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Home My WebLink AboutJJDDAP~1APPENDIX “D” BYLAWS OF High Mesa Rd. Garfield County, CO ASSOCIATION ARTICLE I The name of the corporation shall be High Mesa RD Association in Garfield County, CO. ARTICLE II The purpose for which the corporation is organized is the maintaining High Mesa RD in Garfield County, CO and engaging in such other activities as may be to the mutual benefit of the Members. It shall be a limited non-profit private mutual benefit corporation pursuant to the laws of the State of Colorado. ARTICLE III The Members of the corporation shall be limited initially to the owners, their heirs and assigns, of four (4) Parcels abutting said High Mesa RD, at the time of the creation of the 4th Parcel accessing the road. The holder or owner of a security interest only, such as a mortgagee, shall not be qualified to be a Member. ARTICLE IV The corporation shall have perpetual existence. ARTICLE V The affairs of the Association shall be managed by the Members at membership meetings. Members shall elect a President, Secretary and a Treasurer annually who shall serve as Directors between membership meetings on such matters as delegated by the Members. The duties of the officers shall be as prescribed by these bylaws. ARTICLE VI The names of the officers who are to serve until the first election under these Bylaws shall be: __________________ President __________________ Secretary __________________ Treasurer Said officers shall serve until xx/xx/xxxx, before which the officers shall call with not less than fifteen (15) days notice a meeting of the Members to conduct the first election of officers who shall serve until the annual meeting in xx/xx/xxxx. ARTICLE VII The Association shall hold an annual meeting in XXX of each year to elect officers and conduct business and shall hold other meetings as necessary. ARTICLE VIII At all meetings and elections, all the Members XXX cast only one vote for each traffic unit they hold as in Appendix C and all such units owned by tenants in common or joint tenants may cast only a vote in the form of traffic units. For any vote to be effective on any issue, there must be a vote in favor of the decision of at least two-thirds (2/3) of the votes. ARTICLE IX The bylaws of the corporation may be amended, altered or rescinded only by two-thirds (2/3) of the Members at an annual meeting. Amendments may be proposed by any Member. ARTICLE X Officers Section 1. Officers. The officers of the Association shall be a President and a Secretary/Treasurer. They shall take office immediately after election. Section 2. The President. The President shall be the chief executive officer of the Association, and shall perform such other duties as from time-to- time may be assigned to him by the Members. The President shall be ex officio a Member of all committees. Section 3. The Secretary and Treasurer. The Secretary shall keep the minutes of all the Members’ and Officers’ meetings and the Treasurer shall have the custody of all the receipts, disbursements, funds, and securities of the Association. They shall perform all duties incident to the office of Secretary or Treasurer and shall perform such other duties as may from time-to-time be assigned by the Members or the President. Section 4. Registered Agent. The Members shall appoint a Registered Agent for the Association who shall serve until replaced and who need not be a Member, but who must be a Colorado resident, and whose duties shall be limited to those provided by Colorado law. ARTICLE XI Meetings of Members Section 1. Annual Meetings. There shall be an annual meeting of the Members of the Association each October at such place as may be designated in Garfield County, Colorado of each year. Notice for such meeting shall be given three (3) weeks in advance. Section 2. Special Meetings. Special meetings of the Members shall be held whenever called by the President or by at least 50% of the Members. Three (3) weeks notices shall be given to all Members. Section 3. Proxy. Votes by Members may be cast in person or by written proxy by any Member, with only votes for each parcel owned as provided for in Article VIII. Section 4. Quorum. A quorum shall consist of at least 50% of the Members either in person or by proxy, and it shall take two-thirds (2/3) vote of the traffic units to decide any question that may come before the meeting. ARTICLE XII Section 1. Qualifications. Only persons qualified to be Members under Article III shall be Members. Section 2. Members. A Member shall have no vested right, interest, or privilege of, in, or to the assets, functions, affairs, or facilities of the Association, or any right, interest, or privilege which may be transferable or inheritable, or which shall continue after Membership ceases. ARTICLE XIII Section 1. The Association shall have the right and power to subject the property of its Members to an annual maintenance fee and charge. Commencing xx/xx/xxxx, and on the same day of each year thereafter, each owner of a parcel with a substantially complete residence, shall pay in advance, the maintenance fee and charges and such payments shall be used by the Association to create and continue a Maintenance Fund to be used by the Association as hereinafter stated. The Association may vote to access the maintenance fee and charges in installments and to set the due date for such installments. The charges will be delinquent when not paid within thirty (30) days after they becomes due. The annual maintenance charge may be adjusted from year-to-year by the Members as the road maintenance needs in its judgment may require and shall be asserted be based on the percentage of traffic Units as defined in Appendix C. Section 2. The maintenance charge shall be used for improving and maintaining the High Mesa RD. It shall also be used for providing liability insurance coverage for the Association, its Members and Officers and the costs of consultants. ARTICLE XIV The Association shall have the power and authority to enforce and collect said maintenance fees by any action including actions at law and equity, and including attachment of Members’ property. Members who are in default of their fees shall also be liable to the Association of reasonable interest and late charges set in advance by the Association and for the Association’s reasonable costs of collection, including but not limited to, attorney’s fees and costs. The maintenance fees shall constitute a lien upon the land of the Members and shall run with the land. ARTICLE XV Insurance The Association shall maintain in full force and effect a general liability insurance policy for the benefit and protection of the Association, its officers and Members. It shall cover all land, common areas, facilities, equipment, and activities owned, operated and/or maintained by the Association as well as personal property and all acts performed for the Association. It shall have a face amount which shall be determined from time to time by the Membership. Costs of insurance shall be a part of the maintenance fee. ARTICLE XVI Indemnification of Officers and Members Each officer, member and employee of The Corporation shall be indemnified by The Corporation to the extent of insurance coverage against expenses, including attorneys' fees, judgments, fines and amounts paid in settlement, actually and reasonably incurred by such person in connection with any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of The Corporation), by the reason of the fact that such person is or was an officer, member or employee of The Corporation, if such person acted in good faith and in a manner reasonably believed to be in the best interests of The Corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe such person's conduct was unlawful. The termination of any action, suit or proceeding by judgment, order settlement, conviction or upon a plea of nolo contendere, or its equivalent, shall not of itself, create a presumption that the person did not act in good faith and in a manner which is reasonably believed to be in the best interests of The Corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that such person's conduct was unlawful. Expenses incurred in defending a civil or criminal action, suit or proceeding, may be paid by The Corporation in advance of the final disposition of such action, suit or proceeding as authorized by the Members in the manner provided by the applicable statutes of the State of Colorado concerning indemnification by nonprofit corporations, upon the receipt of an undertaking by or on behalf of the officer, member or employee to repay such amount, unless it shall be ultimately determined that such person is entitled to be indemnified as provided herein. In the event that such action or proceeding be by or in the right of The Corporation, The Corporation shall have the same power to indemnify and insure any such director, officer or employee, except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable for negligence or misconduct in the performance of such duty, unless the court wherein the action or proceeding is tried shall specifically find that despite the adjudication of liability, but in view of all the circumstances of the case, such a person is fairly and reasonably entitled to indemnity. The indemnification provided by these bylaws shall not be deemed exclusive of any other rights to which those indemnified may be entitled under any statute or regulation of the State of Colorado. As used in this provision, the terms "officer", "member", 'employee" include the respective heirs, executors and administrators of persons holding such offices in The Corporation. Consent and Agreement We, for ourselves and our heirs, successors and assigns, consent and agree to be bound and our land described herein to be subject to the terms and conditions of these Bylaws, and as amended hereafter, which shall run with the land. Dated: XXX ______, XXXX _____________________________ Dated: XXX ______, XXXX _____________________________ Dated: XXX ______, XXXX _____________________________ Dated: XXX ______, XXXX _____________________________ Dated: XXX ______, XXXX _____________________________ Dated: XXX ______, XXXX _____________________________ Dated: XXX ______, XXXX _____________________________ Dated: XXX ______, XXXX _____________________________ Dated: XXX ______, XXXX _____________________________ Dated: XXX ______, XXXX _____________________________ State of Colorado County of ______________ Then personally appeared the above named _______________________ and acknowledged the foregoing instrument to be his/her free act and deed. Before me, ________________________________ Notary Public Printed Name: ____________________ My Commission Expires: ____________ State of Colorado County of ______________ Then personally appeared the above named _______________________ and acknowledged the foregoing instrument to be his/her free act and deed. Before me, ________________________________ Notary Public Printed Name: ____________________ My Commission Expires: ____________