Article
VII - Power and Duties of the Board of Directors
Section 1: Powers: The Board of Directors
has the right to appoint committees to carry out those responsibilities and
duties as determined by the Board of Directors.
Section 2: Duties:
The
Board of Directors shall foreclose the lien against any property for which
assessments are not paid within ninety (90) days after due date, and/or
bring action at law against the owner personally obligated to pay the
same. The Board of Directors may take this action
only after it has first sent both a thirty (30) day and a sixty (60) day warning
letter to the violating member that the Board has the duty to
foreclose and the foreclosure will occur no less than ninety (90) days after the
failure to pay the assessment. The letter may be personally served by a
member of the Board to the delinquent member, or may be mailed by US First Class
Mail verified by a mailing receipt, or by US Certified Mail, Return Receipt
Requested, or by responsible overnight delivery service.
Except
as expressly amended hereby, the terms and conditions of the By Laws are hereby
confirmed, remain unchanged and are in full force and effect.
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