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, <br />� <br />Section Eiaht Procedures for the Adoption and Amendment of Policies. Procedures and Rules. The procedures for the <br />' amendment of the Declaration of Covenants are set out in the Declaration of Covenants, Section 17. The Bylaws may be changed <br />by the board of directors at any meeting of the board of directors, as the need shall arise except as noted below; however these <br />amendments must be approved by a majority vote of those members present and represented in proxy at the next annual meeting or they <br />will become ineffective as of the date of the annual meeting. The board of directors shall not be held liable for any damages <br />resulting from any changes they make to the Bylaws that are within their authority but not subsequently approved by the SOA general <br />' membership, unless such action can be shown to be willful and wanton. The board shall not have the power to amend the Bylaws in <br />regards to SOA voting rights or procedures. Voting rights and procedure Bylaws can only be changed by a two thirds (2/3) majority of <br />votes cast at a regular called SOA general membership meeting. <br />' <br />' <br />� <br />� <br />Section Nine Board Education. The Board of Directors may authorize, and account for as a common expense, <br />reimbursement of Directors for their actual and necessary expenses incurced in attending educational meetings and seminars on <br />responsible govemance of unit owners= associations. The course content of such educational meetings and seminars shall be <br />specific to Colorado, and shall make reference to applicable sections of the Colorado Common Interest Ownership Act. <br />Section Ten Owner Education. The Association shall provide, or cause to be provided, education to owners at no cost on <br />at least an annual basis as to the general operations of the Association and the rights and responsibilities of Members, the <br />Association, and its Board of Directors under Colorado law. The criteria for compliance with this section shall be determined by the <br />Board of Directors. <br />FISCAL YEAR: the fiscal year shall be June 1 through May 31. <br />, <br />' President <br />, Vice President <br />' <br />u <br />' <br />' <br />' <br />, <br />� <br />� <br />Secretary <br />Treasurer <br />Member at Large <br />' <br />