Page 5 - Odessa Country Club By-Laws Book

ARTICLE IV

Section 1. Membership
(a) No person shall be eligible for membership in the Club unless such person is
of good moral character and shall have first been approved by the Board of
Directors.
(b) There shall be the following classes of membership in the Club:
a. Stockholding Personal
b. Stockholding Company
c. Junior
d. Senior Stockholding
e. Expanded Company
f. Honorary
g. Legacy
h. Widow Stockholding
i. Inactive
j. Non-resident
k. Social

(c) A member’s spouse and any unmarried children who are under the age of
twenty-five (25), still attending school full time and who reside in the member’s
household are entitled to use the Club. A spouse is defined as defined in the
laws of the State of Texas and in the Texas Family Code.
(d) The Board of Directors may, from time to time, fix the total number of members
to be admitted to the Club.

Section 2. Classes of membership

(a) Stockholding Personal Member: Stockholding Personal Members shall be those
who are eligible for membership under these By-Laws and who apply for
membership and are accepted as Stockholding Personal Members by the Board
of Directors. This class of membership shall be entitled to a stock certificate
which entitles such members the privilege of voting and holding office.

(b) Stockholding Company Member: Stockholding Company Members shall be those
companies who are eligible for membership under these By-Laws and who apply
for membership and are accepted as Stockholding Company Members by the
Board of Directors. This class of membership shall be entitled to a stock certificate
which entitles the company representative to the privilege of voting and holding
office. A company holding a Stockholding Company Membership shall be entitled
to designate only one family to use said membership. A Stockholding Company
2