CONSTITUTION(updated 2010)
ARTICLE I - NAME
Section I The name of this organization shall be known as the Greenwood Park Bells Lake Community Club.
ARTICLE II PURPOSE AND POWERS OF THE COMMUNITY CLUB
Section I This Community club does not contemplate pecuniary gain or profit to the members thereof: and the specific purpose for which it is formed are to:
ARTICLE III NATURE OF THE COMMUNITY CLUB
Section I - This Community Club shall be non-political, non-profit, non-sectarian and shall not be used for the dissemination of partisan political principles or for the promotion of the candidacy of any person seeking public office or preferment.
ARTICLE IV MEMBERSHIP
Section I Membership shall be as provided for in the By-Laws.
ARTICLE V VOTING RIGHTS
Section 1 Qualifications for voting shall be as set forth in ARTICLE VIII, Section 2 of the By-Laws.
ARTICLE VI BOARD OF DIRECTORS
Section 1
ARTICLE VII MEETINGS
Section 1 General membership meetings shall be as provided for in the By-Laws.
ARTICLE VIII ANNEXATION OF ADDITIONAL REAL ESTATE PROPERTIES
Section 1 The Community Club may at any time annex additional properties and or common areas to the properties stated in Article II, Section 1(b) hereof.
ARTICLE IX DISSOLUTION
The community club may be dissolved with the assent given in writing by not less than three fourths (3/4) of the entire voting membership. Upon dissolution of the Community Club the assets, both real and personal of the Community Club, shall be dedicated to any non-profit corporation, association, trust or other organization to be devoted to purposes and uses that would nearly reflect the purposes and uses to which they were required to be devoted by the Community Club. If they do not accept, it shall be dedicated to an appropriate public agency who would be devoted to purposes as nearly as practicable to the same as those to which they were required to be devoted by the Community Club. In the event that such dedication is refused acceptance, such assets shall be granted, conveyed and assigned. It shall not be possible to purchase, sell, transfer, convey or otherwise dispose of real property owned by the Community Club, unless voted at a meeting where the amendments Quorum rules apply. It is not the intent of the Community Club to sell or dispose of real property which is used for recreational purposes.
ARTICLE X DURATION
The corporation shall exist perpetually.
ARTICLE XI AMENDMENTS
This Constitution may be amended only after the Holders of Membership Certificates as in Article II, Section 1(b) have been notified in writing of a meeting not less than fifteen (15) days, nor more than thirty (30) days in advance, stating the changes to be made. Fifty percent (50%) attendance of these Holders of Membership Certificates shall constitute a quorum at a constitution amendment meeting. If this quorum is not met, another meeting may be called subject to the above. Notice requirements not less than thirty (30) days, nor more than sixty (60) days after the first meeting. At this meeting attendance of twenty-five percent (25%) of these Holders of Membership Certificates shall constitute a quorum. After these quorum rules have been met, Ύ vote of the Holders of Membership Certificates present is needed to approve the amendment.