   Yesterday, the Board of Directors issued a corporate resolution directing the TLDA Secretary to open a corporate checking account. It's been many years since we've been in a position to become solvent and fund a budget. We're still working on the actual funding part, but according to TLDA Secretary David Scott, he'll be opening the account this coming Wednesday, 27 May 2009...
This should allow enough time for the letter of authorization directing him to open the account, as well as the check in the amount of $100.00 USD, to arrive at the agent address in Woodstock Georgia. CEO/CFO Karl Peters will be mailing out the package to Mr. Scott via the agent address from the corporate business address on St. Simons Island, Georgia tomorrow. Since there is no treasury at this point to report, the funds for obtaining the stamp to lick and the cost of the envelope will presumably come from Karl's pocket. The Ways and Means Committee is currently working on a proposal to fund a budget from membership dues. More on that once it reaches the BoD for approval., but basically, the plan is to establish membership dues in the amount of $50.00 USD per year, with current Full Members to be invoiced via PayPal on 31 January 2010 - the anniversary date of incorporation. Membership is not dependant upon the payment of dues, but those members who become more than 90 days delinquent will have their membership status adjusted to that of Associate Membership. Associate Members enjoy all the privileges that Full Members do, except for voting privileges. Rest assured, the TLDA represents all TLD Holders equally, regardless of whether they support the TLDA equally  |
