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<br />., <br />.,- <br />, , <br /> <br />:~.~.;.. oJ <br />O?F <br />,i <br /> <br />. <br /> <br />,,'. <br /> <br />ARTICLE X <br /> <br />Periodic Assessments <br /> <br />The Board shall fix, levy and collect assessments in <br />the manner and for the purposes specified in the protective <br />cove~ants and the members shall pay assessments as therein <br />prov~ded. <br /> <br />ARTICLE XI <br /> <br />Aoe~c=e~t of By-L3.s <br /> <br />1. Amendment by the Members. These By-Laws may be <br />amended by the members of the Association present or repre- <br />sented by proxy at any regular or special meeting, provided <br />that a quorum as prescribed in Article III herein, is present <br />at any such meeting. Amendments may be proposed by petition <br />signed by at least twenty-five percent (25%) of the members. <br />A statement of any proposed amendment shall accompany the <br />notice of any regular or special meeting at which such <br />proposed amendment shall be voted upon. These By-Laws may <br />not be amended insofar as such amendment would be inconsistent <br />with the protective covenants. <br /> <br />2. Amendment by the Directors. The Board of Directors' <br />of the Association by a majority vote of all of the Directors? <br />of the Association, may amend or alter the By-Laws of the <br />Association at any regular meeting or at any special me~~ng. <br />The statement of any proposed amendment shall accompany <br />notice of any regular or special meeting at which such <br />proposed amendment shall be voted upon. These By-Laws_may <br />not be amended insofar as such amendment would be inconsistent <br />with the protective covenants. <br /> <br />IN WITNESS WHEREOF, the undersigned have ~ereunto set <br />their hands and seals this J 7 w:.. day of IJO.'FMf]f!t( <br />1978. <br /> <br />BOARD OF DIRECTORS <br /> <br />x <br /> <br /> <br />-:~.....~. <br />-.' <br /> <br />)( <br /> <br />- 9 - <br />