BYLAWS OF THE THREE MILE LAKE CORPORATION
ARTICLE I
PURPOSES
To promote and to operate as a community of common interest to try to preserve, protect and enhance the waters and watershed, land values, enjoyment of property and social relations at Three Mile Lake
and Little Three Mile Lake, Van Buren County, Michigan. To buy, sell, hold, lease and control real or personal property as may be incidental to the foregoing purposes, but not for profit.
ARTICLE II
MEMBERSHIP
SECTION 1: All memberships are on a family basis.
SECTION 2: The following are eligible for membership in the Corporation upon payment of an annual membership fee to be determined by the board of directors:
A. A family owning real estate with Three Mile Lake or Little Three Mile Lake frontage.
B. A family owning real estate not with Three Mile Lake or Little Three Mile Lake frontage, provided a two-thirds (2/3) vote of the Board of Directors present at any regularly scheduled meeting of the Board
determines that the applicant shares a common interest in the purposes of the Corporation and approves membership.
C. A family not owning, but residing on real estate with Three Mile Lake or Little Three Mile Lake frontage; provided two-thirds (2/3) of the Board of Directors approves membership at any scheduled meeting
of the Board.
SECTION 3: Membership is effective each calendar year from January 1st thru December 31st and terminates whenever the applicable membership eligibility requirement lapses or upon voluntary
withdrawal by member family.
ARTICLE III
VOTING AND OFFICE HOLDING
SECTION 1: Each member family shall have one (1) vote. Any adult member may exercise that vote.
SECTION 2: Each member family is limited to one office holding on the Board of Directors.
SECTION 3: Unless otherwise specified in these By-Laws, any vote is determined by a simple majority of those present and voting at any meeting where a quorum is present as defined in these By-Laws.
ARTICLE IV
GOVERNMENT AND BOARD OF DIRECTORS
SECTION 1: The Board shall consist of up to eleven (11) members. A director must be at least eighteen (18) years of age. A director shall serve a three (3) year term. Terms of office shall be staggered so that at each annual meeting three to four expiring terms and any other Board vacancies will be filled by election by the general membership.
SECTION 2: The Board members so elected will select from their number a President, Vice- President, Secretary and Treasurer to act in that capacity for one (1) year.
SECTION 3: The Board of Directors shall have the power to promulgate and enforce all rules and regulations pertaining to the operation of the Corporation. The Board may not spend in excess of $ 1,000.00
in any transaction without prior approval of the members obtained at a duly convened meeting of the membership. The Board may do and perform any act that the Corporation may lawfully do and perform.
SECTION 4: The Board of Directors shall cause to be kept a complete record of all its acts and proceedings and shall present said record to the membership at the next regular general membership
meeting.
SECTION 5: No business shall be conducted at any meeting of the Board of Directors unless a quorum of at least 50% of the Board of Directors is present.
SECTION 6: In the event any member of the Board of Directors resigns, is removed involuntarily for cause by a two-thirds (2/3) vote of the Board of Directors, or is unable to perform his/her duties before the
expiration of the directors term, the Board of Directors may appoint an interim board member as a replacement until the next annual meeting when an election will take place to fill the vacancy for the
remainder of the term.
ARTICLE V
MEETINGS
SECTION 1: There shall be a general membership meeting in June of each year and this shall be known as the annual meeting. Thirty (30) days written notice must be sent to all members prior to the
meeting.
SECTION 2: Special meetings may be called by the Board of Directors at any time.
SECTION 3: No business requiring a vote of the general membership shall be conducted at any annual meeting or special membership meeting unless there are at least twenty-five (25%) percent of all
member families represented.
ARTICLE VI
ELECTIONS
SECTION 1: The President may appoint a nominating committee to report to the annual meeting. Additional nominations may be made from the floor by the membership.
SECTION 2: Balloting may be by secret ballot, at the discretion of the board.
ARTICLE VII
DUTIES OF OFFICERS
SECTION 1: The duties of the officers of this Corporation shall be those customarily associated with the titles of such officers.
SECTION 2: In addition, it shall be the duty of the Treasurer to file an annual financial report at the annual meeting that covers the period of the previous calendar year, and report on the financial condition
of the corporation at each board or membership meeting.
ARTICLE VIII
AMENDMENT
These By-Laws may be amended by a two-thirds (2/3) vote of the members present at any annual or special meeting.
ARTICLE IX
COMMITTEES
SECTION 1: Committees may be appointed by the Board of Directors to further the purposes set forth in the By-Laws of the Three Mile Lake Corporation. These committees shall act at the sole discretion of
the Board of Directors.
SECTION 2: Committees shall consist of not less than three (3) or more than seven (7) members of the Three Mile Lake Corporation. The members so appointed will select from their number a chairperson
to report to the Board of Directors.
SECTION 3: Committee actions and expenditures must have prior approval of the Board of Directors. After approval, the committee will then be acting as a representative of the Board.
SECTION 4: A committee may be dissolved by the Board of Directors.
ARTICLE X
DISSOLUTION
Dissolution of this Corporation shall be as provided in the Michigan General Corporation Act.
Adopted August 1, 2000 Revised: July 15th, 2017