Section I. Membership— Each legal owner of an equitable title to property in Northampton Heights or Dividing Line Subdivisions located in Northampton County, North Carolina and Brunswick County, Virginia, shall be a member of the Association. For the purpose of determining membership such ownership will be deemed to have vested upon delivery of a duly executed deed or contract to the grantee or vendee upon request, and terminated or transferred when said interest is conveyed to a subsequent owner of the legal or equitable title. Any member who has failed to pay his dues for the current year as set forth in Article VII shall be ineligible to vote until payment is made.
(a) It shall be the member’s duty to notify the secretary of the sale of the property as to the lot number and to whom, it was sold.
Section II. Voting Rights.The Association shall have one class of voting membership. A member as defined in Section I, shall be entitled to one vote on each matter submitted to the membership.
Voting members must register with the secretary at the beginning of the annual business meeting or any other specially called meeting. The secretary shall announce to the general membership the total number of qualified votes on record for the purpose of transacting business at the meeting.
Proxy Voting — Avoting member may vote by proxy executed in writing by the voting member or his duly authorized attorney in fact. All proxies shall be in writing and filed with the secretary prior to the start of the business meeting. See Article V. Section III. Any proxy given by a person who shall not be a qualified voting member at the date of the meeting and any proxy given more than eleven (11) months before the date of the business meeting shall be void.
Section III. Quorum – A quorum shall consist of twenty five (25) percent of the qualified votes including proxies. A vote of the majority of the quorum shall be necessary for corporate action.