Mount Vernon Community

Key facts from Mount Vernon Community's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Mount Vernon Point Community Association, Inc. (Document title and opening line)

Governing law

Georgia Not for Profit Corporation ("Georgia Not for Profit Corporation" in )

Reserves & fees

Within 60 days following end of every calendar year, Board must deposit 85% of excess operating revenue/cash into an interest-bearing reserve account. Funds to be used exclusively for future capital expenditures and/or unexpected Common Are (Amendment 3.22: "Within 60 days followin)

Voting & meetings

Members have voting rights. A 2/3 vote of the membership is required to authorize use of reserve funds for operating expenditures. Members authorized the incorporation of these Bylaws by petition signature. ("Reserve funds cannot be utilized for op)

Amendments

The amendment was submitted by the Board of Directors to the Membership and Declarant, and authorized by petition signatures from Members and Declarant. ("The Board of Directors submitted the Me)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.