ARTICLE VIII - OFFICERS SECTION 1. The President of the Membership, or in the absence of the President, the Vice-President, shall preside at all membership meetings. The presiding officer shall conduct such meeting as a neutral moderator. SECTION 2. The Secretary or Secretaries of the Foundation shall: a. Give written notice of all Board and Membership meetings to all members qualified to vote. Voting members absent from the community must have made proper arrangements to receive such notice. b. Record accurate and complete minutes of all Board and Membership meetings and post said minutes for a period of not less than 10 days after said meetings. c. Carry on such correspondence as may be directed by the Board of Directors or the Membership. d. Shall maintain accurate and complete files of all minutes and correspondence and other business of the Foundation. e. Keep and organize copies of by-laws and administrative policies of the Foundation and provide copies to all members. g. Organize and keep all minutes of Board and Membership meetings in a book which shall be available at all times to the Membership in the Community Center of the Foundation. SECTION 3. The Treasurer of the Foundation shall: a. Receive and pay out the monies of the Foundation. b. Keep accurate and complete records of all receipts, expenditures and other monetary transactions of the Foundation. c. Present financial reports at all regular Board of Directors and Membership meetings. d. Keep and maintain individual member accounts and issue monthly notices amounts due and past due. SECTION 4. Any officer, including Directors, may be recalled from their office at any regular or special meeting upon a two-thirds majority vote of the Members voting in person or by absentee ballot and constituting a quorum. Thereafter, a majority vote of Voting Members present and constituting a quorum, may elect a Voting Member to fill the vacant office for the duration of the unexpired term of that office. A quorum is defined as not less than six Voting Members. ARTICLE IX - BOARD OF DIRECTORS SECTION 1. There shall be an elected Board of five (5) directors and two alternate directors serving this community. SECTION 2. In consultation with the Membership, the Board of Directors shall conduct all routine business of the Foundation and shall conduct all other Foundation business upon authorization of the Membership. Routine business shall include improvements, maintenance, replacement or repair of the property of the Foundation of a value less than $500.00 per item or project. Routine business shall also include the approval of development fee payment plans by applicants; approval of renter's agreements and their renewal; and other matters and decisions as may be authorized by these By-Laws. All other business of the Foundation coming before the Board of Directors shall be referred to the Membership for their consideration. SECTION 3. No director shall receive any remuneration, nor shall they receive special rights or privileges by virtue of having so served. 4