| 4.2.1.1. |
The
membership in the Community Club shall consist of and be limited to the
owners or purchasers of lots in the area described in Article II of the
Articles of Incorporation specifically within the plats of Lummi Island
Scenic Estates, Divisions No. 1, Sections 1, 2, 3, 4 and Divisions 2, 3,
4, 5, 6, 7, 9 and 10.
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| 4.2.1.2. |
Each
owner or purchaser shall have one membership regardless of the number of
lots owned or purchased, and the voting interest of each member shall be
equal to that of any other member, and no member can acquire any interest
which shall entitle him to any greater voice, vote or authority in the
Community Club than any other member. If any lots are held by two or more
persons, the several owners of such interest, i.e. husband and wife, partners,
etc., shall be collectively entitled to cast ONLY one vote.
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| 4.2.1.3. |
No
membership shall be voted unless represented in person or by duly executed
proxy by the owner or owners or purchaser or purchasers as afore described.
|
| 4.2.1.4. |
Membership
and certificates or cards of membership evidencing the same shall be inseparably
appurtenant to lots owned by the members, and upon transfer of ownership,
or contract of sale, of any such lots, membership or certificate or cards
of membership shall ipso facto be deemed to be transferred to the new owner
or contract purchaser. No membership or certificate or card of membership
may be transferred, assigned or in any manner conveyed, other than in the
manner herein before set forth. In the event of the death of a member,
the membership and certificate or card of membership of such member shall
be and become the property of the personal representative of such deceased
member upon the appointment and qualification as such in a judicial proceeding
and such personal representative shall have all the rights, privileges
and liabilities of the deceased member until title shall be transferred
or contracted to be transferred. Upon any transfer of membership
as herein before provided the corporation will issue a new certificate
or card as provided in Article 4.2.3.1.
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| 4.2.1.5. |
No
owner or purchaser's membership may be canceled, forfeited of, disposed
of, nor may any member withdraw, cancel, or transfer his membership except
upon transfer of title to the real property to which his membership is
appurtenant, as elsewhere herein provided. The Board of Directors
may levy fines, assess charges, suspend memberships, deprive members of
privileges and services provided by the Community Club, or exercise any
other reasonable restriction, penalty, or admonishment for the violation
of any of these Bylaws or the duly adopted and published Rules and Regulations.
Memberships may be suspended and the member deprived of the privileges
and services provided by the Community Club, only by the Board of Directors,
for non-payment of dues or assessed charges, or any other violation of
these Bylaws or the duly adopted and published Rules and Regulations, or
for any activity which is in violation of the laws of the Federal, State
or Local Governments and which the Board of Directors believes to be detrimental
to the Community Club. The annual dues may not be suspended for any reason.
The Board of Directors shall levy late charges and/or charge interest at
the rate of 12% per annum compounded monthly beginning 30 days after each
assessment or charge is levied on all accounts due the Community Club. |
| 4.2.1.6. |
No
compensation shall be paid by the corporation upon any transfer of membership
and no member whose membership is transferred shall be entitled to share
or participate in any of the property or assets of the corporation.
|
| 4.2.1.7. |
Subject
to approval by the Board of Directors, and confirmation by a majority vote
of the membership at the next Annual General Meeting, owners or contract
purchasers of parcels of property outside of current LISE boundaries may
be accorded membership in the Community Club, subject to such terms and
conditions as may be imposed from time to time by the Board of Directors.
|
| 4.2.1.8. |
In
order to be considered for membership, the owner or contract purchaser’s
property must adjoin property within the Plats of Lummi Island Scenic Estates,
other property the owners or contract purchasers of which have been accorded
membership, or be otherwise served by an easement or easements sufficient
to consider such owner’s or contract purchaser’s property as contiguous
to Lummi Island Scenic Estates. |
| 4.2.1.9. |
Such
owners or contract purchasers shall pay an initiation fee for membership
as shall be determined by the Board of Directors and shall make such improvements
to their property as the Board of Directors shall require as necessary
or appropriate to membership.
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| 4.2.1.10. |
The
owner or contract purchaser of any parcel who is to be accorded membership
shall execute and deliver for recording such covenant or other document
as the Board of Directors shall prescribe from time to time, the effect
of which will be to permanently affix the property of such owners or contract
purchasers, irrespective of subsequent conveyance, to the control of the
Community Club.
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| 4.2.1.11. |
Upon
admission to membership, the owner or contract purchaser of such parcel
shall have all rights and privileges of membership, and shall be subject
to all duties and obligations of membership including, without limitation,
the obligation to pay such dues and assessments as may be imposed from
time to time, and shall be bound by the land covenants of the plats of
the various divisions, the articles and bylaws, and the rules, regulations
and other governing documents of Lummi Island Scenic Estates Community
Club, Inc.
|
| 4.2.1.12. |
In
the event an owner or contract purchaser shall divide, subdivide, partition,
or otherwise change the boundaries of the parcel held by such owner or
contract purchaser in conjunction with such person’s membership, there
shall thereafter continue to be only one membership which shall be appurtenant
to such single resulting parcel as the Board of Directors shall determine,
and any remaining portion of such parcel not a part of the parcel to which
membership continues to be appurtenant shall have no membership rights
or privileges except upon petitioning for and being granted membership
as provided herein.
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