ARTICLE I
Section 1. The
name of this corporation shall be MASTER PROPERTY OWNERS ASSOCIATION,
INCORPORATED.
Section 2. This
Corporation (hereinafter referred to as the M.P.O.A.) is an Illinois
not for profit corporation, chartered by the Secretary of State
on September 18, 1965, as provided by the General Not For Profit
Act of Illinois, approved July 17, 1943, in force January 1, 1944.
Section 3. The
principal office of the M.P.O.A. shall be located in the area known
as Wonder Lake situated in McHenry and Greenwood Townships, McHenry
County, Illinois.
Section 4. This
Constitution and the By-Laws together shall be taken and applied
as the code of rules adopted for the regulation and management
of the affairs of the M.P.O.A.
Section 5. The term
Wonder Lake, Illinois Area as used herein shall be considered as
consisting of only that property which has lake rights by or through
deeds, contracts, or agreements of the Wonder Lake Syndicate and/or
the M.P.O.A.
Section 6. The M.P.O.A.
consists of the following subdivisions and unsubdivided property.
1. Deep
Spring Woods Country Club, Inc.
2. Deep
Springs Woods Property Owners Association, #1
3. Hickory
Falls Property Owners Association, #1 & #2
4. Hickory
Falls Property Owners Association, #3
5. Highland
Shores Property Owners, Inc.
6. Indian
Ridge Improvement Association, Inc.
7. Lookout
Point Community Association, Inc.
8. Mathews
Undeveloped Property
9. Edwin
McGuire/Josef Ceisel
10. Eric
McGuire
11. Oakwood
Shores
12. St.
Francis Heights
13. Shore
Hills Country Club
14. Sunrise
Ridge Property Owners Association, Inc.
15. Sunrise
Ridge Estates
16. White
Oaks Bay Property Owners Association, Inc.
17. Widwood
Association, Inc.
18. Wonder
Center Property Owners Association, Inc.
19. Wonder
Woods Property Owners Association, Inc.
20. Wooded
Shores Property Owners Association, Inc.
21. Unsubdivided
property with lake rights as described in Article II,
Section
2, owned by the David Joslyn Trust
(Revised
9-13-00)
ARTICLE II
PURPOSE
Section 1. To conduct
and promote the Wonder Lake Recreation Area for the improvement
of civic and social welfare and to control and maintain the lake
bottom and other community property pertinent thereof, and do any
and all acts necessary to further said objects..
Section 2. To limit
the use of Wonder Lake to those property owners who have lake rights
by or through deeds, contracts or agreements with the Wonder Lake
Syndicate or the M.P.O.A.
ARTICLE III
MANAGEMENT
Section. 1. Subject
to the approval of the Directors, the M.P.O.A. shall be managed by a Board
consisting of five (5) officers.
Section 2. The officers
of the M.P.O.A. Board shall be:
President
1st Vice-President
2nd Vice-President
Secretary
Treasurerand
shall constitute the managing body of the M.P.O.A. All
officers shall rank in the order herein named and preside accordingly
in the absence of the President.
ARTICLE IV
ELECTION OF OFFICERS
Section 1. Officers
shall be elected by a majority vote of the Assembly of Delegates
at the regular September Delegates' Convention
Section 2. Elected
officers may be either directors or delegates, except that no two
(2) officers may be elected from the same subdivision or unsubdivided
property.
Section 3. All
officers shall be elected to hold office for a term of two (2)
years or until their successors are elected.
Section 4. Officers
will be elected in the following sequence:
A. Even
Year Terms:
President
2nd
Vice-President
Treasurer
B. Odd
Year Terms:
1st
Vice-President
Secretary
and
will take office on the 1st day of January the year following
their election.
Section 5. A nominating committee of three (3) directors will
be appointed from the floor by the President, subject to approval
by the directors at the regular June Directors' meeting. The
nominating committee will interview possible candidates (directors
or delegates) for office on the M.P.O.A. Board, and submit
their recommendations to the M.P.O.A. secretary one month before
the regular September Delegates' Convention.
Section 6. Nominations
from the floor and write-in candidates will also be accepted at
the regular September Delegates' Convention.
Section 7. The election for any office must be by secret ballot. Three
(3) tellers (delegates) will be appointed by the President
(subject to approval by the delegates) to take charge of such balloting
and to report the results thereof to the presiding officer. After
the results of the balloting have been confirmed, announced,
and recorded, the tellers will immediately destroy the ballots.
ARTICLE V
DUTIES OF OFFICERS
Section 1. Subject to approval by the Directors
the officers shall manage and direct the activities and business
of the M.P.O.A. and, by appointment, fill all officer vacancies.
Section 2. The officers shall prepare an Annual
Balanced Budget which shall be presented for
approval
at the regularSeptember Convention. The budget shall
list the basic
categories
of M.P.O.A. income and expenditures and shall be distributred
to all
delegates
along with the mailed notice of the regular September Convention.
Following
approval of the proposed Annual Balanced Budget by the Delegates,
all future
budgetary amendments must have Director approval.
(Revised
9/11/96)
Section 3. The officers may obtain legal advice when they
feel it is necessary. Their records shall show the written
legal advice on which they acted or refrained from acting.
Section 4. The President shall be the Chief Executive Officer
of the M.P.O.A. and shall preside at all meetings and call special
meetings when necessary or legally requested to do so. The
President may appoint committees and/or commissions (subject
to approval by the directors) and have general supervision
of all matters pertaining to the M.P.O.A.
Section 5. The President shall be ex-officio
member of all committees and/or commissions.
Section 6. Nothing herein shall prohibit the
President from appointing any member property owner possessing
specialized training, knowledge or experience, who is not a delegate
or director to any committee or commission.
Section 7. It shall be the duty of the 1st
and 2nd Vice-Presidents to assist the President, and, in his/her
absence, act in the order named in the performance of the duties
of the President.
Section 8. The Secretary shall be responsible
for the minutes of all Directors' and Delegates' meetings, conduct
correspondence, issue notices, keep the roll of Officers, Directors,
Delegates, and Committees/Commissions, and discharge such other
duties as pertain to his/her office as assigned by the President.
The
Secretary shall also prepare all bills, notices of dues payable
and shall be the recipient of such dues, also keeping proper account. All
monies collected will be transferred to the Treasurer.
The
Secretary will prepare a voucher for all bills approved by
the officers and present the vouchers to the Treasurer for payment.
Section 9. The Treasurer shall receive all monies collected
by the Secretary and shall deposit the same in a suitable bank or
trust company previously approved by the officers. The Treasurer
shall not disburse any monies without an approved voucher. All
checks must be signed by any two officers. The Treasurer
will prepare monthly reports to the officers..
Section 10. A Recording Secretary may be appointed by the President
(subject to approval by the directors). His/her duties
will be to take minutes of all meetings and such other duties
as the Secretary may assign
The
Recording Secretary need not be a delegate or director and may
be paid a salary as determined by the directors.
Section 11. The accounts of the Secretary and the Treasurer shall
be examined by a CPA who shall be appointed by the officers. An
annual audit shall be prepared except that the President shall have
the authority to request an audit at any time in addition to the
annual audit. The annual audit shall be for the fiscal year
ending December 31 and must be completed by June 30 of the following
year. A copy of the annual audit must be given to each
Director
Section 12. Upon a two thirds (2/3) vote of the assembly of delegates,
any officer may be removed from his/her office for failure to attend
three or more meetings without reasonable justification or for failing
to perform other duties of office. Written notice of the proposed
removal shall be mailed to or personally served upon the officer at
least 20 days prior to the meeting at which action is to be considered.
Continued:
page 1, page 2, page
3
