thornhurst country club estates property owners association rules ...

Section 3. Limitations. Notwithstanding any other provision contained in these Bylaws:a: Where the amount of any non-emergency expenditure exceeds $10,000.00, the Board shallattempt to acquire three (3) sealed bids for such project or purchase from the providers thereof.These bids shall be publicly opened at a regularly scheduled Board Meeting.b: A non-emergency capital expenditure. not budgeted during a budget year, shall not exceed FourThousand Dollars ($4,000.00) per expenditure, nor more than Eight Thousand Dollars ($8,000.00)in the aggregate per budget year. **Underlined passages indicate Bylaw amendments approved by vote of Membership on July 20,1996.ARTICLE XNominations, Elections and Terms of OfficeSection 1. Elections. Elections shall be held yearly, at the Annual Meeting of The Association, toselect the Officers of The Association, who shall also serve as Members of the Board of Directors,and to select one or more of the other three elected Members of the Board of Directors as stipulatedin Section 2 of this Article.Section 2. Terms of Officers and Board of Director Members. All Officers and Board of DirectorMembers terms of office shall be two years. The terms of office shall be two years in a scatteredformat. All even ending years the Office of President and two Board Members terms will expire.All odd ending years the Offices of Vice President, Treasurer, Business/Recording Secretary, andone Board Member term of Office will expire.Section 3. Duration of Reelection. Any Board Member or Officer is limited to serve in anyoneposition for not more than two consecutive terms. This does not preclude any Board Member fromserving in another position on the Board of Directors. No one position can be filled for more thantwo consecutive terms.Section 4. Nominations. The Nominating Committee shall develop a slate of nominees for thevarious elective positions defined in these Bylaws, and shall submit such slate of nominees to thePresident of the Board of Directors at least 30 days before the Annual Meeting of The Association.Nominations may also be made from the floor at the time of the elections by any Voting Memberin good standing, provided that each person so nominated is a Voting Member in good standing and- is present at the time of the nomination from the floor or has in advance of such nomination provided, a written statement of willingness to serve in the Office for which nominated.12