Bylaws
Article 1 - Membership
1. Any persons residing
and owning a home in Rolling Knolls and Rolling Woods (hereafter
referred to as "Rolling Knolls") are eligible for membership.
2. Admission to
membership shall bind the applicant to full compliance with these
bylaws and the constitution of the association.
3. If a member changes
their official residence to a place outside Rolling Knolls, they shall
cease to be a member of the association.
Article 2 - Dues
1. The annual dues shall
be designated by the Board of Directors and payable prior to
the annual Board of Directors election for the next year. In
the event a member moves in after June 30th, dues for the first year
shall be one-half of the annual fees.
Article 3 - Membership Meetings
1. The annual meeting of
members shall be held in the last sixty (60) days of the year, as
designated by the Board of Directors.
2. Special
meetings of the members may be called at any time by the board of
directors or by the president upon ten days' written notice to all
members.
Article 4 - Board of Directors
1. Number of
Directors. The Board of Directors shall consist of ten
members.
2. Term of
office. Each member shall be elected for a two-year
term. No more than fifty percent of the Board shall be up for
reelection in a single year.
3.
Nominations. The president, at least thirty days prior to the
annual membership meeting, shall appoint a nominating committee of at
least three persons, subject to the approval of the Board of
Directors. Such nominating committee shall meet prior to the
giving of notice of the annual meeting and shall prepare a slate to be
elected. Members of the nominating committee may not
themselves be nominees.
4. Elections.
The annual election shall be conducted (during November) by mailing
ballots to the members who shall indicate their preference by mailing
such ballot (returned within fifteen days) together with their annual
dues for the succeeding year. No ballots shall be counted
unless accompanied by the members' dues.
5. Vacancies.
Any vacancies on the Board of Directors may be filled by
appointment of the president and confirmation of the Board of
Directors. The person (so appointed) shall hold office until
completion of the originally-elected director's term.
6. Meetings.
The Board of Directors shall hold periodic meetings as deemed
necessary.
7. Ex-Official
Members. The association's president from the previous year
shall be ex-official member of the Board of Directors .
8. Powers and
Duties. In addition to the powers granted by other provisions
of these bylaws, the Board of Directors shall have the
following powers and duties:
A. To acquire, hold, administer, maintain, and dispose of all property
of the association.
B. To appropriate the funds of the association for the purposes set
forth in these bylaws.
C. To audit all receipts and disbursements of the association.
D. To conduct, manage, supervise, and control all of the business of
the association.
Article 5 - Officers
1. Number. The
officers of the association shall consist of president, vice president,
secretary, and treasurer.
2. Election.
The Board of Directors shall elect from their own numbers all
officers at its first meeting (within 60 days of their election)
following the annual membership meeting and the persons elected shall
hold office for one year or until their successors have been duly
elected.
3. Duties.
The president shall preside at all meetings of the association and of
the directors, shall supervise the management and affairs of the
association, and perform all of the duties incidental to the office.
The vice-president shall
assume all duties of the office of president during the absence or
inability of the president to act.
The secretary shall keep
a list or record of all members of the association and conduct all
official correspondence and shall record the minutes of all meetings.
The treasurer shall have
care and custody of the funds of the association, shall deposit funds
at such bank or banks as the directors may designate, shall disperse by
means of checks, keep accurate books of account of all receipts and
disbursements, and shall submit a financial report at such times as is
required by the president or directors .
Article 6 - Amendment to Bylaws
These bylaws may be
amended from time to time by action of a majority of the Board of
Directors at any meeting at which a quorum is present. A
quorum shall consist of two-thirds of the members of the Board of
Directors. In addition, amendments to the bylaws may be made
by the members of the association upon petition, signed by at least
thirty members and submitted to the secretary at least thirty days in
advance of the annual meeting or any special meeting called for that
purpose. It shall be the duty of the secretary to incorporate
the text of the proposed amendment in the notice of the
meeting. The concurrence of two-thirds of the members present
and voting shall be required to pass any amendment.
Article 7 - Committees
The president, with the
approval of the Board of Directors, shall appoint such committees as
may be necessary or desirable to perform the functions of the
association. The president shall define their duties.