Section I. Number and Qualifications – There shall be a Board of Directors consisting of five (5) persons, each of whom shall be a member of the Association and at least 21 years of age. A director need not be a resident of North Carolina or Virginia.
Section II. Election of Directors – Directors shall be elected annually by the voting members and shall serve until their successors are elected and qualified. Any vacancy occurring after the election shall be filled by appointment of the majority of the remaining members of the Board of Directors.
Section III. Term of Office – Each Director will serve a three (3) year term.
Section IV. Election of Officers
The President and Vice President shall be elected from the Board of Directors by the voting membership at the annual meeting.
At the first Board of Directors meeting following the annual business meeting, the Board of Directors shall elect a Secretary and Treasurer from the existing board.
Vacancies can be filled by the majority affirmative vote of the remaining Board of Directors.
The immediate past President shall serve in an advisory capacity for the Board with no voting privileges on the Board, unless he is also a current member.
Section V. Quorum – A quorum of the Board of Directors shall be three (3) of the Directors at any meeting and a majority of such quorum shall be necessary for corporate actions.
Section VI. Powers – The Board of Directors shall have general management and control of the business, property and affairs of the Association and may exercise the following:
To carry on the affairs of the Association.
To appoint such other officers and hire such employees as may be necessary for the carrying out of the purpose of the Association.
To appoint or authorize the President to appoint from the membership such committee, including the nominating committee as the Board of Directors deems necessary to carry on the affairs of the Association, which committees shall hold office at the pleasure of the Board.
To establish Rules and Regulations concerning the use and operation of the Association’s properties and other areas to be operated for the mutual benefit of the members and to enforce or cause to be enforced by its representatives said rules and regulations.
To enforce all building and all restrictive covenants imposed on the lots in Northampton Heights and Dividing Line as defined by the Northampton Heights-Dividing Line Covenants and Restrictions in order to maintain the general nature and character of the subdivision and the Association’s properties. The Board may delegate to any one or more members of the Board, the authority to represent the Board and act for it in enforcing subdivision Restrictive Covenants. (Formal grievance procedures on file with the Board of Directors shall be followed).
To exercise such other powers in the general management and control of business of the Association as are permitted by law and not expressly reserved for members.