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| Shawnee Shoals Neighborhood Association, Inc. | |||||||||
| BY-LAWS OF SHAWNEE SHOALS NEIGHBORHOOD ASSOCIATION | |||||||||
| Preface | |||||||||
| Article I ~ Name | |||||||||
| Article II ~ Purpose | |||||||||
| Article III ~ Membership | |||||||||
| Article IV ~ Voting Rights | |||||||||
| Article V ~ Membership Meetings | |||||||||
| Article VI ~ Election of Directors | |||||||||
| Article VII ~ Board of Directors | |||||||||
| Article VIII ~ Officers | |||||||||
| Article IX ~ Committees | |||||||||
| Article X ~ Finance | |||||||||
| SECTION 1. | The fiscal year of the Associationm shall begin the 1st day of January of each year. | ||||||||
| SECTION 2. | |||||||||
| Any Association member may review the accounts of the Association so long as the request made is reasonable and not unduly burdensome to the Treasurer. The Board shall have the authority to request an audit of the books and accounts of the Association more often than each three (3) years, if in its discretion, it deems it advisable and appropriate to do so. Such audit shall also be made available for review by members and shall be presented to the membershuip at the first Annual Meeting of the Association following receipt of the requested audit ad further, such requested audit shall not be considered as being in lieu of or as substitute for the three (3) year mandatory audit provided for hereinabove. | |||||||||
| SECTION 3. | The Board shall establish spending level restrictions and budget control procedures. | ||||||||
| SECTION 4. | The checks shall be signed by an oficer or persons authorized by action of the Board of Directors. | ||||||||
| SECTION 5. | A financial statement of the previous year shall be mailed to the membership along with the annual membership billings. | ||||||||
| SECTION 6. | The Board of Directors or any elected or appointed official in their management and conduct of the affiars of the Association shall avoid patent conflict of interest between one or more of its members and the business of the Association. | ||||||||
| Article XI ~ Conducting Business by Mail | |||||||||
| Article XII ~ Distribution of Assets After Dissolution | |||||||||
| Article XIII ~ Seversibility Clause | |||||||||
| Article XIV ~ Amendments | |||||||||
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