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:: HDF By-Laws ::

ARTICLE VIII - Members

SECTION 1. MEMBERSHIPS. The Board of Directors shall have the power to create one or more class of Memberships, other than the Board of Trustees, which may be given any duties, rights or powers consistent with the Illinois General Not for Profit Corporation Act of 1986, as amended, the Articles of Incorporation, and these Bylaws. Said Members may be charged dues, and they may be given the right to nominate Directors, and exercise other corporate powers.

SECTION 2. CERTIFICATES OF MEMBERSHIP. The Board of Directors may provide for the issuance of Certificates evidencing Membership in the corporation, which shall be in such form as may be determined by the Board. Such certificates shall be signed by the Managing Director, President or a Vice President and by the secretary or an assistant secretary and may bear the corporation's seal, which may be in facsimile. The name and address of each Member shall be entered on the records of the corporation. If any certificate shall become lost, mutilated, or destroyed, a new certificate may be issued therefor on such terms and conditions as the Board of Directors may determine.

SECTION 2. ISSUANCE OF CERTIFICATES. When a Member has been admitted to Membership and has paid any initiation fee and dues that may then be required, a Certificate of Membership shall be issued in his or her name and delivered to him or her by the Secretary, if the Board of Directors shall have provided for the issuance of certificates of membership under the provisions of Section 1 of this Article.

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Date/Time Last Modified: 6/17/2002 4:28:59 PM

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