HomeMy WebLinkAbout0149 of the votes of e~z~~ clas~ o.E t~x:mbers ~~rho are wLin<~ in }~r.~r~.c»> c~r by pro~.y <-~t:
a moeting duly c:alled for thi;; p~.~c-~~ose, t,rr.itten no~icx~ c~t whieh sha11 bc~ senL-
to all i~7u~~cr5 ~~t least tliix~y (30) days in ac3vanc:G i,n;l shall :~t foL-th tt~e
purpos~ oF the m:_~eting. ~ '
. i
~ Sec~ia~ 6. Chanye in Basis and I~L~xim~~n of l~nnua.l. Asses~nts, Subject #
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to the limitations of Seetion 4 hexeof., anc] for the pcxiods iherein spcei~iecl,
the 1~ssociation may change tlY~ rt~ximum and basis oi the ~isses_arra~L-s f.i~:c°d by
Section 9 hereof prospectively for any such perial ~rovided that any such changp
shall have the assent of twc~-thirds of th~ ~r~otes of each cl.ass ot Memb~rs, who
are voting in p~rson or proxy, at a meeti.ncJ duly called for this purpose,
written notioe shall be sent to all I?fembers at least i:hirty (30) days in advanoP ~
an8 sh~ll set forth ths purpose of the r~ting, providc~ furth-rs that the limi-
tations o~ ~ction 4 h~r~f sha11 not a~ly to any chanc~ the ma~:imuam and
basis of the asses~e.~t,s und~rtaken as an incident to a mergrer or cbnsolidation
in ~ti~i<.~z tY~,e Asso.:ia~-._:~.~ is authorized to participate und~r it:s Articles of
Ineo;~ ~
a~ and ~,rticle II, Sectia-~ 3 hereo~. -
Providad, r~rn~r, that no charige in assessnents a.Tfecting the
D~evelc~_r shalZ ~-~d~ :~itnout the c~onsent of the Developer first had and
obtai.r ?c3. ~
. Sectioci Q~on~n for Any Action Authorized Unc~r •
Secti~_^_ 5 and 6. T'r.~ cuorum re9uired for any action authorized by S~etions 5
and 6 h~reof shall be as fo2lo~as:
At the f irs ~ meeting cal led, as provided in Sec tions 5 and 6 hereof ,
the presence at th~ mezting of i~~rs, or of proxies, ~ entitled to cast sixty
(60) peroent of all th~ wtes o~ each class of inema~rship shall ~onstitute a
c~uorum. If the r~ired quorum is not forthcaming at any mezting, anoth~r me~t .
ing may be called, subject to thz notive requiren~ent set forth in Secti.ons 5 and
6, and the r~quired quoru~n at any such subsequ~.,nt m~eting shall be one half of
the required quonzn at the prec~eding n~eting. .
Sectio*.~ 8. Duties of th° Board of Directors. 7~e Hoard of Directors
of ih~ llssociatian shall fi~: the Date of. C~ncc~~ent and ths amount of the
ass~ssm~t against each Livi.ny Unit for each as ,es~n~ period at least thirty
(30) days in ~dvanoe of suc.'~ da~e or p~riod and shall., at that tir~e, pre~are a
ros~cr oF the ~ro~~rties and assessments applicable th~ret:o w:iich shall be kept
in th~ o.Efice o~ th~ 11s~ociatiol and shall be open to itispecti.g-~ by any Q,mer.
~•;rittc~n notice of th` assessr;ent shall thereupon be sent to ever_y Os~ner subject
t}zer~ta.
a~K 296 149
_ pagn 10 _
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