Page 10 - RestrictiveCovenants2009
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Section 6. Quorum for Any Action Authorized under Sections 4
and 5.
The quorum required for any action authorized by Sections
4 and 5 hereof shall be as follows: At the first meeting called, as
provided in Sections 4 and 5 hereof, the presence at the meeting
of Members or of proxies, entitled to cast sixty percent (60%) of all
votes of the membership shall constitute a quorum. If the re-
quired quorum is not forthcoming at any meeting, another meeting
may be called, subject to the notice requirement as set forth in
Sections 4 and 5, and the required quorum at any such subse-
quent meeting shall be one-half of the required quorum at the pre-
ceding meeting, provided that no such subsequent meeting shall
be held more than sixty (60) days following the preceding meet-
ing.
Section 7. Date of Commencement of Annual Assessments.
Due Dates. The Annual assessments provided for herein
shall commence on the first day of April, 1972. The Assessment
for each succeeding year shall become due and payable on the
first day of April of each year. No adjustments or pro-rations of
assessments shall be made by the Association. For the purposes
of levying the assessment, assessments shall be considered as
paid in advance and shall be levied against any Original Lot which
is subject to this Declaration or Supplementary Declarations. The
due date of any special assessment under Section 4 hereof shall
be fixed in the Resolution authorizing such assessment.
Section 8. Duties of the Board of Directors.
The management, affairs, and policies of the Association
shall be vested in the Board of Directors, each of whom must be a
member of the Association in good standing. The number of Di-
rectors shall be not more than eighteen and not less than six. The
Board of Directors of the Association shall prepare a roster of the
properties and assessments applicable thereto at least thirty (30)
days in advance of such assessment due date. Such assessment
roster shall be kept in the office of the Association and shall be
open to inspection by any owner. Written notice of the assess-
ment shall thereupon be sent to every owner subject thereto. The
Association shall upon demand at any time furnish to any owner
liable for said assessment a certificate in writing signed by an offi-
cer of the Association, setting forth whether said assessments has
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