No director shall receive compensation for any service he may render the Association in conjunction with his duties as Director. In the event of death, resignation or removal of a director, his successor shall be selected by the remaining members of the Board and shall serve for the unexpired term of his predecessor. Any director may be removed from the Board, with or without cause, by a majority vote ofthe members of the Association. Directors are limited to a maximum of three consecutive terms. Directors shall be elected for two-year terms or until their successors are elected, and their term of office shall begin at the close of the annual meeting at which they are elected, such that three (3) of the Directors and four (4) of the Directors shall be elected in alternate years. The affairs of this Association shall be managed by a Board of seven (7) directors, all of whom shall be me.mbers of the Association. Board of Directors: Selection: Term of Office Every proxy shall be revocable and shall automatically cease upon conveyance by the member of his Lot.ĪRTICLE IV. All proxies shall be in writing and filed with the secretary. At all meetings of members, each member may vote in person or by proxy. This provision shall continue to reduce the quorum by fifty percent (50%) from that requried at the previous meeting, as previously reduced, until such time as a quorum is present and business can be conducted. The quorum requirement at the next meeting shall be one-half of the quorum requirement applicable to the meeting adjourned for lack of a quorum. In the event business cannot be conducted at any meeting because a quorum is not present, that meeting may be adjourned to a later date by the affirmative vote of a majority of those present in person or by proxy. The presence at the meeting of members entitled to cast, or of proxies entitled to cast, one-tenth (1110) of the votes of all the membership shall constitute a quorum for any action-except as otherwise provided in the Articles of Incorporation, the Declaration, or these By-Laws. Such notice shall specify the place, day and hour of the meeting, and, in case of a special meeting, the purpose of the meeting. Written notice of each meeting of the members shall be given by, or at the direction of, the secretary or person authorized to call the meeting, by mailing a copy of such notice, postage prepaid, at least 15 days before such meeting to each member entitled to vote thereat, addressed to the member’s address last appearing on the books of the Association, or supplied by such member to the Association for the purpose of notice. Special meetings of the members may be called at any time by the president or by the Board of Directors, or upon written request of the members who are entitled to vote one-half (112) of all of the votes of the membership. The meeting shall be held within 75 days of the end of the fiscal year. A meeting of the members of the Association shall be held annually at a time and place to be determined by the Board of Directors of the Association. “Member” shall mean and refer to those persons entitled to membership as provided in the Declaration. “Declaration” shall mean and refer-to the Declaration of Covenants, Conditions and Restrictions applicable to the Properties recorded in the Office of Register of Deeds of Forsyth County, North Carolina. “Declarant” shall mean and refer to Sheppard, Inc. “Owner” shall mean and refer to the record owner, whether one or more persons or entities, of the fee simple title to any Lot which is a part of the Properties, including contract sellers, but excluding those having such interest merely as security for the performance of an obligation. “Lot” shall mean and refer to any plot of land shown upon any recorded subdivision map of the Properties with the exception of the Common Area. “Common Area” shall mean all real property owned by the Association for the common use and enjoyment of the owners. “Properties” shall mean and refer to that certain real property described in the Declaration of Covenants, Conditions and Restrictions, and such additions thereto as may hereafter be brought within the jurisdiction of the Association. “Association” shall mean and refer to Woodland Hills Homeowners Association, Inc., its successors and assigns. The principal office of the corporation shall be located at 3623 North Elm Street, Suite 200, Greensboro, NC, 27455, but meetings of members and directors may be held at such places within the State of North Carolina, County of Forsyth, as may be designated by the Board of Directors. The name of the corporation is Woodland Hills Homeowners Association, Inc., hereafter referred to as the “Association”.

Spring hill hoa covenents