, Corinthian Associates and Junior Associates. Amended February 11, 1960 and further amended July 2, 1975.
The highest amount of indebtedness or liability to which the Corporation shall at any time be subject shall be One Hundred Thousand Dollars ($100,000.00). Amended February 11, 1960.
The affairs of the Corporation shall be managed by a Board of at least twelve (12) Directors who shall be elected at the annual meeting of the Corporation. The Directors shall serve for a term of two years or until their successors are elected. From among the Directors, there shall be elected by the membership for a term of one (1) year: a Commodore, Vice Commodore, Rear Commodore, Fleet Captain, Secretary and Treasurer whose duties shall be prescribed by the By-Laws of the Corporation. Amended February 11, 1960 and further amended July 2, 1975.