| BYLAWS OF
TURTLE CREEK HOME OWNERS
ASSOCIATION, INC.
BYLAW I.
OFFICES
The principal office of the corporation shall be in the home of the
duly elected President who shall
also serve as the registered agent of the Corporation.
BYLAW II.
PURPOSES AND OBJECTS
An amplification of the purposes for which the corporation has been
formed as set forth in the
Articles of Incorporation, the purposes and objects are as follows:
(A) To
promote and develop a community for safe, healthful and harmonious living.
(B) To promote the
collective and individual property and civic interest and rights of all
persons, firms and corporations owning property in Turtle Creek to the City of
Broken Arrow, Oklahoma.
(C) To care for the improvements and
maintenance of the gateways, public easements,
parkways, grass plots, and any facilities of any kind dedicated to the community use
and other open spaces and other ornamental features of the above described
subdivision known as Turtle Creek, which now exist or which may hereafter be
installed or constructed therein.
(D) To cooperate with
the owners of all vacant and unimproved lots and plots now
existing that hereafter shall exist in the tract in keeping them in good order and
condition, in preventing them from becoming a nuisance and a detriment to the
beauty of the tract and to the value of the improved property therein, and to take any
action with reference to such vacant and unimproved lots and plots as may be
necessary or desirable to keep them from becoming such nuisance and detriment.
(E) To aid and
cooperate with the members of this corporation and all property owners
in the tract in enforcement of such conditions, covenants, and restrictions on and
appurtenant to their property as are now in existence as well as any other conditions,
covenants, and restrictions as shall hereinafter be approved by a majority vote of the
members of the corporation, and to counsel with the Planning Commission and City
Council of Broken Arrow, Oklahoma, having jurisdiction in relation to any zoning
that may affect any portion of the subject property.
(F) In general, but in
connection with the foregoing, to do any and all things necessary
to promote the general welfare of the residents and owners of any portions of Turtle
Creek and their property interests therein.
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(G) To acquire, own or lease such
real and personal property as may be necessary or
convenient for the transaction of its business and the fulfillment of its purposes and
objects, and to exercise all rights, powers and privileges of ownership to the same
extent as natural owners might or could do.
(H) To arrange social
and recreational functions for its members.
(I) To exercise any
and all powers that may be delegated to it from time to time by the
owners of real property in the tract.
(J) This corporation
shall not engage in any venture of any kind or character for gain or
profit.
BYLAW III.
MEMBERS
(A) Class of
Members. The corporation shall have one class of members. The
qualifications and rights shall be as follows:
(1) Every beneficial owner, as distinguished from a security
owners, as a
residential unit in Turtle Creek Addition, being a Subdivision in the County
of Tulsa, State of Oklahoma, as herein particularly described, shall be a
member.
(2) Membership shall include an undertaking by the applicant to
comply with
and be bound by the Articles of Incorporation, these Bylaws and amendments
thereto, and the policies, rules, and regulations at any time adopted by the
corporation in accordance with these Bylaws. Membership shall be
accompanied by payment of the first year's dues in advance.
(3) Membership in this corporation shall terminate on such member
ceasing to
be a beneficial owner of a residential building site, lot or unit in or on the
property described herein or failure of the member to pay the dues.
(B) Voting Rights
Each member in good standing shall be entitled to vote on each
matter submitted to a vote of the members, provided, however, that each member
shall be the sole beneficial owner of a residential building site or residential unit in
Turtle Creek. A member shall have one vote irrespective of the number of residential
building sites of which he is the beneficial owner. At membership meetings all votes
shall be cast in person, or by proxy registered with the secretary.
BYLAW IV.
MEETINGS OF MEMBERS
(A) Annual Meeting.
An annual meeting of the members for the purpose of hearing
reports from all officers and standing committees and for electing directors shall be
held in the County of Tulsa, State of Oklahoma during the first week in April of
each year, beginning with the year 1979. The time and place shall be fixed by the
directors.
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(B) Regular
Meetings. In addition to the annual meetings, regular meetings of the
members shall be had at such time and place as determined by the Board of
Directors, provided, however, that there shall be no regular meetings held during the
months of June, July, August, and December.
(C) Special
Meetings. A special meeting of the members may be called by the Board of
Directors. A special meeting of the members must be called within twenty (20) days
by the President, or the Board of Directors when requested by not less than two-
thirds (2/3) of the members having voting rights.
(D) Notice of
Meetings. A notice stating the place, day and hour of any meeting shall
be posted at each of the two East entrances and the North entrance to Turtle Creek
at least 10 days preceding the meeting.
(E) Quorum.
The members holding fifty-five percent (55%) of the votes that may be
cast at any meeting shall constitute a quorum at any meeting of the members. A
quorum may be declared by the Chairman if approved by the Board of Directors and
those members present. In the absence of a quorum, a majority of the members
present may adjourn the meeting from time to time without further notice.
(F) Proxies.
At any meeting of the members, a member entitled to vote may vote by
proxy executed in writing and delivered to the Secretary or appointed member of the
Board. No proxy shall be valid after three (3) months from the date of its
execution,
unless otherwise provided in the proxy.
BYLAW V.
BOARD OF DIRECTORS
(A) General Powers.
The affairs of the corporation shall be managed by the Board of
Directors, subject to instructions of the members of the corporation at a regular
meeting, or subject to approval of the membership as expressed by vote of
membership.
(B) Number, Tenure
and Qualifications. The number of directors shall be seven (7).
These directors shall be members of the corporation and shall hold office for one (1)
year or until their successor shall have been elected and qualified.
(C) Regular
Meetings. The Board of Directors shall meet regularly the first week of
each quarter at a time and place it shall select.
(D) Special Meetings.
Special meetings of the Board of Directors may be called by or
at the request of the president or of a majority of the directors.
(E) Notices. Notice of
any special meeting of the Board of Directors shall be given at
least three (3) days prior thereto, by written notice delivered personally or sent by
mail
to each director. Any director may waive notice of any meeting.
(F) Quorum. A majority
of Board of Directors shall constitute a quorum for the
transaction of business at any meeting of the Board, but if less than a majority of the
directors are present at said meeting, a majority of the directors present may adjourn
the meeting from time to time, and without further notice.
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