HomeMy WebLinkAbout2669 assess~ents under~aken As Rn in~ia~nc to a m~rger ar consolidation in khich the
Associatioiz is authorized to participatc under its Articles of IncorForatlan 1nd
under Article II, Section 2 hereof.
Section 7. Quorum for Any Action Authorized Under Sections S and 6. 11~e ~
quorum requfred for any aciion authorized by Sections S and 6 hereof shall be as
follows:
At the first meet3ng called, as provided in Sections S and 6 hereof, the presence
af. the a~eeting of Members, or of proxies, entitled to cast sixty (60) per cent of
all the votes of each class of inembership shall constitute a quorum. If the re-
quired quot~m is not fort`~coming at any mPeting, another meeting may be called,
sub~ect to the notice requiremenc set forth in Sections S and 6, and the required
quorum at any suc~i subsequent meeting shall be one-half of the requiYed quorum
at thc preccding ~Ating.
Section 8. Daties of tlie Board of Directors. 11ie Board of Directors of
the Associatio:~ shall fix the Date of Cocnmencement and the amount of the assess-
ment against each Lot or Living Unit for each assessment period of at least thirty
(30) da}•s in advance of such date or period and shall, at that time, prepare a
roster of the properties and assessments applicable thereto which shall be kept in
the office of the Association and sha21 be open to inspection by any Owner.
Written notice of the assessment shall thereupon be sent to every Owuer subject
thereto.
Tne elssociatian shall upan de~and at an}~ t~~,.e furn~sh to ~r.y Q;;~;er liabZe £or said
assesstr.~nt 3 r~Tt~ fi cate in ~•:riting sig,ned by an officer of the Association, set-
ting forth whether said assess~nent has been paid. Such certificate shall be con-
clusive evidence of payment of any assessme:~t therein stated to have bee.n paid.
Section 9. Effect of Non-Pavment of Assessment; The Persor.al Obligation
of the C~.ner; 'Ihe Lie~~; Renedies of Association. Tf the assessr~ents are not paid
i on the date ~~hen due (being the dates speCiiied in 5ectior. 3 tie?-Pnf), tiien such
assessr~-.ent si~a11 b~~co:~c delir.,uent and siisll, t~o~tner i,ith sucli interest the:eon
and cost of collection thereof as hereinafter provided, thereupon become a c~n-
tinuing lien o:i the property which shall bind such propert} in t:ie hands of the
then Owner, his heirs, devisees, personal representatives and assigns. 'Ihe .
personal obligation of the then Owner to pay such assessment, however, shall remain
his personal obligation for the statutory period and shall not pass to his suc-
cessors in title ualess expressly assumed by them.
9~cRiK 2~.~. Ppi: ~.U6~
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