RSCC By Laws: Article VIII and IX
ARTICLE VIII
Assessment
Section 1: An annual assessment of fifteen (15) dollars for maintenance of the roads and a sum not to exceed twenty-five (25) dollars for the general fund shall be assessed each lot. Such assessment shall be submitted to each lot owner during the month of May.
Section 2: The Board of Trustees shall have the power to levy special assessments. Such special assessment will be put into effect unless, within thirty (30) days, a special meeting is requested by the lot owners as hereinbefore provided. Such special meeting must be held at least fifteen (15) days after it is demanded and before thirty (30) days after it is demanded.
Section 3: Assessments are due and payable to the corporation as its office within thirty (30) days after mailing to the lot owner's last known address of the Notice of such assessment. Interest at the rate of twelve (12) percent per annum shall accrue on assessments remaining unpaid thirty (30) days after such notification. Unpaid assessments shall be a lien upon the lot or lots owned by such a member, which lien, together with all expenses, attorney fees and costs reasonably incurred in enforcing the same, shall be enforceable by foreclosure proceedings upon expiration of four (4) months from and after date of mailing Notice of Assessment in the same manner as prescribed by statutes of the State of Washington, for the foreclosure of mechanic's liens.
ARTICLE IX
Amendments
Section 1: These By-laws may be amended at any time by vote, in person or by proxy, of a majority of the owners of lots within the jurisdiction of the corporation.
Section 2: These By-Laws may be amended at any time by two-thirds (2/3) vote of the Board of Trustees .
By Laws Navigation:
Article I | Article II and III | Article IV and V | Article VI and VII | Article VIII and IX