Section 1. The name of this corporation shall be MASTER PROPERTY OWNERS ASSOCIATION, INCORPORATED.
Section 2. This Corporation (hereinafter referred to as the M.P.O.A.) is an Illinois not for profit corporation, chartered by the Secretary of State on September 18, 1965, as provided by the General Not For Profit Act of Illinois, approved July 17, 1943, in force January 1, 1944.
Section 3. The principal office of the M.P.O.A. shall be located in the area known as Wonder Lake situated in McHenry and Greenwood Townships, McHenry County, Illinois.
Section 4. This Constitution and the By-Laws together shall be taken and applied as the code of rules adopted for the regulation and management of the affairs of the M.P.O.A.
Section 5. The term Wonder Lake, Illinois Area as used herein shall be considered as consisting of only that property which has lake rights by or through deeds, contracts, or agreements of the Wonder Lake Syndicate and/or the M.P.O.A.
Section 6. The M.P.O.A. consists of the following subdivisions and unsubdivided property.
1. Deep Springs Woods Country Club Association
2. Deep Springs Woods Association
3. Hickory Falls Association
4. Hickory Falls #3 Property Owners Improvement Association
5. Highland Shores Property Owners, Inc.
6. Indian Ridge Improvement Association, Inc.
7. Lookout Point Community Association, Inc.
8. Mathews Undeveloped Property
9. Edwin McGuire/Josef Ceisel
10. Eric McGuire
11 Meadows of west Bay
12. Oakwood Shores
13. St. Francis Heights Property Owners Association
14. Shore Hills Country Club
15. Sunrise Ridge Property Owners Association, Inc.
16. Sunrise Ridge Estates Units 1 & 2 Homeowners Association
17. White Oaks Bay Association
18. The Wildwood Association Of Lookout Point
19. Wonder Center Property Owners’ Association
20. Wonder Woods Association, Inc.
21. Wooded Shores Property Improvement Association, Inc.
22. Unsubdivided property with lake rights as described in Article II, Section 2, owned by the David Joslyn Trust (Amended 9-15-11)
ARTICLE II PURPOSE
Section 1. To conduct and promote the Wonder Lake Recreation Area for the improvement of civic and social welfare and to control and maintain the lake bottom and other community property pertinent thereof, and do any and all acts necessary to further said objects..
Section 2. To limit the use of Wonder Lake to those property owners who have lake rights by or through deeds, contracts or agreements with the Wonder Lake Syndicate or the M.P.O.A.
ARTICLE III MANAGEMENT
Section. 1. Subject to the approval of the Directors, the M.P.O.A. shall be managed by a Board consisting of five (5) officers.
Section 2. The officers of the M.P.O.A. Board shall be: President 1st Vice-President 2nd Vice-President Secretary Treasurerand shall constitute the managing body of the M.P.O.A. All officers shall rank in the order herein named and preside accordingly in the absence of the President.
ARTICLE IV ELECTION OF OFFICERS
Section 1. Officers shall be elected by a majority vote of the Assembly of Delegates at the regular September Delegates' Convention
Section 2. Elected officers may be either directors or delegates, except that no two (2) officers may be elected from the same subdivision or unsubdivided property.
Section 3. All officers shall be elected to hold office for a term of two (2) years or until their successors are elected.
Section 4. Officers will be elected in the following sequence: A. Even Year Terms: President 2nd Vice-President Treasurer B. Odd Year Terms: 1st Vice-President Secretary and will take office on the 1st day of January the year following their election.
Section 5. A nominating committee of three (3) directors will be appointed from the floor by the President, subject to approval by the directors at the regular June Directors' meeting. The nominating committee will interview possible candidates (directors or delegates) for office on the M.P.O.A. Board, and submit their recommendations to the M.P.O.A. secretary one month before the regular September Delegates' Convention.
Section 6. Nominations from the floor and write-in candidates will also be accepted at the regular September Delegates' Convention.
Section 7. The election for any office must be by secret ballot. Three (3) tellers (delegates) will be appointed by the President (subject to approval by the delegates) to take charge of such balloting and to report the results thereof to the presiding officer. After the results of the balloting have been confirmed, announced, and recorded, the tellers will immediately destroy the ballots.
ARTICLE V DUTIES OF OFFICERS
Section 1. Subject to approval by the Directors the officers shall manage and direct the activities and business of the M.P.O.A. and, by appointment, fill all officer vacancies.
Section 2. The officers shall prepare an Annual Balanced Budget which shall be presented for approval at the regular September Convention. The budget shall list the basic categories of M.P.O.A. income and expenditures and shall be distributed to all delegates along with the mailed notice of the regular September Convention. Following approval of the proposed Annual Balanced Budget by the Delegates, all future budgetary amendments must have Director approval. (Revised 9/11/96)
Section 3. The officers may obtain legal advice when they feel it is necessary. Their records shall show the written legal advice on which they acted or refrained from acting.
Section 4. The President shall be the Chief Executive Officer of the M.P.O.A. and shall preside at all meetings and call special meetings when necessary or legally requested to do so. The President may appoint committees and/or commissions (subject to approval by the directors) and have general supervision of all matters pertaining to the M.P.O.A.
Section 5. The President shall be ex-officio member of all committees and/or commissions.
Section 6. Nothing herein shall prohibit the President from appointing any member property owner possessing specialized training, knowledge or experience, who is not a delegate or director to any committee or commission.
Section 7. It shall be the duty of the 1st and 2nd Vice-Presidents to assist the President, and, in his/her absence, act in the order named in the performance of the duties of the President.
Section 8. The Secretary shall be responsible for the minutes of all Directors' and Delegates' meetings, conduct correspondence, issue notices, keep the roll of Officers, Directors, Delegates, and Committees/Commissions, and discharge such other duties as pertain to his/her office as assigned by the President. The Secretary shall also prepare all bills, notices of dues payable and shall be the recipient of such dues, also keeping proper account. All monies collected will be transferred to the Treasurer. The Secretary will prepare a voucher for all bills approved by the officers and present the vouchers to the Treasurer for payment.
Section 9. The Treasurer shall receive all monies collected by the Secretary and shall deposit the same in a suitable bank or trust company previously approved by the officers. The Treasurer shall not disburse any monies without an approved voucher. All checks must be signed by any two officers. The Treasurer will prepare monthly reports to the officers.
Section 10. A Recording Secretary may be appointed by the President (subject to approval by the directors). His/her duties will be to take minutes of all meetings and such other duties as the Secretary may assign The Recording Secretary need not be a delegate or director and may be paid a salary as determined by the directors.
Section 11. The accounts of the Secretary and the Treasurer shall be examined by a CPA who shall be appointed by the officers. Commencing with the fiscal year ending December 31, 2015 and for each of the four (4) years thereafter, an annual compilation shall be prepared except that the President shall have the authority to request an audit at any time in addition to any scheduled compilation. An annual audit shall be prepared for the fiscal year ending December 31, 2020. Commencing with year 2021 and for every 5 years thereafter, there will be 4 successive annual compilations, one for each year, followed by an annual audit in year 5. All compilations and audits shall be for the fiscal year ending December 31 and must be completed by June 30 of the following year. A copy of the annual audit or compilation must be given to each Director. (Amended 5/12/16)
Section 12. Upon a two thirds (2/3) vote of the assembly of delegates, any officer may be removed from his/her office for failure to attend three or more meetings without reasonable justification or for failing to perform other duties of office. Written notice of the proposed removal shall be mailed to or personally served upon the officer at least 20 days prior to the meeting at which action is to be considered.
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