ARTICLE I -- Name

The name of this organization shall be "The Colt Collectors Association, Inc."

ARTICLE II -- Objectives

To promote the collecting of all types of Colt firearms and other Colt collectible items.

To provide a means of exchanging knowledge among Colt Collectors.

To offer an annual itinerant show and meeting for members and guests with an emphasis on a convenient and quality location.

ARTICLE III -- Membership

Section 1. Membership is to be obtained by application on a standard form for that purpose furnished by the Association. The completed form must be forwarded to the Secretary along with at least a full year's dues. Applications received after October 1 will effect membership starting January 1 of the following year. All memberships shall run from January 1 of each year.

Section 2. The Secretary will process each application and issue a membership card. The names of all new members along with city and state of residence will be published in the next newsletter.

Section 3. All new memberships are probationary for a period of one year after application. During this period their memberships may be terminated by a majority vote at a Board of Directors meeting. All dues paid by anyone terminated during the probationary period will be refunded. The decision of the Board of Directors shall be final.

Section 4. Any member may be terminated at any time for major violation of the By-Laws. If the member has completed his / her one year probationary period, a 2/3 majority vote at a Board of Directors meeting is required for termination. The members must be given the opportunity to answer any charges either by writing to the President or personally appearing at the Board of Directors meeting. The member must be notified by the President stating the charges at least 30 days prior to the initial hearing. The decision of the Board of Directors shall be final. Dues paid for the current year by any terminated individual will be refunded. If a life member is terminated, the refunded dues will not exceed the amount originally paid by the member.