Minutes of a Special Meeting of the Board
October 4, 2008

Attending:

Rick Rupkey, President; Rusty Buss, Vice President; E. Jay Richardson, Secretary; Dwight Eller, Treasurer; Bob Ruikka, Member; Tony Marrs, Member; David Alspach, Member; Vern Myers, Member; Tom Sanders, Member and Lee Cox, Member.

President Rupkey, noting the presence of a quorum, called the meeting to order at 11:07 a.m. The meeting was held in the Conference Room of Sam Hughes Place, Tucson, Arizona.

On a motion by Vice President Buss and a second by Member Sanders, the minutes of the Special Board meeting of April 12, 2008 as posted on the website were unanimously approved.

Treasurer Eller reported that there is $428.87 in the Operating account, $3,012.52 in the Savings Account and $971.11 in the Alumni account. He also reported that as October 4th, 2008, there was $297,281.00 in the investment account.

The Board engaged in a discussion of 2008 Homecoming. Member Sanders reported that a tailgating permit had been acquired and President Rupkey reported that an RV had been reserved. It also scheduled the annual Membership Meeting of the Corporation to be held at 4:20 p.m.on Saturday, October 25, 2008, at RV parked in the tailgating area. Other information will be posted on the ATW website.

Member Sanders reported on his discussions with Steve Russo, an attorney who deals with charitable entities. Member Sanders recommended that Epsilon Beta change its legal status from a 501(c)2 to a 501(c)3 to protect our assets. This would mean that EB would be responsible to make a 5% donation each year of its income through dues to a charitable organization. On a motion from Member Sanders and a second by Vice President Buss, this change was put before the board and was accepted unanimously. This decision will be brought to the attention of the general membership during the annual Membership Meeting by way of explanation.

in light of the above, Vice President Buss made a motion that all Expansion Reports be tabled until further notice. It was seconded by member Ruikka and approved unanimously.

Seeing the absence of key Board members involved in the discussion of Philanthropy projects, President Rupkey tabled any discussion to a future meeting.

The Board tentatively scheduled its Regular meeting for Saturday, November 22, 2008, at 11:00 a.m. at Sam Hughes Place

There was no old business nor new business to discuss.

Following an abbreviated Good of the Order, on a motion by Vice President Buss and a second by Member Alspach, the meeting was adjourned at 1:00 p.m.

These minutes were approved at a regular meeting of the EB Board on ___November 22, 2008__________________.

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Signed:

E. Jay Richardson
Secretary