
Fair Oaks Estates: BY-LAWS (rev 11/99)
By-Laws.html
BY-LAWS
OF
FAIR OAKS ESTATES
HOMEOWNERS ASSOCIATION
Table of Contents
ARTICLE I - NAME AND LOCATION
ARTICLE II - DEFINITIONS
ARTICLE III - MEMBERSHIP
ARTICLE IV - VOTING RIGHTS
ARTICLE V - PROPERTY RIGHTS
ARTICLE VI - BOARD OF DIRECTORS: SELECTION: TERM
OF OFFICE
ARTICLE VII - MEETINGS OF DIRECTORS
ARTICLE VIII - NOMINATION AND ELECTION OF DIRECTORS
ARTICLE IX - POWERS AND DUTIES OF THE BOARD OF
DIRECTORS
ARTICLE X - COMMITTEES
ARTICLE XI - MEETING OF MEMBERS
ARTICLE XII - OFFICERS AND THEIR DUTIES
ARTICLE XIII - ARCHITECTURAL REVIEW BOARD
ARTICLE XIV - COVENANT FOR MAINTENANCE ASSESSMENTS
ARTICLE XV - BOOKS AND RECORDS
ARTICLE XVI - CORPORATE SEAL
ARTICLE XVII - AMENDMENTS
ARTICLE XVIII - MISCELLANEOUS
ARTICLE I
NAME AND LOCATION
The name of the corporation is FAIR OAKS ESTATES HOMEOWNERS ASSOCIATION,
hereinafter referred to as the "Association." The principal office of the
corporation shall be located at 3720 Charles Stewart Drive, Fairfax, Virginia,
but meetings of Members and directors may be held at such places within
the Commonwealth of Virginia, County of Fairfax as may be designated by
the Board of Directors.
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ARTICLE II
DEFINITIONS
Section 1. "Association" shall mean and refer to Fair Oaks Estates
Homeowners Association, its successors and assigns.
Section 2. "Declaration" shall mean and refer to the Declaration
of Covenants, Conditions and Restrictions applicable to the Properties
recorded in the office of the Clerk of the Circuit Court of Fairfax County,
Virginia.
Section 3. "Properties" shall mean and refer to that certain
real property described in the "Declaration" and such additions thereto,
which, from time to time, may be brought within the jurisdiction of the
Association.
Section 4. "Common Area" shall mean all real property consisting
of Parcels A, B, and C, (including the improvements thereto) owned by the
Association for the common use and enjoyment of the Members of the Association.
Section 5. "Lot" shall mean and refer to any plot of land shown
upon any recorded subdivision plat of the Properties with the exception
of the Common Area and streets dedicated to public use.
Section 6. "Member" shall mean and refer to every person or entity
who holds a membership in the Association.
Section 7. "Owner" shall mean and refer to the record owner,
whether one or more persons or entities, of the fee simple title to any
Lot which is a part of the Properties, including contract sellers, but
excluding those having such interest merely as security for the performance
of an obligation.
Section 8. "Mortgagee" shall mean and refer to any person or
entity secured by a first mortgage or first deed of trust on any Lot with
Common Area and who has notified the Association of this fact.
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ARTICLE III
MEMBERSHIP
Every person or entity who is a record owner of a fee or undivided fee
interest in any Lot which is subject by covenants of record to assessment
by the Association, including contract sellers, shall be a Member of the
Association. The foregoing is not intended to include persons or entities
who hold an interest merely as security for the performance of an obligation.
Membership shall be appurtenant to and may not be separated from ownership
of any Lot which is subject to assessment by the Association. Ownership
of such Lot in possession of a Lot shall be entitled to exercise the owner's
rights in the Association with regard thereto.
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ARTICLE IV
VOTING RIGHTS
Members shall be all those Owners as defined herein. Members shall be
entitled to one vote for each Lot in which they hold the interest required
for membership by Article III. When more than one person holds such interest
in any Lot, all such persons shall be Members. The vote for such Lot shall
be exercised as they among themselves determine, but in no event shall
more than one vote be cast with respect to any Lot.
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ARTICLE V
PROPERTY RIGHTS
Section 1. Members Easements of Enjoyment. Every
Member shall have a right and easement of enjoyment in and to the Common
Area and such easement shall be appurtenant to and shall pass with the
title to every assessed Lot, subject to the following provisions:
(a) The right of the Association to charge
reasonable admission and other fees for the use of any recreational facility
situated upon the Common Area;
(b) The right of the Association to limit the
number of guests of Members at such recreational facility;
(c) The right of the Association, in accordance
with the Articles of Incorporation and By-Laws, to borrow money for the
purpose of improving the Common Area and facilities and in aid thereof,
with the assent of more than two-thirds (2/3) of the Members who are voting
in person or by proxy, at a meeting duly called for this purpose, to mortgage
said property, subject to the Declaration and the easement of enjoyment
created hereby, and to acquire property encumbered by the lien or liens
of the deed or deeds of trust securing improvements on said property, provided
that any such mortgage of the Common Area must state that it is subject
to the Declaration and the easement of enjoyment created hereby and shall
not be in conflict with its designation as "open space;"
(d) The right of the Association to suspend
the voting rights and right to the use of any recreational facilities constructed
on the Common Area by a Member for any period during which any assessment
against his/her Lot remains unpaid, and for a period not to exceed sixty
(60) days for any infraction of its published rules and regulations;
(e) The right of the Association at any time
and consistent with the then existing zoning ordinances of Fairfax County
and its designation as "open space," or upon dissolution to dedicate or
transfer all or any part of the Common Area to any public agency, authority
or utility for such purposes and subject to such conditions as may be agreed
to by the Members, provided that any such dedication or transfer shall
have the assent of more than two-thirds (2/3) of the Members who are voting
in person or by proxy, at a meeting duly called for this purpose, written
notice of which shall be sent to all Members not less than twenty-five
(25) days nor more than fifty (50) days in advance of the meeting setting
forth the purpose of the meeting. Upon such assent and in accordance therewith,
the officers of the Association shall execute the necessary documents;
(f) The right of the Association to grant any
public utility with or without payment of damages to the Association, and
consistent with the "open space" designation thereof, easements for the
construction, reconstruction, installation, repair and/or necessary maintenance
of utility lines through or over any portion of the Common Areas. The foregoing
shall not be construed, however, to permit any such public utility to acquire
or damage any improvements situated upon the Common Areas, or other structures
or installations situated thereon which would otherwise be deemed to be
part of the realty, without the payment of damages, including severance
or resulting damages, if any to the Association, all in amounts and in
a manner now or hereafter governing proceedings for the acquisition of
private property for public use by condemnation in this Commonwealth; and
(g) The right of the Association to lease Common
Area, provided however that such lease(s) must:
(1) be
only to not-for-profit organizations;
(2) such
organizations must give preference to Members of the Association with regard
to membership and use of facilities;
(3) prohibit
assignment and subleasing;
(4) require
approval by the Association of uses of the Common Area and the facilities
which must be in accordance with the Declaration;
(5) be
consistent with the then existing ordinances of the County; and
(6) be
consistent with the open space designation thereof.
Section 2. Delegation of Use. Any Member may delegate,
in accordance with the By-Laws, his/her right of enjoyment to the Common
Area and facilities to the Members of his/her family, his/her tenants,
or contract purchasers who reside on the Member's Lot.
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ARTICLE VI
BOARD OF DIRECTORS: SELECTION: TERM OF OFFICE
Section 1. Number. The affairs of this Association shall be managed
by a Board of three (3) directors, who need not be Members of the Association
and such number can be changed only by amendment of the Articles of Incorporation.
Section 2. Election. At the first annual meeting the Members
shall elect one director for a term of one year, one director for a term
of two years and one director for a term of three years; and as the term
of such directors expires new directors shall be elected for terms of three
years.
Section 3. Removal. Any directors may be removed from the
Board, with or without cause, by a majority vote of the Members of the
Association. In the event of death, resignation or removal of a director,
his/her successor shall be selected by the remaining members of the Board
and shall serve for the unexpired term of his/her predecessor.
Section 4. Compensation. No director shall receive compensation
for any service he/she may render to the Association in his/her capacity
as a director. However, any director may be reimbursed for his/her actual
reasonable expenses incurred in the performance of his/her duties as a
director.
Section 5. Action Taken Without a Meeting. The directors
shall have the right to take any action in the absence of a meeting which
they could take at a meeting by obtaining the written approval of all the
directors. Any action so approved shall have the same effect as though
taken at a meeting of the directors.
Section 6. Indemnification. Each director of the Association,
in consideration of his/her services as such, shall be indemnified by the
Association to the extent permitted by law against expenses and liabilities
reasonably incurred by him/her in connection with the defense of any action,
suit or proceeding, civil or criminal, to which he/she may be a party by
reason of his/her past or present role in the Association unless such action
was a result of gross neglect or willful misconduct.
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ARTICLE VII
MEETINGS OF DIRECTORS
Section 1. Regular Meetings. Regular meetings of the Board
of Directors shall be held at least once per calendar year at such place
and hour as may be fixed from time to time by resolution of the Board.
Should said meeting fall upon a legal holiday, then that meeting shall
be held at the same time on the next day which is not a legal holiday.
Section 2. Special Meetings. Special meetings of the Board
of Directors shall be held when called by the President of the Association,
or by any two directors, after not less than three (3) days notice to each
director.
Section 3. Quorum. A majority of the number of directors
shall constitute a quorum for the transaction of business. Every act or
decision done or made by a majority of the directors present at a duly
held meeting at which a quorum is present shall be regarded as the act
of the Board.
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ARTICLE VIII
NOMINATION AND ELECTION OF DIRECTORS
Section 1. Nomination. Nomination for election to the Board of
Directors shall be made by a Nominating Committee. Nominations may also
be made from the floor at the annual meeting. The Nominating Committee
shall consist of a Chairman, who shall be a member of the Board of Directors,
and two (2) or more Members of the Association. The Nominating Committee
shall be appointed by the Board of Directors sixty (60) to ninety (90)
days prior to each annual meeting of the Members, to serve until the close
of such annual meeting. The Nominating Committee shall make as many nominations
for election to the Board of Directors as it shall in its discretion determine,
but not less than the number of vacancies that are to be filled. Such nominations
may be made from among Members or non-Members.
Section 2. Election. Election to the Board of Directors shall
be by secret written ballot. At such election the Members or their proxies
may cast, in respect to each vacancy, as many votes as they are entitled
to exercise under the provisions of the Declaration. The persons receiving
the largest number of votes shall be elected. Cumulative voting is not
permitted.
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ARTICLE IX
POWERS AND DUTIES OF THE BOARD OF DIRECTORS
Section 1. Powers. The Board of Directors shall have power:
(a) To adopt and publish rules and regulations
governing the use of the Common Area and facilities, and the personal conduct
of the Members and their guests thereon, and to establish penalties for
the infraction thereof;
(b) To suspend the voting rights and right
to the use of the recreational facilities of a Member during any period
in which such Member shall be in default in the payment of any assessment
levied by the Association. Such rights may also be suspended after notice
and hearing, for a period not to exceed sixty (60) days for infraction
of published rules and regulations;
(c) To exercise for the Association all powers,
duties and authority vested in or delegated to this Association not reserved
to the membership by other provisions of these By-Laws, the Articles of
Incorporation, or the Declaration;
(d) To declare the office of a member of the
Board of Directors to be vacant in the event such member shall be absent
from three (3) consecutive regular meetings of the Board of Directors;
and
(e) To employ a manager, an independent contractor,
or such other employees as they deem necessary, and to prescribe their
duties.
Section 2. Duties. It shall be the duty of the Board of Directors:
(a) To cause to be kept a complete record of
all its acts and corporate affairs and to present a statement thereof to
the Members at the annual meeting of the Members or at any special meeting,
when such statement is requested in writing by one-fourth (1/4) of Members
who are entitled to vote;
(b) To supervise all officers, agents and employees
of this Association, and to see that their duties are properly performed;
(c) As more fully provided herein and in the
Declaration:
(1) to fix the amount of
the annual assessments against each Lot at least thirty (30) days in advance
of annual assessment period, as hereinafter provided in Article XIV; and
(2) to send written notices
of each assessment to every owner subject thereto at least thirty (30)
days in advance of each annual assessment period;
(d) To issue, or cause an appropriate officer
to issue, upon demand by any person, a certificate setting forth whether
any assessment has been paid. A reasonable charge may be made by
the Board for the issuance of these certificates. Such certificate shall
be conclusive evidence of any assessment therein stated to have been paid;
(e) To procure and maintain adequate liability
insurance, and to procure adequate hazard insurance on property owned by
the Association;
(f) To cause all officers or employees having
fiscal responsibilities to be bonded, as it may deem appropriate; and
(g) To cause the Common Area to be maintained
in accordance with the standards adopted by the Board.
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ARTICLE X
COMMITTEES
The Association shall appoint an Architectural Review Board as provided
in the Declaration and a Nominating Committee as provided in these By-Laws.
In addition, the Board of Directors may appoint other committees as deemed
appropriate in carrying out its purposes. It shall be the duty of each
committee to receive complaints from Members on any matter involving Association
functions, duties, and activities within its field of responsibility. It
shall dispose of such complaints as it deems appropriate or refer them
to such other committee, director or officer of the Association as is further
concerned with the matter presented.
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ARTICLE XI
MEETING OF MEMBERS
Section 1. Annual Meetings. The first annual meeting of the Members
shall be held within one (1) year from the date of incorporation of the
Association, and each subsequent regular annual meeting of the Members
shall be held within ten (10) to fourteen (14) months but at least once
in each calendar year, at such day and time as set by the Board of Directors.
If the day for the annual meeting of the Members is a legal holiday, the
meeting will be held at the same hour on the first day following which
is not a legal holiday.
Section 2. Special Meetings. Special meetings of the Members
may be called at any time by the president or by the Board of Directors,
or upon written request of the Members who are entitled to vote one-fourth
(1/4) of all of Members.
Section 3. Notice of Meetings. Written notice of each meeting
of the Members shall be given by, or at the direction of, the secretary
or person authorized to call the meeting, by mailing a copy of such notice,
postage prepaid, at least fifteen (15) days before such meeting to each
Member entitled to vote thereat, addressed to the Member's address last
appearing on the books of the Association, or supplied by such Member to
the Association for the purpose of notice. Such notice shall specify
the place, day and hour of the meeting and, in the case of a special meeting,
the purpose of the meeting.
Section 4. Quorum. The presence at the meeting of Members entitled
to cast, or of proxies entitled to cast, twenty-five percent (25%) of all
of the votes of membership shall constitute a quorum for any action except
as otherwise provided in the Articles of Incorporation, the Declaration,
or these By-Laws. If, however, such quorum shall not be present or represented
at any meeting, the Members entitled to vote thereat shall have the power
to adjourn the meeting from time to time, without notice other than announcement
at the meeting, until a quorum as aforesaid shall be present or be represented.
Section 5. Proxies. At all meetings of Members, each Member may
vote in person or by proxy. All proxies shall be in writing and filed with
the secretary. Every proxy shall be revocable and shall automatically cease
upon conveyance by the Member of his/her Lot.
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ARTICLE XII
OFFICERS AND THEIR DUTIES
Section 1. Enumeration of officers. The officers of this Association
shall be a president and vice-president, who shall at all times be members
of the Board of Directors, a secretary, and a treasurer, and such other
officers as the Board may from time to time by resolution create.
Section 2. Election of Officers. The election of officers
shall take place at the first meeting of the Board of Directors following
each annual meeting of the Members.
Section 3. Term. The officers of this Association shall be elected
annually by the Board and each shall hold office for one (1) year unless
he/she shall sooner resign, or shall be removed, or otherwise be disqualified
to serve.
Section 4. Special Appointments. The Board may elect such
other officers as the affairs of the Association may require, each of whom
shall hold office for such period, have such authority, and perform such
duties as the Board may, from time to time, determine.
Section 5. Resignation and Removal. Any officer may be removed
from office with or without cause by the Board. Any officer may resign
at any time by giving written notice to the Board, the president or the
secretary. Such resignation shall take effect on the date of 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.
Section 6. Vacancies. A vacancy in any office may be filled in
the manner prescribed for regular election. The officer elected to such
vacancy shall serve for the remainder of the term of the officer he/she
replaces.
Section 7. Multiple Offices. The offices of secretary and treasurer
may be held by the same person. No person shall simultaneously hold more
than one of any of the other offices except in the case of special offices
created pursuant to Section 4 of this Article.
Section 8. Duties. The duties of the officers are as follows:
(a) President. The president shall preside
at all meetings of the Board of Directors, shall see that orders and resolutions
of the Board are carried out, and shall sign all leases, mortgages, deeds
and other written instruments;
(b) Vice-President. The vice-president
shall act in the place and stead of the president in the event of his/her
absence, inability or refusal to act, and shall exercise and discharge
such other duties as may be required of him/her by the Board;
(c) Secretary. The secretary shall
record the votes and keep the minutes of all meetings and proceedings of
the Board and of the Members, keep the corporate seal of the Association
and affix it on all papers requiring said seal, serve notice of meetings
of the Board and of the Members, keep appropriate current records showing
the Members of the Association together with their addresses, and shall
perform such other duties as required by the Board; and
(d) Treasurer. The treasurer shall receive
and deposit in appropriate bank accounts all monies of the Association
and shall disburse such funds as directed by resolution of the Board of
Directors, shall sign all checks and promissory notes of the Association,
keep proper books of account, cause an annual audit of the Association
books to be made by a public accountant at the completion of each fiscal
year, and shall prepare an annual budget and a statement of income and
expenditures to be presented to the membership at its regular annual meeting,
and deliver a copy of each to the Members.
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ARTICLE XIII
ARCHITECTURAL REVIEW BOARD
Section 1. Composition. The Architectural Review Board
shall be comprised of three or more Members. Members shall serve staggered
three (3) year terms, as determined by the Board of Directors.
No Member of the Architectural Review Board may be a Director.
Section 2. Method of Selection. The Board of Directors shall
appoint the members of the Architectural Review Board.
Section 3. Vacancies. Appointments to fill vacancies in unexpired
terms shall be made in the same manner as the original appointment.
Section 4. Officers. At the first meeting of the Architectural
Review Board following each Annual Meeting of Members, the Architectural
Review Board shall elect from among themselves, a Chairman, a Vice-Chairman
and a Secretary who shall perform the usual duties of their respective
offices.
Section 5. Duties. The Architectural Review Board shall regulate
the external design, appearance and locations of the Properties and improvements
thereon in such a manner so as to preserve and enhance values and to maintain
a harmonious relationship among structures and the natural vegetation and
topography. In furtherance thereof, the Architectural Review Board shall:
(1) Review and approve, modify or disapprove,
within thirty (30) days, all written applications of Owners and of the
Association for improvements or additions to Lots or Common Areas;
(2) Periodically inspect the Properties
for compliance with architectural standards and approved plans for alteration;
(3) Adopt architectural standards subject to
the confirmation of the Board of Directors;
(4) Adopt procedures for the exercise of its
duties and enter them in the Book of Resolutions; and
(5) Maintain complete and accurate records
of all actions taken.
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ARTICLE XIV
COVENANT FOR MAINTENANCE ASSESSMENTS
Section 1. Creation of the Lien and Personal Obligation
of Assessments. Each owner of any Lot by acceptance of a deed therefore,
whether or not it shall be so expressed in any such deed or other conveyance,
is deemed to covenant and agree to pay to the Association:
(a) Annual assessments or charges; and
(b) Special assessments for capital improvements,
or other specified items, such assessments to be fixed, established and
collected from time to time as hereinafter provided. The annual and special
assessments, together with such interest thereon and costs of collections
thereof, as hereinafter provided, shall be a charge on the land and shall
be a continuing lien upon the Lot against which each such assessment is
made. Each such assessment together with such interest, costs and reasonable
attorney's fees, shall also be the personal obligation of the person who
was the Owner of such Lot at the time when the assessment fell due and
shall not pass to his/her successors in title unless expressly assumed
by them.
Section 2. Purpose of Assessments. The assessments levied
by the Association shall be used exclusively for the purpose of promoting
the recreation, health, safety and welfare of the residents in the Properties
and in particular for the payment of taxes and improvements and maintenance
of services and facilities devoted to this purpose and related to the use
and enjoyment of the Common Area.
Section 3. Basis and Maximum of Annual Assessments. Prior
to January 1, 2000, the maximum annual assessment shall be One Hundred
Twenty and no/100 Dollars ($120.00) per Lot.
(a) From and after January 1, 2000, the
maximum annual assessment may be increased effective January 1 of each
year without a vote of the membership in conformance with the rise, if
any, of the Consumer Price Index (All Items Index) for the Washington,
D. C. standard metropolitan area (published by the Department of Labor,
Washington, D.C.) for the year ending the preceding July 1, or five percent
(5%), whichever is greater;
(b) From and after January 2000, the
maximum annual assessment may be increased above that established by subparagraph
(a), for the next succeeding three (3) years, and thereafter for each succeeding
period of three (3) years, provided that any such change shall have the
assent by a vote of more than two-thirds (2/3) of the Members who are voting
in person or by proxy, at a meeting duly called for this purpose, written
notice of which shall be sent to all Members not less than twenty-five
(25) days nor more than fifty (50) days in advance of the meeting setting
forth the purpose of the meeting;
(c) After consideration of current maintenance
costs and further needs of the Association, the Board of Directors may
fix the annual assessment at an amount not in excess of the maximum.
Section 4. Special Assessments. In addition to the annual
assessments authorized above, the Association may levy in any assessment
year, a special assessment applicable to that year only, for the purpose
of defraying, in whole or in part, the cost of any construction or reconstruction,
repair or replacement of a capital improvement upon the Common Area, including
the fixtures and personal property related thereto, or other specified
purpose, provided that any such assessment shall have the assent of more
than two--thirds (2/3) of the Members who are voting in person or by proxy,
at a meeting duly called for this purpose, written notice of which shall
be sent to all Members not less than twenty-five (25) days nor more than
fifty (50) days in advance of the meeting setting forth the purpose of
the meeting.
Section 5. Rate of Assessment. Both annual and special
assessments shall be fixed at a uniform rate for all Lots.
Section 6. Quorum for any Action Authorized Under Sections 3
and 4. At the first meeting called, as provided in Sections 3 and 4 herein,
the presence at the meeting of Members or proxies entitled to cast sixty
percent (60%) of all the votes of membership shall constitute a quorum.
If the required quorum is not forthcoming at any meeting, another meeting
may be called subject to the notice requirements set forth in Sections
3 and 4, and the required quorum at any such subsequent meeting shall be
one-half (1/2) of required quorum at the preceding meeting. No such
subsequent meeting shall be held more than sixty (60) days following the
preceding meeting.
Section 7. Date of Commencement of Annual Assessments Due Dates.
The annual assessments provided for herein shall commence as to all Lots,
in any section, no later than thirty (30) days following the conveyance
of the Common Area pertaining to that section. The first annual assessment
shall be adjusted according to the number of months remaining in the calendar
year. The Board of Directors shall fix the amount of the annual assessment
against each Lot at least thirty (30) days in advance of each annual assessment
period. Written notice of the annual assessment shall be sent to every
Owner subject thereto. The due dates shall be established by the
Board of Directors. The Association shall upon demand at any time furnish
a certificate in writing signed by an officer of the Association setting
forth whether the assessments on a specified Lot have been paid. A reasonable
charge may be made by the Board for the issuance of these certificates.
Such certificates shall be conclusive evidence of payment of any assessment
therein stated to have been paid.
Section 8. Remedies of the Association in the Event of Default.
If any assessment is not paid within thirty (30) days after the due date,
the assessment shall bear interest from the date of delinquency at the
rate of eight percent (8%) per annum. The Association in its discretion
may:
(a) Impose a penalty as previously established
by rule;
(b) Accelerate the required payment date of
the entire remaining annual assessment; or
(c) Bring an action at law against the Owner
personally obligated to pay the same, and/or foreclose the lien against
the property, and interest, costs and reasonable attorney's fees of any
such action shall be added to the amount of such assessment. No Owner
may waive or otherwise escape liability for the assessments provided for
herein by non-use of the Common Area or abandonment of his/her Lot.
Section 9. Subordination of the Lien to Mortgages.
The lien of the assessments provided for herein shall be subordinate to
the lien of any first trust or mortgage. Sale or transfer of any
Lot shall not affect the assessment lien. However, the sale or transfer
of any Lot pursuant to a foreclosure or any proceeding in lieu thereof
shall extinguish the lien of such assessments as to payment thereof which
became due prior to such sale or transfer. No sale or transfer shall relieve
such Lot from liability for any assessments which thereafter become due
or from the lien thereof.
Section 10. Exempt Property. The following property subject
to the Declaration shall be exempt from the assessments created herein:
(a) all properties dedicated to and accepted
by a local public authority;
(b) the Common Area; and
(c) all properties owned by charitable or other
organizations exempt from taxation by the laws of the Commonwealth of Virginia.
However, no land or improvements devoted to dwelling use shall be exempt
from said assessments.
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ARTICLE XV
BOOKS AND RECORDS
The books, records and papers of the Association shall at all times,
during reasonable hours and with sufficient notice, be subject to inspection
by any Member. The Declaration, the Articles of Incorporation and the By-Laws
of the Association shall be available for inspection by any Member at the
principal office of the Association, where copies may be purchased at reasonable
cost.
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ARTICLE XVI
CORPORATE SEAL
The Association shall have a seal in circular form having within
its circumference the words: FAIR OAKS ESTATES HOMEOWNERS ASSOCIATION,
a Virginia non-stock corporation.
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ARTICLE XVII
AMENDMENTS
These By-Laws may be amended, at a regular or special meeting of the
Members, by a vote of the majority of a quorum of Members present in person
or by proxy,
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ARTICLE XVIII
MISCELLANEOUS
Section 1. The fiscal year of the Association shall begin on
the first day of January and end on the 31st day of December of every year,
except that the first fiscal year shall begin on the date of incorporation,
said dates fixing the fiscal year may be adjusted at the discretion of
the Board.
Section 2. In the case of any conflict between the Articles of
Incorporation and these By-Laws, the Articles shall control; and in the
case of any conflict between the Declaration and these By-Laws, the Declaration
shall control.
IN WITNESS WHEREOF, we being all of the Directors of the FAIR OAKS ESTATES
HOMEOWNERS ASSOCIATION, have hereunto set our hands this 15th day of November,
1999. We further certify that this constitutes an accurate and complete
copy of the By-Laws of said Association, as duly amended in accordance
with Article XVII at a meeting of the membership, held on the 15th day
of November, 1999.
_______________________________
/s/Alton Miilhouse, President and Director
_______________________________
/s/Neil Reilly, Vice-President and Director
_______________________________
/s/Arthur Treiber, Director
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