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The Board of Directors of the Association is comprised of five (5) elected Owners. Staggered terms of office are two (2) years. The Board of Directors administers the business affairs of the Association aided by a professional management company. Board Members are volunteers and do not receive a salary. Following
is a brief summary of the duties of the Officers of the Board. President: The president presides at all meetings of the Board of Directors; ensures that orders and resolutions of the Board are carried out; signs all written instruments and co-signs all checks and promissory notes. Vice President: The vice-president acts in the place and instead of the president in the event of his absence or inability. The vice-president may perform other duties as may be required by the Board. Secretary: The secretary records the votes and keeps the minutes of all meetings and proceedings of the Board and of the members; keeps the corporate seal of the Association and affixes it on all papers requiring said seal; serves notice of meetings of the Board and of the Members; and keeps appropriate current records showing the names of the Members of the Association. The secretary may perform other duties as required by the Board. Treasurer: The treasurer receives and deposits in appropriate bank accounts all monies of the Association; disburses such funds as directed by resolution of the Board of Directors; signs all checks and promissory notes of the Association; keeps proper books of the accounts; causes an annual audit of the Association books to be made by a public accountant at the completion of each fiscal year and prepares an annual budget and a statement of income and expenditures to be presented to the membership at its regular annual meeting and delivers a copy of each to the Members.
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