By-Laws Page No. 3

Continued from Page No. 2 of By-Laws

The following is posted on this Web Site for information purposes only:

SECTION XII
ASSESSMENTS

81. An annual assessment shall run against each lot inTwin Isles Subdivision. These assessments shall be due and payable in advance, to the Treasurer of the Twin Isles Property Owners Association, Inc. on or before the first (1st) day of July each year.
82. This fund shall be used for the development, maintenance and management of the roads, canals and park shown on the plat of Twin Isles Subdivision, and for the administration and operations of this Association and its Board of Directors.
83. These assessments shall be and are herby secured by a lien on each lot respectively, as follows:

a. If an assessment becomes thirty (30) days overdue, the Board will write the owner a polite remainder and ask if there are any reasons why the assessment remains unpaid.
b. If an assessment becomes ninety (90) days overdue, the Board will write the owner a polite letter advising him that unpaid assessments prevent the Board from accomplishing the purposes for which this Corporation was formed. The owner will be advised that unless a satisfactory explanation is given to the Board, or the amount due is paid, the Board is obliged to protect the interests of the other property owners by filing a lien against the property if the assessment is allowed to become overdue more that one hundred twenty (120) days.
C. If an assessment becomes more than one hundred twenty (120) days overdue and the Board has not received an acceptable explanation for the delay, the Board shall take steps to have a cumulative lien filed against that property, to include the following amounts:

(1). Assessments then overdue.
(2). Any future assessments that become overdue.
(3). Interest at the rate of twelve (12) percent per year, starting when each assessment became due.
(4). Reasonable attorney fees involved, to include filing the lien and any other legal action necessary to collect all these amounts.

SECTION XIII
RESTRICTIVE COV ENANTS

84. The “AMENDMENT TO RESTRICTIVE COVENANTS AND EASEMENTS FOR TWIN ISLES”, which is filed in the Deed Records of Burnet County in Volume 282, Pages 608-612, contains the restrictions, easements and basic policies governing Twin Isles. That document contains essential information and guidance concerning the use of the land and the conduct of residents and owners; easements; sewer systems; set back lines; restrictions on dwellings; etc. It is therefore essential that each Twin Isles Property Owner, and especially those who live in Twin Isles either full or part time, keep a copy of those “Covenants” on hand and use them in connection with By-Laws.
85. A copy of the “AMENDMENT TO RESTRICITIVE COVENANTS AND EASEMENTS FOR TWIN ISLES”, and other documents pertaining to Twin Isles, may be obtained from the Secretary at the cost of reproduction, which is about twenty-five (25) cents per sheet.

SECTION XIV
AUTHORITY

86. These By-Laws are in accordance with the provisions of the Texas Non -Profit Corporation Act; the Twin Isles Property Owners Association Charter (Number 548819); and the Amendment to Restrictive Covenants and Easements for Twin Isles Property Owners Association, Inc., and for members of Board of Directors of that Association, while conforming to the principles and polices laid down in the Covenants.

SECTION XV
COMPLIANCE

87. In addition to complying with the Purposes of the Association as set forth in our Charter, complying with the principles, policies and restrictions in our “Covenants”; and complying with the operational procedures of these By-Laws; each Member of this Association and each Member of its Board of Directors are enjoined to act in accordance with what is legal, considerate, proper, advisable, necessary and in the best interest of this Association. It is only through such exemplary conduct on the part of all Members of this Association that we can achieve our announced goals of insuring good health standards, property values and appearances, and thus make Twin Isles a pleasant and profitable place in which to live.

SECTION XVI
ENFORCEMENT

88. The vast majority of the Members of this Association can be depended upon to conduct themselves as described in the preceding paragraph. It is hoped that no Member, either through oversight or recalcitrance, fails to comply with the provisions and spirit of the documents cited above. This might require the Board of Directors to take legal action to enforce the provisions of those documents as they are required to do by paragraph forty-nine (49) preceding; if such action is necessary in order to protect the rights and interests of the vast majority of our Members who do comply, For example, tall grass, weeds, and brush become a serious fire hazard when dry, and at all times it provides a haven for snakes, rodents, skunks, redoubts and other pests. If the lot owner fails to have the lot mowed after being warned of the danger, the Board might be forced to have the lot mowed at the owner’s expense, and to file a lien in the mowing charge is not paid.
89. The best way to attain our goals of insuring good health standards, property values and appearances and making Twin Isles a pleasant and profitable place in which to live; is for all Members of this Association to work together towards those ends. For example, if any Member feels that someone is not complying with the spirit and provision s of our “Covenants” or By-Laws, those two property owners are encouraged to talk the problem over and reach a solution. Failure in this, either or both owners are invited to appear before the Board of Directors which will make a sincere effort to adjudicate the problem to the satisfaction of both parties.

SECTION XVII
MISCELLANY

90. This Association shall operate on a Fiscal year basis. Each Fiscal year shall begin July first (1st), and end at midnight on June thirtieth (30th) of the next calendar year.
91. When the Twin Isles Property Owners Association, Inc. is disbanded, any funds remaining in the treasury shall be used for the improvement of the park, roads or both.
92. The masculine form of personal pronoun is used in these By-Laws for convenience only and shall be construed to include the feminine also.
93. Robert’s Rules of Order, Revised, shall govern Parliamentary procedure at all meetings of this Association, its Board of Directors, and all other official Committees or groups of Members. The Secretary shall procure and maintain an up-to date copy of these Rules and have it available at all meetings.
94. No Member of this Association shall be held liable for the wrongful acts, conduct or omissions of any other Member, nor for personal injury or property damage suffered by any other Member or any other person while that Member or other person is within Twin Isles.
95. No Member of this Association shall have authority to bind the Association to any contract without the express written consent of the Board of Directors reflecting a majority vote of the Board and signed by two (2) Board Members, normally the President or Vice President and the Treasurer.
96. Each Member of the Association shall have the right to see any official record kept by the Secretary, the Treasurer of the Board of Directors. The procedure is to telephone, write or ask in person for an appointment with the proper custodian (Secretary or Treasurer) stating what information is desired. If the Member fails to obtain the desired information he may request the Board of Directors for assistance.
97. The invalidation of any portion of these By-Laws by judgment of any court shall in no wise affect any other portions of these By-Laws which remain in full force and effect.
98. The Secretary shall keep a supply of the documents listed below on hand, so the Members of this Association may purchase them at the cost of reproduction, presently about twenty-five (25) cents per sheet. (Note: Certified copies of the “Covenants” may be obtained at the County Clerk’s Office at one (1) dollar per sheet.):
a. “AMENDMENT TO RESTRICTIVE COVENANTS AND EASEMENTS FOR TWIN ISLES”
b. “BY-LAWS OF TWIN ISLES PROPERTY OWNERS ASSOCIATION, INC.”
c. “ARTICLES OF INCORPORATION OF TWIN ISLES PROPERTY OWNERS ASSOCIATION”, with “CERTIFICATE OF INCORPORATION” from the State of Texas.
99. The Secretary shall have these By-Laws reproduced and one copy sent to each Member of this Association, without charge. A letter of transmittal including a ballot for approval and stating the state by which the ballot is to be returned, will be included.
100. These By-Laws become effective when signed by a majority of the Board of Directors and ratified by a majority of the Twin Isles Property Owners, or by a majority of those owners attending the Regular Annual Meeting, provided a quorum is present at that time.

SECTION XVIII
ADMENDMENTS

101. Any proposed Amendment to the By-Laws must be submitted to the Board of Directors in writing. If the Board approves the proposed Amendment it will be presented to the Members of this Association at the nest Annual Meeting of the Association. If the proposed Amendment is of such importance and so urgent as to warrant a Special Meeting of the members of this Association, the Board of Directors may call such a Special Meeting of this Association to consider the proposed Amendment.
102. Any proposed Amendment to these By-Laws submitted to the Board of Directors in writing and signed by at least twenty-five (25) percent of the Twin Isles Property Owners will be submitted to the Members of this Association at its next Annual Meeting, whether or not the Board approves the proposed Amendment. If the proposed Amendment is considered to be so important and urgent, a Special Meeting of the Association may be called by the Board.
103. When and if these By-Laws require revision, the President shall appoint a By-Laws Committee consisting of three (3) property owners, not more than one (1) of whom shall be a Member of the Board of Directors. The Board shall submit any approved revision proposals to the Members of this Association attending the next Annual Meeting of the Association. If the proposed revisions are considered to be so important and urgent as to warrant convening a Special Meeting of Members of the Association, the Board of Directors may all such a Meeting.
104. Whenever a proposed Amendment or Revision is t be submitted to an Annual or a Special Meeting of Members of the Association, the Secretary shall include a copy of the proposed Amendment or Revision in the notice of the Meeting sent to all Twin Isles Property Owners.
105. If the proposed Amendment or Revision receives a favorable vote of the majority of the Twin Isles Property Owners attending that meeting, and provided a quorum was present at the time, the Amendment or Revision voted upon is approved. The Board of Directors shall take the proper action to include them in the By-Laws, The Secretary shall notify the owners of the action taken at the Meeting and send each owner a copy of the approved Amendment or Revision, for inclusion in their copy of the By-Laws.

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