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Tuesday, October 28, 2025

NH-DL By-Laws

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Section I. Contracts – The officers and Board of Directors may authorize any office or officers, agent or agents, to enter into any contractor execute and deliver any instrument in the name of and on behalf of the corporation, and such authority may be general or confined to specific instances.  Membership approval is required on expenditures of funds that exceed $500.00.

Section I. Dues – Annual dues are currently $50.00 per lot per year for each lot owned by the membership of the corporation. Changes to the annual dues will be in accordance with Section G of the Northampton Heights-Dividing Line Covenants and Restrictions. A late fee of 20% of the unpaid dues will be assessed to cover administrative costs.

Section I. Change of By-Laws – Any voting member at any time may submit in writing to the Secretary a proposed change in the By-Laws of the Northampton Heights – Dividing Line Property Owners Association, Inc. Any change in the By-Laws requires approval of the Board of Directors prior to presentation at a general membership meeting.

The books, records and papers of the Association shall, be subject to inspection by any member with reasonable cause.  Request for inspection shall be submitted in writing to a member of the Board of Directors.  The request will state which books, records, and papers are to be inspected.  The Board of Directors will have a reasonable amount of time to schedule the inspection.

All funds paid into the Association, regardless of their source, shall be used for the purposes and objectives set forth in the charter of the corporation.  In no event shall any profit or income be paid to any member or to any person, firm or corporation construed to prevent a member from accepting employment for which he may receive just and proper compensation.  No member shall, by virtue of his membership, be precluded from selling supplies and materials to the association at fair market values.