The document outlines the articles of association for Country Club Estates Association, Inc., a nonprofit corporation formed under Vermont law. The summary is as follows:
1) The association is formed to acquire, construct, manage, and maintain common property for the social and recreational benefit of its members.
2) Membership in the association is tied to ownership of properties with easement rights to access and use the association's lands and facilities.
3) The association is governed by a board of directors who are responsible for managing operations, adopting budgets and assessments, and enforcing rules.
Template for Apartment Association Byelaws. You can customize this to suit your society's needs. You can see more details about Byelaws at http://blog.apnacomplex.com/2010/06/07/apartment-association-bylaws/
The document summarizes the key aspects of the Andhra Pradesh Societies Registration Act of 2001:
1) It consolidates and amends laws relating to registration of societies in Andhra Pradesh that promote art, charity, religion, sports, literature and other public purposes.
2) It outlines the process for registering a society, including filing documents like the memorandum and bye-laws with the Registrar. A certificate of registration will be issued if all provisions are complied with.
3) It describes the management and administration requirements for registered societies, such as maintaining proper records and accounts, electing a committee to manage affairs, and qualifications for committee members.
The document outlines the memorandum and bylaws of the Sadashiv Alpine Residents' Welfare Association. It establishes the association to promote social harmony and a comfortable living complex for residents of the Sadashiv Alpine Residency complex in Zirakpur, Punjab. The guiding principles are harmonious living, good citizenship, and maintaining an outstanding physical environment. The aims of the association are to represent residents, maintain common areas, provide security, and establish rules and regulations with approval from members. Membership is automatic for anyone who purchases an apartment in the complex.
The Golden Rain Foundation Trust was established in 1964 to finance and manage the construction of community facilities for Leisure World Laguna Hills. As trustee, Golden Rain Foundation is responsible for acquiring land, developing facilities like clubhouses and golf courses, and managing/maintaining the assets for the benefit of the mutual housing corporations that own the trust. The trust agreement and exhibits outline the trustee duties, assets, funding from mutuals, financial reporting requirements, and establishes the mutual housing corporations as both trustors that provide funding and beneficiaries that benefit from the trust assets and services.
This document outlines the by-laws of the Benguet Electric Cooperative, Inc. It discusses requirements for membership including a membership fee of 5 pesos. It specifies that members must purchase electric energy from the cooperative. The by-laws describe rights of members including voting and examining accounts. It also details termination of membership and distribution of remaining assets upon dissolution of the cooperative.
The document outlines the West Bengal Apartment Ownership Act of 1972 and discusses key definitions and provisions related to apartment ownership. It defines an apartment as an independently owned residential unit that is part of a larger property. It establishes an association of apartment owners that is responsible for common areas and facilities. The association elects a board of managers to administer the property and collect fees from owners for maintenance.
The document provides guidance on registering a resident welfare society in Uttar Pradesh, India under the Societies Registration Act of 1860. It outlines the requirements for the memorandum of association, which must include the society's name, address, objectives, and names of governing body members. It also describes the necessary components of the rules and regulations document, including membership rules, meeting procedures, and roles of the managing committee. Finally, it lists the registration process and supporting documents required, such as minutes book, membership records, and proof of publishing a registration notice in a newspaper.
This document outlines the by-laws of CSA Makati 91, Inc. It discusses the organization of meetings of members, including annual meetings, monthly/special meetings, notices of meetings, quorums, and voting procedures. It also outlines the structure of the Board of Trustees, including their powers and duties, qualifications for trustees, vacancies, and terms. Finally, it discusses the election and roles of officers, including the Executive Director, Deputy Executive Director, Secretary, Treasurer, and Auditor. Committees and functions are also established for a Homecoming Committee and Outreach Committee.
Template for Apartment Association Byelaws. You can customize this to suit your society's needs. You can see more details about Byelaws at http://blog.apnacomplex.com/2010/06/07/apartment-association-bylaws/
The document summarizes the key aspects of the Andhra Pradesh Societies Registration Act of 2001:
1) It consolidates and amends laws relating to registration of societies in Andhra Pradesh that promote art, charity, religion, sports, literature and other public purposes.
2) It outlines the process for registering a society, including filing documents like the memorandum and bye-laws with the Registrar. A certificate of registration will be issued if all provisions are complied with.
3) It describes the management and administration requirements for registered societies, such as maintaining proper records and accounts, electing a committee to manage affairs, and qualifications for committee members.
The document outlines the memorandum and bylaws of the Sadashiv Alpine Residents' Welfare Association. It establishes the association to promote social harmony and a comfortable living complex for residents of the Sadashiv Alpine Residency complex in Zirakpur, Punjab. The guiding principles are harmonious living, good citizenship, and maintaining an outstanding physical environment. The aims of the association are to represent residents, maintain common areas, provide security, and establish rules and regulations with approval from members. Membership is automatic for anyone who purchases an apartment in the complex.
The Golden Rain Foundation Trust was established in 1964 to finance and manage the construction of community facilities for Leisure World Laguna Hills. As trustee, Golden Rain Foundation is responsible for acquiring land, developing facilities like clubhouses and golf courses, and managing/maintaining the assets for the benefit of the mutual housing corporations that own the trust. The trust agreement and exhibits outline the trustee duties, assets, funding from mutuals, financial reporting requirements, and establishes the mutual housing corporations as both trustors that provide funding and beneficiaries that benefit from the trust assets and services.
This document outlines the by-laws of the Benguet Electric Cooperative, Inc. It discusses requirements for membership including a membership fee of 5 pesos. It specifies that members must purchase electric energy from the cooperative. The by-laws describe rights of members including voting and examining accounts. It also details termination of membership and distribution of remaining assets upon dissolution of the cooperative.
The document outlines the West Bengal Apartment Ownership Act of 1972 and discusses key definitions and provisions related to apartment ownership. It defines an apartment as an independently owned residential unit that is part of a larger property. It establishes an association of apartment owners that is responsible for common areas and facilities. The association elects a board of managers to administer the property and collect fees from owners for maintenance.
The document provides guidance on registering a resident welfare society in Uttar Pradesh, India under the Societies Registration Act of 1860. It outlines the requirements for the memorandum of association, which must include the society's name, address, objectives, and names of governing body members. It also describes the necessary components of the rules and regulations document, including membership rules, meeting procedures, and roles of the managing committee. Finally, it lists the registration process and supporting documents required, such as minutes book, membership records, and proof of publishing a registration notice in a newspaper.
This document outlines the by-laws of CSA Makati 91, Inc. It discusses the organization of meetings of members, including annual meetings, monthly/special meetings, notices of meetings, quorums, and voting procedures. It also outlines the structure of the Board of Trustees, including their powers and duties, qualifications for trustees, vacancies, and terms. Finally, it discusses the election and roles of officers, including the Executive Director, Deputy Executive Director, Secretary, Treasurer, and Auditor. Committees and functions are also established for a Homecoming Committee and Outreach Committee.
This document establishes covenants, conditions, and restrictions for the Cottages at Wildwood Ranch residential development. It creates a homeowners association called the Cottages Home Owners Association to maintain common areas and enforce the covenants. All property owners in the development are required to be members of the association and pay annual/special assessments. The document defines terms, outlines voting rights and board structure for the association, and establishes that assessments are a lien on properties and a personal obligation of owners.
The document outlines the Orissa Self-Help Cooperative Act of 2001 in India. It discusses the evolution of the cooperative movement in Odisha since 1898. The key points of the Act include provisions around the incorporation, membership, management, finance, and dissolution of cooperatives. It describes the registration process for new cooperatives and rules regarding a cooperative's name, location, assets, membership, governance through a general body and board of directors, and more.
The document discusses various aspects of managing corporations, including:
- Corporate objectives, powers, and the roles of boards of directors and officers
- Directors' and officers' duties to act in the corporation's best interests and avoid conflicts of interest
- Protection from liability provided by the business judgment rule for decisions made with care, in good faith, and without conflicts
- Potential liability of directors and officers for negligence, torts, crimes, and usurping corporate opportunities
- Defenses against hostile takeovers and protections for minority shareholders
The document outlines the constitution of the Douala Entrepreneurship Association (DEA) which was established on March 15th, 2011 in Douala, Cameroon. It details the objectives of the association which are to support entrepreneurship in Cameroon by creating a database of professionals and organizing training events. It establishes a management committee to govern the association and handle its finances, which will include a president, vice presidents, and treasurer. The constitution also outlines rules for membership, meetings, amending the constitution, and dissolving the association.
The document outlines the powers and duties of the Board of Directors of a homeowners association. It states that the Board has the power to:
1) enforce the governing documents of the association including the declarations, bylaws, and policies.
2) fix the amount of the annual assessment and send notices to homeowners.
3) procure insurance, maintain common areas, and enforce architectural guidelines.
The Board must also provide new owners with the governing documents and information about the association. Meetings of the Board require notice and a quorum to conduct business.
The document outlines the by-laws of the Gentry Honours Homeowners Association. It establishes the association's name and principal office. It defines key terms like "association", "properties", "common area", "lot", "owner", "declarant", and "declaration". It also establishes rules for member meetings, the board of directors, officers and their duties, committees, financial assessments, and amendments to the by-laws.
This document outlines corporate governance requirements for boards of directors and officers according to the Corporation Code of the Philippines. It discusses qualifications for directors, election procedures, roles and responsibilities of officers, reporting requirements, and rules around compensation, conflicts of interest, and removal of directors. It also defines quorum rules and methods of voting for board and shareholder meetings. Special requirements are defined for certain types of corporations regarding citizenship of directors.
This document provides information on the organization and registration of cooperative societies under relevant sections of law. It defines key terms like "primary credit society" and "Urban Cooperative Bank". It outlines the process for registering cooperative societies including requirements for applicants, authorized registrars, registration procedures, and issuance of registration certificates. Once registered, cooperative societies are considered bodies corporate with legal rights and responsibilities.
These forms are provided as informational templates and may not be appropriate for a given situation without consulting an attorney. The document contains sample bylaws for a corporation, including sections on offices, shareholders, directors, meetings, voting procedures, and informal actions. Users are warned that the forms may not apply in all jurisdictions and their specific facts require legal review before using the templates.
This document summarizes key provisions related to partnerships under Philippine law. It defines a partnership as an agreement between two or more persons to contribute money, property, or industry to a common fund, with the intention of dividing profits. A partnership has a separate legal personality from its partners. The document also provides rules for determining whether a partnership exists, noting that profit-sharing alone does not constitute a partnership. It outlines requirements for partnerships over 3,000 PHP to be in writing and recorded.
This document discusses borrowing powers under company law. It notes that trading companies have an implied power to borrow, while non-trading companies must be expressly authorized to borrow in their memorandum and articles of association. It also discusses unauthorized or "ultra vires" borrowings, noting that borrowings beyond a company's authorized amount are void, though lenders may have remedies against directors or seek to recover funds. Examples of cases related to ultra vires borrowings are provided. Finally, it briefly outlines different types of borrowings and forms of security that can be provided for borrowings.
The memorandum of incorporation is for The One Hundred and Three Home Owners Association NPC. It establishes the association to manage collective interests for its members regarding common property. Key details include:
- Membership is limited to owners of the 206 cluster and garage erven.
- The association has powers to collect levies from members and maintain common areas.
- Directors are appointed to manage the association and collect funds.
- General meetings allow members to vote on important issues like levies.
- Rules govern members' use of common areas and obligations to the association.
Chapter 42 – Organization and Financial Structure of CorporationsUAF_BA330
This document provides an overview of the organization and financial structure of corporations. It discusses promoters and preincorporation contracts, the incorporation process, financing corporations through equity and debt securities, and share types including common and preferred stock. It also addresses defective incorporation, de jure and de facto corporations, and restrictions on transferring shares. The key points are that incorporation requires complying with state law requirements, promoters have fiduciary duties, and corporations use various financial instruments to raise capital.
This document summarizes a Supreme Court of the Philippines case regarding a dispute over board representation between Grace Christian High School and Grace Village Association, Inc. For 15 years, Grace Christian High School had a representative that was a permanent member of the Grace Village Association board of directors. However, in 1990 the association decided to reexamine this arrangement, claiming it was undemocratic. Grace Christian High School filed a case claiming it had acquired a vested right to permanent board representation based on amended bylaws from 1975. The courts ultimately ruled against Grace Christian High School, finding that the amended bylaws were never properly ratified and that having an unelected permanent board member goes against corporation law.
Forest Glade Estate - Draft Memorandum of IncorporationAdriaan Gie
This document is a memorandum of incorporation for The One Hundred and Three Home Owners Association NPC. It outlines the association's name, objectives, powers, membership, financial obligations of members, and governance structure including directors and meetings. The key points are:
- The association promotes and manages the collective interests of its members regarding their common property and determines and collects levies.
- Membership is limited to owners of private erven, who have financial obligations to the association including contribution to assets and payment of levies.
- Governance includes a board of directors, annual general meetings, notice procedures, quorum rules, and voting procedures. The directors are responsible for the association's functions and powers.
The document provides an overview of key concepts related to law and the Indian Contract Act. It defines law and its purposes, discusses essential elements and features of a valid contract such as offer, acceptance, consideration, and capacity to contract. It also covers formation of a contract, performance, breach, remedies, and discharge of a contract. The summary briefly outlines key topics covered in the document related to contract law in India.
The document summarizes the key provisions of the Societies Registration Act of 1860 in India. Some highlights:
1) It allows 7 or more persons to form a society by filing a memorandum of association with the registrar.
2) The memorandum must include the society's name, objectives, and names of the governing body.
3) Once registered, the society can sue and be sued in the name of the governing body.
4) The act provides for procedures related to dissolution of a society and distribution of its assets.
Directors are responsible for managing a company's affairs as the company is an artificial entity that can only act through human agents. A company must have a board of directors. Directors can be appointed by shareholders, other directors, or the central government. They must meet qualification requirements and can be removed by shareholders, government or tribunal in certain circumstances. Directors have general powers listed in the articles as well as specific powers that must be exercised during board meetings, such as making share calls, issuing debentures, and investing company funds. Management of a company is crucial and requires directors to oversee its operations.
Distribution Of Company Assets In LiquidationBRIPAN
This document summarizes the key aspects of distributing company assets during liquidation proceedings under Nigerian law. It discusses:
1. The roles and duties of a liquidator to gather company assets, realize their value, pay debts, and distribute any surplus to shareholders.
2. The types of assets available for distribution, including realized assets, assets from continuing business operations, and discovered assets.
3. Methods for increasing the asset pool, such as legal claims, demands on shareholders, calling unpaid capital, and summoning those possessing assets.
4. The process for creditors to prove debts, including deadlines, affidavit requirements, and the liquidator's examination and certification.
5. The ranking of
A chemical engineering student at Clarkson University with a 3.89 GPA and concentrations in chemical engineering and materials engineering. He was born in Vermont and graduated in the top 10% of his high school class. As an intern he designed orthopedic medical trays and has worked summer jobs in floor restoration and lawn care. He is involved in Engineering Without Borders, National Honor Society, and received multiple leadership awards in high school sports.
Rich Tulikangas has extensive experience in education, nonprofit work, and youth development. He has held leadership roles creating statewide programs in Vermont and founding Linking Learning to Life, now called Navicate, a nonprofit serving over 5,000 youth annually. With a background in strategic planning, partnership building, and staff management, Tulikangas has successfully secured over 75 public and private funders for the organizations he has led.
This document establishes covenants, conditions, and restrictions for the Cottages at Wildwood Ranch residential development. It creates a homeowners association called the Cottages Home Owners Association to maintain common areas and enforce the covenants. All property owners in the development are required to be members of the association and pay annual/special assessments. The document defines terms, outlines voting rights and board structure for the association, and establishes that assessments are a lien on properties and a personal obligation of owners.
The document outlines the Orissa Self-Help Cooperative Act of 2001 in India. It discusses the evolution of the cooperative movement in Odisha since 1898. The key points of the Act include provisions around the incorporation, membership, management, finance, and dissolution of cooperatives. It describes the registration process for new cooperatives and rules regarding a cooperative's name, location, assets, membership, governance through a general body and board of directors, and more.
The document discusses various aspects of managing corporations, including:
- Corporate objectives, powers, and the roles of boards of directors and officers
- Directors' and officers' duties to act in the corporation's best interests and avoid conflicts of interest
- Protection from liability provided by the business judgment rule for decisions made with care, in good faith, and without conflicts
- Potential liability of directors and officers for negligence, torts, crimes, and usurping corporate opportunities
- Defenses against hostile takeovers and protections for minority shareholders
The document outlines the constitution of the Douala Entrepreneurship Association (DEA) which was established on March 15th, 2011 in Douala, Cameroon. It details the objectives of the association which are to support entrepreneurship in Cameroon by creating a database of professionals and organizing training events. It establishes a management committee to govern the association and handle its finances, which will include a president, vice presidents, and treasurer. The constitution also outlines rules for membership, meetings, amending the constitution, and dissolving the association.
The document outlines the powers and duties of the Board of Directors of a homeowners association. It states that the Board has the power to:
1) enforce the governing documents of the association including the declarations, bylaws, and policies.
2) fix the amount of the annual assessment and send notices to homeowners.
3) procure insurance, maintain common areas, and enforce architectural guidelines.
The Board must also provide new owners with the governing documents and information about the association. Meetings of the Board require notice and a quorum to conduct business.
The document outlines the by-laws of the Gentry Honours Homeowners Association. It establishes the association's name and principal office. It defines key terms like "association", "properties", "common area", "lot", "owner", "declarant", and "declaration". It also establishes rules for member meetings, the board of directors, officers and their duties, committees, financial assessments, and amendments to the by-laws.
This document outlines corporate governance requirements for boards of directors and officers according to the Corporation Code of the Philippines. It discusses qualifications for directors, election procedures, roles and responsibilities of officers, reporting requirements, and rules around compensation, conflicts of interest, and removal of directors. It also defines quorum rules and methods of voting for board and shareholder meetings. Special requirements are defined for certain types of corporations regarding citizenship of directors.
This document provides information on the organization and registration of cooperative societies under relevant sections of law. It defines key terms like "primary credit society" and "Urban Cooperative Bank". It outlines the process for registering cooperative societies including requirements for applicants, authorized registrars, registration procedures, and issuance of registration certificates. Once registered, cooperative societies are considered bodies corporate with legal rights and responsibilities.
These forms are provided as informational templates and may not be appropriate for a given situation without consulting an attorney. The document contains sample bylaws for a corporation, including sections on offices, shareholders, directors, meetings, voting procedures, and informal actions. Users are warned that the forms may not apply in all jurisdictions and their specific facts require legal review before using the templates.
This document summarizes key provisions related to partnerships under Philippine law. It defines a partnership as an agreement between two or more persons to contribute money, property, or industry to a common fund, with the intention of dividing profits. A partnership has a separate legal personality from its partners. The document also provides rules for determining whether a partnership exists, noting that profit-sharing alone does not constitute a partnership. It outlines requirements for partnerships over 3,000 PHP to be in writing and recorded.
This document discusses borrowing powers under company law. It notes that trading companies have an implied power to borrow, while non-trading companies must be expressly authorized to borrow in their memorandum and articles of association. It also discusses unauthorized or "ultra vires" borrowings, noting that borrowings beyond a company's authorized amount are void, though lenders may have remedies against directors or seek to recover funds. Examples of cases related to ultra vires borrowings are provided. Finally, it briefly outlines different types of borrowings and forms of security that can be provided for borrowings.
The memorandum of incorporation is for The One Hundred and Three Home Owners Association NPC. It establishes the association to manage collective interests for its members regarding common property. Key details include:
- Membership is limited to owners of the 206 cluster and garage erven.
- The association has powers to collect levies from members and maintain common areas.
- Directors are appointed to manage the association and collect funds.
- General meetings allow members to vote on important issues like levies.
- Rules govern members' use of common areas and obligations to the association.
Chapter 42 – Organization and Financial Structure of CorporationsUAF_BA330
This document provides an overview of the organization and financial structure of corporations. It discusses promoters and preincorporation contracts, the incorporation process, financing corporations through equity and debt securities, and share types including common and preferred stock. It also addresses defective incorporation, de jure and de facto corporations, and restrictions on transferring shares. The key points are that incorporation requires complying with state law requirements, promoters have fiduciary duties, and corporations use various financial instruments to raise capital.
This document summarizes a Supreme Court of the Philippines case regarding a dispute over board representation between Grace Christian High School and Grace Village Association, Inc. For 15 years, Grace Christian High School had a representative that was a permanent member of the Grace Village Association board of directors. However, in 1990 the association decided to reexamine this arrangement, claiming it was undemocratic. Grace Christian High School filed a case claiming it had acquired a vested right to permanent board representation based on amended bylaws from 1975. The courts ultimately ruled against Grace Christian High School, finding that the amended bylaws were never properly ratified and that having an unelected permanent board member goes against corporation law.
Forest Glade Estate - Draft Memorandum of IncorporationAdriaan Gie
This document is a memorandum of incorporation for The One Hundred and Three Home Owners Association NPC. It outlines the association's name, objectives, powers, membership, financial obligations of members, and governance structure including directors and meetings. The key points are:
- The association promotes and manages the collective interests of its members regarding their common property and determines and collects levies.
- Membership is limited to owners of private erven, who have financial obligations to the association including contribution to assets and payment of levies.
- Governance includes a board of directors, annual general meetings, notice procedures, quorum rules, and voting procedures. The directors are responsible for the association's functions and powers.
The document provides an overview of key concepts related to law and the Indian Contract Act. It defines law and its purposes, discusses essential elements and features of a valid contract such as offer, acceptance, consideration, and capacity to contract. It also covers formation of a contract, performance, breach, remedies, and discharge of a contract. The summary briefly outlines key topics covered in the document related to contract law in India.
The document summarizes the key provisions of the Societies Registration Act of 1860 in India. Some highlights:
1) It allows 7 or more persons to form a society by filing a memorandum of association with the registrar.
2) The memorandum must include the society's name, objectives, and names of the governing body.
3) Once registered, the society can sue and be sued in the name of the governing body.
4) The act provides for procedures related to dissolution of a society and distribution of its assets.
Directors are responsible for managing a company's affairs as the company is an artificial entity that can only act through human agents. A company must have a board of directors. Directors can be appointed by shareholders, other directors, or the central government. They must meet qualification requirements and can be removed by shareholders, government or tribunal in certain circumstances. Directors have general powers listed in the articles as well as specific powers that must be exercised during board meetings, such as making share calls, issuing debentures, and investing company funds. Management of a company is crucial and requires directors to oversee its operations.
Distribution Of Company Assets In LiquidationBRIPAN
This document summarizes the key aspects of distributing company assets during liquidation proceedings under Nigerian law. It discusses:
1. The roles and duties of a liquidator to gather company assets, realize their value, pay debts, and distribute any surplus to shareholders.
2. The types of assets available for distribution, including realized assets, assets from continuing business operations, and discovered assets.
3. Methods for increasing the asset pool, such as legal claims, demands on shareholders, calling unpaid capital, and summoning those possessing assets.
4. The process for creditors to prove debts, including deadlines, affidavit requirements, and the liquidator's examination and certification.
5. The ranking of
A chemical engineering student at Clarkson University with a 3.89 GPA and concentrations in chemical engineering and materials engineering. He was born in Vermont and graduated in the top 10% of his high school class. As an intern he designed orthopedic medical trays and has worked summer jobs in floor restoration and lawn care. He is involved in Engineering Without Borders, National Honor Society, and received multiple leadership awards in high school sports.
Rich Tulikangas has extensive experience in education, nonprofit work, and youth development. He has held leadership roles creating statewide programs in Vermont and founding Linking Learning to Life, now called Navicate, a nonprofit serving over 5,000 youth annually. With a background in strategic planning, partnership building, and staff management, Tulikangas has successfully secured over 75 public and private funders for the organizations he has led.
Mc manus, dr. - Dr. McManus - Workforce Dev Guruwww.SMARTvt.org
Andrea McManus is an executive director with experience in culinary education, consumer products, and food service production. She holds an Ed.D from the University of Vermont, an M.S.Ed from the University of Miami, and a B.A. in Social Work from Castleton State College. Over her career, Dr. McManus has managed over 75 grants totaling 100% funding success. She currently leads 53 employees in a strategic business unit at City Market and has previously held positions in new product development, administration, project management, and workforce development.
The Vermont State Colleges provide affordable and accessible education across five public colleges in Vermont, serving over 12,000 students annually. It is requesting an increased state appropriation to maintain enrollment and programs given that tuition now provides 82% of revenue compared to 49% in 1980. The system aims to award over 2,000 degrees and certificates annually to Vermonters across a variety of subjects.
This document provides information about a Proposer's Day event for the DARPA SHIELD program. The event included presentations on the SHIELD threat space, technical program description, and contracting information. Attendees were given guidance on submitting abstracts and full proposals, including deadlines and requirements. The goal of the SHIELD program is to develop technologies to secure the electronics supply chain and address the growing threat of counterfeit electronic parts.
The document provides information about navigating health insurance options under the Affordable Care Act (ACA). It explains that the ACA established health insurance marketplaces where individuals can purchase plans and may qualify for subsidies. It details the metal tiers (platinum, gold, silver, bronze) that plans are categorized into based on costs and benefits. It also explains the individual mandate penalty for not having coverage, as well as the premium tax credits and cost-sharing reductions that are available based on income levels. Open enrollment begins October 1st each year. The Federal Data Hub verifies applicant information and eligibility for subsidies.
Robin Halik, former owner of Woodstock Cookie Company, started Nantucket Property Works on Nantucket Island with assistance from SMART Holdings USA. The business provides year-round property care and maintenance services for absentee landowners. SMART Holdings helped develop the business plan and connect Halik with financing. Nantucket Property Works has grown through acquisitions and now employs around 50 people across various services like landscaping, construction, and caretaking. The business aims to help protect properties from damage during storms like the severe one in December 2010 that caused widespread issues on the island.
Summary of the Changes to the Michigan Nonprofit Corporations Act that Affect...Fraser Trebilcock Lawyers
Effective January 15, 2015, Governor Snyder signed into law Senate Bills 623, 624 and 929. These three Bills amend the Michigan Nonprofit Corporation Act (the "Act") which is the law under which most trade associations operate. Some of the amendments require action by management to amend bylaws or articles of incorporation, but most will not.
This document outlines the by-laws of the Birmingham Village Homeowners Development Cooperative in the Philippines. It details the cooperative's purpose, membership requirements and process, administration including the general assembly and board of directors, and other organizational matters. Key points include that membership is open to residents and those engaged with the village; the highest decision-making body is the general assembly; the board of directors oversees business and is elected by members; and the by-laws establish rules regarding meetings, voting, duties, and termination of membership.
The operating agreement forms Saints and Barrels LLC, a New York limited liability company owned equally by Jorge Sanchez and Gabino L. Legrand. It establishes the company's purpose, governance structure, and financial obligations of its members. Key terms include allocating profits/losses proportionally based on ownership, requiring unanimous member approval for additional capital contributions, and allowing members to transfer their interests to new members with written consent.
This document outlines the by-laws of a cooperative, including sections on membership, administration, and the board of directors. Key details include requirements for membership such as minimum share purchases and education programs. The general assembly is identified as the highest policy-making body, with powers such as amending by-laws and electing directors. The board of directors is responsible for general policy, planning, and oversight functions. Qualifications for and elections of directors are also described.
Forest Glade Estate - Articles of AssociationAdriaan Gie
This document outlines the articles of association for The One Hundred and Three Home Owners Association, which governs a residential development.
The summary includes:
- Membership in the association is limited to owners of private properties within the development. When a property is transferred, the new owner automatically becomes a member.
- The directors are empowered to collect levies from members to fund the association's operating expenses, including maintenance of common areas. Levies must be approved by members at an annual general meeting.
- Special levies can also be imposed by the directors, without a member vote, to cover specific statutory obligations or unforeseen expenses. Additional levies for structural changes require a member vote.
The document outlines the by-laws of the Gentry Honours Homeowners Association. It establishes the principal office, defines key terms like "Association" and "Owner", outlines procedures for member meetings and elections, establishes the Board of Directors and officer positions/duties, and addresses financial assessments on property owners.
This document outlines the by-laws of the Oikos Christian Network Multipurpose Cooperative. It details the cooperative's purpose, membership requirements and rights, governance structure including the general assembly and board of directors, and administrative policies. Key points include that membership is open to Filipino Christians and non-Christians, the general assembly is the highest decision-making body composed of members entitled to vote, and the board of directors oversees operations and is composed of 10 members elected by the general assembly.
Corporate meetings, whether of directors, shareholders, or members, can be regular or special. Meetings allow for a majority to make binding decisions for the corporation, provided proper notice was given and the meeting was properly called and conducted. Key elements of meetings include quorum requirements, voting procedures such as by proxy, and rules for joint ownership of shares. Stock certificates must be issued following certain requirements and signed by corporate officers, and transfers recorded by the corporation in order to be valid against the company. Consideration for shares cannot be less than par or issued value, and can include assets, labor, or previous debt as well as cash.
This presentation goes over some of the basics of Homeowners' Associations in Fairfax County. What HOA's are, who can join them, how they are governed, and their responsibilities and powers are all detailed in this presentation.
The document outlines the by-laws of the Oak Hills Owners Association. It establishes the association as a non-profit corporation formed to govern the Oak Hills Subdivision. It defines membership in the association as requiring ownership of property in the subdivision. It establishes a board of managers to administer the affairs of the association and an environmental control committee to enforce covenants and review building plans. It also outlines voting procedures, meetings, and the powers and duties of the board.
This document outlines the by-laws of the League of Independent People Aiming for Development Credit Cooperative (LIPADCC). It discusses the cooperative's purpose, membership requirements and types, administration including the roles of the General Assembly and Board of Directors, and elections. Key points include:
- The cooperative aims to serve residents of Birmingham Village and their relatives through credit and financial services.
- Membership has requirements including residency, education, and minimum share purchases. There are regular and associate membership types.
- The General Assembly is the highest policy-making body and meets annually or specially. It elects the Board of Directors.
- The Board of Directors provides policy direction, plans strategy, and oversees
The document outlines the memorandum of association for the Westend Heights Condominium Association. It establishes the association to manage the condominium and provides its aims, location, governance structure, and rules for members. Key details include establishing a board of managers led by a president to maintain common areas, collect fees, and enforce compliance with rules regarding unit usage, noise levels, maintenance responsibilities and other regulations for living in the condominium.
Memorandum of incorporation approved 26 11 13Adriaan Gie
The memorandum of incorporation is for The One Hundred and Three Home Owners Association NPC. It establishes the association to manage collective interests for its members regarding common property. Key details include:
- Membership is limited to owners of the 206 cluster and garage erven.
- The association has powers to collect levies from members and maintain common areas.
- Directors are appointed to manage the association and collect funds.
- General meetings allow members to vote on important issues like levies.
- Rules govern members' use of common areas and obligations to the association.
Condominium Association ResponsibilitiesDirk Spahn
The document outlines the responsibilities of condominium board members, including their fiduciary duty to act in the best interests of the association. It discusses the board's powers to administer the association, make budgets and assessments, purchase insurance, and maintain common elements. The board must also prepare annual budgets and year-end financial reports to inform unit owners.
This document outlines the bylaws of the Coto de Caza Community Association. It discusses the principal office location, purposes of the association, membership qualifications and voting rights, procedures for meetings of members, and structure and responsibilities of the board of directors. Key points include:
- The principal office is located in Newport Beach, California.
- Membership is mandatory for owners of residential lots in the Coto de Caza development.
- The board of directors consists of 3 members who are elected annually by association members.
- The board has broad powers to manage association affairs, enforce covenants, and make rules for common areas.
The document discusses the organization and registration of cooperatives under Philippine law. It outlines the cooperative principles of open membership, democratic control, limited interest on capital, member economic participation, and cooperative education. It describes the process for organizing a cooperative including submitting an economic survey, articles of cooperation, and bylaws. It also discusses types of cooperatives, membership, administration through a general assembly and board of directors, and voting procedures.
The bylaws establish Inspirational Publishing as a non-profit corporation under Idaho law with the purpose of training and employing students and disabled individuals to raise money for schools using marketing tactics. The bylaws outline the corporation's powers and limitations, establish that it has no members, describe the structure and duties of the Board of Directors and officers, and provide for indemnification of Directors and officers.
This document outlines the by-laws of the United People Consumers Cooperative (UPECCO). It details the cooperative's membership requirements and process, including qualifications, application process, rights/responsibilities of members, and circumstances for termination of membership. It also describes the cooperative's governance structure, including the roles and responsibilities of the General Assembly as the highest policy-making body, and the Board of Directors, which provides overall policy direction and oversight of the cooperative's operations. The by-laws establish rules for meetings, voting, elections, and administration of the cooperative.
Up the Ratios Bylaws - a Comprehensive Process of Our Organizationuptheratios
Up the Ratios is a non-profit organization dedicated to bridging the gap in STEM education for underprivileged students by providing free, high-quality learning opportunities in robotics and other STEM fields. Our mission is to empower the next generation of innovators, thinkers, and problem-solvers by offering a range of educational programs that foster curiosity, creativity, and critical thinking.
At Up the Ratios, we believe that every student, regardless of their socio-economic background, should have access to the tools and knowledge needed to succeed in today's technology-driven world. To achieve this, we host a variety of free classes, workshops, summer camps, and live lectures tailored to students from underserved communities. Our programs are designed to be engaging and hands-on, allowing students to explore the exciting world of robotics and STEM through practical, real-world applications.
Our free classes cover fundamental concepts in robotics, coding, and engineering, providing students with a strong foundation in these critical areas. Through our interactive workshops, students can dive deeper into specific topics, working on projects that challenge them to apply what they've learned and think creatively. Our summer camps offer an immersive experience where students can collaborate on larger projects, develop their teamwork skills, and gain confidence in their abilities.
In addition to our local programs, Up the Ratios is committed to making a global impact. We take donations of new and gently used robotics parts, which we then distribute to students and educational institutions in other countries. These donations help ensure that young learners worldwide have the resources they need to explore and excel in STEM fields. By supporting education in this way, we aim to nurture a global community of future leaders and innovators.
Our live lectures feature guest speakers from various STEM disciplines, including engineers, scientists, and industry professionals who share their knowledge and experiences with our students. These lectures provide valuable insights into potential career paths and inspire students to pursue their passions in STEM.
Up the Ratios relies on the generosity of donors and volunteers to continue our work. Contributions of time, expertise, and financial support are crucial to sustaining our programs and expanding our reach. Whether you're an individual passionate about education, a professional in the STEM field, or a company looking to give back to the community, there are many ways to get involved and make a difference.
We are proud of the positive impact we've had on the lives of countless students, many of whom have gone on to pursue higher education and careers in STEM. By providing these young minds with the tools and opportunities they need to succeed, we are not only changing their futures but also contributing to the advancement of technology and innovation on a broader scale.
What is SMARTVT - Unlocking the Power of Influencewww.SMARTvt.org
SMART Holdings USA provides career development services including advocacy, training, and networking opportunities. They offer two executive package options - Option A for $1,279 which includes career assessments, certifications, counseling sessions and introductions for subject matter expertise. Option B is $500 plus $.99 weekly fees and includes group career support and recommendations. Individual services can also be purchased a la carte starting at $.99 per week for access. The organization aims to help clients refine expertise, find career preferences, earn income through expertise, and build a personal brand.
A Way VT Can Save $26M for DCF by CEO Larry Cristwww.SMARTvt.org
This document proposes a new initiative called Bending the Curve (BTC) to address problems with Vermont's child protection system. The system is experiencing unsustainable annual caseload increases of 10-20% and ranks highly for permanently removing young children from families. BTC would establish multi-disciplinary teams for families early on to provide legal assistance, intensive service coordination, and accountability. Pilot programs show BTC could significantly reduce custody rates and associated costs while improving outcomes for families and children. The document outlines the problems with the current system and how BTC aims to improve transparency, accountability, legal representation for families, and coordination of services. The goal is to divert 12-25 children from custody annually in each county, achieving estimated savings
Bending the curve - Saving $20M for State of Vermontwww.SMARTvt.org
The document outlines challenges with Vermont's child protection system and proposes a new approach called Bending the Curve (BTC) to address these challenges. The current system takes too many young children into state custody too soon, does too little for families, and spends too much money. BTC would establish multi-disciplinary teams in each county to thoroughly assess cases before custody and provide coordinated services to safely keep families together whenever possible. Pilot projects found BTC could reduce custody rates for young children by 30% while improving outcomes and saving millions annually. The goal is to divert 12-25 children from custody per county through early intervention and family support.
SMART Holdings USA - SMARTvt Magazine Spring 2017www.SMARTvt.org
1) The document discusses Kenneth Martin, a transportation expert from Hinesburg, Vermont who launched an affordable transportation company in 2016 to make theme-based transportation like weddings and youth programs more accessible and affordable.
2) It also discusses Larry Crist, the former CEO of the American Red Cross, who has a plan called "Bending the Curve" to decrease the high rate at which Vermont seizes children from parents, lower associated costs by 75%, and better support families.
3) The plan aims to address risks to children from issues like opioid dependency through more comprehensive family assessments and integrated social services rather than the default of recommending custody.
This document is listing the requirements for a Quarry Master position at a historic marble quarry in Tennessee. The ideal candidate will have extensive knowledge of geology, specifically the formation of marble through metamorphism. They will also have experience operating and maintaining quarry equipment and managing a quarry staff. The candidate must understand the unique characteristics of operating the only Tennessee Pink quarry in the world.
Daniel Carver was the Chief Financial Officer at Keurig Green Mountain (KGM) responsible for overseeing the contract manufacturing of K-cups with partners. He established processes to ensure KGM was reimbursed appropriately according to agreements and developed tracking systems for raw materials and finished goods. Under his leadership, the number of partner brands grew from one in 2010 to eleven in 2015, representing 20 brands and accounting for 35% of KGM's volume and $700 million in revenue by aligning partners within KGM's operations.
James Howard is a president and CEO with an MBA from Northeastern University and a BS from Boston College. He transitioned a specialty contract manufacturer of bar soap into a global skin care products manufacturer approved by the FDA, developing patents and licensing agreements. As a formulary leader, he compounded client-driven products and created an intellectual property renewal revenue model. His areas of successful leadership include technology and product management, career growth, and differentiating business opportunities that create profitability and societal good.
Michael Kipp is an experienced C-level executive with over 20 years of international business experience across multiple industries. He has held roles including SVP and CFO, helping to improve P&L performance and transform companies. He has a track record of leading turnarounds through developing strategic plans, building high-performing teams, and driving sustainable profitable growth.
Donna Walters provides human capital utilization consulting services. She has a Master's in Leadership from Northeastern University and a Bachelor's in Business Administration from UMass Amherst. Her specialties include operational efficiency, business analysis, grant writing, leadership development, and small business administration. A sample work project involves developing a strategic plan and implementation timeline to update membership criteria and policies for a cooperative business.
Donna Walters has experience in operational efficiency, business analysis, and community outreach. She has a Master's in Leadership from Northeastern University and a Bachelor's in Business Administration. Her work sample outlines a strategic gameplan for a membership team focused on research, gaining buy-in, implementation, and planning for sustainable success through leadership development, financial health, and effective communication. She provides her contact information and lists relevant experience, education, industries, and specialties.
James Fenter is a project manager for accounting systems with a master's degree. He has experience managing accounting software implementation projects. Fenter brings expertise in project management and accounting systems to help organizations streamline processes and leverage technology.
Chittenden Valley Transportation Services is creating a 10 bus operation in Northern Vermont led by Kenneth Martin. The goal is to have a 10 bus fleet serving 40 employees providing transportation services for schools, churches, events, tourism, hospitals, weddings and special needs populations. Currently they have one 24 passenger bus billing 30 hours per week and earning $1,500 per week. They are seeking $65,000 to purchase a used 72 passenger bus and a $25,000 line of credit to manage cash flow between weekly and monthly paying clients and cover operational expenses.
This document outlines what to expect from a career counseling session, including a minimum of 60 minutes spent analyzing the individual's resume, LinkedIn profile, intended market, and job market realities. The counselor will work with the individual to understand their career story and intentions, obstacles, and develop an individualized career plan with recommendations like resume revisions, introductions, and enrollment in an online career program. The session fee is $120 and the organization claims to move people towards reemployment at least 35% faster than other methods through a personalized approach.
SMART Holdings USA provides career development services including advocacy, training, and networking opportunities. They work with a variety of clients across different industries. Their services include resume and branding assistance, skills assessments, career advising sessions, and help finding subject matter expertise and employment. They offer various enrollment packages with options for individual services à la carte.
This mutual nondisclosure agreement is between Tier 1, SMARTvt, SMART Holdings USA, Job Club ("Discloser") and their employees, consultants, trusted advisors, board members, job club participants, and corporate officers ("Recipient"). It protects both parties' confidential information, including intellectual property, exchanged verbally, in writing, electronically, or through other means. The agreement prohibits using or disclosing confidential information without authorization for three years. It also requires keeping the information secure, returning or destroying it upon request, and handling any government requests carefully to prevent losing its proprietary status. The agreement is governed by Vermont law and allows for injunctive relief in case of a breach.
This document proposes a study on the unique correlation between Vermont and Cuba. It notes that both places value small, community-focused societies with an emphasis on local food production, education, and tourism. The document outlines areas of potential collaboration between Vermont and Cuba, including agricultural practices, educational resources, tourism, and culinary/hospitality exchanges. It concludes by listing next steps such as further defining the mission, establishing a management team, finding supporters, and seeking funding opportunities.
1. COUNTRY CLUB ESTATES ASSOCIATION, INC.
ARTICLES-OF ASSOCIATION
WE THE SUBSCRIBERS, of full age, hereby associate ourselves
together as a non-profit corporation under the laws of the State
of Vermont,_to be known by the name of COUNTRY CLUB ESTATES
ASSOCIATION, INC., for the follo~ing purposes:
ARTICLE I - NON-PROFIT STATUS
This corporation is formed and organized not for profit and
no profit or property shall inure to the individual members of
this corporation, though upon dissolution assets, if any, may be
divided among the members of the corporation after all of the
corporation's obligations are paid. This corporation is to have
perpetual existence. Members may be paid a salary for services
rendered to the corpora~ion which normally would require payment
for services rendered.
ARTICLE II - GENERAL POWERS
A. To buy, sell, hold, lease or otherwise acquire and
operate, maintain, supervise, care for, manage, and/or use real
and personal property for the social, recreational and legal bene-
fit of the members of said corpor9tion.
B. To engage in recreational, social and legal activities
for the benefit of and protection of the members of the cor-
poration and to engage persons, partnerships, corporations or
other legal entities to carry out the purposes of the corporation.
2. C. To solicit funds, engage in fund raising activities, set
dues and assessments as required to carry out the purposes' of the
corporation as voted by the membership of the corporation.
D. To borrow money, encumber corporate assets, execute all
types of security documents as voted by the membership of the cor-
poration.
E. To do all other acts permitted.non-profit organizations
under the laws of the State of Vermont and 11 V.S.A. Chapter 19,
as it now exists a~d may hereafter be amended or superseded.
F. Notwithstanding the foregoing, the purposes of the cor-
poration-shall be limited to providing for the acquisition,
construction, management and maintenance and care of association
property as that phrase is used in §528 of the Internal Revenue
Code as it now exists or may be amended or superseded.'
ARTICLE III - MEMBERSHIP
A. The membership of the corporation shall consist of the
grantees of an easement and right-of-way for access to and the use
of certain lands and premises shown on a Plan of Country Club
Estates dated March 1, 1969, Revision Number 1, of record in
Volume 80, at Page 57 of the Land Records of the City of South
Burlington as conveyed to Country Club Estates Assoc., Inc." by
Warranty Deed of Renee J. Berard and June A. Berard, dated
July 11, 1969, and of record in Volume 91, at Pages 190-193 of the
Land Recoros of the City of South Burlington, including more par-
ticularly, the right to use the swimming pools and tennis courts
2
3. constructed thereon, and the heirs, successors and assigns of said
grantees.
B. All such conveyances shall be made to the owners of real
property identified in said easement deeds as dominant estates.
Membership in the corporation shall be transferred in connection
with any and all conveyances of said dominant estates. Membership
shall not be capable of being separated. or divided from the
ownership of said dominant estates.
c. Any singl~ grant, conveyance, or reconveyance of the
easement and right-of-way described above to co-tenants shall
establish one membership in the corporation to be shared by the
said co-tenants in proportion to their ownership of the dominant
estate. The act of any single co-tenant shall be deemed to be the
act of the member unless said act is promptly and publicly
challenged by any other co-tenant(s). In the event of such a
challenge, the vote of the membership shall be divided in a frac-
tional share equal to the share of said co-tenant. Any other mem-
bership act, such as the making of a nomination or motion, or the
seconding of the same, shall be deemed to be validly made even if
made solely by a co-tenant controlling a fractional share of a
membership. The rulings of the presiding officer at any meeting
of the corporation with respect to this subject shall be final.
D. No member shall be entitled to the right to use the cor-
poration's facilities, the right to vote at any corporation
meeting, the right to do any official act in connection with such
3
4. a meeting, such as making or seconding a motion or nomination, or
to any other benefit of membership, unless said member is in good
standing.
E. A member shall be a member in good standing unless the
directors of the corporation vote to suspend the rights of the
member. The Board may order such a suspension upon finding that
any of the stated facts specified below exists:
1. That any properly assessed share of the of the cost and
expense of operating the corporation and/or its property has
been billed t~ the member and unpaid for a period in excess
of thirty (30) days after the date of billing; or
2. That the member, or any member of the member's immediate
family, or any guest of the member has committed ~ serious
breach of any rule or regulation adopted by the corporation's
Board of Directors for the governance of the corporation
and/or for the use of the corporation's property; or
3. That the member, any member of the member's family, or
any guest of the member has repeatedly violated any rule or
regulation adopted by the Board of Directors of the cor-
poration for the governance of the corporation and/or for the
use of the corporation's property.
F. Any membership suspended for a failure to timely pay the
member's share of the cost and expenses of operating the cor-
poration shall be entitled to reinstatement upon the payment of
all delinquent assessments, together with interest at the rate of
nine (9%) percent per annum on al~ unpaid amounts, together with a
one time penalty equal to five (5%) percent of each unpaid
assessment.
G. Any member suspended on grounds other than non-payment
of assessments may be reinstated upon such terms and conditions as
4
5. shall be deemed appropriate and just in the judgment of the Board
of Directors. In the event that a suspended member is dissa-
tisfied with the judgment of the Board with respect to reinstate-
ment, said member shall be entitled to propose alternate terms for
reinstatement at an annual meeting of the membership. The deter-
mination of the membership at such an annual meeting with respect
to the question of reinstatement shall be final.
H. The right to use the property of the corporation shall be
limited to members in good standing, and the immediate families
and occasional guests of members in good-standing.
I. -The membership shall enact By-Laws for the governance of
the affairs of the corporation and same may be amended as provided
therein.
------- -- - NON-STOCK
ARTICLE IV -
The corporation shall not have or issue stock and shall
operate as a non-profit corporation. There shall be no individual
liability on the members of the corporation except to pay dues,
assessments and charges as adopted by vote of the membership of
the corporation.
ARTICLE V - MEETINGS OF MEMBERSHIP
The annual meeting of the members of the corporation shall be
held on the ---- day of _______ , in each year. In
the event no such meeting is held within ten (10) days of that
date, any five (5) members of the association may cal~ the annual
meeting by signing a written notice of said meeting and mailing a
5
6. copy of said notice to the last known address of each known member
of the association at least ten (10) days before the date of the
meeting called thereby. Special meetings may be held or called as
set forth in the By-Laws or upon written petition of ten (10%)
percent of the membership of the corporation filled with the Board
of Directors of the corporation.- The Directors shall be elected
at the annual meeting of the corporation as set forth in the
By-Laws and the numbers of Directors and their term of office
shall be set forth -by the By-Laws of the corporation. The off i-
cers of the corporation shall be elected by the Board of Directors
annually immediately after the annual meeting of the members of
the corporation.
ARTICLE VI - BOARD OF DIRECTORS
The Board of Directors shall manage the business of the cor-
poration subject to the resolutions of the membership of the cor-
poration and as prescribed by the By-Laws of the corporation.
ARTICLE VII - BUDGET AND ASSESSMENTS
-
A. Directors' Proposal. At least ten (10) days before the
annual meeting of the corporation, the Board of Directors shall
mail to each member a proposed budget for the ensuing year. The
budget shall include an estimate of the total amount considered
necessary to pay the anticipated cost within the ensuing year for
the administration and operation of the corporation and for the
maintenance and operation of the corporation's real and personal
property and for the rendering to corporation members of all
6
7. related services. The budget shall also include reasonable
amounts necessary to provide for working capital, general
operating reserve, and reserves for contingencies and replace-
ments.
B. Corporation Adoption. The proposed budget shall not
,
become final until submitted to the annual meeting of the cor-
pOTCIT.10n,at which the members may either adoptujJ.~._a..supresente
....•
,
--
or adopt it in some revised fashion.
--... If for any reason the
members fail to adopt a budget at the annual meeting, the budget
for the ensuing year shall be deemed to be the same as th~ one
then in effect plus ten (10%) percent.
C. Annual Assessments. The total amount of the estimated
funds required from the assessments for the operation of the cor-
poration set forth in th~ adopted budget shall be divided by the
number of corporation members, and the resulting sum shall be
assessed against each corporation member.
D. Supplemental Asses~~ents. If during any fiscal year, the
Board of Directors determines that the actual assessments for that
year are less than the operating expenses actually incurred or
likely to be incurred, the Board may recommend a supplemental
assessment and convene a special meeting of the members for the
purpose of acting upon such recommendation. Such supplemental
assessment, if adopted, shall be payable in accordance with the
resolution authorizing the same.
E. Capital Assessments. In addition to annual assessments
~nd special assessments, the corporation may levy a special
7
8. assessment for the purpose of defraying, in whole or in part, the
cost of any construction or reconstruction, addition, or unex-
pected repair or replacement of a capital improvement to the cor-
poration's real and personal property, provided that any such
assessment is duly adopted at an annual or special meeting of the
corporation-and provided further that at least two-thirds of the
votes of all of the members of the corporation approve such capi-
tal assessment. A capital assessment shall be payable in accor- ~
dance with the resolution authorizing the same.
F. Payment Liability. Each corporation member shall pay the
share of-the cost and expense of operating the corporation
assessed by the Board of Directors. No corporation member may
exempt him or herself from liability for this assessment by waiver
of the use or enjoyment of the corporation property or abandonment
of his or her dominant estate. No corporation member shall be
liable for the payment of any part of the corporation expenses
assessed against the members dominant estate subsequent to the
date of the recordation of a conveyance by him in fee of said
dominant estate. The treasurer of the corporation shall maintain,
or cause to be maintained, a record of the payment of all
assessments.
ARTICLE VIII - AMENDMENTS
Amendments to these Articles of Association shall be done in
the manner and with the vote required by the laws and statutes of
the State of Vermont.
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9. ARTICLE IX
The corporation shall have a fiscal year which shall begin on
the first day of __________ , and end on the day of --------,
in each year.
ARTICLE X .
The registered agent of the corporation shall be Richard T.
Cassidy, of 192 College Street, Burlington, Vermont 05402-0567,
and the registered office of the corporation shall be at that
address, unless and until the directors change the ,identity. of the
registered agent or the location of the registered office in
accordance with 11 V.S.A. §2356 •
•..
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