I created a cutout pattern using a 3/16 bit and put the board back in. It is just a little off but it did work!
The only thing is when I changed the bit for each cut path I didn't flip the inside of the letters on the top so they are a little thinner than they should be, still looks good but I can tell it's not right. Then because of the wider bit the area between the C and the E (on the bottom) cut completely out, I had to watch closely it as it made the last cutting pass. I think the 1/8 bit would leave a little material to hold that piece in place.
I'm going to work on the turtle and the owl to try to get some of the details to show up a little better and rerun it when I get a new 1/8 cutting bit. I think I can do better , I'd like to try anyway. I know my mistakes now.
Hopefully I can figure out how to post a picture from my phone to the computer to the forum with my results.
Thanks everyone for all the help.