Bylaws

Bylaws Of Reflection Lake Community Association

TABLE OF CONTENTS

Article I Name of Organization Page 1

1.1 Name

1.2 Principal Office

Article II Purpose of Organization Page 1

Article III Membership Page 1

3.1 Membership

3.2 Membership Passes

3.3 Membership Transfers

Article IV Dues Page 2-3

4.1 General

4.2 Annual Dues

4.3 Special Dues

4.4 Notice

4.5 Liens

4.6 Priority of RLCA Liens

4.7 Lien Enforcement

4.8 Penalties

Article V Board of Directors Page 4-5

5.1 Management Responsibility

5.2 Number and Qualifications of Directors

5.3 Initial Directors; Annual Elections

5.4 Term of Office

5.5 Vacancies

5.6 Removal

5.7 Resignation

5.8 Board of Directors’ Regular Meetings

5.9 Board of Directors’ Special Meetings

5.10 Waiver of Notice

5.11 Quorum

5.12 Adjournment and Notice

Article VI Board of Directors’-Powers Page 5-6

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Article VII Officers Page 6-7

7.1 Officers and Their Duties

  1. a) President
  2. b) Vice President(s)
  3. c) Secretary
  4. d) Treasurer

7.2 Term of Office

7.3 Removal and Resignation

Article VIII Policy and Procedures Page 8-9

Article IX Members’ Meetings Page 9-10

9.1 Annual Meetings

9.2 Special Meetings

9.3 Place of Meetings

9.4 Action Without Meeting

9.5 Quorum

9.6 Adjourned Meetings and Notice Thereof

Article X Voting Page 10

10.1 Voting

10.2 Proxies

Article XI Miscellaneous Page 11

11.1 Record Date

11.2 Inspection of Records

11.3 Checks and Drafts

11.4 Annual Accounting

11.5 Execution of Contracts

11.6 Inspection of By Laws

Article XII Amendments Page 12

Covenants Page 13-16

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BY-LAWS OF THE

REFLECTION LAKE COMMUNITY ASSOCIATION

(As Amended October 2003)

ARTICLE I – Name of the Organization.

1.1 Name. The name of this non-profit corporation is REFLECTION LAKE COMMUNITY ASSOCIATION, which shall be referred to hereinafter for convenience as the “Association.”

1.2 Principal Office. The principal office of the Association shall be P 0 Box 73, Elk, Washington 99009, located in the County of Spokane, State of Washington.

ARTICLE II-Purpose of Organization.

2.1 The primary purpose of the REFLECTION LAKE COMMUNITY ASSOCIATION shall be to further promote the common interests and to enhance the health, safety, and welfare of its members within the subdivided land area situated in Spokane County, Washington, known and to be known generally as Reflection Lake Addition and Reflection Lake First Addition referred to hereinafter for convenience as the “Subdivision” These two additions have merged and hereafter shall be known as “Reflection Lake Community Association.”

2.2 The Association shall do whatever is necessary, conducive, incidental or advisable to
accomplish and promote its purposes, except carrying on a business or trade for profit.

ARTICLE III – Membership

3.1 Membership. Membership shall be appurtenant to lots in the Subdivision and all persons who become owners thereof shall, by reason of such ownership, become and hereby are made members of the Association.

  1. a) Membership shall be limited to the owners of not less than one lot in the Subdivision. A lot held by any number of co-owners, shall qualify the owners for one membership only, to be issued in the name of the owner first listed on title unless otherwise directed. A lot held by a husband and wife in any form of joint ownership, including community property, shall qualify the owners for one membership only, to be issued in the name of the husband unless otherwise directed.
  2. b) Members shall be entitled to exercise all of the rights and privileges of membership and shall be subject to all of the obligations and liabilities thereof.
  3. c) The spouse and/or children of a member who also have the same residence as the member will have the same right as the member to the enjoyment of common areas.
  4. d) Ownership of more than one lot shall entitle the owner to all rights and privileges of membership and shall subject such owner to the liabilities and duties thereof. The Association may issue passes or other evidence of membership relating to each of such lots, however for the purpose of notice only, the Association shall consider such ownership as a single membership.
  5. e) Members and their guests shall have the use of the streets and parks in the Subdivision and any other property or facilities owned by the Association, subject to the provisions of the restrictive covenants of the various units of the Subdivision. Further, members and their guests’ use of the streets, parks or other property or facilities owned by the Association shall be subject to other rules that from time may be adopted by the Board of Directors and thereafter duly recorded.
  6. f) No overnight camping on access lots or Association common areas is allowed.
  7. g) It is the duty of members/owners to provide the Association’s Secretary with a current address Failure to do so shall result in mailings, communications and notices to be sent to the last known address.
  8. h) Members shall have the right to redress any hearing, of any grievance brought to the Board of Directors or to a grievance committee duly established by the Board of Directors. If a member pursues arbitration or legal redress, all costs to both the Association and the member, regardless of the outcome, shall be the sole responsibility of the complaining member.

3.2 Membership Passes. The Association may issue passes to members from time to time as the Board of Directors may deem necessary to assure proper control and identification. Each member shall be entitled to one guest pass per lot, which shall afford the holder of said pass, as well as the members of his immediate family access to recreational areas maintained by the Association.

3.3 Membership Transfers. The Association shall not be required to transfer memberships on its books unless the Subdivision lot(s) have been legally transferred, or to allow the exercise of any rights or privileges of membership on account thereof, by any member or any persons claiming under him, unless and until all dues and charges to which such membership is the subject of, have been paid.

ARTICLE IV -Dues.

4.1 General. The Association shall have the authority to levy uniform annual and special dues as herein set forth. All dues shall be paid to the Association as herein set forth below or shall be paid in installments, as may be determined by the Board of Directors.

4.2 Annual Dues. Each year the Board of Directors shall consider the current and future needs of the Association, and prepare a budget and in light of such needs, fix by resolution the amounts of annual dues for purposes other than capital improvements or acquisition, to be levied against each membership lot. Each such annual assessment of dues shall be the debt of the member at the time such levy is made. All dues are to paid by June* August 1st  unless other arrangements have been made. Delinquent accounts may be sent for collection and/or liens filed.

*Ammeded by member vote 2022 Annual Meeting

4.3 Special Dues. Special dues may be assessed by the Board of Directors upon a determination by the majority of the Board of Directors that such dues are necessary for capital improvements of the Association property, or for purposes related to the health, safety and welfare of the members. No special dues shall be levied without a hearing, for which at least twenty (20) days written notice of the hearing is given to all members. Such special assessment of dues shall be the debt of the members at the time such levy is made.

4.4 Notice. The Secretary shall mail to each member, at such member’s address of record, a written notice of the annual dues, including the date due; and amount of payment thereof, at least 14 days (two weeks) prior to the date such annual dues become due and payable. Further, the Secretary shall mail to each member, at such member’s address of record, a written notice of any special dues, including the date due; and amount of payment thereof, at least 14 days (two weeks) prior to the date such special dues become due and payable.

4.5 Liens. The amount of any assessed dues, including interest of 12% per annum from the date of delinquency, and costs of collection, including reasonable attorneys fees, if any, shall constitute and become a lien on the members’ lot(s) when the Board of Directors cause to be recorded with the office of the Spokane County Auditor’s Office, State of Washington, a Notice of Lien. The Notice of Lien shall state the amount of such assessed dues, costs of collection, including reasonable attorneys’ fees, if any, and a description of the calculated interest. Upon satisfaction of the lien, the Board of Directors shall cause to be recorded with the office of the Spokane County Auditor’s Office, a Satisfaction and Release of Lien.

4.6 Priority of Reflection Lake Community Association (“RLCA”) Liens. Liens filed and/or duly recorded by the Association shall have priority over all other liens recorded subsequent to said Notice of Lien, except those liens of first mortgages and/or of first deeds of trust incurred for the purpose of constructing a residence or other improvement thereon and which have been duly recorded in accordance with applicable law.

4.7 Lien Enforcement. The lien provided for herein may be enforced by sale of the members’ lot(s) by the Association and its attorney or other persons authorized to make the sale, after failure of the responsible party to pay and/or satisfy said lien. Such sale shall be conducted in accordance with the provisions of the State of Washington relating to the foreclosure of liens or in any other manner permitted by law.

4.8 Penalties. Any member, guest of a member or assignee of a member who violates the By Laws, covenants, or rules’ and regulations as established by the Board of Directors shall be subject to a monetary penalty (fine) as established by the Board of Directors. Failure to pay the penalty/fine within sixty (60) days may give rise to a Notice of Lien being duly recorded in accordance with applicable law on the members’ lot(s) and at the members’ expense.

 

ARTICLE V – Board of Directors

5.1 Management Responsibility. The Association shall have a Board of Directors, which shall be responsible for the exercise of all the Association’s powers. The Board of Directors shall manage the business affairs, and property of the Association.

5.2 Number and Qualifications of Directors. The Board of Directors shall consist of nine directors plus three alternates, all of whom shall be members of the Association for at least one year prior to being elected and current on dues. No reduction of the authorized number of directors shall have the effect of removing any director prior to the expiration of his/her term of office.

5.3 Initial Directors; Annual Elections. At the 1980 annual meeting of the members, three directors were elected for a term of three-years, three directors for a term of two-years, and three directors for a term of one-year. Thereafter directors shall be elected for a term of three years to succeed the directors whose terms expire at such annual meeting of the members. If for any reason any such annual meeting is not held, or the authorized number of directors are not elected thereat, the additional number of directors may, be elected at any special meeting of the members held for that purpose.

5.4 Term of Office. All directors shall hold office for a term of three years, until their respective successors are elected.

5.5 Vacancies. Vacancies on the Board of Directors may be filled by a majority of the remaining directors, even though less than a quorum, or by a sole remaining director. Each director so appointed shall hold office until his/her respective successor is elected at the annual or a special meeting of the members.

A vacancy or vacancies on the Board of Directors shall be deemed to exist in case of the death, resignation or removal of any director, or if the authorized number of directors be increased, or if the members fail at any annual or special meeting of members at which any director or directors are elected to elect the full authorized number of directors to be voted for at that meeting, or if a vacancy is declared by the Board of Directors for any reason permitted by law.

5.6 Removal. The members may remove one or more directors, with or without consent, only at a special meeting of the members called expressly for that purpose. The notice of the special meeting must state that the purpose of the meeting is to remove one or more directors.

5.7 Resignation. A director may resign at any time by delivering written notice to the President, the Secretary, or each member of the Board of Directors. The resignation shall take effect when the notice is delivered, unless the notice specifies a later effective date. The Association need not accept a resignation for the resignation to be effective.

If  the Board of Directors accepts the resignation of a director tendered to take effect at a later date, the Board of Directors shall appoint a successor, pursuant to the provisions hereof, to take office when the resignation is to become effective.

 

5.8 Board of Directors’ Regular Meetings. The Board of Directors shall hold their regular meeting the month immediately following each annual meeting of the members of the Association. The purpose of the Board of Directors’ regular meeting is for the purpose of organization, election of officers, and the transaction of other business. Call and notice of such Board of Directors’ regular meetings are hereby dispensed with. These meetings are open to all members desirous of attending. Members may express concerns, but will have no vote in the proceedings.

5.9 Board of Directors’ Special Meetings. Special meetings of the Board of Directors for any purpose or purposes may be held at any time upon call by the President, or, if he/she is absent or unable or refuses to act, by any Vice President or by any two directors. Such meetings may be held at any place designated from time to time by resolution of the Board of Directors or by written consent of a quorum of the Board of Directors.

A written notice of the time and place of special meetings shall be delivered personally to each director or sent to each director by mail or other form of written communication, charges prepaid, addressed to them at their address as shown upon the records of the Association. In case such notice is mailed, it shall be deposited in the United States-mail in the place in which the principal office of the Association is located at least forty-eight hours prior to the time of the holding of the special meeting. Such mailing or delivery as above provided shall constitute due, legal and personal notice to such directors.

5.10 Waiver of Notice. The transactions of any meeting of the Board of Directors, however, called and noticed or wherever held, shall be as valid as at a meeting duly held after regular call and notice, if a quorum be present, and if, either before or after the meeting, each of the directors not present signs a written notice or a consent to holding such meeting or an approval of the minutes thereof. All such waivers, consents or approvals shall be filed with the Association’s records or made a part of the minutes of the meeting.

5.11 Quorum. A majority of the authorized number of directors, five (5), shall be necessary to constitute a quorum for the transaction of business, except to adjourn as hereinafter provided. Every act or decision done or made by the Board of Directors at a meeting duly held at which a quorum is present shall be regarded as the act of the Board of Directors unless a greater number is required by law or by the Articles of Incorporation.

5.12 Adiournment and Notice. A quorum of the directors may adjourn any Board of Directors’ meeting to meet again at a stated day and hour. However, in the absence of a quorum, a majority of the directors present at any Board of Directors’ meeting, either regular or special may adjourn said meeting until the time fixed for the next meeting of the Board of Directors. Notice of the time and place of holding an adjourned meeting needs to be given to absent directors if the time and place is fixed at said adjourned meeting.

ARTICLE VI – Board of Directors’ Powers

General. Subject to any limitations of the Articles of Incorporation, or these By Laws, and of the General Non-profit Corporation Law of Washington, and subject to the duties of directors as prescribed by these By Laws, all corporate powers of the Association shall be exercised by or under the authority of, and be controlled by, the Board of Directors. Without prejudice to such general powers, but subject to the same limitations, it is hereby expressly declared that the Board of Directors shall have the following powers:

  1. a) To elect and/or remove any officers, agents and employees of the Association and prescribe such powers and duties for them as may not be inconsistent with Washington law, the Articles of Incorporation or these By Laws;
  2. b) To conduct and control the affairs and business of the Association and to make such rules and regulations, therefore, not inconsistent with Washington law, the Articles of Incorporation or these By Laws, as they may deem best;
  3. c) To change the principal office for the transaction of the business of the Association from one location to another within the same county as provided in ARTICLE I, paragraph 1.2, hereof;
  4. d) To designate the place for the holding of any members’ meeting or meetings;
  5. e) To adopt, make and use a corporate seal, and to prescribe the forms of membership passes and/or membership identification cards, from time to time, as in their judgement they may deem best;
  6. f) To appoint an Executive Committee and other committees, and to delegate to such Executive Committee any of the powers and authority of the Board of Directors in the management of the business and affairs of the Association except the power to adopt, amend or repeal these By Laws. Any such Executive Committee shall be composed of two or more directors.

ARTICLE VII- Officers

7.1 Officers and Their Duties. The Officers of this Association shall be a President,one or more Vice President, a Secretary and a Treasurer. The Board of Directors shall appoint the officers. The Board of Directors can and shall appoint other officers and assistant officers as the Board of Directors determines is necessary or advisable, or the Board of Directors may delegate that power to the President. One person may hold two or more offices, except those of President and Secretary. The following officers shall be appointed annually by the Board of Directors and shall have the duties indicated below:

  1. a) President. The President shall preside at all meetings of Board of Directors. The President shall have general supervision of the affairs of the Association, and shall perform such other duties incident to the office of President or are properly required of the President by the Board of Directors.
  2. b) Vice President(s). The Vice President(s) shall have the powers and perform the duties accorded to them by the Board of Directors, the Articles of Incorporation, these By Laws, or delegated to them by the President. In the absence or disability of the President, the Vice President(s) in order of their rank as fixed by the Board of Directors, or if not ranked, the Vice President designated by the Board of Directors shall perform the duties of the President. When so acting, the designated Vice President shall have all the powers of, and be subject to the same restrictions as the President. The Vice President shall order and shall keep a book of minutes from all meetings of the Board of Directors and all meetings of the members, with the time and place of holding, whether regular or special, and, if special, how authorized, the notice thereof given, the names of those present at the Board of Directors’ meetings, the number of members present or represented at members’ meetings, and the proceedings thereof.
  3. c) Secretary. The Secretary shall keep or cause to be kept, in any form permitted by law, at the principal office or such other place as the Board of Directors designate, a membership register, showing the names of the members and their addresses, the description and number of lots, if more than one, upon which such membership is based, the number and date of membership passes issued, if any and the number and date of cancellations of membership passes, if any, surrendered for cancellation.

The Secretary shall give, or cause to be given, notice of all meetings of the members and of the Board of Directors required by these By Laws or by law to be given, and shall keep the seal of the Association in safe custody, and shall have such other powers and perform such other duties as may be prescribed by the Board of Directors, the President or these By Laws.

  1. d) Treasurer. The Treasurer shall, under the direction of the Board of Directors, deposit all monies of the Association with such depositaries as are designated by the Board of Directors. The Board of Directors expressly delegate he/she the authority to sign all checks, along with one other member of the Board of Directors, and disburse the funds of the Association as may be directed by the Board of Directors, and shall render to the Board of Directors, upon request, statements of the financial condition of the Association. The Treasurer shall supervise any and/or all bookkeeper(s) engaged by Association for bookkeeping services.

The Treasurer shall keep and maintain adequate and correct books of account showing the receipts and disbursements of the Association, and an account of its cash and other assets, if any. Such books of account shall at reasonable times be open to inspection by any member or director.

7.2 Term of Office. Each officer shall hold their office until they resign or are removed or otherwise disqualified to serve. Officers may be appointed at any time by the Board of Directors for the purpose of initially filling an office or filling a newly created or vacant office. Officers shall be members of the Association for at least one year and current on dues prior to being appointed into office.

7.3 Removal and Resignation. Any officer may be removed by a majority of the directors in office at the time, at any regular or special meeting of the Board of Directors, whenever, in the judgment of the majority of the directors, the best interests of the Association will be served thereby. Any officer may resign at any time by giving written notice to the Board of Directors or to the President, or to the Secretary of the Association. Any such resignation shall take effect at the date of the receipt of such notice or at any later time specified therein, and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

ARTICLE VIII – Policy and Procedures.

1) To acquire real or personal property by gift, purchase or other means.

2) To own, hold, enjoy, lease, operate, maintain, convey, sell, assign, transfer, mortgage
or otherwise encumber or dedicate for public use, any real or personal property owned by it.

3) To exercise the powers and functions granted to it in the recorded restrictions of each unit in the Subdivision.

4) To construct, maintain and operate recreational facilities within the Subdivision.

5) To care for Association properties vacant, unimproved as well as unkempt lots.

6) To maintain, rebuild, repair, beautify and otherwise care for all streets within the
Subdivision not subject to maintenance by governmental authority or to contract for these
services with others.

7) To pay for taxes and assessments, if any, levied by any governmental authority on property owned by it.

8) To enforce charges, easements, restrictions and covenants, conditions and agreements
existing upon or created for the benefit of the real property in the Subdivision. 9) To prescribe and enforce where and when possible, Motor Vehicle speed limits
within the Subdivision. 10) To expend its moneys for the payment and discharge of all proper costs, expenses and
obligations incurred in carrying out all or any of these powers in furtherance of its purposes and objectives. 11) To contract and pay premiums for fire, casualty, liability and other insurance,
including indemnity and other bonds. 12) To contract and pay for maintenance, gardening, utilities, materials, supplies and
services relating to property or facilities owned or operated by it and to employ personnel
reasonably necessary for the administration of its affairs including legal counsel and
accountants. 13) To have and exercise all powers necessary or convenient to affect any or all of the
purposes for which the Association is organized.

 

14) To have perpetual succession by its corporate name unless a limited period of duration is stated in its Articles of Incorporation.

15) To sue and be sued, complain and defend, in its corporate name.

16) To have a corporate seal which may be altered at pleasure, and to use the same by causing it, or a facsimile thereof, to be impressed or affixed or in any other, manner reproduced.

17) To lend money for its corporate purposes, invest and reinvest its funds, and take and hold real and personal property as security for the payment of funds so loaned or invested.

18) To make and alter its By Laws, not inconsistent with its Articles of Incorporation or
with the laws of this state, for the administration and regulation of the affairs of the Association.

19) To indemnify any director, officer, former director, or officer of the corporation, or any person who may have served at its request as a director or officer of another corporation, whether for profit or not for profit, against expenses actually and necessarily incurred by him in connection with the defense of any action, suit or proceeding in which he is made a party by reason of being or having been such a director or officer, except in relation to matters as to which he shall be adjudged in such action, suit or proceedings to be liable for negligence or misconduct in the performance of duty; but such indemnification shall not be deemed exclusive of any other rights to which such director or officer may be entitled, under any By Law, Agreement, vote of the Board of Directors, members or, otherwise.

20) To cease its corporate activities and surrender its corporate franchise.

21) To make, publish and enforce rules and regulations concerning the use, upkeep and maintenance of the common areas and streets pursuant to the powers and functions granted to the Association in its recorded restrictions and covenants.

ARTICLE IX – Members’ Meetings.

9.1 Annual Meetings. The annual meeting of the members of the Association for the election of the directors whose terms have expired and for the transaction of such other business as may properly come before the meeting, shall be held at such time in the month of July as shall be determined by the Board of Directors.

Written notice of each annual meeting shall be given to each member entitled to vote in good standing, either personally or by mail, charges prepaid, addressed to such member at his recorded address appearing on the books of the Association. All such notices shall be sent to each member entitled thereto not less than ten nor more than fifty days before each annual meeting, and shall specify the place, the date and the hour of such meeting, and shall also state the general nature of the business or proposal to be considered or acted upon at such meeting.

9.2 Special Meetings. Special meetings of the members for any purpose or purposes whatsoever may be called at any time by the President, or by a majority of the Board of Directors, or by one or more members holding not less than forty percent (40%) of the voting power of the Association, except in special cases where other express provision is made by statute. Notice of such special meetings shall be given in the same manner as for annual meetings of the members.

Written notices of any special meeting shall specify, in addition to the place, date and hour of such meeting, the general nature of the business to be transacted.

9.3 Place of Meetings. Any meeting of the members of the Association shall be held in
Spokane County, Washington, at such particular place as stated in the notice for such meeting.

9.4 Action Without Meeting. Any lawful action under the applicable provisions of law, may be taken without a meeting if authorized in writing by a majority of the members who would be entitled to vote upon such action at a meeting. The action approved by a majority of the members shall have the same effect as an action approved by a unanimous vote at a meeting duly held upon proper notice, and may be described as such in any document. The written authorizations shall be inserted into the minute books of the Association as if they were the minutes of a special or annual meeting of the members.

9.5 Quorum. The presence in person or by proxy of the holders of ten percent (10%) of the members entitled to vote at annual or special meetings shall constitute a quorum for the transaction of business. The members present at a duly called or held meeting at which a quorum is present may continue to do business until adjournment, not withstanding the withdrawal of enough members to leave less than a quorum.

9.6 Adjourned Meetings and Notice Thereof. Any members’ meeting, annual or special, whether or not a quorum is present, may be adjourned from time to time by the vote of a majority of the voting power of which is either present in person or represented by proxy thereat. However, in the absence of a quorum no other business may be transacted at any such meeting.

ARTICLE X – Voting

10.1 Voting. Except as otherwise provided by law, only members in whose names memberships entitled to vote stand on the records of the Association on the record date for voting purposes fixed as provided in ARTICLE XI, paragraph 11. 1 of these By Laws, shall be entitled to vote at such annual or special meeting. Such vote may be by voice or by ballot. However, all elections for directors must be by ballot, if before the voting begins, demand for “by ballot vote” is made by a member of the Association. Except as otherwise provided herein, each member is entitled to one vote for each lot owned by him/her.

10.2 Proxies. Every member entitled to vote or execute consents should have the right to do so either in person, or by an agent, or agents authorized by a written proxy executed by such member or his duly authorized agent, and filed with the Secretary of the Association. However, no such proxy shall be valid after the expiration of eleven months from the date of its execution unless the person executing it specifies therein the length of time for which such proxy is to continue in force, which in no event shall exceed seven years from the date of its execution.

ARTICLE XI – Miscellaneous

11.1 Record Date. The Board of Directors may fix a time in the future as a record date for the determination of the members entitled to notice of and to vote at any, meeting of members. The, record date so fixed shall, not be more than thirty, days prior to the date of the meeting. When a record date is so fixed, only members of record on that date shall be entitled to notice of and to vote at the meeting, not withstanding any transfer of or issuance of membership evidence on the books of the Association after the record date.

11.2 Inspection of Records. The membership register or duplicate membership register, the books of account and minutes of proceedings of the members, and the Board of Directors and the Executive Committee, if any, shall be open to inspection upon the written demand of any member at any reasonable time and for a purpose reasonably related to his interests as a member.

11.3 Checks and Drafts. All checks, drafts or other orders for payment of money, notes or other evidences of indebtedness issued in the name of or payable to the Association shall be signed or endorsed with two directors’ signatures. One of those signatures being that of the Treasurer or if the Treasurer is unavailable or unable, then by another director that from time to time, is determined and granted authority to do so by resolution of the Board of Directors.

11.4 Annual Accounting. An annual report and account, including a statement of income and disbursements, shall be made available to members within 60 days of the close of the Association’s fiscal year.

11.5 Execution of Contracts. The Board of Directors, except as may be otherwise provided in these by-laws, may authorize any officer or officers, agent or agents, to enter into any contract or execute any instrument or document in the name of and on behalf of the Association and such authority may be general or confined to specific instances limited to one year.. Unless otherwise specifically determined by the Board of Directors or otherwise required by law, formal contracts, promissory notes and other evidences of indebtedness, deeds of trust, mortgages and other corporate instruments or documents requiring the corporate seal, shall be executed, signed or endorsed by the President or the Vice President(s), and by the Secretary (or Assistant Secretary) or the Treasurer.

11.6 Inspection of By Laws. The Association shall keep in its principal office for the transaction of business the original or a copy of the By Laws’ as amended or otherwise altered to date, certified by the Secretary, which shall be open to inspection by the members at all reasonable times.

ARTICLE XII – Amendments.

12.1 New By Laws may be adopted or these By Laws may be amended or repealed by the vote or written assent of the majority of the members entitled to exercise the voting power of the Association.

12.2 Personal liability of an officer, director, or member in monetary damages, for their conduct as an officer, director, or member is specifically eliminated. This section is enacted pursuant to R.C.W. 24.03.025 (4) (c).

Amended Date: Feb 3, 2004

Signed by President and Secretary

Notarized June 3, 2004