‘Title Data TX 192.
168.50.15 HA vV639652.021 ‘FIRST AMENDED BY-LAWS OF GREENBRIAR COLONY TENNIS AND SWIM ASSOCIATION, INC.”
ARTICLE I Section 1. The ‘words "the property" as used in these By-Laws shall be deemed to mean the following described . veal property situated in Harris County, Texas, described as?
All of thosé certain tracts of land known as GREENBRIAR COLONY TOWNHOUSES, a subdivision as set forth on the Map a plat thereof recorded in Volumes 295, Page 79 of the Map Records of Harris County, Texas and GREENBRIAR: COLONY PATIO HOMES, a subdivision as set forth.on the map or plat thereof recorded in Volume 258 , Page Ye of-the Map Records of Harris County, Texas .
ARTICLE If.
The name of the corporation shall be GREENBRIAR COLONY TENNIS AND. SWIM ASSOCIATION, INC. ("the Comporation”) Its principal office shall be located at 2727 M/ Aeop esr ™ 200, Houston, Texas, .
. ARTICLE III Section 1. ‘The purpose for which the Corporation is formed are civic. and social for the benefit and betterment of the residents ‘and property” owners of the property, those purposes being as follows: a (a). Exeroise - all of the powers and privileges and’ perform all of the duties and obligations of the Corporation as set -forth in the . Declaration of Covenants, Conditions . and Restrictions (the ““Rastristions") recorded under County Clerk's File No, 6705640 and 6733581 of ‘the OfEicial Public Records of ‘. Real Property of Harris County, Texas, as the same may be amended from time to time; ‘(b)} To affix, levy, collect and enforce payment by any Laws means, all charges or assessments pursuant te the terns of the Restrictions; ta pay all expenses ‘in connection therewith and’ . all office and other axpenses ineident to the conduct of the
y any Laws means, all charges or assessments pursuant te the terns of the Restrictions; ta pay all expenses ‘in connection therewith and’ . all office and other axpenses ineident to the conduct of the business of the Corporation, including all icenses, taxes or governmental charges levied or Amposed ‘Ssgainet the ‘property of L RECEIVED DEC 0 4 1980 Soll lateliaLnoed fvettaanl eile ieaubieoor dat ad phbaemsiaear ahetemienaee cepenh eee TEI Te Snes SLT mm i mn i a Se aaa icra mal were sedreineremniniaee reararviad finan aremnaatiaia b Title Data i the Corporation; (c) To acquire by gift, purchase or otherwise, own, hold, ‘improve,’ build upon, operate; maintain, convey, sell, lease, transfer, dadicate for public use or otherwise dispose of real or personal property in connection with the affairs of the Corporation subject to the limitations. of the Restrictions.
, (d) To borrow, money, to mortgage, pledge, or hypothecate' any or alt, of its real. or . personal property as security for money borrowed or debts incurred, subject to the limitations of the Restrictions; Ce) “To promote and provide’ recreational facilities for _ the ‘residents and the property owners of the property; (£) To provide general sanitation and cleanliness, of recreational tract; , , (g) To provide any. activity conducted for tha mutual ‘bonegit of resident. owners and to have. and toe ‘exercise any and all powers, xvights and privileges which a corporation. organized .
under. the Non-Profit Corporation laws of the State of Taxas, by law may now or hereafter exercise, - | ARTICLE Iv, The Corporation shall have and continuously maintain in the state of. Texas a registered | office and-a registered’ agent, whose ‘office is taentica1 with such registered office, as
- | ARTICLE Iv, The Corporation shall have and continuously maintain in the state of. Texas a registered | office and-a registered’ agent, whose ‘office is taentica1 with such registered office, as required: by the Texas Non-Profit Corporation Act. The registered office may be but need not be, identical with the principal ‘office in the State of Texas, and the. address. of the registered office may: be changed from time to time by: the Board oaf Directors, : ARTICLE V Section 1, Every person or entity who is a record owner of a fea or undivided fee interest in any Living Unit, Tract ar: Lot which is subject, by covenants of record, to assessment by the .Coxporation, including contract sellers, shall be a member ‘of the ‘Corporation. ° The foregoing is” not interided to include “ persons or entities who hold an interest merely as security for 20° 3 4ECEIVED PEC 0 4 {ur 192.168.50.15 HA v639652.022 rae arene mm een = PETIT HEN wre cl retin rat om 6 emmy emrperer mead apey eemen nse Men tint mien, sep ene Amen setmte nae Se tpn eo tate eget eee ptt eee ee eter ee egegp mes eee et SOE Sr pce ear rene ene ce ner memareeyns = perme Pn Tr Title Data TX 192.168.50.15 HA V639652.023 the performance of an obligation. No owner shall have more than’ one membership for each Living Unit, Tract ox Lot owned.
Membership shail be “appurtenant to and may not be separated from . any ownership of any, Living. Unit, Pract ox Lot which is subject to assessment by: the corporation. Ownership o£ such Living Unit, Tract or Lot shall be the sole, qualification for membership. _Any mortgagee -or jien holder who acduires tate to any Living unit, Tract or Lot which isa part of the ‘property, through judicial or non- judicial foreclosures, shall be a member of the Corporation.
_Any mortgagee -or jien holder who acduires tate to any Living unit, Tract or Lot which isa part of the ‘property, through judicial or non- judicial foreclosures, shall be a member of the Corporation.
' Section 2._ Tha Corporation shall have one class of voting membership.
“CLASS At Class-A members shall: be all owners, their successors and assigns, who shall be. entitled to:-one ~ vote for each Living Unit, Tract or Lot owned, When more that one person holds such interest in any Living Unit, Tract or Lot all such persons shall be Members.
Tha vote for such Living Unit, Tract or Lot shall be exercised as they among themselves determine, but in no ‘ event shall more-than one vote be cast with respect to any Living Unit, Tract or Lot.
-Section 3. ° The first annual meeting. shall be held in “accordance with the, Articles of Incorporation and thereafter, the annual meeting of. the members shall be held on the’ second Wednesday in May of:each year, at seven-thirty p.m., 1£ not a legal: holiday, and if a- legal houiday, then on the next: succeeding business day, for the purpose of electing a Board of ; Directors, hereinafter the "Directors", (after the. term of office “of the. initial Directors or the successors to. the initial Board of Directors has terminated), and for the transaction of any and -all such other business which may: he brought before or submitted ‘to the meeting. All ‘Snnual meotings of the. members shall be held at the office of the Corporation in Harris county, Texas, unless otherwise determined by ‘the Directors. No notice of the annual meeting shall ba necessary unless business is to be taken up» requiring notice under the Restrictions, Section 4. --. Special meetings of the members shall be held
e Directors. No notice of the annual meeting shall ba necessary unless business is to be taken up» requiring notice under the Restrictions, Section 4. --. Special meetings of the members shall be held at the office of the Corporation in Harris County, Texas, or at .
‘such other places as may be designated in, the notice of, waiver, ox waivers of notice of the respective meetings. Special RECEW! EDDECO ¢ oc thie ee mega cpt creed ep ig A a a ae en te ge pk cg ee reef Bare re Rtg mR ef eter HEE Ho eneeepee I weretre eee pve Aa wee ut see = aie aAtmerrertemt te eames am pea nen spp qoteeineeiieeernt ereqaepenae ants fe ry ge tr eee ne yi me caeene Title Data TX 192.168 meetings of the members may be called by the President or by a Vice President or by a majority of the Directors or by a majority . -vote of all the member's. Written notice of each special meeting of the members stating ‘the t4ine and place’ thereof, and indicating briefly the purposa or purposes thereof shall be sent by mail .or telegram or be delivered by the Secretary,” or in the event of his absence or failure, refusal, inability or’ omission to do so, by the ‘President ox a Vice President or any Assistant Secretary, to each of the nenbexs of the Corporation or all holders of first liens on the property at their respactive addresses, as shown by ot the records of tha . Corporation, at least ten (10) days ‘prior to . the date set for the holding of the meeting. Uniess otherwise indicated in ‘the notice or waiver or waivers of notice thereof, any and all business may be transacted at any annual or special meeting of the members.’ . However, no vote “to {i) alienate, hypothecate, transfer or assign the Corporation's interest in the common. areas, {ii) change the ‘assessment provisions of Article
special meeting of the members.’ . However, no vote “to {i) alienate, hypothecate, transfer or assign the Corporation's interest in the common. areas, {ii) change the ‘assessment provisions of Article IV, Section 6 of the Restrictions, (i124) discontinue’ professional .Management of the Property and assume self-management by the _ Corporation, or (iv) approve, modify, accept or otherwise effect or reject ‘any plan of condemnation of the Property shali’ be effective until all Lienholders have been notified of said vote and given a period of thirty (30) days in which to contact the Owners or the Corporation and suggest : alternatives or changes in.
the Corporation’ s plans. .
Section 5. : Those persons or entities holding a | majority of the total votes elther in person or _by. PLORY, shall constitute, a quorum for all purposes at any meeting of the members. If the number of nenberts necessary to ‘constitute a quorum at any annual or special meeting of the members shal. fail to attend in pevson ‘or by proxy, the. Members present in. person or by proxy, may adjourn any such meeting from time to time without notice other than the announcement at the meeting untdl the number requisite “to constitute a quorum shall be present oz attend in person ‘or by “proxy. ‘Those members holding a majority, of all.the votes of the Ay e “Oe | REGEN SES 2 .50.15 HA V639652.024 pea 2S cree nite ie ate nop tyne ye Snir tar reeibeted Wraninmel Sant: PRRIRaaCal 7 Seana ter ete eet ert Re eat Camere eels Tate ae mabpereretegtes enenpene nami erates mn peeps eet i An Np ene ee mente Hoar Ye Seem pp eneT poe 8 mete oe pm tt a wa ate eee tpt dort tenn nn ene AOS app Title Data “px 192.168.50.15 HA V639652.025 het z.
members present in person or by proxy, may also adjourn any
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members present in person or by proxy, may also adjourn any annual or special meeting from time to time without notice, other than /by announcement at the meeting, until the transaction of any and all business submitted or proposed to be submitted to such ‘meeting or any adjournment ox adjournments . thereof shall have ' been completed, -At any such adjourned meeting at which a quorum ‘may be’ present, in person ox by - proxy, any business may be transacted which might have been transacted at ths meeting as originally noticed or called, : Section 6, , Notwithstanding any other provisions of these ". amended By-Laws, any motion td (i). raise the annual assessments : according to the terms of “Article IV, Section 3 of. the ‘Restrictions, or (i1) to make a Special . Assessment for capital improvements as provided in Article Iv, Section 4 of the ' . Restrictions,’ must be approved by members - entitled to cast a majority of the votes of the Corporation.
Section Te The President of the Corporation, and an the’ event of his absence, a Vica President .of the Coxporation, shall N - eall meetings | of.the members to order and shal act as Chairman for such meetings." In the absenca of the President and a Vice: _ President of the Corporation,. the members present may appoint.a Chairman, The Secretary of the Corporation, or in his’ absence, _an Assistent ‘Secretary, shali act: as Secretary of all meetings of the members but in the absence of the Secretary or. Assistant Secretary, the presiding officer may appoint any person to act as Secretary of the meeting. . : - 7 Section 8. — At all meetings of nenbers, all questions,
n the absence of the Secretary or. Assistant Secretary, the presiding officer may appoint any person to act as Secretary of the meeting. . : - 7 Section 8. — At all meetings of nenbers, all questions, except those the manner of deciding which is otherwise expressly governed by statute, the charter of the Corporation or its By~ “- Laws or the. Restrictions shall be decided by a. .simpie majority of the votes of the members cast in person or by proxy at a meeting duly called with a quorum present. AlL voting shall be by voice,” except that upon the determination of the presiding officer of | any. meeting, .or upon the demand of any member or ‘his proxy, voting: on any question shall be by secret ballot. Each ballot | ABSEIVED DEC OD 4 Bir 9 SM Hee TET ET ttre et sanege Seperate eet ee pr yates pete pratt a en er tar pte ttcnene rr mnite og pein ger en pause pm nen Hines ne enter we See RNY PIR HO a tt a Yoh peat eS a ae ae eat Deen et en eens toes eminem sm nee | | i “shail be signed by the member voting or by his proxy. Cumulative voting for Directors is expressly prohibited. All voting shall be by members in person or by proxy as allowed by statute.
Section 96 Ingéitial Aétion, The Corporation may act with or without a "nesting, on any issue on which a vote of the members is required, by obtaining the written consent of members having .the requisite majority of all outstanding vote of members.
of the Corporation.
. ARTICLE VI Section Ae 7 Ths business and property. of ‘the Corporation .
shall ba managed and controlled by the Directors and subject to - the restrictions imposed by law, by the Articles’ of Incorporation of this Corporation, by these By-Laws or the. Restrictions en the property. The Directors may exercise all‘ of the powers of the Corporation. .
ctions imposed by law, by the Articles’ of Incorporation of this Corporation, by these By-Laws or the. Restrictions en the property. The Directors may exercise all‘ of the powers of the Corporation. .
The number of Directors initially, shall be three. The Directors may, by majority vote of its own nenbers, increase the numbar Directors to five (5) members. . The initial Directors as set forth in the articles of Incorporation shall serve for the.
. terms as set out in said Articles of Incorporation. — Upon the expiration of a Divector! s term, a ‘successor shall be elected for a term of. three years at the annual meeting of the members of the Corporation. Each’ Director shall be elected to hold office and serve for three years or until his successors shall be elected, and shall duly qualify. Any Director may be removed from the Board for cause, by a vote of a majority of the votes entitled to be cast by those members present in person or represented by ; proxy at a.meeting of the members at which a quorum is--present.
In the event of death, resignation. or removal of .a Director, his successor shall-‘be- selected by thea ‘remaining members of the Directors and shall serva for the unexpired term of his predecessor. whe Directors need not be members of the Corporation. 7 , , Section 2. The Directors may. hold theix’ meetings and heve offices and keep the books of the .Corporation, except as — BRGEIVED DEC 0 4 (192.168.50.15 HA ve39652.026.
Title Data Seppe creep ater eter mee retirees smeiee peep tc engine ne aE etn a spare Semen RN TP PAN net Meteo nye ed pete ret tn ew eee net «gemma eT TT Ty rere rem prema sia: metetabapaad me & eatin mere 9 oe se memmmmmeremermny otherwise provided by statute, at the office of the Corporation.
P PAN net Meteo nye ed pete ret tn ew eee net «gemma eT TT Ty rere rem prema sia: metetabapaad me & eatin mere 9 oe se memmmmmeremermny otherwise provided by statute, at the office of the Corporation.
' section 3; _ No Director shall receive compensation for any. “service he may render to the Corporation. However; any Director may be ‘reimbursed for his actual "reasonable ‘expenses lee agen ew eqyper ees ao oder aed Unteetegeten eae dncurred in the performance of his duties.
Section 4, At the first mesting of the Directors in each sep ys eee merrier tee ‘year at which a quorun is present, the Directors shail proceed to the election of the officers of thea Corporation. No notice or 24 teen pene we " waiver. of notice of any such first meeting shall be required or “necessary ‘it it is. -heid- immediately after either the annual meeting or the. adjourned annual maeting of the’ members, and any and all business of any nature or character may ‘ba transacted at such first meeting. _ , _ Section 5. Regular meetings of the Directors shall be held at such time ‘and place as shall be designated, -from time to time, by resolution of the Directors: Notice of such regular meetings shall not be required. Section 6, : Special meetings of the Directors shall be heid whenever called by ‘the President,. Vice President, Secretary pap etl Oey aang ee Hapa ate ener nels eH imma Ae pp ernie |e pesmyagne Some Bs or a majority of the Directors: in office, Notice of each special meeting shali be given by any officer of the Corporation by telegraph, mail, telephone or personal delivery to each Director at his residence or usual place of business at least two days + prior to the meeting, Unless otherwise indicated in tha’ notice thereof, any ‘and, all business may be transacted at a special .
irector at his residence or usual place of business at least two days + prior to the meeting, Unless otherwise indicated in tha’ notice thereof, any ‘and, all business may be transacted at a special .
meeting. - At any-meeting at which every Director shall be present, even though without any notice, any business may be transacted, , , _ Section 7. “whe majority of the Directors then in office shall constitute a quorum for the ‘transaction of business, but if at any meeting of the Directors there be less than a quorum ep aig teen ae i fd NOES Ram BO AENGNEENER Foe 8 98m TH present, the majority of those present may adjourn the meeting from time to time without notice,” other than by announcement at the meeting, until a quorum be present or in attendance thereat, = Premio te pare ne ie ‘The act of-a majority of, the Directors present at a meeting at CEIVED DEC 0 4 1868 IT Le ranmie pepe or Title Data TX 192.168. 50. 15 HA 639652.027 fa ft N — as iSs49o— Title Data TX which a quorum is in attendance shall constitute the act of the Directors, except as otherwise provided by law, the’ charter of . the Corporation,- or by these By-Laws or the Restrictions.
. section 8. «At. Hiéwtings of the Directors, business shall be transacted in euch order as fron tima to time, the Directors may determine, At all meetings of the Directors, the President shall preside, and in the absence of. the President, a Chaixman > shall be chosen from the Directors present. The Secretary of the Corporation shall act as Secretary: of “all meetings of the nirectors, but in ‘the absence of the Secretary, the presiding officer may appoint any person to .act ag. Secretary.of the meeting. .
Section 9. | No Director or officer of the Corporation
ings of the nirectors, but in ‘the absence of the Secretary, the presiding officer may appoint any person to .act ag. Secretary.of the meeting. .
Section 9. | No Director or officer of the Corporation shall ba required to devote his” time or render services exclusively to the Corporation. - | Each Director and Officer of the Corporation shall. ‘be free to engage in any and, all other businesses’ and activities either similar or dissimilar to the business of the Corporation without liability to the Corporation, Likewise, each and every Director and Officer of the Corporation, may become a Director or Officer of.; any “other corporation or corporations, entity or entities, whether or not the purposes of “the ‘Other corporations conflict with tha business or activities | of the Corporation, without breach of duty to the Corporation or its members and without liability of any. character or description to the Corporation | or its members.’ No contract or other transaction of tha Corporation shall ever be affected by the fact .
that any Director or Officer of the Corporation is interested in, or connected with any party to ‘such contract oer transaction, or is party to- such contracts or transactions, provided that - such contract ‘ox transaction shall be present at a esting of the Directors at which such contract oar transaction Shall be authorized or confirmed.
RECEIVED DEC 0 4 84 PE TE TT meri aes weep! aemepviee ae mere even een co Dees eeewnny ramageoer een ae grrr cae, enpeady Oe SETHR T E RHEE & 8 eee eg ee TS are open ie 4 = pane pin means Ee na a sito ar Title Data ARTICLE vrx Section 2. The officers of - the } Corporation shall be a _ President (who shall be ; a Director), one or more Vice Presidents, a Treasurer, a Secretaiy and auch other officers including but
TICLE vrx Section 2. The officers of - the } Corporation shall be a _ President (who shall be ; a Director), one or more Vice Presidents, a Treasurer, a Secretaiy and auch other officers including but not limited to one or more assistant secratarias and one or more assistant treasurers, as the Directors may from time to time - elect or appoint. Any two or more offices may be held by the same person, except the office of President and Secretary. All officers shall be subject to removal, , with ocr without cause, at "any time, by vote of a majority of the Directors. A vacancy in the office of any officer shall be filled by a-vote of a majority of, the Directors then in the office.
Section’ 2, - The President, subject to the control of the Directors, - shall be in genera’ charge of the affairs of the Corporation in the ordinary course of its business; he shall preside at all meetings of the members and of the Directors; he > may when. authorized to do so by the Directors meke, ° “Sign and ‘execute ail deads, conveyancss, assignments, bends, contracts and other obligations and any and all other instruments and papers of any” kind or character in the. name of. the Corporation; “and, he’ shall ‘do and perform such other duties as may from time: to time be essigned to him by the Directors. 7 Oe ; Section 3. . Each Vico President shall have the usual ‘powers and duties pertaining to his office together with such other powers and duties» as may be assigned to chim by the Directors, and the’ Vice President shall ‘have and oxercise the powers of the President during, the officer' s absence or inability to act. Any action taken by a Vice President in the performance of the ‘duties of the President: shall be conclusive evidence of
the powers of the President during, the officer' s absence or inability to act. Any action taken by a Vice President in the performance of the ‘duties of the President: shall be conclusive evidence of the absence or inability to act of the President at the time such action was taken.
Section 4. Phe Treasurer shall have custody o£ ail the "funds and securities of the Corporation which come ‘into his hands. When necessary or proper, he may endorse, on behale. of: the Corporation,” for. collection, checks, notes’ and other ECENED DEG 0 4 1980 ree ey fe On ty pt tnt a FE A ee re a ee neg ielemeney year aenpmiege pet patentee sar papas Tanke appar ne ep meee we tee ee ge 2 nye py emer ap me Pan Be rete reat aipaen Santali Lhe a a a 9652.029 a 192.168.50.15 HA V639652.029 Title Data TX ‘ obligations and shall deposit the same to the credit of the Corporation in such bank or banks or depositories as shall be _ designated in the manner described by the Directors; ha may sign all receipts and vouchers for payments made ta the Corporation, either alone or jointly with such officer as is designated by the pirectors: whenever required by the Directors, he shall sender a ‘statement of his cash account, he shall’ enter or cause to be entered. regularly on the books, of the Corporation to be kept by “him ‘for that purpose full and accurate accounts of all moneys received and paid out on account Of, the Corporation; he at all reasonable times, shall exhibit fils books and accounts to any Director of: the - Corporation during: business hours; he shall perform all acts incident to the position of Treasurer subject to, ‘the control ‘of the. Directors; he ‘shall, ‘af required by the Directors, give such bond “for the faithful - discharge of his
shall perform all acts incident to the position of Treasurer subject to, ‘the control ‘of the. Directors; he ‘shall, ‘af required by the Directors, give such bond “for the faithful - discharge of his duties in such form, as the Directors may ‘require.
Section 5a: Each Assistant Treasurer shall have the usual powers and duties pertaining to his office, together with such other powers and duties as may be’ assigned to him by the Directors and tha Assistant Treasurer shall axercise the powers of the Treasurer curing ‘that Officer's. absence or inabi1ity to act, . , Section 6. . ‘The ‘Secretary shall -keep the minutes of ali meetings of the Directors and the minutes of all ‘meetings of the members in’ books provided for that ‘purpose; he shall attend ta _ the ‘giving. and serving of all notices; -he may sign with the President or’ a Vice President in the name of the Corporation on all. contracts, conveyances, transfers, assignments, | - authorizations and other instruments of the Corporation and affix the seal of the Corporation thereto. He shall have charga of and maintain and keep such books and papers ag “the Directors may ‘dizect, all “o£ which shall at all reasonable times be open to the inspection of any Direactor,. member of the Corporation, or any holder of'a first mortgage on any Living. unit, Tract or Lot upon request at -the office of the Cozporation during business hours 10° ‘AEORIVER Of pC 0 4 1931 mpepeqeagpatemanees meee nine cepa pat pape eet lene FT TI Ptr rere ape ete ere Te ate mn ttre net ane mamma en pie pia aera gap tee tang pa Ree ee i ae deiemas Leateag-en | coop ites epimers eppreemnmgeyaercera ny meeepaferman wet Suepaeee sagt mae mane pane meee Bap ea Title Data ox od
n ttre net ane mamma en pie pia aera gap tee tang pa Ree ee i ae deiemas Leateag-en | coop ites epimers eppreemnmgeyaercera ny meeepaferman wet Suepaeee sagt mae mane pane meee Bap ea Title Data ox od and he shall in general, perform all duties incident to the Office of Secretary subject to uhe control of the Directors.
Seotion 7. — - Bach assistant Secretary shall have the usual powers and. duties pertaining to the office, together’ ‘with such other: powers and duties as may be assiqned: to ‘such officer by. the - , Directors, and the Assistant Secretaries shall exercise the’ ‘powers of the Secretary during that Officer's absence or inability to act. i ARTICLE VIII - Section 1. The Directors, except as these By-Laws.
' otherwise provide, may authorize any ‘officer or officers; agent ox agents» acting, by committee or otherwise, in the name of and on bahalf of the Corporation, to eriter inte any contract or execute and deliver ° any instrument, or do such other things as : the Directors may from time: to time direct and such authority may be general ‘or confined to specific instances; and, unless so authorized by the Directors or expressly authorized by the ByLaws; no officer or agent or employee Shall’ have any power or authority to bind’ the Corporation by any contract or engagement or to pledge its oredit or to vender it liable pecuniarily for.
. any’ purpose or to any “amount.
Section 2. No loan shall .be contracted on behalf of the Corporation, and no ) negotiable papers shail be issued'in its nana: unless authorized by" the vote' of. ‘the Directors.
; Section 3. — ALL checks, drafts and other orders © for the payment of money ‘out of the funds ef the Corporation, “and all notes or other evidences ‘of indebtedness of the Corporation shall
rectors.
; Section 3. — ALL checks, drafts and other orders © for the payment of money ‘out of the funds ef the Corporation, “and all notes or other evidences ‘of indebtedness of the Corporation shall be ‘signed on behalf Of ‘the Corporation and in: such manner as ‘ shall from time to time be determined by resolution of ‘the: Directors, Section A. All funds of the Corporation not otherwise employed shall ‘be deposited from time to time to the credit of" the Corporation in such banks or other depasitories as the e Directors may select and .for the purpose of such deposit the’ ' President, Vice President; the Treasurer, the Secretary, or any il HESRr es Py EG G4 . ie \ '192.168.50.15 HA V639652.031Mpraen pee Spree eee ene an preety a erty ery me pan ep mn I YP fe eh BRN ESHA et Henan re cone gern eaten ree meneame pean aapyenan att + apa enp: Gen eee ep fines ease ny amen oe i ni atte cae iat terete J Title Data other officer or agent or employes’ of the Corporation to whom such power may be delegated by the Directors, may endorse, assign and deliver. checks, drafts and other orders for the payment af money which are payable to the order of the Corporation.
Section 5. ‘The Directors, within ninety (90) days of the - £iscal year end, shall cause to be prepared, and shail make -available to any owner or first mortgage holder, annual audited financial statements of the Corporation.
ARTICLE IX Section 1. . The fiscal year of the Corporation shall end at midnight on. ‘December 31 of each calendar year.
Saction 2... “the seal of the Corporation shall ba eircular in form and have ingeribed thereon the name of the Corporation. Section 3. Whenever any notica whatever is required to'' ‘-be given under the provisions of these By-Laws, said notice shall
eircular in form and have ingeribed thereon the name of the Corporation. Section 3. Whenever any notica whatever is required to'' ‘-be given under the provisions of these By-Laws, said notice shall be deemed to be sufficient if given by depositing tha same in a ‘post office box. in a sealed, post-paid wrapper addressed to the - person entitled thereto at his post office address, as it appears on the books of the Corporation, and such notice shall be deemed to hava been given on the day of such mailing. A waiver of ; notica, whether before or after -the time stated therein, shall be deemed equivarent to notice.
, Section 4, Any Director or Officer may resign at any time, Such resignation shalt be made in writing “and shali take effect at the time specified therein; or, if no time be.
specified, at the ‘time of its xeceipt by ‘the President or Secretary. The acceptance ‘of the resignation shalt not be necessary to make Lt effective, unless expressly so provided in the resignation, ARTICLE X ‘Hach Director and Officer of the Corporation shail be . indemnified by the Corporation against any costs and expenses, " ineiuaing attorney! s fees actually and necessarily incurred in connection with the defensa of any civil, eriminal,.
administrative or other Claim, action, suit or proceeding 12 192.168.50.15 HA V639652.032 pe epeigep ttn ong meernnee epi een yeni nc mneye nee ee snp eee nights Tapeh meng mee te pe rate hn aay qe eee ae epee — de nntpe eget meetin cteeeacennne 4 ampenenetsnp panied = mines mepnpteny sD Qiagen am it mms eee ape te my ns | ty ee wre Lo — aS oe Title Data 192.168.50.15 HA V639652.033_ (whether by or in the right of the Corporation or otherwise) in “which he may become involved or with which he may be threatened,
my ns | ty ee wre Lo — aS oe Title Data 192.168.50.15 HA V639652.033_ (whether by or in the right of the Corporation or otherwise) in “which he may become involved or with which he may be threatened, by reason of his being “or having been a Director or officer of the Corporation, and against any payments in settlement of* any such claim, action, suit or proceeding er in satisfaction of any related judgment, fine or penalty upon receipt by the Corporation of any opinion of independent legal counsel that he acted in good faith and in a manner he ressonably believed ta be in or not ‘opposed to the interest of the Corporation, ‘and in respect ‘of" any criminal action, xeasonably . believed ‘that his conduct was lawful, The termination of any action, suit or proceeding by judgment, ‘order, settlemant, conviction or.-upon a plea of nolo contendere or its equivalent, shall not, ‘of itself, create a presumption that the pirector or Officer did not act. in good _ faith and in a ‘manner “he seasonably ‘believed to be in or not opposed to the best interest of the Corporation, and in respect .
of any criminal action or proceeding, did not reasonably believe “his conduct was lawful. The foregoing right of indemnification shall not be deemed axclusiva of any rights to which any Director or officer may be entitled under any other By~Law, agreement vote .
of disinterest pirector, as a matter of law or otherwise, both as to action in his official capacity . and as to action in another capacity while holding such office and shall continue as to a _ person who has ceased to be a ‘pirector or Officer and shall inure to the benefit of the heirs, executors and administrators of such a person. .
Notwithstanding the provisions ef thea preceding
to a _ person who has ceased to be a ‘pirector or Officer and shall inure to the benefit of the heirs, executors and administrators of such a person. .
Notwithstanding the provisions ef thea preceding paragraph, no person shall be entitled to indemnification pursuant thereto in relation to ‘any matter as to which indemnification shell not be permitted by law., The corporation may purchase and maintain insurance on behalf of any person who is or Was da Director or Officer of the Corporation against any liability. asserted against ‘him and incurred by him in any such capacity, or arising out of his status eas such, whether or not the Corporation would have the 13.
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say oat 9 Senn endl power ts indemnify him against such liability under the preceding -provisiona of this Article or applicable provisions of law.
"ORRETCLE XI ; These By-Laws nay be amended - by a written’ vote’ of a . inajority of the -votes entitled to be cast. by the members of the Corporation at- any annual ‘meeting of the members, or if notice of a proposal to amend these By-Laws and’ the respect in which proposed to be amended is given in any call of a special meeting , of members, at such special meeting, or by any writing signed by members - entitled to cast a majority. of the votes, ; Provided and on condition that the power to amend the’ = By-Laws shall have been delegated to the Directors of the . Corporation by the members of the Corporation, then these By-Laws may also be amended by the Directors of. the Corporation at any SITS
he’ = By-Laws shall have been delegated to the Directors of the . Corporation by the members of the Corporation, then these By-Laws may also be amended by the Directors of. the Corporation at any SITS annual meeting of the Directors, or, if notice of a proposal to ” amend these By-Laws and the respect’ in which proposed to be amended is given in any sail of a special meeting of the Directors, at such species’ meeting. a Provided also that nothing herein. shall authorize the ménbers or the Directors’ to alter or amend any of the By-Laws “in ; conflict with the provisions of the Restrictions applicable to’ the PROpOCEY.
The words "amend" and "amended®. shall be broadly CTT ee pron pe ory emer te interpreted to include alterations, modifications, additions and repeal, in whole, or in part.
shall supercede and replace in its entirety any previous By-Laws ; of tha Corporation, Such actig m is hereby taken and approved on this the ZZ day of DIRECTOR . tt PRAIHON KEREBI HAIGH GESYRICTS THE SEE RENTAL, OH USE OF THE DESCHIOED REAL , ‘ .
~ PROPERTY BECMITE OF COLOA OR RAGE & BYALID ANO VRERFORCERBLE GHDER FEDLAAL LAY, ; . so, eat vr OR UARRIS : . . DIRECTOR.
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COUNTY CLERK i ARLORDER' 8 evorasoun HARRIS COUNTY, TEXAS AT THE TIME GE RECORDATION, Ting 988) INSTRUMENT Was sas) FOR THE BEST.PH oroan A BRANADEdUR pe Tt poicregs rapes is "wecaemerrers- umnester etredalid rustlers BECAUSE OF egigiyy: (ger) 1GTION re PHOTO CaPy, PISCOLORED nv fm ete scnenei ee irrinemh iy eerie San ros i
EST.PH oroan A BRANADEdUR pe Tt poicregs rapes is "wecaemerrers- umnester etredalid rustlers BECAUSE OF egigiyy: (ger) 1GTION re PHOTO CaPy, PISCOLORED nv fm ete scnenei ee irrinemh iy eerie San ros i Title Data TX 192.168.50.15 HA V639652.034