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200808925 and shall become delinquent if not paid within 30 days thereafter, and constitute until paid a continuing charge against and lien upon such lot. D. Capital Improvement. Extraordinary Expenses. and Property Disposition: Capital improvement, extraordinary expense, and property disposition shall be limited as follows: 1. General capital improvements and extraordinary general expenses of the Corporation financed by dues, charges or assessments of more than $25,000.00 for anyone fiscal year shall be undertaken only when no one person or entity holds more than 1/4th of the entire number of membership of the Association and upon recommendation ofthe Board of Directors accepted by a 3/4th vote ofthe entire number of membership of regular Meetings present in person or by proxy at any annual or special meeting. 2. Disposition by lease for more than five (5) years, sale or otherwise of any interest in real property owned by the Corporation shall be undertaken only upon recommendation of the Board of Directors accepted by a majority vote of the entire number of membership of regular Members present in person or by proxy at any annual or special meeting, or responsive to a vote thereon by mail. SECTION VI. RECORDS A. Books. Records and Reports: The books and records ofthe Corporation shall be maintained at its registered office or at such place as may be directed by the Board of Directors. SECTION VII. NOTICES AND STATEMENTS A. Notice of MeetilllZ of Members: Not less than 20 nor more than 30 days next preceding any annual or special meeting of the regular Members and special meeting of one or both of the membership classes, each such Member shall be given by mail sent to the address of such Member as last recorded with the Secretary, a written notice of the time, place and general purpose of each meeting. B. Statement of Assessments. Charges. or Other Matters: Not less than 20 nor more than 30 days next preceding the day for action thereon by any Member or membership class, each such Member therewith concerned shall be given by mail sent to the address of such member last recorded with the Secretary, a written notice or statement of any assessment or charges, cancellation of membership, disciplinary action, or recommendation of the Board of Directors to amend the Articles of Incorporation or these Bylaws, or any other matter or question submitted to the vote of the Members.