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 | The Association members (Homeowners) elect three Directors [Board Members] preferably at the required Annual Meeting | ||||||||
| One Director is elected each year for a two year term on a staggered basis | ||||||||
| No person and their spouse may serve on the board concurrently | ||||||||
| A Director may be elected to any number of consecutive terms | ||||||||
| The Directors elect Officers at a separate meeting | ||||||||
| The required Officers are
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| President and Treasurer must be Directors | ||||||||
| Other Officers do not have to be Directors | ||||||||
| Two or more offices can be held by one person
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My interpretation - see the official copies of the Covenants and ByLaws, or the unofficial online versions (Covenants) (ByLaws) here.
-Michael Huebener
(ellipses not necessarily shown)
The affairs of the Association shall be governed by a Board of Directors.
The Board shall consist of three (3) members.
... a successor shall be elected to serve for a term of two (2) years. The members of the Board of Directors shall hold office until their respective successors shall have been elected by the Association.
The Board of Directors shall be responsible for the affairs of the Association and shall have all of the powers and duties necessary for the administration of the Association's affairs and, as provided by law, may do all acts and things as are not by the Declaration, Articles, or these By-Laws directed to be done and exercised exclusively by the members. In addition to the duties imposed by these By-Laws or by any resolution of the Association that may hereafter be adopted, the Board of Directors shall have the power to and be-responsible for the following, in way of explanation, but not limitation:
[budget, assessments, common area maintenance, operations, collections, rules and regulations, banking, enforcement, insurance, payments, bookkeeping, contracts]
The officers of the Association shall be a President, Vice President, Secretary, and Treasurer. Any two or more offices may be held by the same Person, excepting the offices of President and Secretary. The President and Treasurer shall be elected from among the members of the Board of Directors.
[i.e., President must be a board member, cannot also be Secretary; Treasurer must be a board member]
The officers of the Association shall be elected annually by the Board of Directors at the first meeting of the Board of Directors following each annual meeting of the members. A vacancy in any office arising because of death, resignation, removal, or otherwise may be filled by the Board of Directors for the unexpired portion of the term.
The President shall be the chief executive officer of the Association and shall preside at all meetings of the Association and of the Board of Directors. The President shall have all the general powers and duties which are incident to the office of the president of a corporation organized under the Georgia Nonprofit Corporation Code.
The Vice President shall act in the President's absence and shall have all powers, duties, and responsibilities provided for the President when so acting.
The Secretary shall keep the minutes of all meetings of the Association and of the Board of Directors and shall have charge of such books and papers as the Board of Directors may direct and shall, in general, perform all duties incident to the office of the secretary of a corporation organized in accordance with Georgia law.
The Treasurer shall have the responsibility for the Association's funds and securities and shall be responsible for keeping full and accurate financial records and books of account showing all receipts and disbursements, for preparing all required financial statements and tax, returns, and for the deposit of all monies and other valuable effects in the name of the Association or the managing agent in such depositories as may from time to time be designated by the Board of Directors.
This page was last updated 08/25/04 10:19:14 AM
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