Page 2 - Kings Point Property Owners Association - 2015 By-Laws

Section 7. "Member" shall mearl and ref-er to those persons entitled to membership as

provided in the Declarations.

ARTICLE III

MEET'ING OT, MEMBERS

Section 1. Annual Meetir-rg. l'he first annual meeting of the members shall be held within
one year from the date of incorporation of the Association, and each subsequent regular annnal
meeting of the members shall be held on any Saturday or Sunday of November of each year

thereafter. The date, place, and time flor the regular amual meeting will be set by a majority of

the Board of Directors.

Section 2. Special Meetines. Special meetings of the members may be called at any time
by the president or by the Board of Directors, or Llpon written request of the members who are
entitled to vote twenty-five per cent (25%) o1'all of the votes of the membership. The date, place,
and time for any special meeting will be set by a majority of the Board of l)irectors.

Section 3. Notice of Annual ancl Special Meetings" Notice of each meeting of the

members shall be given by, or at the direction of, the secretary or person authorized to call the

rneeting to each member entitled to votc in accordance with applicable law. Such notice shall

specily the place, day, and hour of the meeting. and, in the case of a special meeting, the purpose
of the meeting.

Section 4. Quorum. The presence at the meeting of members entitled to cast, or of proxies

entitled to cast, one-third (1/3) of the total mernbership votes shall constitute a quorum fbr any
action except as otherwise provided in the Articles of Incorporation" the Declaration. or these

By-laws. If, however, such quorum shall not be present or represented at any meeting, the

members entitled to vote shall have power to adjourn the meeting fiom time to time, without

notice other than announcement at the meeting, until a quorum is present or is represented.

Section 5. Voting. At all meetings ot'members. each member may vote in person, by

proxy, by absentee ballot, or by electronic ballot as allor,veci by the Teras Properly Code or by
any other method perrnitted by applicable law. All proxies shall be in writing and flled with the
secretary. Every proxy shall be revocable and shall automatically cease upon conveyance by the

member of his or her Lot or as otherwise stated in the proxy.

A recount of votes for an election held bv the Association will be allowed in accordance

with applicable law.

ARTICLE IV
BOARD OF DIRECTORS, SF,LEC]TION, TERM OF OFFICE

Section 1. Number. The alfairs of this Association shall be managed by a Board of five

(5) directors, who shall be members of tlie Association. The number of directors may be

increased from time to time by amendment to these By-laws. Any directorship to be filled by

reason of any increase in the number of dircctors shall be filled by election at an annual meeting

or at a special meeting of the members called tbr that purpose.