Second Amended & Restated Bylaws Table of Contents

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1. GENERAL
    1.1    Purpose of Bylaws
    1.2    Terms Defined in the Declaration
    1.3    Controlling Laws and Instruments

2. OFFICES
    2.1    Principal Office
    2.2    Registered Office and Agent

3. MEMBERS
    3.1    Members
    3.2    Memberships Appurtenant to Lots
    3.3    Voting Rights of Members
    3.4    Voting by Joint Owners
    3.5    Resolution of Voting Disputes
    3.6    Suspension of Voting Rights
    3.7    Determination of Member Voting Percentage
    3.8    Transfer of Memberships on Association Books
    3.9    Assignment of Voting Rights to Tenants and Mortgagees

4. MEETINGS OF MEMBERS
    4.1    Place of Members’ Meetings
    4.2    Annual Meetings of Members
    4.3    Special Meetings of Members
    4.4    Record Date
    4.5    Notice of Members’ Meetings
    4.6    Proxies
    4.7    Quorum at Members’ Meetings
    4.8    Adjournments of Members’ Meetings
    4.9    Vote Required at Members’ Meetings
    4.10  Order of Business
    4.11  Chairman of Meetings
    4.12  Expenses of Meetings
    4.13  Waiver of Notice
    4.14  Actions of Members Without a Meeting

5. BOARD OF DIRECTORS
    5.1    General Powers and Duties of Board
    5.2    Special Powers and Duties of Board
    5.3    Qualifications of Directors
    5.4    Number of Directors
    5.5    Removal of Directors
    5.6    Resignation of Directors
    5.7    Vacancies in Directors
    5.8    Executive Committee
    5.9    Other Committees of Association
    5.10  General Provisions Applicable to Committees

6. MEETINGS OF DIRECTORS
    6.1    Place of Directors’ Meetings
    6.2    Annual Meeting of Directors
    6.3    Other Regular Meetings of Directors
    6.4    Special Meetings of Directors
    6.5    Notice of Directors’ Meetings
    6.6    Open Meetings
    6.7    Proxies
    6.8    Quorum of Directors
    6.9    Adjournment of Directors’ Meetings
    6.10  Vote Required at Directors’ Meetings
    6.11  Order of Business
    6.12  Officers at Meetings
    6.13  Waiver of Notice
    6.14  Action of Directors Without a Meeting
    6.15  Participation by Electronic Means

7. OFFICERS
    7.1    Officers, Employees and Agents
    7.2    Appointment and Term of Office and Officers
    7.3    Removal of Officers
    7.4    Resignation of Officers
    7.5    Vacancies in Officers
    7.6    President
    7.7    Vice President
    7.8    Secretary
    7.9    Treasurer

8. INDEMNIFICATION OF OFFICIALS AND AGENTS
    8.1    Certain Definitions
    8.2    Right of Indemnification
    8.3    Indemnification Prohibited
    8.4    Prior Authorization
    8.5    Success on Merits or Otherwise
    8.6    Advancement of Expenses
    8.7    Payment Procedures
    8.8    Notification to Members
    8.9    Authority to Insure
    8.10  Right to Impose Conditions of Indemnification
    8.11  Other Rights and Remedies
    8.12  Applicability; Effect
    8.13  Indemnification of Agents
    8.14  Saving Clause; Limitation

9. MISCELLANEOUS
    9.1    Amendment of Bylaws
    9.2    Execution, Certification and Recording Amendments to Declaration
    9.3    Compensation of Officers, Directors and Members
    9.4    Books and Records
    9.5    Annual Report
    9.6    Statement of Account
    9.7    Biennial Corporate Reports
    9.8    Fiscal Year
    9.9    Seal
    9.10  Shares of Stock and Dividends Prohibited
    9.11  Loans to Directors and Officers Prohibited
    9.12  Limited Liability
    9.13  Special Rights of First Mortgagees
    9.14  Minutes and Presumptions Thereunder
    9.15  Record of Mortgages
    9.16  Checks, Drafts and Documents
    9.17  Execution of Documents

10. NOTICE AND HEARING PROCEDURE
    10.1  Notice and Hearing
    10.2  Tribunal

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