HomeMy WebLinkAbout0373 $e~ction 5, Assessments Shnl{ Not E3e Imposed Discrimir~atorily. ~II assessments
~~~poscd by the Qoorc~ of Di~-ectors or by tl~e Memb: rship shall be distri~uted umong the Lots, or in
t{~e event of impr~~ted Lots, the rwF~lling Unit~ t~~ar~in contained, on an equal basis suclt that each
Lot wl~ich is assessible or, if improveci, eac~ Dv~e!ling Unit which is assessibie, shall bear the some
assessment and neither the Directors nor the Ahe~be~ship sha{! require tl-~at an assessment shall be
greater agairist one Lat than another, or gr~ater c~gainst one Dwelling Unit than any other, or greater
uc~uinst any Dwellirg llnif than any l_ot, Qroviding only that this provisian shnll not be deemed to
prohibit ~r prevent the er.em~tions or nonassessibilifiies provided for in Sections 11, 12 and 13 of this
Declaration, and the cxemptions chd differences therein contained sha{I nofi be deemed for reason of
this provision to make any other Lot or D~•~elling Unit nonassessible or jo recuce or modify the
assessment due from any ot{~er Lot or Dwelling Unit or the Mem~crs owning such other Lots or Dwelling
Units,
Section 7. Qu~rum for Any Action Auth~rized Under Section 5. The quorum
required for any action authorized by Section 5 shall be as fo{lows:
At the first mee:ing calle~, as provided in Section 5 1~~reof, the presence ot tl~z
meeting of Mer,ibers, or oE proxies, entitlec! to cast sixty (64°0) percent of all th~ votes of eoch Class
~ of M~~rnbership s1~ai1 constiSute a q~~orum. !f the require~ quorum is not forthcoming at ony meeting, _
anofiher meeting may be called, subject to the n~~ice raquirement s~fi forth ~n Section 5, and the
rcq~ired quorurn at any sucn subse~uent meeting shall be one-f:alf oF the required qe;orum at the
~
~ preceding rreetiny. 7he a,~orum for the nurnbzr cf ~Jirectors rc~uired to approve a special assessmei~~
~ for reoso~ of emer~ency under Sec~ ion j of tnis Declaratio~ shall bp as therein sfiated, to-wit, not
a
~ les~ th:an four-r`i~tfis (4/5) of the whole num5er o~ Directors, and the votc required as providnd in
~ Section ~ shal! E;~ not less thon four-fiiths (4/5) of the v+hole num ~zr o~ Directors, it b~ing un~er-
stooci, hovievar, th~t the ass~~nt of ~he Uirectocs moy be yiven afi a mee~ir.g, or in such o~h~r mann~r
as :~uy ~e allov~ed uncler the Chart~r an~ [3ylav:s o` ihe Association.
$ection 8. Duties of the Board of Directors. The Board o` Directors of t1~e
Associotion shall fix the Date of Comm~ncernent and the omoun~ of the ass~ssment against eoc{~
~ Lot or Dwelling Unit for each assessrnent period of at (east thirty (30) days in advance of such dnte or
~ pe~ ioo and shall, at tnat tirne, p~ ep~re a roster of the properties and assessments applicable thereto
„ w}~ich ;h~ll be kept in the office of tfie Association and shall be open to in~pection by any Owner.
~,~;f1±t~r1 S10fiC^ O~ f}lC QSS~SSRI°rlf 5=10~~ fFl~rcupon ~e sent to every G1~vncr subject th2~e~0.
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~ - _ BOOK 229 3~73
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