ALTERATION OF ARTICLES AND RULES

 

  • The Articles and the Rules or any of them may, from time to time, be altered by Resolution of any General Meeting. In as much as seven clear days' notice of a General Meeting must be given to every member, it follows that a notice of a motion to alter the Rules must be lodged with the Secretary a sufficient number of days before the date proposed to convene a General Meeting at which the motion shall be put to enable the Secretary to include the motion in the notice convening the General Meeting.
  • A copy of the revised Articles and Rules shall be delivered to every shareholder of the Company within 30 days of the meeting at which the resolution was carried. All new residents shall receive a copy when they move onto the Estate.
  • If at any General Meeting a Resolution for the dissolution of the Association shall be passed by a majority of owners present, and such Resolution shall at a Special General Meeting held not less than one month thereafter at which not less than one half of the members shall be present in person or by proxy be confirmed by a Resolution passed by a majority of two-thirds of the members voting there on the Board shall thereupon or at such future date as shall be specified in such Resolution proceed to realise the property of the Company, and after the discharge of all liabilities shall divide the same equally among all shareholders, and upon the completion of such division the Company shall be dissolved.