Annual Members Meeting

Take Note!

The annual meeting of the Members shall be held on the first Thursday in November each year if not a legal holiday and, if a legal holiday, then on the next secular day immediately following, commencing upon the adoption of these bylaws, at a time and place selected by the Corporations’ Board of Directors. (1)
Written notice of each meeting of the Members shall be given by, or at the direction of, the Secretary or person authorized to call the meeting, by mailing a copy of the notice, postage prepaid, not less than five (5) days nor more than forty (40) days before the meeting, to each Member, addressed to the Member’s address last appearing on the books of the Corporation or supplied by the Member to the Corporation for notice purposes. The notice shall specify the place, day and hour of the meeting. (1)

Class A members shall be all Owners, with the exception of the Declarant (Dodson Construction). (1)
Each member will be entitled to 1 vote for each lot owned by that member. (1)
However, there shall be no vote for any Lot for which any then-current or prior assessment has not been paid. (1)
The Class B member shall be the Declarant (Dodson Construction) who shall be entitled to 15 votes for each lot owned by it. (1)
At all meetings of Members, each eligible Member may vote in person or by proxy. All proxies shall be in writing and filed with the Corporation’s Secretary. Each proxy shall be revocable and shall automatically cease upon transfer by the Member of his Lot. (1)
Those present in-person or by proxy at a meeting of the Members representing votes entitled to cast one-fifteenth of the votes of the Members shall constitute a quorum for any action except as otherwise provided in the Declaration, the Corporations’ Articles of In-Corporation or these Bylaws. (1)
If, however, a quorum shall not be present or represented at any meeting, the Members entitled to vote at that meeting shall have the power to adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present or represented. (1)

The business and affairs of the Corporation shall be managed by a Board of Directors of four (4) persons who shall be Members. (1)
Each director other than the initial directors shall be elected at the annual Member’s meeting. (1)
Each director shall hold office for a term of two (2) years or until the director’s successor has been duly elected and qualified. (1)
Director terms shall be staggered so that no more than two (2) directors are elected annually. (1)
Vacancies among the directors resulting from the death, resignation, incapacity or disqualification of any director, or by reason of an increase in the number of directors due to an amendment of the Bylaws, shall be filled by the appointment by a majority of the remaining directors. (1)
A director appointed to fill a vacancy shall serve for the unexpired term of the director’s predecessor or until such director’s successor shall have been duly elected and qualified. (1)

The Association may levy, in any assessment year, a special assessment applicable to that year only for the purpose of defraying, in whole or part, the cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Area, including fixtures and personal property related thereto, provided that any such assessment shall have the assent of 51% of the votes of members who are voting in person or by proxy at a meeting duly called for this purpose, written notice of which shall be sent to all members not less than 5 days nor more than 40 days in advance of the meeting setting forth the purpose of the meeting. (1)

The board shall consist of(4) members who must be members in good standing with the HOA.
Director terms are staggered so that no more than two (2) directors are elected annually.