APTA incorporates as Non-Profit and amends by-laws. Net Worth is $17,078. New by-laws provided for establishment of APTA Regions
During the summer, the APTA completed the incorporation of the Association and a redrawing of its by-laws. The financial records as of the date of incorporation, August 3, 1973 showed a net worth of $17,078
On July 30, at a special meeting of membership in New York City, the Association decided to incorporate under the New York State Not For Profit Corporation Law. The APTA was now the American Platform Tennis Association, Inc.
On August 3, the State Department of New York filed the certificate of incorporation of the American Platform Tennis Association, Inc.
On August 7, the incorporators met and adopted a new set of By-laws that the By- law Committee had developed and submitted for approval1. Paul Sullivan chaired the By-Law Committee and other members were Edmund Swanberg, Peter A. Thistle, Robert A. Brown and Howard Kafer. The Association engaged James M. Carlisle as counsel in the handling of the project.
The new by-laws provided for the establishment of Regions as deemed appropriate by the APTA Board.
Minutes of Incorporators of APTA, Inc. Aug 7, 1973
APTA Minutes of Special Meeting of Voting Membership July 30 1973
Source: The APTA Paddle Newsletter, Vol. 4 No. 4
Note 1: In a memo dated June 29, 1973 from APTA Secretary,Robert A. Brown, to the By-Law Committee regarding an upcoming meeting on July 9, 1973, they were advised that “in view of the importance of the subject and the considerable ground that must be covered, one cocktail will be served prior to 5:30 pm and cocktails will then be suspended until the business portion of the meeting is concluded.”