Revised:  8/14/08

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ARTICLE III:  MEMBERSHIP CATEGORIES

Section 3.01 – MEMBERSHIP CATEGORIES:

a.      Active Member:  Any agency, association, corporation, or individual, which services, owns and/or manages residential multi-family housing, subsidized or conventional, condominiums, commercial properties and/or single-family mobile home parks.

b.      Sponsoring Member:  Any corporation or individual who provides services for profit to those who own or manage subsidized or conventional housing.  This category might include, but is not limited to, lawyers, accountants, bankers, and consultants.

c.      Membership status shall be in effect following the payment of annual dues as set by the membership at the annual meeting.

Section 3.02 – VOTING:  Only active members shall have full voting rights.

Section 3.03 – DUES:  Dues are established by the Executive Committee at their discretion.  Payment of the established annual dues shall entitle Active members to all rights of membership.  Sponsoring Members are entitled to all benefits but may not vote.

ARTICLE IV:   OFFICERS

Section 4.01 – PRESIDENT:  The President shall preside at all regular meetings of general membership at which he/she shall be present.  He/She shall have and may exercise such powers as are from time to time assigned to him/her by the membership.

Section 4.02 – VICE PRESIDENT:  The Vice President, at the request of the President or in his/her absence or inability to act, shall have the duties and exercise the functions of the President.  The Vice President shall have other powers and perform such other duties as are from time to time assigned to him/her by the President or membership.

Section 4.03 – SECRETARY:  The Secretary shall be responsible for maintaining the minutes of the meetings of the Association, the sending of such notices as may be required and performing other duties as may be assigned by the President or membership.

Section 4.04 – TREASURER:  The Treasurer shall be responsible for maintaining the financial accounts of the Association, preparing financial reports, and performing all the duties incident to the office and such other duties as may be assigned by the President or membership.

Section 4.05 – TERM OF OFFICE (One (1) Year):  The members in good standing shall elect the officers at the Annual Meeting.  An officer serves for one year and/or until a successor is elected and qualifies.  The President and Vice President shall serve a maximum of three (3) consecutive terms.

Section 4.06 – OFFICER VACANCIES:  Office vacancies shall be filled by order of the Executive Committee.

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