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' <br />, <br />C <br />� <br />� <br />' <br />' <br />' <br />1_ l <br />' <br />�] <br />� <br />�l <br />' <br />�_J <br />' <br />' <br />' <br />BYLAWS, RULES AND REGULATIONS <br />OF THE STAGESTOP OWNERS ASSOCIATION <br />As accepted by General Membership June 2008 <br />The foilowing Bylaws, Rules and Regulations ("Rules") of the Stagestop Owners Association ("SOA") supplement the <br />Declaration of Protective Covenants for the Stagestop Subdivision in order to implement the Colorado Common Interest Ownership <br />Act, C.R.S. ' 38-33.3-101 et seq., as recently amended. <br />1. NAME, ADDRESS AND MEETING PLACE: The name of the corporation is the STAGESTOP OWNERS ASSOCIATION INC. <br />hereinafter referred to as SOA. The mailing address is 493 Stagestop Rd. Box SS D-5 Jefferson Co. 80456. Meeting place will be <br />designated by the Board of Directors. <br />2. PURPOSE AND RESPONSIBILITY: The purpose for which the corporation is organized shall be to organize and operate <br />recreational and social facilities and activities exclusively for members of the SOA, their families and guests. In carrying out these <br />purposes, SOA shall accept title to land and facilities for social and recreational uses and activities, control and maintain said areas, <br />establish rules for the use and enjoyment of the areas, and shall take other action as shall be consistent with the purpose of the <br />corporation. <br />3. MEMBERSHIP: Any person, persons or entity purchasing property within Stagestop development automatically becomes a member <br />of SOA when the agreement for the sale and purchase of property is accepted by both purchaser and seller. This is the sole <br />requirement for said membership. Each tract or separate parcel of unsubdivided Stagestop land represents one membership unit. <br />Membership is appurtenant to and may not be separated from ownership of property. <br />4. SUSPENSION OF MEMBERSHIP RIGHTS: If a member is in default in payment of dues/assessments levied by SOA, he may not <br />vote nor use the common areas and also may be suspended, after notice and hearing, for violation of rules and regulations <br />goveming the common areas and facilities. The length of time of such suspension shall be at the discretion of the Board of Directors. <br />5. RIGHTS: Each member and all members of his immediate family shall be entitled to the use and enjoyment of the common areas <br />and facilities. Upon sale of the property by Deed or Contract, said membership passes to the new owner with all rights, privileges and <br />obligations. The old member will notify the Secretary of the SOA in writing of the name and address of the new owner. <br />ARTICLE ONE: MEMBERS AND MEMBERS MEETINGS <br />Section One. Annual Meetinas. Annual meetings of the Members shall be held on or about June 15 of each year. At such <br />meetings there shall be elected by secret ballot of the Members a Board of Directors in accordance with the requirements of the <br />Declaration and the Bylaws. Ballots shall be counted by a neutral third party or by a Member who is not a candidate, who attends the <br />meeting at which the vote is held, and who is selected at random from a pool of iwo or more such Members. The results of the vote shall <br />be reported without reference to the voters names, addresses, or other identifying information. <br />PROXIES: Members mayvote in person or by proxy at all meetings. Proxies will be in writing and sent to the secretary <br />or another voting member prior to the meeting. If a proxy is given to a board member that board member has the right to use that proxy as <br />he/she sees fit. Proxies cannot be transferred to non-members. <br />Ug ORUM: One half of the total membership shall constitute a quorum whether in person or by proxy vote. The <br />board of directors shall have the right to vote those votes of inembers who are not represented either in person or by proxy at any <br />SOA general membership meeting including the annual meeting. These votes must be cast in the portion as the votes of the SOA <br />members present and represented by proxy. The purpose of this paragraph is to assure a quorum at any SOA meeting, but at the <br />same time to assure the rights and privileges of the SOA membership. <br />Section Two. S�ecial Meetinas. Special meetings of the Members may be called by the president, by a majority of the <br />Board of Directors, or by Members having twenty percent of the votes in the Association. <br />Section Three. Notice of Meetinqs. Not less than ten (10) nor more than fifty (50) days in advance of any meeting of the <br />Members, the Secretary shall cause notice to be hand delivered or sent prepaid by United States maii to the mailing address of each <br />Property or to any other mailing address designated in writing by the Member. In addition, the notice of any meeting shall be <br />physically posted in a conspicuous place, to the extent that such posting is feasible and practicable. The Secretary may post the <br />notice of ineeting on a web site in addition to such printed notices. If electronic means of notice are available, the Secretary shall <br />provide notice of all regular and special meetings of Members by electronic mail to all Members who so request and who furnish their <br />electronic mail addresses. Electronic notice of a special meeting shall be given as soon as possible but at least twenty-four (24) <br />hours before the meeting. The Secretary shall provide an affidavit to be included in the official records of the Association, affirming <br />that notices of the Members meetings were provided in accordance with this provision, to each Member at the address last furnished <br />the Association. <br />Section Four. Minutes. Minutes shall be taken at all meetings of inembers. The minutes shall be kept as permanent <br />records and available for inspection and copying as provided in Rules Article Five. <br />Section Five. Partici�ation at Meetinps. All meetings of the Members are open to every Member, or to any person <br />designated by a Member in writing as the Member's representative, and all Members or designated representatives so desiring shali <br />be permitted to attend, listen and speak at an appropriate time during the deliberations and proceedings. The Board may place <br />reasonable time restrictions on those persons desiring to speak during the meeting but shall permit a Member or Member's <br />representative to speak before the formal action is taken on an item under discussion, in addition to any other opportunities to speak. <br />The Board shall provide for a reasonabie number of persons to speak on each side of an issue. Not withstanding these principles, if <br />' <br />