EXHIBIT 3.41
CODE OF BY-LAWS
For the Government of the
Board of Directors
of
SALEM MEDIA OF OHIO, INC.
ARTICLE I
MEETINGS OF DIRECTORS
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Sec. 1. Regular Annual Meeting. A regular annual meeting of the Board of
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Directors shall be held immediately following the termination of the
regular annual meeting of the shareholders of the corporation and at the same
place of such shareholders' meeting, unless a different time and place is
fixed by resolution of the Board of Directors. If, for any reason, the annual
meeting is not held, then the business which may be transacted thereat may be
transacted at any special meeting called as provided for in Section 3 of
this Article.
Sec. 2. Other Regular Meetings. Other regular meetings of the Board of
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Directors may be held at such times and places as may be fixed by resolution of
the Board of Directors.
Sec. 3. Special Meetings. Special meetings of the Board of Directors
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may be called by the President or a Vice-President, or by a majority of the
Board of Directors.
Sec. 4. Place of Meetings. Any meeting of the Board of Directors may be held
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at any place within or without the State of Ohio as may be fixed by resolution
of the Board of Directors.
Sec. 5. Notice of Meetings and Waiver of Notice. (a) A written or printed
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notice of each regular or special meeting of the Board of Directors, stating
the time and place thereof shall be delivered to each director or sent to him by
mail, telegram, cablegram or radiogram at his last known post office address,
not more than twenty (20) days nor less than forty-eight (48) hours before the
time fixed for the meeting. Meetings may be held at any time or place without
notice if the meeting or if those who are absent assent in writing to the
holding of the meeting. Such assent may be given by the absent directors either
before, at or after any meeting of the Board, waiving any or all of the
provisions of law or of these By-Laws as to notices of such meeting or as to any
irregularities in such notice or in the giving thereof, and shall thereby
validate the proceedings of such meeting as fully as though all the requirements
of the provisions waived had been duly met in their respective cases.
(b) If any meeting of the Board of Directors is adjourned to
another time or place, no further notice as to such adjourned meeting need be
given if the time and place are fixed at the meeting adjourned.
Sec. 6. Quorum. A majority of the entire Board of Directors shall
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constitute a quorum at all meetings.
Sec. 7. Order of Business. The order of business of the Board of Directors
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at regular meetings, unless changed by a majority of the Directors present,
shall be as follows:
1. Reading of minutes of previous meeting and taking action thereon;
2. Reading reports and statements of officers and committees;
3. Unfinished business;
4. Election of officers (at annual meeting);
5. New or miscellaneous business;
6. Adjournment.
ARTICLE II
COMPENSATION OF OFFICERS
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The officers of the corporation shall receive such compensation as shall be
fixed by resolution of the Board of Directors.
ARTICLE III
AMENDMENTS
----------
By-Laws for the government of the Board of Directors may be adopted,
amended or repealed by a majority vote for the entire Board of Directors at any
regular meeting thereof, or at any meeting if such meeting be duly called as a
special meeting for that purpose or if each member of the Board of Directors
shall be present at the meeting or shall waive in writing the call and notice
thereof.
[End of Code of By-Laws]
CODE OF REGULATIONS
OF
SALEM MEDIA OF OHIO, INC.
ARTICLE I
Fiscal Year
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Unless otherwise designated by resolution of the Board of Directors, the
first fiscal year of the corporation after the adoption of this Code of
Regulations shall end on December 31, 1981. Subsequently, the fiscal year of
the corporation shall commence on the first day of April in each year and end on
the last day of March, or be such other period as the Board of Directors may
designate by resolution.
ARTICLE II
SHAREHOLDERS
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Section 1. Meetings of Shareholders
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(a) Annual Meeting. The annual meeting of the shareholders of this
--------------
corporation, for the election of directors, the consideration of financial
statements and other reports, and the transaction of such other business as may
properly be brought before such meeting, shall be held at 9:30 A.M., on the
first Tuesday in the third month following the end of the fiscal year in each
year after 1981. The first annual meeting shall be held in 1982. Upon due
notice, there may also be considered and acted upon at an annual meeting any
matter which could properly be considered and acted upon at a special meeting,
in which and for which purpose the annual meeting shall also be considered as,
and shall be, a special meeting. In the event the annual
meeting is not held or if directors are not elected thereat, a special meeting
may be called and held for that purpose.
(b) Special Meeting. Special meetings of the shareholders may be
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held on any business day when called by any person or persons who may be
authorized by law to do so. Calls for special meetings shall specify the
purpose or purposes thereof, and no business shall be considered at any such
meeting other than that specified in the call therefor.
(c) Place of Meetings. Any meeting of shareholders may be held at
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such place within or without the State of Ohio as may be designated in the
Notice of said meeting.
(d) Notice of Meeting and Waiver of Notice.
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(1) Notice. Written notice of the time, place and purposes of
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any meeting of shareholders shall be given to each shareholder entitled thereto
not less than seven (7) days nor more than sixty (60) days before the date fixed
for the meeting and as prescribed by law. Such notice shall be given either by
personal delivery or mailed to each shareholder entitled to notice of or
to vote at such meeting. If such notice is mailed, it shall be directed,
postage prepaid, to the shareholders at their respective addresses as they
appear upon the records of the corporation, and notice shall be deemed to have
been given on the day so mailed. If any meeting is adjourned to another time
or place, no notice as to such adjourned meeting need be given other than by
announcement at the meeting at which such an adjournment is taken. No
business shall be transacted at any such adjourned meeting except as might have
been lawfully transacted at the meeting at which such adjournment was taken.
(2) Notice to Joint Owners. All notices with respect to any shares to
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which persons are entitled by joint or common ownership may be given to that one
of such persons who
is named first upon the books of this corporation, and notice so given shall be
sufficient notice to all the holders of such shares.
(3) Waiver. Notice of any meeting, however, may be waived in
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writing by any shareholder either before or after any meeting of shareholders,
or by attendance at such meeting without protest prior to the commencement
thereof.
(e) Shareholders Entitled to Notice and to Vote. If a record date
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shall not be fixed or the books of the corporation shall not be closed against
transfers of shares pursuant to statutory authority, the record date for
the determination of shareholders entitled to notice of or to vote at any
meeting of shareholders shall be the close of business on the twentieth day
prior to the date of the meeting, and only shareholders of record at
such record date shall be entitled to notice of and to vote at such meeting.
Such record date shall continue to be the record date for all adjournments of
such meeting unless a new record date shall be fixed and notice thereof and of
the date of the adjourned meeting be given to all shareholders entitled to
notice in accordance with the new record date so fixed.
(f) Quorum. At any meeting of shareholders, the holders of shares
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entitling them to exercise a majority of the voting power of the corporation,
present in person or by proxy, shall constitute a quorum for such meeting;
provided however, that no action required by law, the Articles, or these
Regulations to be authorized or taken by the holders of a designated proportion
of the shares of the corporation may be authorized or taken by a lesser
proportion. The shareholders present in person or by proxy, whether or not a
quorum be present, may adjourn the meeting from time to time without notice
other than by announcement at the meeting.
(g) Organization of Meetings:
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(1) Presiding Officer. The Chairman of the Board, or in his absence,
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the President, or in the absence of both of them, a Vice-President of the
corporation shall call all meetings of the shareholders to order and shall
act as Chairman thereof, if all are absent, the shareholders shall elect
a Chairman.
(2) Minutes. The secretary of the corporation, or, in his absence, an
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Assistant Secretary, or, in the absence of both, a person appointed by the
Chairman of the meeting, shall act as Secretary of the meeting and shall keep
and make a record of the proceedings thereat.
(h) Order of Business. The order of business at all meetings of the
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shareholders, unless waived or otherwise determined by a vote of the holder or
holders of the majority of the number of shares entitled to vote present in
person or represented by proxy, shall be as follows:
1. Call meeting to order.
2. Selection of Chairman and/or Secretary, if necessary.
3. Proof of notice of meeting and presentment of affidavit
thereof.
4. Roll call, including filing of proxies with Secretary.
5. Upon appropriate demand, appointment of inspectors of election.
6. Reading, correction and approval of previously unapproved
minutes.
7. Reports of officers and committees.
8. If annual meeting, or meeting called for that purpose,
election of Directors.
9. Unfinished business, if adjourned meeting.
10. Consideration in sequence of all other matters set forth in
the call for and written notice of the meeting.
11. Adjournment.
(i) Voting. Except as provided by statute or in the Articles, every
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shareholder entitled to vote shall be entitled to cast one vote on each proposal
submitted to the meeting for each share held of record by him on the record date
for the determination of the shareholders entitled to vote at the meeting. At
any meeting at which a quorum is present, all questions and business which may
come before the meeting shall be determined by a majority of votes cast,
except when a greater proportion is required by law, the Articles, or these
Regulations.
(j) Proxies. A person who is entitled to attend a shareholders
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meeting, to vote thereat, or to execute consents, waivers and releases, may be
represented at such meeting or vote thereat, and execute consents, waivers, and
releases, and exercise any of his rights, by proxy or proxies appointed by a
writing signed by such person, or by his duly authorized attorney, as provided
by the laws of the State of Ohio.
(k) List of Shareholders. At any meeting of shareholders, a list
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of shareholders, alphabetically arranged, showing the number and classes of
shares held by each on the record date applicable to such meeting shall be
produced on the request of any shareholder.
Section 2. Action of Shareholders Without a Meeting
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Any action which may be taken at a meeting of shareholders may be
taken without a meeting if authorized by a writing or writing signed by all of
the holders of shares who would be entitled to notice of a meeting for such
purpose, which writing or writings shall be filed or entered upon the records of
the corporation.
ARTICLE III
DIRECTORS
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Section 1. General Powers
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The business, power and authority of this corporation shall be
exercised, conducted and controlled by a Board of Directors, except where
the law, the Articles or these Regulations require action to be authorized or
taken by the shareholders.
Section 2. Election, Number and Qualification of Directors
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(a) Election. The directors shall be elected at the annual meeting
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of shareholders, or if not so elected, at a special meeting of
shareholders called for that purpose. At any meeting of shareholders at which
directors are to be elected, only persons nominated as candidates shall be
eligible for election.
(b) Number. The number of directors, which shall not be less than
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the lesser of three (3) or the number of shareholders of record, may be fixed or
changed at a meeting of the shareholders called for the purpose of electing
directors at which a quorum is present, by the affirmative vote of the
holders of a majority of the shares represented at the meeting and entitled to
vote on such proposal. The number of directors elected shall be deemed to
be the number of directors fixed unless otherwise fixed by resolution adopted
at the meeting at which such directors are elected.
(c) Qualification. Directors need not be shareholders of the
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corporation.
Section 3. Term of Office of Directors
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(a) Term. Each director shall hold office until the next annual
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meeting of the shareholders and until his successor has been elected or until
his earlier resignation, removal from
office, or death. Directors shall be subject to removal as provided by statute
or by other lawful procedures and nothing herein shall be construed to prevent
the removal of any or all directors in accordance therewith.
(b) Resignation. A resignation from the Board of Directors shall be
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deemed to take effect immediately upon its being received by any incumbent
corporate officer other than an officer who is also the resigning director,
unless some other time is specified therein.
(c) Vacancy. In the event of any vacancy in the Board of Directors
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for any cause, the remaining directors, though less than a majority of the whole
Board, may fill any such vacancy for the unexpired term.
Section 4. Meetings of Directors
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(a) Regular Meetings. A regular meeting of the Board of Directors
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shall be held immediately following the adjournment of the annual meeting of the
shareholders or a special meeting of the shareholders at which directors are
elected. The holding of such shareholders' meeting shall constitute notice of
such directors' meeting and such meeting may be held without further notice.
Other regular meetings shall be held at such other times and places as may be
fixed by the directors.
(b) Special Meetings. Special meetings of the Board of Directors may
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be held at any time upon call of the Chairman of the Board, the President, any
Vice-President, or any two directors.
(c) Place of Meeting. Any meeting of directors may be held at such
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place within or without the State of Ohio as may be designated in the Notice of
said meeting.
(d) Notice of Meeting and Waiver of Notice. Notice of the time and
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place of any regular or special meeting of the Board of Directors (other than
the regular meeting of
directors following the adjournment of the annual meeting of the shareholders or
following any special meeting of the shareholders at which directors are
elected) shall be given to each director by personal delivery, telephone, mail,
telegram or cablegram at least forty-eight (48) hours before the meeting, which
notice need not specify the purpose of the meeting. Such notice, however, may be
waived in writing by any director either before or after any such meeting, or by
attendance at such meeting without protest prior to the commencement thereof.
Section 5. Quorum and Voting
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At any meeting of directors, not less than one-half of the whole
authorized number of directors is necessary to constitute a quorum for such
meeting, except that a majority of the remaining directors in office constitutes
a quorum for filling a vacancy in the Board. At any meeting at which a
quorum is present, all acts, questions and business which may come before the
meeting shall be determined by a majority of votes cast by the directors
present at such meeting, unless the vote of a greater number is required b the
Articles, Regulations or By-Laws.
Section 6. Committees
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(a) Appointment. The Board of Directors may from time to time appoint
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certain of its members (but in no event less than three) to act as a committee
or committees in the intervals between meetings of the Board and may delegate to
such committee or committees powers to be exercised under the control and
direction of the Board. Each such committee and each member thereof shall serve
at the pleasure of the Board.
(b) Executive Committee. In particular, the Board of Directors may
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create from its membership and define the powers and duties of an Executive
Committee. During the intervals between meetings of the Board of Directors
the Executive Committee shall possess
and may exercise all of the powers of the Board of Directors in the management
and control of the business of the corporation to the extent permitted by law.
All action taken by the Executive Committee shall be reported to the Board of
Directors at its first meeting thereafter.
(c) Committee Action. Unless otherwise provided by the Board of
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Directors, a majority of the members of any committee appointed by the Board
of Directors pursuant to this Section shall constitute a quorum at any meeting
thereof and the act of a majority of the members present at a meeting at which a
quorum is present shall be the act of such committee. Action may be taken by
any such committee without a meeting by a writing signed by all its members.
Any such committee shall prescribe its own rules for calling and holding
meetings and its method or procedure, subject to any rules prescribed by
the Board of Directors, and shall keep a written record of all action taken by
it.
Section 7. Action of Directors without a Meeting
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Any action which may be taken at a meeting of directors may be taken
without a meeting if authorized by a writing or writings signed by all the
directors, which writing or writings shall be filed or entered upon the
records of the corporation.
Section 8. Compensation of Directors
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The Board of Directors may allow compensation for attendance at
meetings or for any special services, may allow compensation to members of any
committee, and may reimburse any director for his expenses in connection with
attending any Board or Committee meeting.
Section 9. Attendance at Meetings of Persons who are not Directors
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Unless waived by a majority of directors in attendance, not less
than twenty-four (24) hours before any regular or special meeting of the Board
of Directors, any director who desires the presence at such meeting of not more
than one person who is not a director shall so notify all other
directors, request the presence of such person at the meeting, and state the
reason in writing. Such person will not be permitted to attend the directors'
meeting unless a majority of the directors in attendance vote to admit such
person to the meeting. Such vote shall constitute the first order of business
for any such meeting of the Board of Directors. Such right to attend, whether
granted by waiver or vote, may be revoked at any time during any such meeting by
the vote of a majority of the directors in attendance.
ARTICLE IV
OFFICERS
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Section 1. General Provisions
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The Board of Directors shall elect a President, a Secretary
and a Treasurer, and may elect a Chairman of the Board, one or more Vice-
Presidents, and such other officers and assistant officers as the Board may
from time to time deem necessary. The Chairman of the Board, if any, and the
President shall be directors, but no one of the other officers need be a
director. Any two or more offices may be held by the same person, but no officer
shall execute, acknowledge or verify any instrument in more than one capacity if
such instrument is required to be executed, acknowledged or verified by two or
more officers.
Section 2. Powers and Duties
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All officers, as between themselves and the corporation, shall
respectively have such authority and perform such duties as are customarily
incident to their respective offices, and as may be specified from time to
time by the Board of Directors, regardless of whether such authority and
duties are customarily incident to such office. In the absence of any
officer of the corporation, or for any other reason the Board of Directors may
deem sufficient, the Board of Directors may delegate for the time being, the
powers or duties of such officer, or any of them, to any other officer or to
any director. The Board of Directors may from time to time delegate to any
officer authority to appoint and remove subordinate officers and to
prescribe their authority and duties. Since the lawful purposes of this
corporation include the acquisition and ownership of real property, personal
property and property in the nature of patents, copyrights, and trademarks and
the protection of the corporation's property rights in its patents,
copyrights and trademarks, each of the officers of this corporation is
empowered to execute any power of attorney necessary to protect, secure, or
vest the corporation's interest in and to real property, personal
property and its property protectable by patents, trademarks and
copyrights registrations and to secure such patents, copyrights and trademark
registrations.
Section 3. Term of Office and Removal
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(a) Term. Each officer of the corporation shall hold office during
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the pleasure of the Board of Directors, and unless sooner removed by the Board
of Directors, until the meeting of the Board of Directors following the date of
their election and until his successor is elected and qualified.
(b) Removal. The Board of Directors may remove any officer at any
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time, with or without cause by the affirmative vote of a majority of directors
in office.
Section 4. Compensation of Officers
------------------------
Unless compensation is otherwise determined by a majority of the
directors at a regular or special meeting of the Board of Directors, or unless
such determination is delegated by the Board of Directors to another officer
or officers, the President of the corporation from time to time shall determine
the compensation to be paid to all officers and other employees for services
rendered to the corporation.
ARTICLE V
INDEMNIFICATION OF DIRECTORS AND OFFICERS
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(a) Right of Indemnification. Each director, officer and member of
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a committee of this corporation, and any person who may have served at the
request of this corporation as a director, officer or member of a committee of
any other corporation in which this corporation is a creditor, his heirs,
executors and administrators, shall be indemnified by the corporation against
all costs and expenses reasonably incurred by him concerning, or in connection
with, the defense of any claim asserted or suit or proceeding brought against
him by reason of his conduct or actions as a director, officer or member of a
committee of this corporation, or a director, officer of member of a committee
of such other corporation, whether or not he continues to be a director, officer
or member of a committee at the time of incurring such costs or expenses, except
costs and expenses incurred in relation to matters as to which such director,
officer or member of a committee shall have been willfully derelict in the
performance of his duty as such director, officer or member of a committee. Such
costs and expenses shall include the costs of reasonable settlements (with or
without suit),
judgments, attorneys' fees, costs of suit, fines and penalties and other
liabilities (other than amounts paid by any such person to this corporation or
any such other corporation).
(b) Definition of Performance. For the purposes of this Article,
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a director, officer or member of a committee shall conclusively be deemed not to
have been willfully derelict in the performance of his duty as such director,
officer or member of a committee:
(1) Determination by Suit. In a matter which shall have been the
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subject of a suit or proceeding in which he was a party which is disposed of by
adjudication on the merits, unless he shall have been finally adjudged in such
suit or proceeding to have been willfully derelict in the performance of his
duty as such director, officer or member of a committee, or
(2) Determination by Committee. In a matter not falling within (1)
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next preceding if either a majority of disinterested members of the Board of
Directors or a majority of a committee of disinterested shareholders of the
corporation, (excluding therefrom any director, officer or member of a
committee) selected as hereinafter provided shall determine that he was not
willfully derelict. Such determination shall be made by the disinterested
members of the Board of Directors except where such members shall determine that
such matter should be referred to said committee of disinterested shareholders.
(c) Selection of Committee. The selection of a committee of
----------------------
shareholders provided above may be made by the majority vote of the
disinterested directors or, if there be no disinterested director or
directors, by the chief executive officer of the corporation. A director or
shareholder shall be deemed disinterested in a matter if he has no interest
therein other than as a director or shareholder of the corporation as the case
may be. The corporation shall pay the fees and expenses of the shareholders or
directors, as the case may be, incurred in connection with making a
determination as above provided.
(d) Non-Committee Determination. In the event that a director,
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officer or member of a committee shall be found by some other method not to have
been willfully derelict in the performance of his duty as such director, officer
or, member of a committee, then such determination as to dereliction shall not
be questioned on the ground that it was made otherwise than as provided above.
(e) Indemnification by Law. The foregoing right of
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indemnification shall be in addition to any rights to which any such person may
otherwise be entitled as a matter of law.
ARTICLE VI
SECURITIES HELD BY THE CORPORATION
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Section 1. Transfer of Securities Owned by the Corporation
-----------------------------------------------
All endorsements, assignments, transfers, stock powers, share
powers or other instruments of transfer of securities standing in the name of
the corporation shall be executed for and in the name of the corporation by the
President, by a Vice-President, by the Secretary or by the Treasurer or by any
other person or persons as may be thereunto authorized by the Board of
directors.
Section 2. Voting Securities held by the Corporation
-----------------------------------------
The Chairman of the Board, President, any Vice-President, Secretary
or Treasurer, in person or by another person thereunto authorized by, the Board
of Directors, in person or by proxy or proxies appointed by him, shall have
full power and authority on behalf of the corporation to vote, act and consent
with respect to any securities issued by other corporations which the
corporation may own.
ARTICLE VII
SHARE CERTIFICATES
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Section 1. Transfer and Registration of Certificates
-----------------------------------------
The Board of Directors shall have authority to make such rules and
Articles or these Regulations, as it deems expedient concerning the issuance,
transfer and registration of certificates for shares and the shares
represented thereby and may appoint transfer agents and registrars thereof.
Section 2. Substituted Certificates
------------------------
Any person claiming that a certificate for shares has been lost,
stolen or destroyed, shall make an affidavit or affirmation of that fact
and, if required, shall give the corporation (and its registrar or
registrars and its transfer agent or agents, if any) a bond of indemnity, in
such form and with one or more sureties satisfactory to the Board, and, if
required by the Board of Directors, shall advertise the same in such manner as
the Board of Directors may require, whereupon a new certificate may be executed
and delivered of the same tenor and for the same number of shares as the one
alleged to have been lost, stolen or destroyed.
ARTICLE VIII
SEAL
----
The directors may adopt a seal for the corporation which shall be in such
form and of such style as is determined by the directors. Failure to affix any
such corporate seal shall not affect the validity of any instrument.
ARTICLE IX
CONSISTENCY WITH ARTICLES OF INCORPORATION
------------------------------------------
If any provision of these Regulations shall be inconsistent with the
corporation's Articles of Incorporation (and as they may be amended from time to
time), the Articles of Incorporation (as so amended at the time) shall govern.
ARTICLE X
SECTION HEADINGS
----------------
The headings contained in this Code of Regulations are for reference
purposes only and shall not be construed to be part of and/or shall not
affect in any way the meaning or interpretation of this Code of Regulations.
ARTICLE XI
AMENDMENTS
----------
This Code of Regulations of the corporation (and as it may be amended
from time to time may be amended or added to by the affirmative vote or the
written consent of the shareholders of record entitled to exercise a majority of
the voting power on such proposal; provided, however, that if an amendment or
addition is adopted by written consent without a meeting of the shareholders, it
shall be the duty of the secretary to enter the amendment or addition in the
records of the corporation, and to mail a copy of such amendment or addition to
each shareholder of record who would be entitled to vote thereon and did not
participate in the adoption thereof.
[End of Code of Regulations]