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<br />FRCM : I'brthrup ASSociates Inc <br /> <br />e <br /> <br />PHONE NO. : 713 463 5B39 e <br /> <br />Feb. B9 1999 1B:49RM P4 <br />II'; ,;\ r~ ~r <br />L~ Lll L,J If U <br /> <br />ARnCLE VIII. <br /> <br />AS~~ <br /> <br />span 8.1 Ea.c!l Own~ is ablipred to PoY to Ehe Association ce:taiD annual aad <br />~ assessmentS which are secured by a cantiDuiDl1i= upon rhe prt)pe1'ty against which tbe <br />as~f!nnc:nt is made. MY ~~CDts wl1ich are net pa1cl wb.ea due shall be ddinqucDt. 11 tile <br />assessment !is Dot paicl wi.thin thirty (30) days aficr tile due dare, the. ~-,"",mt shall bear <br />fD=est at the Default Rate as dCined !It the Dec1azatioa, and the A~atlOA may briq aD <br />ac:i01l at law against the Owner pemnaI1y obligated to pay tho same or fcm:dase the Ii= :lp.;nct <br />the pttlpcrty, aDd ~ com, and rcascmable attmnc:yls fees olany such a.cti.aa sbal1 bea.dded <br />to the amount at suCh assessmea&. No 0wDcr may; waive OJ' o~ iesc:ape liability for the <br />mcssmenrs pmvided far == by 3bmdol1lDCDl at said Owner's Tnct. <br /> <br />AI.TlCLE IX. <br /> <br />. MJSCELI.ANEdaS <br /> <br />to <br /> <br />Section 9.1. Cmrenant 1D ~ LaM. Rules and ~Iation!!. Eada Mcmba- sbaIl be <br />subject to tho Declaration aDd shall abide by t!la liyJawsaad 1lutcs aDd ~ as the same <br />an: or may &om lime fa time be ~b1i~hed by tho Board of Diredon. Each!4emhc:r sid <br />obx::ve, comply wiIh, aDd pcd'orm all mIcs, quladaas, ordmaaces and Jaws DWfe by .y <br />. govemmcnlaJ authority of lAY maaicipal, state ami Cedezalloyemmeat haWJa jurisdidian 0Yf:I <br />the Pl"9CdY or any pm th=eot. <br /> <br />~cn 9.2.. F1~' YeM'. '!'he fiscal year. af tbp As~i'atJ9I1 shall bqiD em tbe fim day <br />of lanuary and end aD tba 31st day ofDecembe: of every year, =cepe Chat the flrsc fiscal yr:zr <br />sbaIl begin on the date 01 mcozpor.ation.. <br /> <br />. Section 9.3. . ~mendmem. 'Ibese Bylaws f!J21 be :Imf!PI~, at a quIar or special <br />mc:edng 01 the )l~mhm, by umsttumcnt sipal by the Members hcIdiq !IOtlas thaa zv=ty:. <br />five per=1t \155) of the.votes ot tbe ~t;cll or by an inmumcD& sipc4 by the P%esIdcnt <br />af tbe A~oll !l~~n& tbal such iasuumcnt was appmved by Y.ez;nber:s ~~1M to vore <br />seYeDly-five ~ C1S~) of 1he voccs of the A'J--tufoa at a mcednS of the M=lben called <br />far mdI ~ <br /> <br />. . <br />Seeticn 9.4. Conf1iqt!. In the case olany coDf1ict between the Ardd.es oIYDcarpa1a1faD <br />and these Bylaws, dJc Az6d.es of Inc:orpoatioa. shaD coatrc1; aDd hi tho case of any _f1tl!!t <br />betwec:n the Dcc1araIi= aad 1hI:se ByIa.ws 01' the A%t!c1es ofInCQrpol'atiOD, the Decbratioa shaD <br />contIoL <br /> <br />~ CZSG5M I5CIC ~ <br /> <br />8 <br />