| |
| 
By-Laws
Foxcroft Improvement
Association, Inc.
May 1, 1993
ARTICLE I
NAME AND LOCATION
SECTION 1
This Association
shall be known as the Foxcroft Improvement Association, Incorporated.
Its principal place of business shall be located in the area
designated as Foxcroft in the Township of Bloomfield, Oakland
County, Michigan. The post office address for the transaction
of business shall be such place or places within Foxcroft as
determined by the Board of Directors of the Corporation.
ARTICLE II
NATURE AND
PURPOSE
SECTION 2
This Association, a non-profit
corporation of Michigan, is formed in order to protect and
exercise the rights provided by the abstract of title to the
property owners who constitute its membership, to maintain
and improve the residential character of Foxcroft and surrounding
areas, to assume responsibility for passing on plans, to collect
and administer maintenance funds and dues, to guide the Development
as planned and restricted, and to promote cordial and friendly
relationships among its members.
ARTICLE III
MEMBERSHIP
AND VOTING RIGHTS
SECTION 3
Any whole or
part owner of a lot or lots located in Foxcroft, Bloomfield
Township, Oakland County, Michigan shall become a member of
this Association as an individual or as represented by his /
her legal representative. Owners of a residence and owners of
unimproved lots constitute a membership. Members are required
to make prompt payment of all maintenance funds and Association
dues.
Each owner shall be entitled
to one membership and one vote at all called meetings of the
Association, except as provided herein:
An owner of more than one lot shall have memberships and
votes equal to the number of lots owned. Maintenance fees
and Association dues are assessed for each such membership.
An owner whose primary residence
is on or encompasses more than one lot will have only one
membership.
ARTICLE IV
MEMBERSHIP
MEETINGS
SECTION 5
An annual meeting
of the members of this Association shall be held during the
month of October or November of each year - the day, place,
and hour to be selected by the Board of Directors of the Association
Special meetings
of the members of the Association may be called at any time
at the discretion of the Board of Directors, or upon written
petition of twenty-five percent (25%) of the membership.
Notice of the
time and place of all meetings of the members of the Association
shall be distributed by the Secretary to each membership. Such
notice is to be distributed at least seven (7) days before the
meeting. The notice of the meeting must state the purpose for
which the meeting is being called. The sending of such notices
by U. S. Mail constitutes delivery.
At all meetings
of this Association, representation by twenty-five percent (25%)
of the membership shall constitute a quorum. Written proxies
received prior to the meeting are to be included. Proxies shall
be voted by the Board of Directors, or any designated agent
of an Association member, in all business matters of the meeting.
A majority vote of the members present and accepted proxies
shall prevail.
After the President of the
Association has called the meeting to order, the following
order of business shall prevail. This order may be changed
by a viva voce vote of the members present.
1. Roll call of Officers,
Directors, and Committee Chairpersons
2. Self-introduction of members
present
3. Reading of the minutes
of the previous annual meeting
4. Treasurer's report
5. Reports of Committees
and Correspondence
6. Old business
7. New business
8. Announcements
9. Adjournment
ARTICLE V
ELECTED OFFICERS
SECTION 10
The Board of
Directors, consisting of thirteen (13) Foxcroft property owners
who are members in good standing in the Association, shall constitute
the governing and policy making body of the Foxcroft Improvement
Association, Inc., and said Board shall preferably include thereon
a Registered Architect, or a Landscape Architect, or an experienced
Builder.
Ten (10) of
the thirteen (13) Directors in Section 10 shall be Officers
of the Association, namely: President, Executive Vice President,
Vice President of Maintenance and Improvements, Vice President
/ Social, Vice President / Finance, Recording Secretary, Corresponding
Secretary, Financial Secretary, Treasurer, and Associate Treasurer.
The other three (3) Directors required to make up the Board
shall be elected from the membership at large.
The President of the Association
shall serve as Chairperson of the Board of Directors, and
be Ex-Officio member of all committees.
A member of
the Board of Directors of the Association may be removed from
office by a petition signed by the majority of the members of
the Association.
In the event
any member of the Board of Directors resigns or otherwise is
removed from the Board, the vacancy shall be filled by the appointment
of a Foxcroft property-owning member of the Foxcroft Improvement
Association which, in the opinion of the remaining Board Members,
is qualified to serve the interim until the next regular election
of Officers and Directors.
In the event there is not a
Foxcroft property owner who is a Registered Architect or Landscape
Architect or Experienced Builder on the Board of Directors,
the Board members shall be authorized to enlist the services
of a competent Registered Architect or Landscape Architect
or Experienced Builder, whenever the Board deems such services
are necessary in executing Article II, Section 2, of the By-Laws.
The term of office for Officers
of the Association shall be one (1) year. The term of office
for Directors who are elected from the membership at large
shall be three (3) years. Officers or Directors can succeed
themselves in the same office for an additional one (1) year
term.
ARTICLE VI
ELECTION OF
OFFICERS AND DIRECTORS
SECTION 17
At each Annual Meeting in October
or November, the membership of the Association shall elect
the following Officers and Directors:
1. President: Board Chairperson
and presiding officer at all meetings of the Association.
2. Executive Vice President:
Presides at all meetings, including those of the Board of
Directors, in the absence of the President, and performs
such duties as requested by the President.
3. Vice President / Maintenance
and Improvements: Plans and executes programs for the general
maintenance and improvement of the subdivision.
4. Vice President / Social:
Plans and organizes social activities to promote friendly
and cordial relationships among the members.
5. Vice President / Finance:
Is responsible to the President for coordinating all activities
related to the collection and / or disbursement of Association
funds. In the absence of all other financial officers, will
act for the Treasurer.
6. Recording Secretary: Maintains
minutes of meetings and is responsible for the By-Laws and
Restrictions.
7. Corresponding Secretary:
Responsible for correspondence and similar duties such as
the Board of Directors consider appropriate.
8. Financial Secretary: Assists
the President in planning the budget, and is responsible
for seeing that the budget is maintained.
9. Treasurer: Receives, records,
banks, disperses and accounts for all monies.
10. Associate Treasurer:
Assists the Treasurer in all matters related to the collection
and/or disbursement of Association funds. In the absence
of the Treasurer, is responsible for the duties of the Treasurer.
11. Directors at Large: Perform
such duties as requested by the Board Chairperson.
If possible,
each section of Foxcroft (South, Central, and North) shall be
represented by at least one (1) member of the Board of Directors
at all times. (South - Lots 1 - 9 and 22 - 103; Central - Lots
10 - 21 and 103 - 158; and North - Lots 159 - 228)
ARTICLE VII
APPOINTMENT
OF COMMITTEES AND COMMITTEE CHAIRPERSONS
SECTION 19
As soon as possible after the
Annual Meeting in October or November, the President of the
Association shall appoint Chairpersons of such Standing Committees
as are needed to effectuate the purposes of the Association,
including:
- United Home Owners: Represent
the sub-division and be the communicating agency with the United
Home Owners of Bloomfield Township in regard to matters of zoning
and restrictions.
- Post Lantern: To periodically
publish news of interest and / or concern to Association members.
All Committee Chairpersons
shall be appointed by the President. With the exception of
the Nominating Committee, all Chairpersons shall serve with
the elected Officers and Directors of the Association on what
shall be known as the Executive Committee.
Committees (execpt Nominating)
shall consist of as many members as deemed advisable by the
Board of Directors and the Committee Chairperson. All members
of the Committees shall be approved by the Board of Directors.
Specific duties
and functions (including those set forth in Section 19) of all
Committees (except Nominating) shall be outlined and directed
by the Board of Directors of the Association.
The Nominating Committee shall
be chaired by the Third Year Director, and consist of two
(2) additional members appointed by the President. One (1)
member is to be from each of the sections of Foxcroft (south,
Central and North, as set out in Section 18). The Committee
shall be appointed at least one (1) month before the Annual
Meeting. The Committee shall, in accordance with Sections
17 and 18, select qualified members of the Association to
be nominated at the Annual Meeting for the offices of President,
Executive Vice President, Vice President of Maintenance and
Improvements, Vice President / Social, Vice President / Finance,
Recording Secretary, Corresponding Secretary, Financial Secretary,
Treasurer, and Associate Treasurer, and three (3) Directors.
Nominations for any of these
offices also may be made from the floor by any of the qualified
members present at the meeting.
ARTICLE VIII
MEETINGS OF
OFFICERS, DIRECTORS, AND COMMITTEE CHAIRPERSONS
SECTION 24
The President, in his / her
capacity as Chairperson of the Board of Directors, shall call
a meeting of the Board of Directors at least ten (10) times
per year to receive and conduct business as shall be required
to execute Article II, Section 2, of these By-Laws.
ARTICLE IX
DUES, ASSESSMENTS,
AND DISBURSEMENTS
SECTION 25
The dues of
the Association shall be Two hundred twenty-five dollars ($225.00)
per year for each membership, and includes the Maintenance Assessment
as described in Article X, Section 29. A separate line item
shall exist in the budget specifically dedicated for capital
improvements. Expenditures from such line item shall be determined
by a vote of the Association at general meetings. Dues are due
and payable January 1st of each year, and shall be considered
in arrears as of March 1st of each year. A penalty of twenty-five
dollars ($25.00) shall be assessed when dues are not paid before
March 1st of the year due, unless there is a hardship established
with the Board of Directors.
Upon the payment
of dues for a given year, the Treasurer shall record such payments
in an appropriate manner, and such records shall be available
for inspection by nay member. All Members whose dues are paid
in accordance with Section 25 shall be considered members in
good standing.
At the Annual
Meeting of the Association, or at a date no later than April
1st of the following year, the Board of Directors shall prepare
a budget of income and expenses for approval by the membership.
Following that approval, any expenditure of money for a single
project category exceeding its budget by an amount of over fifty
percent (50%) must be presented for membership approval. Such
approval is to be granted by an affirmative vote of a majority
of those members represented at a duly constituted meeting.
Expenditures may exceed income only when funds are available
in reserve, and such expenditures are approved by the majority
of those voting at a duly constituted meeting of the Association.
All monies received
from Association dues payments and / or other sources are to
be used for purposes as outlined in Article II, Section 2, of
these By-Laws, and are subject to limitations as set forth in
Section 27 preceding. The Board of Directors shall be responsible
for, and shall properly direct all such spending of, the Association's
money. Disbursement of all monies shall be made by the Treasurer
and one other officer. All disbursements shall be as directed
and approved by the Board of Directors of the Foxcroft Improvement
Association.
ARTICLE X
MAINTENANCE
SECTION 29
The Maintenance
Assessment of twenty dollars ($20.00) per lot annually shall
be due and payable in advance by January 1st of each year. Dues
not paid before March 1st shall be considered in arrears.
Upon receipt
of payment of the Maintenance Assessment and Association Dues
for a given year, the Treasurer shall record such payment in
an appropriate manner, and such records shall be available for
inspection by any Foxcroft property owner.
The Board of
Directors shall have the authority to allocate the Assessment
monies to best implement the ideals outlined in Article II,
Section 2.
ARTICLE XI
FISCAL YEAR
SECTION 32
The fiscal year of this Association
shall coincide with the calendar year (from the 1st day of
January through the 31st day of December of the same year).
These By-Laws
may be added to, amended, or repealed by the members of the
Association at any meeting, providing that the membership of
the Association are notified of such intent at the time that
the notice of the meeting is given. The notice is to state the
specific section or sections sought to be added to, amended,
or repealed.
ARTICLE XIII
SAVINGS CLAUSE
SECTION 34
In the event
any clause or provision of this agreement is found or declared
void or unconstitutional, the remainder of said agreement shall
remain in full force and effect.
|
|