Bylaws of Rancho Santa Teresa Swim and Racquet Club

As amended September 25, 1994

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Table of Contents

PREAMBLE

ARTICLE I - Principal Office

ARTICLE II - Corporate Seal

ARTICLE III - Membership

Section 1 - Member age

Section 2 - Equal & Single vote per Membership

Section 3 - Number of Memberships allowed

Section 4 - Members to conform to Bylaws

Section 5 - Disciplining & suspension of Member by BOD

Section 6 - Member status while suspended

Section 7 - Extended privileges by BOD

Section 8 - Liabilities of Corporation

Section 9 - Damage assessment of Members

Section 10 - Notice of Meetings, Suspension or Deliquent Dues

ARTICLE IV - Members

Section 1 - Number of Memberships

Section 2 - RST Lot & Tract identification

Section 3 - Membership qualifications

Section 4 - Rights and privileges of a Member

Section 5 - Use of facilities

Section 6 - Resident privileges

ARTICLE V - Certificate of Membership

Section 1 - Owner and holder of a Certificate

Section 2 - Certificate form

Section 3 - Transfer of Certificate

Section 4 - Assignment of membership rights to a tenant

Section 5 - Loss or destruction of Certificate of Membership

Section 6 - Liability of Memberships in the corporation

ARTICLE VI - Dues and Assessments

Section 1 - Collection of any indebtedness

Section 2 - Limit of Dues payable

Section 3 - Limit of capital improvement expenditures

Section 4 - Dues & assessments exclusive of governmental taxes

Section 5 - Imposition of fines by BOD

Section 6 - Failure to pay and property lien

Section 7 - Posting of names of delinquent members

Section 8 - Transfer fee on issuance of Certificat of Membership

Section 9 - Membership assessments

ARTICLE VII - Membership Meetings

Section 1 - Annual Membership meeting

Section 2 - Annual Election meeting

Section 3 - Special meetings

Section 4 - Notice of meetings of the members

Section 5 - Membership voting

Section 6 - Majority vote

ARTICLE VIII - Directors

Section 1 - Powers of the corporation

Section 2

Section 2.1 - President

Section 2.2 - Directors

Section 3 - Vacancy in the office of Director

Section 4 - Quorum of the Board of Directors

Section 5 - BOD absence

Section 6 - BOD Compensation

Section 7 - Regular annual meeting of the Board of Directors

Section 8 - Powers and duties of the Board of Director

Section 9 - Appointment of standing committees

Section 10 - Meeting requirements

ARTICLE IX - Officers

Section 1 - Officers of the corporation

Section 2 - Appointive officers of the corporation

Section 3 - Removal of appointive officer from an appointive office

Section 4 - Principal executive officer of the corporation

Section 5 - Appointment of acting President

Section 6 - Duties of Secretary

Section 7 - Duties of Treasurer

ARTICLE X - Recall Procedure

Section 1 - Removal of an elected or appointed official of the corporation

Section 2 - Removal of an elected or appointed official of the corporation by membership

ARTICLE XI - Standing Committees

Section 1 - Appointment of Standing Committee Chairpersons

Section 2 - Standing Committees

ARTICLE XII - Amendments

Section 1 - Alteration of The Articles of Incorporation or Bylaws

Section 2 - As required by a governmental body or governmental agency

Section 3 - Presentation of Bylaw amendments to membership

ARTICLE XIII - Property Rights of Member

Section 1 - Undivided share of assets

ARTICLE XIV - Ownership of More Than One Residential Unit

Section 1 - Rights and obligations of member

ARTICLE XV - Severability Clause

Section 1 - Independent and severable provisions

CERTIFICATE