Antares Announcement

ANTARES HOMEOWNERS ASSOCIATION
BYLAWS
PAGE 3

ARTICLE II (cont.)

candidate for election to the Board be named in the proxy or written ·:ballot. The proxy or written ballot must provide that, when the Member specifies a choice, the vote shall be cast in accordance with that choice. The proxy must also identify the person or persons authorized to exercise the proxy and the length of time it will be valid. No proxy is valid with respect to a vote on any matter described in Section 7613(g) of the California Corporations Code unless the general nature of the proposal was set forth in the proxy.

ARTICLE III

3.  Administration.

3.1.  Association Responsibilities.
In accordance with the Declaration, the Association is responsible for administering the Property, maintaining and repairing the Common Property, approving the Budget, establishing and collecting all assessments authorized under the Declaration, and arranging for overall architectural control of the Property.

3.2.  Place of Meetings of Members.
Meetings of the Members shall be held on the Property, or such other suitable place as proximate thereto as practical and convenient to the Members, as designated by the Board.

3.3.  Annual Meetings of Members.
The first annual meeting of Members shall be held within six (6) months after the Close of Escrow for the sale of the first Condominium in Phase 1. Thereafter, the annual meetings shall be held on or about the anniversary date of the first annual meeting. Each first Mortgagee may designate a representative to attend all annual meetings.

3.4.  Special Meetings of Members.
The Board shall call a special meeting of the Members (a) as directed by resolution of a majority of a quorum of the Board, (b) by request of the President of the Association, or ( C) upon receipt of a petition signed by Members representing at least five percent (5%) of the Association's total voting power. The Secretary shall give notice of any special meeting within twenty (20) days after adoption of such resolution or receipt of such request or petition. The notice must state the date, time and place of such meeting and the general nature of the business to be transacted. The special meeting must be held not less than thirty-five (35) nor more than ninety (90) days after adoption of such resolution or receipt of such request or petition. No business may be transacted at a special meeting except as stated in the notice. Each first Mortgagee may designate a representative to attend all special meetings.

3.5.  Notice.
The Secretary shall send a notice of each annual or special meeting by first-class mail, at least ten (10) but not more than thirty (30) days prior to such meeting, stating the purpose thereof as well as the day, hour and place where it is to be held, to each Member of record, and to each first

««  Page 2 Contents Page 4 »»