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Article VII - Officers and Their Duties

Wood Meadow II CIA,

ABRIDGED DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR WOOD MEADOW II SUBDIVISION

This document extracts the pertinent information for the Wood Meadows II By Laws.

ARTICLE VII - OFFICERS AND THEIR DUTIES

        Section 1. 

    "Enumeration of Officers"

    The officers of this Association shall be a president, who shall be at all times a member of the Board of Trustees; a vice president; a secretary; and a treasurer; and such other officers as the Board may from time to time resolution create.


        
Section 2. 

    "Election of Officers"

    The election of officers shall take place at the first meeting of the Board of Trustees following each annual meeting of the members.


        Section 3. 

    "Term"

    The officers of this Association shall be elected annually by the Board and each shall hold office for one (1) year unless he shall sooner resign, or shall be removed, or otherwise disqualified to serve.


        
Section 4. 

    "Special Appointments"

    The Board may elect such other officers as the affairs of the Association may require, each of whom shall hold office for such period, have such authority, and perform such duties as the Board may, from time to time, determine.


        Section 5. 

    "Authority to Sign Checks"

    The Board, from time to time, may authorize any person or persons, who need not be officers or trustees of the Association, to sign checks of the Association. Such agents may be authorized to sign singly or jointly, as the Board in its discretion may decide. The Board may at any time rescind and revoke such authority granted to any person. Such authority may be given to a person or persons in conjunction with or in lieu of the authority of the treasurer to sign checks. In the absence of any appointments by the Board under this Section 5, the treasurer of the Association shall have sole authority to sign the Association's checks. 


        
Section 6. 

    "Resignation and Removal"

    Any officer may be removed from office with or without cause by the Board. Any officer may resign at any time by giving written notice to the Board, the president or the secretary. Such resignation shall take effect on the date of the receipt of such notice or at any later time specified therein, and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.


        Section 7. 

    "Vacancies"

    A vacancy in any office may be filled by appointment by the Board. The officer appointed to such vacancy shall serve for the remainder of the term of the officer he replaces.


        
Section 8. 

    "Multiple Offices"

    No person shall simultaneously hold both the offices of president and secretary.


        Section 9. 

    "Duties"

    The duties of the officers of the Association are as follows:

President

            (a) The president shall preside at all meetings of the Board of Trustees and of the Association; shall see that orders and resolutions of the Board are carried out; shall sign all leases, mortgages, deeds and other written instruments and shall co-sign all promissory notes.

Vice President

(b) The vice president shall act in the place of the president in the even of his absence, inability or refusal to act and shall exercise and discharge such other duties as may be required of him by the Board.

Secretary

(c) The secretary shall record the votes and keep the minutes of all the meetings and proceedings of the Board and of the members; keep the corporate seal of the Association and affix it on all papers requiring said seal; serve notice of meetings of the Board and of the members; keep appropriate current records showing the members of the Association together with their addresses, and shall perform such other duties as required by the Board.

Treasurer

(d) The treasurer shall receive and deposit in appropriate bank accounts all monies of the Association and shall disburse such funds as directed by resolution of the Board of Trustees; shall sign all checks and promissory notes of the Association; keep proper books of account; and keep accurate books and records of the fiscal affairs of the Association and make the same available for inspection by members of the Association during normal business hours.
        
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