Section 4.1 Form of Association. The Association has been organized as a nonprofit corporation under the laws of the State of Washington, ch. 24.03 RCW, and is known as Eagle Point at American Lake Home Owners' Association.

 

Section 4.2 Membership. Every Owner of a Lot shall be a Member of the Association. Membership shall be appurtenant to and may not be separated from ownership of any Lot. Ownership of a Lot shall be the sole qualification for membership.

 

Section 4.3 Classes. The Association shall have two (2) classes of voting membership:

Section 4.4 Board of Directors. The Association shall be managed by a Board of Directors, elected or appointed in accordance with the Articles of Incorporation and Bylaws of the Association.

 

Section 4.5 Delegation to Manager. The Board of Directors may delegate any of its managerial duties, powers, or functions to any person, firm, or corporation, provided that any management agreement for the project shall be terminable by the Association for cause upon thirty (30) days written notice, and without cause upon ninety (90) days written notice. The term of any such agreement may not exceed one (1) year, renewable by agreement of the parties for successive one (1) year periods. The members of the Board of Directors shall not be liable for any omission or improper exercise by the manager of any duty, power, or function so delegated by written instrument executed by a majority of the Board of Directors.

 

Section 4.6 Sub Associations. The Lots may be subject to additional covenants and the Owners of Lots may be mandatory members of a Sub Association; however, there shall be no requirement that a Sub Association be created. A Sub Association may be created to serve the unique needs of a class of Lots. as identified in section 2.3. A Sub Association may adopt such covenants, rules and regulations as it deems necessary and appropriate, provided, however, in the event of a conflict, the Association documents shall control.