Newfoundland Club of America Board of Directors Meeting

Special Board Meeting Teleconference, March 2, 2000 (as amended March 28, 2000)

President Aura Dean called the meeting to order at 8:03 p.m. CT. All Board members were in attendance except for Beverly Eichel, who called in at 8:13 p.m. AKC Delegate Mary W. Price was also present.

At 8:05, Tom Broderick moved and Cherrie Brown seconded that the Board go into executive session. The motion was carried unanimously.

At 10:20, Cherrie Brown moved and Tom Broderick seconded that the Board come out of executive session. The motion was carried unanimously.

As a result of discussion which took place in executive session, the tax matters that have been brought to the Board were referred to the Finance Committee for review. In addition the Board recommended that the Finance Committee retain a tax attorney, giving him power of attorney, experienced with not for profit dog clubs and charitable trusts. It was also the consensus of the Board that Jack Dean be asked to serve on the Finance Committee on a temporary basis until such time as the tax matters are resolved. In an effort to address these issues in a timely manner, the Finance Committee was asked to report back to the Board with a preliminary report by the March 28, 2000 teleconference. The Board approved the necessary funds to retain the tax attorney as well as an accountant, if necessary.

At 10:25, Frank Winnert moved and Cherrie Brown seconded to adjourn. The motion was carried unanimously.

Respectfully submitted,

Roger S. Frey, Recording Secretary