09-06-1977 Planning Packet - Laserfiche WebLink

Home Browse Search

u * /.^1 mmit park homeowners rporate purpose corporation shall f ■ 11 subject:.to the cn. If there is he membership related the same type of t shall not be assigned, purtenance to the irtains; provided, :r of a mortgage, further security [ membership shall lot to which the tied to treat the p is recorded on until such time e corporation, has hip shall not release incident to such ;pute as to ownership Ltle to the lot, mesota, shall be the transfer of the ^ be held on the ecting directors roperly come before or directors have i special meeting iresident, vice- ■M II ' (b) Special Meetings. Special meetings of the members may be called at any time, for any purpose, by (l) the president or vice-president; (li) the board of directors; or (ill) one-fourth of the members. A person entitled to call a special meeting may make a written request to the president, vice-president or secretary to call the meeting. Such officer shall give notice of the meeting to be held between ten (10 and forty (AO) days after receiving the request. If the officer fails to give notice of the meeting within seven (7) days from the date on ^»diich the request was made, the person vdio requested the meeting may call the meeting, fixing the time in the manner provided by these By-Laws and giving notice thereof. (c) Place of Meetings. Meetings of the members shall be held at any place within or without the State of Minnesota designated by the board of directors, and in the absence of such designation shall be held at the registered office of tlie corporation. (d) Notice of Meetings. Notice of every annual and every special meeting, stating the time, place and purpose thereof, shall be mailed to each member not less than five (5) nor more than forty (AO) days before such meeting, directed to each member at his address as it appears on the records of the corporation, except that if an annual meeting is to be held on the date set forth herein at the corporate office, no notice of said annual meeting shall be required. (e) Quorum Requirements. Except as provided in Section 11, the owners of a majority of the lots referred to in Section A shall constitute a quorum for the transaction of business at any meeting of members. When a quorum is not present, any meeting may be adjourned from time to time for that reason. (f) Adjoumment . When a meeting of the members is adjourned to another time or place, notice of the adjourned meeting need not be given other than by announcement at the meeting at which adjoumnient is taken. (g) Action Without a Meeting. Any action that may be »aken at a meeting of the members may be taken without a meeting if authorized in a writing signed by all the members who are entitled to notice of a meeting called for the purpose of taking such action. (h) Irregular Meetings; Validation . When written consent of all the members who were entitled to notice of a meeting has been obtained, an Irregular meeting, with any action taken at such meeting, is validated. Section 6. Voting Rights. There shall be one vote for each membership. If one owner owns more than one lot referred to in Section A herein, he shall have one membership for each lot so owned. If tliere is more than one owner of a lot, each co-owner shall have a fractional portion of the vote for the membership appurtenant to the lot proportionate to his interest in the fee title therein; but any one of such co-owners will be automatically accepted by the corporation as the agent and attorney in fact for other co-owners not present for the purpose of casting the vote of that membership. Voting by proxy shall be pennitted. Proxies must be filed with the secretary before the appointed time of each meeting. The corporation may