NEW YORK THOROUGHBRED BREEDERS, INC.
BY-LAWS
Revised and Approved October 21, 2006

CONTENTS
( Click here for complete By-Laws in .pdf format)

TABLE OF CONTENTS

ARTICLE 1	NAME	Page 4
ARTICLE 2	PURPOSE	Page 4
ARTICLE 3	TERRITORY	Page 4
ARTICLE 4	PRINCIPAL OFFICE	Page 4
ARTICLE 5	MEMBERSHIP	Page 4 -5
ARTICLE 6	DIRECTORS	Page 5-7
ARTICLE 7	OFFICERS	Page 7
ARTICLE 8	DUTIES OF OFFICERS PAGE	Page 7
ARTICLE 9	COMMITTEES	Page 7
ARTICLE 10	COMPENSATION OF OFFICERS; CONTRACTS WITH OFFICERS, DIRECTORS OR MEMBERS	Page 8
ARTICLE 11	EXECUTIVE DIRECTOR	Page 8
ARTICLE 12	FINANCE	Page 8
ARTICLE 13	FISCAL PERIOD	Page 8
ARTICLE 14	PROPERTY, ASSETS AND SURPLUS	Page 8
ARTICLE 15	ANNUAL MEETINGS	Page 8
ARTICLE 16	SPECIAL MEETINGS	Page 8
ARTICLE 17	QUORUM	Page 9
ARTICLE 18	AMENDMENTS	Page 9
ARTICLE 19	MINUTES	Page 9
ARTICLE 20	EXEMPT ACTIVITIES	Page 9
ARTICLE 21	INDEMNIFICATION	Page 9 -10
ARTICLE 22	CORPORATE SEAL	Page 10