| BYLAWS OF VINTAGE AT
UNIVERSITY PLACE HOMEOWNERS ASSOCIATION
ARTICLE 3. BOARD OF
DIRECTORS
Section 3.1 General
Powers/Delegation
The business and affairs of the association shall be managed by the Board. The Board
may delegate the following day-to-day management duties of the association to any officer
of the association, or to a managing agent not a member of the Board or the association:
3.1.1 Supervision of the accounting records of the association, and the authority to
obtain or provide accounting services;
3.1.2 Collection of general or special assessments;
3.1.3 Performance and supervision of maintenance of the Common Areas of the
association;
3.1.4 Scheduling and providing notice of meetings of the shareholders, Board and any
association committees, and providing any other information to the members that the
officer or managing agent deems advisable in the administration of the association’s
business;
3.1.5 Procurement of insurance and legal assistance;
3.1.6 Proposal of late charges, rules and fines for their violation; and notification
of the imposition of late charges or fines for violation of rules of the association,
calculation of the amount of any late charges or fine proposed for such violation and
referral of the proposed late charges or fine to the Board for action; provided that any
late charge or fine imposed shall only be imposed after action by the Board taken in
compliance with RCW 64.38.020(11).
3.1.7 All acts which are described in writing by a resolution adopted by the Board in
the manner described in the Declaration, the Articles or these Bylaws, and are assigned to
such officer or managing agent by the terms of the resolution so adopted.
Section 3.2 Number, Tenure and Qualification
The Board shall be composed of three Directors; provided, however, that the number of
Directors may be changed from time to time by an amendment to these Bylaws, but no
decrease shall have the effect of shortening the term of any incumbent Director. In case
all the shares of the association are owned of record by fewer than three members, the
number of Directors may be less than three but not less than the number of such members.
Each Director shall hold office until the next annual or special meeting and until his
successor shall have been elected and qualified unless he resigns or is removed. Directors
need not be members of the association or resident of Washington State.
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