HomeMy WebLinkAbout2458 assessments undertaken as an incident to a merger or consolidation in which the
Association is suthorized to participate under its Articles of Incorporation and
under Article II, Section 2 hereof. ,
Section 7. Quorum for Anr~Action Authorized Under Sections S and 6. ltie
quorum required for any action authorized by Sections S and 6 hereof shall be as
follows:
At the first meeting called, as provided in Sections 5 and 6 hereof, the presence
at the meeting of Members, or of proxies, entitled to cast sixty (50) per cent of ~
. ;
- ~ ~
all the votes of each class of inembership 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 set forth in Sectfons 5 and 6, and the required
quorum at any §uch subsequent meeting shall be one-half of the required quorum
at the preceding meeting. ;
~
Section 8. Duties of the Board of Directors. 1~e Board of Directors of ~
~
the Association shall fix the Date of Co~encement and the amount of the assess- ~
. ment against each Lot or Living Unit for each assessment period of at least thirty
(30) days in advance of such date or period and shall, at that time, prepare a ;
t
roster of the properties and assessments applicable thereto which shall be kept in
the office of the Association and shall be open to inspection by any Owner.
i~lritten notice of the assessment shall thereupon be sent to every Owner subject
~ thereto. ~
i . .
~ 1he Association shall upon demand at any time furnish to any Owner liable for said
~
~ assessment a certificate in writing signed by an officer of the Association, set-
's
~ ting forth whether said assessment has been paid. Such certificate shall be con-
s
g
~ clusive evidence of payment of any assessment therein stated to have been paid.
~ ' '
~ Section 9. Effect of Non-Payment of Assessment; Ttie Personal Obligation ~
~ of the O~~ner; ~fie Lien; Remedies af Association. If the assessments are not paid ;
t
on the date when due (being the dates specified in Section 3 hereof), then such
~ assessment shall become delinquent and shall, together with such interest thereon
~ and cost of collection thereof as hereinafter provided, thereupon become a con-
= tinuing lien on the property which shall bind such property in the hands of the
~ then Owner, his heirs, devisees, personal representatives and assigns. ltie
~ ~n:~vn4~ ~~y~nn`~~~ ~f t~ls f~~nr t l. L. L 71 1
~6.. v. u.... .....s. v.: .a^.i ~~i }•8j ~uus uSS~SSuical~ ~ uv'wi:'va_i ~ ~ua~.i icwaii¦
~ -
~ his personal obligation for the statutory period and shall not pass to his suc-
E
~ cessors in title unless expressly assumed by them. ~
~ ~
~ ~
0 R ~
~ ~ R~~K215 2452 ~
s
~ q
~ - ' _ ; ,
~ - - -
~ - :
~ . _ . . ~