“Member” shall mean and refer to those persons entitled to membership as
provided in the Declarations.
“Parcel” shall mean and refer to (i) a lot, or (ii) a lot and a fractional portion of an
adjoining lot owned by the same party or entity or (iii) a condominium unit located within the Properties.
MEETING OF THE MEMBERS
The annual meeting of the members shall be held within one
year from the date of adoption of these Restated By-laws, and each subsequent regular annual meeting of the members shall be held on the same day of the same month of each year thereafter, at the hour of eight
o’clock, P.M. If the day for the annual meeting of the members is a legal holiday, the meeting will be held at the same hour on the first day following which is not a legal holiday. Annual meetings shall be held within the City of Eureka, Missouri, at a location sufficient to accommodate all members of the
Association who wish to attend.
Special meetings of the members may be called at any time
by the president or by the Board of Directors, or upon written request of the members who are entitled to vote one-fourth (¼) of all of the votes of the Class A membership.
Notice of Meetings.
Written notice of each annual and special meeting of the
members shall be given by, or at the direction of, the secretary or person authorized to call the meeting, by mailing a copy of such notice, postage prepaid, at least 15 days before such meeting to each member
entitled to vote thereat, addressed to the member’s address last appearing on the books of the Association,
or supplied by such member to the Association for the purpose of notice. Such notice shall specify the place, day and hour of the meeting, and, in the case of a special meeting, the purpose of the meeting.
The presence at the meeting of members entitled to cast, or of proxies
entitled to cast, one-tenth (1/10) of the votes of membership shall constitute a quorum for any action except as otherwise provided in the Articles of Incorporation, the Declarations, or these By-laws. If, however, such quorum shall not be present or represented at any meeting, the members entitled to vote thereat shall have power to adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum as aforesaid shall be present or be represented.
At all meetings of members, each member may vote in person or by
proxy. All proxies shall be in writing and filed with the secretary. Every proxy shall be revocable and
shall automatically cease upon conveyance by the member of his parcel.
At least once each calendar year, at the annual meeting or at
a special meeting of the members of the Association, the Board of Directors shall present their proposed budget for the following year to the members of the Association. Members shall at such time have an opportunity to voice their opinion concerning such proposed budget, said procedure to be conducted by normal parliamentary procedure. The Board of Directors shall adopt the budget for the Association and
make annual assessments after the budget hearing set forth in this section has been complied with.