Any Member Organization in good standing or the Board of Regents may initiate a proposal for an amendment to these Bylaws.  Such proposal shall be presented in writing and, where such proposal is submitted by a Member Organization, it shall be submitted to the Executive Vice President.  If the Board of Regents has established a Bylaws Committee, such proposal then shall be submitted to the Bylaws Committee (unless such proposed amendment was originated by the Bylaws Committee), which shall consider the same and submit its recommendations to the Board of Regents within such time as the Board of Regents may specify.  If there is no Bylaws Committee, the Board of Regents shall act directly. Thereafter, the Board of Regents shall adopt a resolution setting forth the proposed amendment and directing that it be submitted to a vote at a meeting of the Member Organizations, which may be either an annual or a special meeting.  Written or printed notice setting forth the proposed amendment, or a summary of the changes to be effected thereby, shall be given to each Member Organization entitled to vote within the time and in the manner provided by Illinois law.  The proposed amendment shall be adopted upon receiving at least two-thirds of the votes entitled to be cast by the Member Organizations present at such meeting unless a greater number is required by law.