Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 6 | LOCAL BUSINESSES AND INDIVIDUALS CAN PAY AN ANNUAL FEE TO BECOME A MEMBER OF THE PUTNAM COUNTY CHAMBER OF COMMERCE. |
| FORM 990, PART VI, SECTION A, LINE 7A | SELECTION AND ELECTION OF DIRECTORS A. NOMINATING COMMITTEE. A BOARD NOMINATING COMMITTEE COMPOSED OF THE PAST CHAIRMEN OF THE CHAMBER, CURRENTLY RESIDING IN THE UPPER CUMBERLAND REGION, AND CHAIRED BY THE IMMEDIATE PAST CHAIRMAN, SHALL PRESENT NOMINEES TO FILL VACANCIES ON THE BOARD OF DIRECTORS THAT MAINTAIN THE BUSINESS CATEGORY REPRESENTATION BALANCE DELINEATED BELOW: 3 MEMBERS - GENERAL COMMERCIAL 3 MEMBERS - INDUSTRY 3 MEMBERS - FINANCE & PROFESSIONAL 1 MEMBER - REAL ESTATE, INSURANCE OR CONSTRUCTION 5 MEMBERS - AT LARGE BY OCTOBER 1, THE NOMINATING COMMITTEE SHALL PRESENT TO THE PRESIDENT A SLATE OF FIVE (5) CANDIDATES TO SERVE THREE-YEAR TERMS, TO REPLACE THE DIRECTORS WHOSE REGULAR TERMS ARE EXPIRING. EACH CANDIDATE MUST BE AN ACTIVE MEMBER IN GOOD STANDING AND MUST HAVE AGREED TO ACCEPT THE RESPONSIBILITIES OF A DIRECTORSHIP. AT LEAST ONE (1) YEAR MUST SEPARATE EACH ELECTED THREE-YEAR TERM. B. PUBLICITY OF NOMINATIONS. UPON RECEIPT OF THE REPORT OF THE NOMINATING COMMITTEE, THE PRESIDENT SHALL WITHIN (7) DAYS NOTIFY THE MEMBERSHIP BY MAIL OR EMAIL OF THE NAMES OFTHE PERSONS NOMINATED AS CANDIDATES FOR DIRECTORS, AND THE RIGHT OF PETITION. C. NOMINATION BY PETITION. ADDITIONAL NAMES OF CANDIDATES FOR DIRECTORS CAN BE NOMINATED BY PETITION BEARING THE GENUINE SIGNATURE OF AT LEAST TWENTY-FIVE (25) QUALIFIED MEMBERS OFTHE CHAMBER. SUCH PETITION SHALL BE FILED WITH THE NOMINATING COMMITTEE WITHIN SEVEN (7) DAYS AFTER NOTICE HAS BEEN GIVEN OF THE NAMES OF THOSE NOMINATED. THE PETITION SHALL BE ACCOMPANIED BY A SIGNED FORM STATING THE NOMINEE'S WILLINGNESS TO SERVE ON THE BOARD. THE DETERMINATION OF THE NOMINATING COMMITTEE AS TO THE LEGALITY OF PETITION(S) SHALL BE FINAL. D. ELECTION IF NO PETITION IS FILED. IF NO PETITION IS FILED WITHIN THE DESIGNATED PERIOD, THE NOMINATIONS SHALL BE CLOSED AND THE NOMINATED SLATE OF FIVE (5) CANDIDATES SHALL BE DECLARED ELECTED BY THE BOARD OF DIRECTORS AT THEIR REGULAR NOVEMBER MEETING. E. ELECTION IF LEGAL PETITION IS FILED. IF A LEGAL PETITION SHALL PRESENT ADDITIONAL CANDIDATES, THE NAMES OF ALL CANDIDATES SHALL BE ARRANGED ON A BALLOT IN ALPHABETICAL ORDER. INSTRUCTIONS WILL BE TO VOTE FOR FIVE (5). THE PRESIDENT SHALL MAIL THIS BALLOT TO ALL ACTIVE MEMBERS WITHIN FIFTEEN (I5) DAYS AFTER THE CLOSING DATE FOR NOMINATIONS. THE BALLOT SHALL BE MARKED IN ACCORDANCE WITH INSTRUCTIONS PRINTED ON THE BALLOT AND RETURNED TO THE OFFICE DESIGNATED BY THE BOARD OF DIRECTORS WITHIN SEVEN (7) DAYS. THE BALLOT WILL NOTE THOSE CANDIDATES NOMINATED BY THE NOMINATING COMMITTEE. A COMMITTEE ON ELECTIONS COMPOSED OF THREE (3) TELLERS APPOINTED BY THE CHAIRMAN SHALL THEN MEET,COUNT THOSE BALLOTS THAT HAVE BEEN RETURNED; AND OF THOSE NOMINEES RECEIVING A TIE VOTE, THE COMMITTEE ON ELECTIONS SHALL DETERMINE THE SUCCESSFUL CANDIDATE BY LOT, AND THE CANDIDATE SO DETERMINED BY LOT SHALL BE ELECTED. THE COMMITTEE ON ELECTIONS SHALL DECLARE THE FIVE (5) CANDIDATES WITH THE GREATEST NUMBER OF VOTES ELECTED. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE PRESIDENT AND COMPTROLLER BOTH REVIEW THE FORM 990 BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF DIRECTORS APPROVE THE COMPENSATION FOR THE PRESIDENT. A CONTRACT IS SIGNED BY BOTH THE PUTNAM CHAMBER OF COMMERCE AND THE PRESIDENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART VII | ROBERT BELL - P O BOX 5007, COOKEVILLE, TN 38502. JEANIE LEE - 510 WEST JACKSON, COOKEVILLE, TN 38501. OTTIS PHILLIPS - 2128 BURTON BRANCH ROAD, COOKEVILLE, TN 38506. PHILLIP BAKER - 1165 SOUTH WILLOW AVENUE, COOKEVILLE, TN 38501. JEAN DAVIS - 745 CLARK AVENUE, COOKEVILLE, TN 38501. JILL HORNER - 730 TIMBER LANE, COOKEVILLE, TN 38501. MICHAEL PORTEN - 790 S JEFFERSON AVE, COOKEVILLE, TN 38501. CHUCK SPARKS - 1420 NEAL ST, COOKEVILLE, TN 38501. MIKE SWALLOWS - 480 NEAL ST, COOKEVILLE, TN 38501. DON VIAR - 410 S LOWE AVE, COOKEVILLE, TN 38501. |
| FORM 990, PART XII, LINE 1: | MODFIED ACCRUAL |
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