Casita Colony Recreation Association By-Laws Article I Name And

What Casita Colony Recreation Association By-Laws Article I Name And's governing documents say

Casita Colony Recreation Association is a non-profit stock corporation for Villa Monterey Unit Three in Scottsdale, AZ. Each owner of a dwelling unit in the subdivision receives one share of stock, and the association manages recreation amenities and enforces restrictions from a separate Declaration of Restrictions. These By-Laws govern the internal operations of the association — board elections, shareholder meetings, voting rights, and officer duties.

• Association type & purpose: The association is a non-profit corporation whose shareholders are the owners of each parcel in Villa Monterey Unit Three. It operates under a Declaration of Restrictions recorded in 1963 and amended several times, with which these By-Laws are incorporated.
• Shareholder voting: Each parcel gets one share and one vote. If multiple owners, they must designate one voting shareholder. Voting rights are suspended if the shareholder is delinquent in assessments or in default under the Declaration. A quorum of 40 voting shareholders (in person or by absentee ballot) is required for meetings.
• Board of Directors: The Board has up to nine members, all must be resident homeowners who live in Villa Monterey Unit Three at least six months per year. Directors serve staggered three-year terms; no more than three are elected each year. The Board can appoint up to three alternate directors to fill a quorum gap.
• Officers & elections: Officers (President, VP, Secretary, Treasurer) are selected by the Board from among its members and serve one-year terms. All officers must be qualified shareholders and resident homeowners. Nominations for directors come from a nominating committee appointed by the President at least 60 days before the annual meeting, with additional nominations by petition 15 days before.
• Meetings & notices: The annual shareholder meeting is on the second Saturday in February in Scottsdale. Written notice must be delivered or mailed/emailed at least 30 days in advance. Board meetings can be called on 3 days' notice; a majority of directors constitutes a quorum.
• Assessments & funds: Assessments levied per the Declaration are not refundable upon sale; proration must be arranged privately. The Treasurer manages corporate funds and must present quarterly and annual financial statements.
• Amendments: By-Laws may be amended by a vote of 51% of voting shareholders attending (or voting absentee) at a meeting with a quorum, provided 30 days' written notice of the proposed amendment is given.
• What this document doesn't cover: These By-Laws do not contain typical HOA rules on pets, parking, architectural review, leasing duration, or use of individual property. Those restrictions are in the separate Declaration of Restrictions referenced in Article II but not reproduced here. Additionally, no specific recreation facilities or fee amounts are described.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.