BOC Files (Folders 1-3) - Laserfiche WebLink

Home Browse Search

f ~__~ 5. AUTH RIT'Y TO VO . All owners shall be entitled to vote, including those who have leased their premises to a third party. An owner's right to vote may not be revoked. i 6. REPRESENTATIVR~, Each owner that is a governmental entity shall designate at least one (1) ~~ official representative and such alternates in descendin order of . g their rank, as it sees fit who shall have authority to cast votes on behalf of such govemmental owner's unit(s) for all purposes reguding the Association. Designation of such representative and altemates shall be made by formai resolution of the ~~ governing body of the governmental owner. Whenever two or more persons are designated to cast votes for a govemmental owner, the vote of such unit shall be ~exercised only by the designee then present with the _ highest d~signated rank. ~ _.~ 7. ACTIONS BY A~Snc~ra~rrnrT~ L. AL, MEETIN 7. Decisions and iesolutions of the Association shall require approval by all owners and shall be takea only at a legal meeting. A legal meeting is one duly called pursuant to these Bylaws where a quorum is presen~ If the owners do not agree a ~j particulaz action is necessary, the matter may be submitted by any owner to the resolntion process described in these Bylaws. ARTICLE III AL)~STRATION 1. ASSOCIATION RESPON IBIL-TTIES. The owners of the units wili constitute the Association of Unit Owners ("Association'~, which will have the responsibility of administering the project, approving the annual budget (and any adjustments or revisions thereto), establishing and collecting quarterly assessments and arranging for the operation, management and maintenance of the Condominium, including negotiating and contracting with and supervising any person, persons or business entity with respect to such matters. The Association of Unit Owners shall be an unincorporated association, unless the unit owners elect to incorporate under the nonprofit corporation laws of the State of Oregon. 2. P~ACE OF .F'iTNr. /OP •N MEETIl~T * T. s~S, Formal meetings of the Association shall be held at such place as is agc+eed npon from time to time by authority of the owners. ~ ! 3. T[JRNOVER MEETIN t. The tumover meeting (which shall constitnte the initial organizational ; meeting) shall be held not later than thirty (30) days following the recordation of the Declaration. The turnover meeting shall be called by notice to all unit owners of the time, place and purpose thereof not less than seven (7) nor more than twenty (20) days before the meeting. ff such meeting is not called by the ~ Declarant within the time specified, any unit owner may call a meeting and give the above-referenced ~ notice. ~ At the turnover meeting, the Declarant shall relinquish control of the administration of the Association, _ ~~ ..the unit owners ~all assume such control and the wut owners shall elect a boazd of directors in accordance with the provisions of Article IV of these Bylaws. Additionally, the Deciaranf shall deliver to the Association those items specified in the pregon Condominium Act to be hnned over by the Declarant at the ~.~ turnover.meeting. ~ 4. ANNiJAi. ME~TINCS; The {~t ~~ ~~g of the Association shall be held not later than the end of the calendar year following the calendar year in wlrich the turnover meeting is held and shall be ~~ set by action of the Board of Directors. At the discretion of the Board of Directors, the date for this meeting may be changed from time to time, but must be held annually. At such meetings, new members, if any, of the Board of Directors shall be designated by the owners in accordance with the requirements of t Section 6 of Article IV of these Bylaws. The owners may also transact such other business of the ~ Association as may properly come before them. 5. SPEC AT M~F'i'rlv[iS, It shall be the duty of the Chair to call a spacial meeting of the owners ~l as directed by resolution of the Boazd of Directors or if a petition signed by any owner is presented to the J Secretary. All meetings called because of petition of unit owners shall be held within sixty (60) days after ~ , Bylaws Courthouse Squaze Condominium Page - 2 1026980258 ~~ ~. ~