Bylaws

 

Section 1 Purpose

Section 2 Membership

Section 3 Voting

Section 4 Board of Directors

Section 5 Officers of the Association

Section 6 Committees

Section 7 Finances

Section 8 Meetings of the Association

Section 9 Amendment of the Bylaws

 

 

 

 

Section 1 Purpose

The purposes for which the corporation is formed are as follows:

       To provide an entity for the furtherance of the interests of the owners of lots in Caliburn Estates Subdivision No. 2, also know as Woodbury Park Subdivision ("Subdivision"), which Subdivision was established by plat recorded in Liber 109, Pages 16 through 20, both inclusive, Wayne County Records, as further provided in the Declaration of Covenants, Conditions and Restrictions ("Declaration") recorded with respect to the Subdivision, and to maintain and beautify the "Common Areas" defined in the Declaration;

       To levy and collect assessments against and from the members of the corporation and to use the proceeds thereof for the purposes of the corporation;

       To carry insurance and to collect and allocate the proceeds thereof;

       To rebuild improvements after casualty;

       To contract for and employ persons, firms, or corporations to assist in management, operation, maintenance and administration of its affairs;

       To own, maintain and improve, and to buy, sell, convey, assign, mortgage, or lease (as landlord or tenant) any real and personal property, including, but not limited to, any easements, licenses, publicly dedicated areas or any other real property, whether or not contiguous to the Subdivision, for the purpose of providing benefit to the members of the corporation and in furtherance of any of the purposes of the corporation;

       To borrow money and issue evidences of indebtedness in furtherance of any or all of the objects of its business; to secure the same by mortgage, pledge or other liens on property owned by the corporation; provided, however, that any such action shall be subject to the approval of not less that two-thirds of the members of the corporation;

       To enforce the provisions of the Declaration, the Articles of Incorporation and these Bylaws; and

       In general, to enter into any kind of activity, to make and perform any contract and to exercise all powers necessary, incidental or convenient to the administration, management, maintenance, repair, replacement and operation of any of the purposes set forth herein, with all powers conferred upon non-profit corporations by the laws of the State of Michigan.

These bylaws are not intended to restrict the rights of any Member of the Association to use his or her property beyond the restrictions established in the Articles of Incorporation or the Declaration of Restrictions. In the event of any disagreement between the Bylaws and the Articles of Incorporation or the Declaration of Restrictions, the Articles of Incorporation or the Declaration of Restrictions shall take precedence.

 

Section 2 Membership

 

 

Section 3 Voting

 

       As stated in the Declaration of Restrictions each Owner of a lot shall be a member and shall be entitled to vote on a one vote per lot basis (regardless of the number of Owners of any such lot).

 

 

 

Section 4 Board of Directors

 

 

 

 

 

 

 

 

 

 

 

 

 

Section 5 Officers of the Association

 

 

 

 

 

 

Section 6 Committees

 

 

       Maintenance Committee - The Maintenance Committee shall consist of three (3) members appointed by the Board. One (1) member shall be a member of the Board, who shall serve as Chair. It will be the responsibility of the Maintenance Committee to make recommendations to the Board regarding the maintenance of the Common Areas and mailboxes in a manner consistent with the Declaration of Restrictions. The Committee shall present an annual report of its activities to the Board of Directors each year thirty days prior to the Annual Meeting of the Membership.

 

 

Section 7 Finances

 

 

 

Section 8 Meetings of the Association

 

 

 

 

 

       The date, time and location of every meeting of the Association shall be announced by signage placed at the three entrances to the Woodbury Park Subdivision at least one week prior to the meeting.

 

 


 

Section 9 Amendment of the Bylaws