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BY-LAWS
OF
VALDOSTA COUNTRY CLUB, INC.

ARTICLE I
Name and Purpose

1.1. Name. The corporate name of the Club shall be VALDOSTA COUNTRY CLUB,
INC. (hereinafter referred to as the "Club").

1.2. History. The Club is the, successor in interest to the Valdosta Country Club which
was originally incorporated on January 20, 1917, by the granting of its Charter by the Honorable
W. E. Thomas, Judge, Superior Court of Lowndes County, Georgia. The Valdosta Country Club
continued its corporate existence from its original incorporation until its Charter was
administratively dissolved on April 29, 1988. In order to continue the purposes of the Valdosta
Country Club, the Club was re-incorporated under the name Valdosta Country Club, Inc. on
December 15, 1995.
1.3. Ratification. The Club is the successor in interest to the Valdosta Country Club and
all the actions taken on behalf of the Valdosta Country Club by its Board of Directors and/or
Officers are hereby ratified, affirmed and approved in all respects except as may be hereinafter
specifically provided in these By-Laws.

1.4 Non-Profit Corporation. The club is a non-profit corporation organized and existing
under the Georgia Non-Profit Corporation Code (O.C.G.A. Section 14-3-101, et. seq.).

ARTICLE II
Property

2.1. Facilities. The property of the Club consists of the golf course, clubhouse, swimming
pools, tennis courts, grill, pro-shop, lakes and docks (the "Facilities"), and such other buildings
and equipment as are necessary for the upkeep and maintenance of the Facilities and the comfort
of the Members (as that term is hereinafter defined). For the purpose of these By-laws, the
Facilities shall include equipment that may be leased for the benefit of the Members or from time
to time rented to augment the Facilities of the Club.
2.2. Responsibility for Non-Club Property. The Club will not, under any
circumstances, be responsible for property of Members, visitors, guests or other persons brought
onto the Club Facilities for any purposes whatsoever. However, the Club may obtain insurance to
cover loss of Members' property which is in the care, custody and control of the Club.

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