16.1 Adoption. The Board of Directors may, from time to time, and subject to the provisions of the Declaration, Articles of Incorporation, and these Bylaws, adopt, amend and repeal rules and regulations in order to preserve the benefit of membership in the Association for all owners, their families, invitees, licensees and lessees, and for guests.

 

16.2 Promulgation. The secretary shall mail a true and correct copy of all rules and regulations or amendments thereto, to each Member of the Association as that Member's name appears on the membership roll of the Association at the Member's last known address, and shall enter upon the records of the Association a notation of such mailing.

 

16.3 Effective Date. Any such rule or regulation or amendment thereto, adopted by the Board of Directors shall be effective commencing at 12:01 a.m. on the fifth (5th) day following the date of such mailing, unless the Board of Directors in adopting the same, shall specify some other effective date.