ARTICLE IV
Class Gift and Administrative Funds

SECTION 1. The Class may maintain a Class Gift Fund with the AOG that will be administered by the Treasurer in conjunction with the AOG. The purpose of the Class Gift Fund is to provide such gifts as the Class may determine to the United States Military Academy and the AOG. The USMA Superintendent and the Class must agree on the use of these funds.

SECTION 2. Upon approval of the Board, the Treasurer may establish one or more Administrative Funds with the AOG or elsewhere for the administrative affairs of the Class. Such funds shall be deposited and/or invested in checking accounts, savings accounts, or certificates of deposit unless otherwise approved by a majority of the members of the Class (considered to be "active" members by the Association of Graduates).  From time to time, the Board shall establish limits on the Treasurer's authority to withdraw funds from such accounts for any expense or series of related expenses without the additional signature of another officer. The Administrative Funds shall be used for Class administrative purposes, to include gifts to sons and daughters who graduate from a service academy, contributions or flowers upon the death of a member, and other purposes as approved by the Executive Board.

ARTICLE V
Class Gifts

Class gifts to the United States Military Academy and the AOG will be approved by the Class in accordance with Article III, Section 4, of the Class By-laws. Upon approval of a gift, the Executive Board may authorize the Treasurer to make specific disbursements from the Class Gift Fund in fulfillment of such gifts.

ARTICLE VI
Committees

The Executive Board may create such committees as it deems necessary and appropriate. Committees shall report to the Executive Board, except in the case of committees formed for the purposes of impeachment proceedings.

ARTICLE VII
Amendments

SECTION 1. Proposed amendments to these By-laws will be submitted by the Executive Board to Regular Members for approval, together with a written explanation of the amendment's purpose and a ballot. In case of an amendment's submittal being between Regular Meetings, the notice of proposed amendment will provide not less than sixty (60) days for Regular Members to return their ballots. A majority of those voting will be required to approve the proposed amendment.

SECTION 2. Any Regular Member may request the Board to consider a proposed amendment for Class approval. If the Board does not recommend the proposed amendment, the Regular Member may submit the proposed amendment for Class consideration at his own expense.