RHBAA GENERAL MEMBERSHIP MEETING MINUTES

President House called the meeting to order at 8:28am. President House asked Secretary Jones if there was a quorum, and she informed yes there was a quorum with a total of 237 voting members present.

President House welcomed and thanked everyone for making a concentrated effort to attend this special meeting. President House then asked for approval of the Feb. 2003 minutes. Mr. Jerome Zahnd made the motion to disperse of the reading of the last minutes and accept them as previously posted. Mr. Brown 2^nd and the motion carried.

President House then asked for the committee reports. Mr. Mullins gave the Treasury Report (see attachment #1). Mr. Vandevelde made a motion to accept the Treasury Report. Mr. Nipper 2^nd, and motion carried.

Mr. Townson made a motion to forgo the reporting of all other committee. Mr. Jacobs 2^nd. Mrs. Cotter had one question to ask Mr. Jacobs, promotions chairman. Mrs. Cotter asked Mr. Jacobs where we stand with the TV promotions. Mr. Jacobs informed everyone that at this time his budget could not allow this. President House then called for the question and the motion carried.

President House called for new business. At this time President House turned the floor over to Mr. Mullins who explained the current loan and the three proposed loan adjustments (see attachment #2).

After much discussion and input from various members, Mr. Court made a motion to accept Exhibit A, with the intent of putting the difference from the current loan and the proposed loan into a savings account. Mrs. Cotter 2^nd and the motion failed. Mrs. Haun made the motion to accept Exhibit B. Mr. Vandevelde 2^nd and the motion failed. Mrs. Cotter made a motion to accept Exhibit C. Mrs. Berry 2^nd and the motion failed.

President House then explained that we had to have some way to resolve the failure of the three proposals. After much discussion President House made a motion that we refinance the current loan as of this date, and allow the Treasurer and Mrs. Taylor to discuss and determine the current rate value with the banks. Mrs. Cotter 2^nd and motion carried.

Mr. Morrison made the motion to change section 9.3 (a) “AA” License to read: To be eligible for this license, a judge must have held an “A” license and judged a minimum of 4 affiliated shows. Mrs. Berry 2^nd and the motion carried.

Mr. Toler referenced his written request (see attachment #3) into the form of a motion. Mr. Vandevelde 2^nd and the motion carried.

Mr. Court referenced his proposals (see attachment #4, 5, 6). Due to the lack of time for proper discussion, Mr. Court withdrew his three motions.

Mr. Dabbs referenced his proposal (see attachment #7) into the form of a motion. Mrs. Crews 2^nd the motion and the motion failed after much deliberation.

President House then asked for anymore new business. With no other business President House thanked everyone for attending the meeting and the Fall Celebration. Mr. Court made the motion to adjourn and Mr. Morrison 2^nd, the motion carried.

Current Loan		Exhibit A		Exhibit B
Refinance		Current Loan	799,869.60	Current Loan	799,869.60
		Closing Costs	12,525.00	Closing Costs	12,975.00
				Arena Roof	127,000.00


Amount Financed	979,491.52		812,394.60		939,844.60
Interest Rate	7.88%		6.51%		6.51%
Term (Years)	15		15		15
Interest	692,705.96		462,238.68		534,755.56
Monthly Payment	9,373.45		7,081.30		8,192.22
Change in Payment			-2,292.15		-1,181.23


Payoff	799,869.60
Years Remaining	10.50
Interest Owed	381,185.10

Maturity Date	5 years		10 years		10 years
Balloon Payment	770,534.15		361,829.06		418,593.49

		Exhibit C
		Current Loan	799,869.60
		Closing Costs	13,725.00
		Arena Roof	127,000.00
		Office Covers	10,000.00
		Front Entrance	14,000.00
		Warm-up Area	160,350.00
		Amount Financed	1,124,944.60
		Interest Rate	6.51%
		Term (years)	15
		Interest	640,074.30
		Monthly Payment	9,805.66
		Change in Payment	432.21

		Maturity Date	10 Years
		Balloon Payment	501,034.41

In accordance with section 20.1 of the RHBAA official rule book and myself meeting the criteria listed in section 2.1 of the same publication hereby formally request an amendment be made to section 8.17 of the existing publication. The amended section to read as follows: “The racking horse “World Celebration.” To further implement and provide for the prestige of the Racking Horse as the Greatest And Most Versatile Show Horse in America, an annual World Celebration shall be held in each year in September in Alabama, where an annual “World Champion of the Breed” shall be chosen by a team of qualified judges. These judges to be picked from either the AA or AAA list as defined in section 9.3 (c) with a majority or all being chosen from the AAA list. These judges to be elected by no less than a quorum (5%) of the general membership. In the event that no quorum is obtained the selection of the judges shall be at the discretion of the Board of Directors. Classes featuring all divisions and age groups will be available.

I also humbly request as a separate amendment that a section 8.17 (a) be designated for the above request and the following amendment be added as 8.17 (b). “The racking horse “Spring Celebration.” In the interest of the breed and the spirit of section 8.17 (a) an Annual Spring Celebration shall be held in Alabama every April. The show shall culminate with the crowning of the “Spring Celebration Champion of the Breed” chosen by a team of qualified judges. These judges to be picked from either the AA list or AAA list as defined in section 9.3(c) with the majority or all being chosen from the AAA list. These judges to be elected by no less than a quorum (5%) of the general membership. In the event that no quorum is obtained the selection of the judges shall be at the discretion of the Board of Directors. Classes featuring all divisions and age groups will be available.

I, James Court, being a voting member of the RHBAA do hereby request amendments or additions to the bylaws and rules as printed in 2003. This request is in compliance with Section 20.1 of the bylaws and rules of 2003.

(a) Except as otherwise provided by law, the Articles of Incorporation or these Bylaws, Directors of the Association shall be elected on a State-by-State basis, with Members entitled to vote for and elect only such Directors as the size of membership in their State permits. Members resident in any particular state shall not be entitled to elect a director unless the total membership in the State entitled to vote equals or exceeds 20. Members of any particular state shall be entitled to elect one additional Director when the membership reaches 75 in number, and therefore shall be entitled to elect an additional director for every 100 members over 75.

(b) Members in States with a membership of less than 20 will be grouped together in Voting Regions and shall be entitled to elect Directors based upon such aggregated membership size as set forth in Section 3.4 (a) above. The grouping into Voting Regions shall be established by the Association’s Board of Directors in an effort to ensure that each voting Region shall be represented in proportion to the number of Members of the Association residing therein, and the decision of the Board of Directors as to such groupings shall be at its sole discretion, final and not subject to appeal. The decision of the Board of Directors as to the grouping of Members into Voting Regions shall be made at the same time that the determination of the number of Directors of the Association for the upcoming year is made.

(a) Each Director shall serve until his successor shall have been duly elected and qualified except in the event of the earlier termination of his term of office by reasons of death, resignation, removal or otherwise. No person shall be eligible to be a Director for more than two (2) full consecutive terms; however, a Director may serve more than two (2) nonconsecutive terms.

(c) The voting members of the RHBAA will be allowed to attend all Board meetings in their entirety, also all meetings of the committees of directors that are appointed by the Board and the meetings of the Executive committee. Times of all such meetings to be posted on the RHBAA web site ten days prior to the meeting and the agenda for each called meeting.

I, Robert Dabbs RHBAA Member #1522 do hereby submit the following amendments to be made in the RHBAA bylaws and rules dated January 2003. This submission is based on Article XX Section 20.1 referred to in the 2003 bylaws and rules.

The Bylaws may be amended in accordance with Article 7.2 of the Articles of Incorporation of the RHBAA; however, in order for an amendment to be considered or made by the Members of the RHBAA at the annual or a special meeting, it must be submitted to the Secretary of the RHBAA in writing at least 45 days prior to the membership meeting. The Secretary shall mail a copy of such proposed amendment to each Member, along with the notice of the meeting; or, if notice of the meeting is published in a newspaper as provided for herein, the such proposed amendment may likewise be published.

Amend the bylaws and rules to form a NEW DIVISION. The division will be called the SPECIALTY ACTION DIVISION and will be SECTION 11B.12 with the following changes in the bylaws and rules dated January 2003.

(a) Emphasis is not placed on this division, although the interest of the Racking Horse Membership has dictated that the RHBAA have a division using an action device. This division will be shown in pads and flat shod and meet the requirement of the HPA shoeing rules and regulation. Action devices that are permitted by the HPA to be used in this division. This division will consist of TWO-YEAR-OLD, THREE-YEAR-OLD, FOUR-YEAR-OLD AND AGED HORSES. The classes can be divided between Genders, Open, Amateur, and Youth and are required to execute the three gaits of the Racking Horse. (Exceptions: Youth 12 and Under, Two-Year-Old and any combination with a Two-Year-Old Horse in said class. These will perform two gaits, the show walk and the slow rack.) Championship classes for this division will be limited to this division only and will be unable to show in any other Championship class.

(b) Tack, dress and showmanship to be the same as in Section 11.12 open division.

The Specialty Action horse shall enter the ring at a Show Walk, prior to the initial judging of the class.

Horse competing in the Racking classes in shows affiliated/sanctioned by the RHBAA must be duly registered with the RHBAA (exception: Lead Line Ponies) and must be entered under their full registered names and current registered owner’s name. Racking Horse in the Specialty Action Division may be shown with an action device that is in compliance with the HPA act. Racking Horses in all other divisions may not be exhibited with tail braces, chains or any other apparatus that would restrict their natural movement.