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BY-LAWS TABLE OF CONTENTS

ARTICLE I - NATURE OF BY-LAWS

bulletPurpose
bulletDefinitions
bulletFiscal Year
bulletPrincipal Office

ARTICLE II - MEMBERSHIP AND VOTING RIGHTS

bulletMembers
bulletAssociate Members
bulletChange of Membership
bulletRights of Membership
bulletSuspension of Rights
bulletContribution to Capital
bulletVotes
bulletProxies

ARTICLE III - MEETINGS OF UNIT OWNERS

bulletPlace of Meetings
bulletFirst Annual Meeting and Regular Annual Meetings
bulletSpecial Meetings
bulletNotice of Meeting
bulletQuorum and Adjourned Meetings
bulletOrganization
bulletVoting
bulletJudges
bulletOrder of Business

ARTICLE IV - BOARD OF DIRECTORS

bulletExpress and Implied Powers and Duties
bulletNumber and Qualifications
bulletElection and Term of Office
bulletDeclarant's Protective Provisions
bulletRemoval of Members of the Board
bulletVacancies
bulletMeeting of the Board; Notices; Waiver of Notice
bulletQuorum and Adjourned Meetings
bulletJoinder in Meetings by Approval of Minutes
bulletNon-Waiver
bulletConsent in Lieu of Meeting and Vote

ARTICLE V - POWERS AND DUTIES OF BOARD OF DIRECTORS

bulletGeneral Powers and Privileges
bulletDuties and Responsibilities

ARTICLE VI - FISCAL MANAGEMENT

bulletCommon Receipts
bulletDetermination of Common Expenses
bulletDisbursements
bulletDepositories
bulletAccounts
bulletReserves
bulletExemption for Assessments for Capital Inprovements
bulletNotice
bulletAcceleration of Assessment Installment Upon Default
bulletInterest and Counsel Fees
bulletPower of Attorney to Institutional Lender
bulletAnnual Audit
bulletExamination of Books
bulletFidelity Bonds

ARTICLE VII - OFFICERS

bulletDesignation
bulletElection of Officers
bulletRemoval of Officers
bulletDuties and Responsibilities of Officers
bulletOther Duties and Powers
bulletEligibility of Directors

ARTICLE VIII - COMPENSATION, INDEMNIFICATION AND EXCULPABILITY OF OFFICERS, DIRECTORS AND COMMITTEE MEMBERS

bulletCompensation
bulletIndemnification
bulletExculpability

ARTICLE IX - COVENANTS COMMITTEE

bulletPurpose
bulletPowers

ARTICLE X - ADDITIONS, ALTERATIONS OR IMPROVEMENTS BY THE ASSOCIATION

ARTICLE XI - DAMAGE OR DESTRUCTION

ARTICLE XII - EMINENT DOMAIN

ARTICLE XIII - ENFORCEMENT

bulletEnforcement
bulletFines
bulletWaiver

ARTICLE XIV - AMENDMENTS

ARTICLE XV - CONFLICT; INVALIDITY

bulletConflict
bulletInvalidity

ARTICLE XVI - NOTICE

ARTICLE XVII - ARBITRATION

ARTICLE XVIII - RENTAL OF UNITS OR TENANCY BY OTHER THAN OWNER

ARTICLE XIX - SALE OF UNITS

 

1998 Royale Sands Beach Club Condominium Association.  All rights reserved