| On May 21, 2007 at a special meeting of Maple Hill
Homeowners Association, the required majority of owners voted in favor
of these amendments to the Covenants, Conditions and Restrictions of the
Maple Hill Homeowners Assoc. These amendments and additions are
effective immediately, and will be recorded with the State of Idaho, Ada
County office. |
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Additions and amendments are in italic print and underlined
ARTICLE II
STOCKHOLDER QUALIFICATIONS
1. (a.) Effective immediately, any transfer of ownership shall be
subject to a $250 transfer fee, payable to Maple Hill Homeowners’
Association on the date of title transfer from the previous owner to the
new owner.
ARTICLE III
VOTING RIGHTS
The corporation shall have one class of voting stock. Each stockholder
shall be entitled to cast one vote or fractional vote as set forth
herein for each lot in which he holds the interest required for stock,
unless voting rights have been suspended by Corporation action
taken under Article IV, Section 2 of this Declaration.
ARTICLE IV
PROPERTY RIGHTS
2.b. The right of the Corporation to suspend any stockholder’s voting
rights and/or right to use any of the recreational facilities, or
common area owned by the Corporation, for any period during
which any assessment against said stockholder’s property remains unpaid;
or for which any noncompliance with the Declaration, Articles or
Bylaws has been declared by the Corporation with notice in writing of
such noncompliance having been delivered to the stockholder. All rights
and privileges of stockholder will be reinstated when stockholder pays
outstanding assessment(s) or comes back into compliance.
DELETE “and for a period not exceeding thirty (30) days for each
infraction of its published rules and regulations;
ARTICLE V
MAINTENANCE ASSESSMENT AND MORTGAGEE RIGHTS
7. Effect of Nonpayment of Assessments, Remedies of the Corporation. Any
assessments which are not paid, when due, shall be delinquent. If the
assessment is not paid within thirty (30) days after the due date,
the assessments shall bear interest from the date of delinquency at a
rate of eighteen percent (18%) per annum, compounded monthly.
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