The Board of Directors 

Per ARTICLE III – Board of Directors of the Village on the Creek Bylaws the follow contains the teminology of Section 1. Number and Qualification.

The affairs of the Association shall be governed by a Board of Directors. The Board of Directors shall be composed of five natural persons. All directors other than those designated by the Declarant shall be Unit Owners or spouses, officers, partners, agents or employees of Unit Owners or the Declarant. The Declarant shall have the exclusive right in its sole discretion to replace such Directors as may be selected and designated by it, and to select and designate their successors.

The following persons represent the Board of Directors as elected at the November 10, 2011 Annual Meeting.

President: Mark Workman      mark.workman@sbcglobal.net

Vice President: Scott McMillian      scottm@mcmilliannaro.com

Secretary: Paula Fair      paula@fairi.com

Treasurer: Phil Hobson      phobson@cvm.tamu.edu

Member at Large: Eddie Naro      enaro@miraclemethod.com

Per ARTICLE III - Board of Directors of the Village on the Creek Bylaws the follow contains the teminology of Section 2. Powers and Duties.

The Board of Directors shall have all of the powers and duties necessary for the administration of the affairs of the Association and may do all such acts and things as are not by the Condominium Act, the Declaration or these Bylaws directed to be exercised and done by vote of the Unit Owners. The Board of Directors shall have the power from time to time to adopt Rules and Regulations deemed necessary for the enjoyment of the Units provided the Rules and Regulations shall not be in conflict with the Condominium Act, the Declaration or these Bylaws. The Board of Directors shall delegate to one of its members the authority to act on behalf of the Board of Directors in all matters relating to the duties of the Managing Agent, if any, which might arise between meetings of the Board of Directors. In addition to the duties imposed by these Bylaws or by any resolution of the Association that may hereafter be adopted, the Board of Directors shall have the power to, and shall be responsible for, the following:

(a)     Preparation of an annual budget, in which there shall be established the required contribution of each Unit Owner to the Common Expenses.

(b)     Making assessments against Unit Owners to defray the Common Expenses, establishing the means and methods of collecting such assessments from the Unit Owners, and establishing the period of payment of any special assessments. The annual assessment against each Owner for his or her proportionate share of the Common Expenses shall be payable in equal monthly installments, with each such installment to be due and payable in the first day of each month for such months.

(c)     Providing for the operation, care, upkeep, replacement and maintenance of all of the Common Elements and services of the Condominium.

(d)     Designating, hiring and dismissing the personnel necessary for the meaintenance, operation, repair and replacement of the Common Elements and providing services for the Property, and, where appropriate, providing for the compensation of such work personnel and for the purchase of equipment, supplies and materials to be used by such personnel in the performance of their duties, which equipment, supplies and materials shall be deemed Common Elements.

(e)     Collecting the assessments against the Unit Owners, depositing the proceeds thereof in interest bearing or non-interest bearing accounts with a bank depository which it shall approve, and using the proceeds to carry out the administration of the Condominium.

(f)     Making and amending Rules and Regulations respecting the use of the Property.

(g)     Opening bank accounts on behalf of the Condominium and designating the signatories required therefor.

(h)     Making, or contracting for the making of, repairs, additions, and improvements to , or  alterations or restoration of, the Property in accordance with the other provisions of these Bylaws or the Declaration.

(i)     Enforcing the legal means the provisions of the Declaration, these Bylaws and the Rules and Regulations and bringing or defending against any proceedings which may be instituted on behalf of or against the Unit Owners.

(j)     Obtaining and carrying insurance as provided in the Declaration or these Bylaws, paying the premium cost thereof, and adjusting and settling claims thereunder.

(k)     Paying the cost of all services rendered to the Condominium that are not billed directly to Unit Owners, which shall be Common Expenses.

(l)     Keeping books with detailed accounts in chronological order of the receipts and expenditures affecting the Property,  and administration of the Condominium, specifying the maintenance and repair expenses and any other expenses incurred. Books and vouchers accrediting the entries thereupon shall be available for examination by Unit Owners and Mortgagees or their duly authorized agents or attorneys, during general business hours on working days. All books and records shall be kept in accordance with generally accepted accounting principles and the same shall be audited at least once a year by an independent certified public accountant employed by the Board of Directors. The cost of such shall be a Common Expense.

(m)     If previously requested, notifying the Mortgagee of any default by the Unit Owner of such Unit that continues uncured for more than 25 days.

(n)     Borrowing money on behalf of the Condominium when required in connection with any one instance relating to the operation, care, upkeep, repair and maintenance of the Common Elements, provided, however that (i) the consent of unit Owners having at least two-thirds of the aggregate Percentage Interests is obtained at a meeting duly called and held for such purpose before borrowing of any sum in excess of Fifteen Thousand Dollars ($15,000.00) and (ii) no lien to secure repayment of any sum borrowed may be created on any Unit without the consent of the Unit Owner and Mortgagee of such Unit. If any sum borrowed by the Board of Directors on behalf of the Condominium pursuant to the authority contained in this paragraph (n) in not repaid by the Association, a Unit Owner or Mortgagee who pays to the creditor such proportion thereof as such Owner’s Percentage Interest bears to the aggregate Percentage Interests in the Condominium shall be entitled to obtain from the creditor a release of any judgement or other lien against such Unit Owner’s Unit.

(o)     Exercising such rights as the Association may have as a member of any other organization or association.

(p)     Doing and performing all other acts and duties of the Board of Directors required by the Declaration and to do such other things and acts not inconsistent with the Condominium Act and with the Declaration which it may be authorized to do by a resolution of the Association.

VILLAGE ON THE CREEK CONDOMINIUM ASSOCIATION, INC BYLAWS