Description
BYLAWS OF THE DONNER LAKE PROPERTY OWNERSí ASSOCIATION, A NONPROFIT ORGANIZATION ESTABLISHED JUNE 23, 1957 ARTICLE I: DESCRIPTION This Association, established June 23, 1957, shall be known as the DONNER LAKE PROPERTY OWNERS' ASSOCIATION (hereinafter "Association"), whose principal office will be located at such place in Nevada County, California, as the Board of Directors (hereinafter "the Board") may from time to time designate by resolution. The Association has been formed pursuant to the California Non-Profit Mutual Benefit Corporation Law as a nonprofit corporation. ARTICLE II: PURPOSE The Association exists: (1) to maintain or improve the recreational facilities of Association properties consistent with environmental preservation of such properties and Donner Lake; (2) to enjoy the benefits of the locality by attempting to keep the public utility rates, taxes, assessments, fire protection, and other expenses to a reasonable minimum with a maximum of service; (3) to promote good fellowship, neighborliness, living by the Golden Rule on behalf of all members of the Association; and (4) to keep members informed of the various actions, meetings, plans, and accomplishments of the Association. ARTICLE III: MEMBERSHIP Section 1: Charter members shall be those members set forth on Exhibit A. Section 2: Any bona fide owner, as defined herein, of a parcel of property or building site situated within the premises described in Exhibit D attached to the deed dated September 2, 1958, from the Donner Lake Development Company to the Association, shall be eligible for membership in accordance with the membership limitations herein. Section 3: Any bona fide owner of a parcel of property or building site situated within the premises described in the Agreement dated August 3, 1960 between Southside Development Company, Incorporated and Donner Lake Property Owners Association, shall be eligible for membership as follows: "...purchasers of subdivided lots in Companyís Southside Highlands Subdivisions, provided, how- ever, that the total number of lot purchasers eligible for membership shall not exceed two hundred (200) such purchasers, and provided further that purchasers of Southside Highlandsí subdivided lots which border on Donner Lake shall not be eligible for membership, unless such lakefront properties are otherwise included within Exhibit A." Any member in good standing at the time of ratification of this document whose parcel is not within the premises described by Sections 2, or 3 of this Article shall nonetheless be deemed members in good standing and otherwise enjoy all privileges and be subject to all other requirements of these bylaws. This clause is intended to provide an equitable resolution, consistent with Article II, paragraph (3), of those situations previous to ratification where said members were granted membership in error. Section 4: All new parcels created, after ratification of this provision, from an eligible parcel shall not be eligible for membership. Section 5.