HOMEOWNER’S ASSOCIATION

Olde River Condominiums Homeowner’s Association, Inc., is a non-stock, not for profit Wisconsin corporation (Association) formed and organized to serve as an association of Unit Owners who own units in Olde River Condominiums. The fiscal year of the Association shall begin on January 1 and end on December 31 every year. Unit Owners shall have one (1) vote for each unit owned regardless of the number of occupants of the unit. The Association traditionally holds its Annual Meeting in May and a Budget Meeting in November of the fiscal year. Additional meetings may be called as needed. See the Bylaws of the Association, Articles I and II for more information.

BOARD OF DIRECTORS

The affairs of the Association shall be governed by the Board of Directors. The Board of Directors shall have the powers and duties as are necessary for the administration of the condominium property. The Association Board of Directors shall consist of three (3) persons, serving three (3) year terms. The principal officers of the Association shall be President, Secretary and Treasurer to be elected by the Unit Owners as their terms expire. Regular meetings of the Association Board of Directors may be held at such time and place as shall be designated from time to time by a majority of the Directors, but at least one such meeting shall be held during each fiscal year. The current Board meets quarterly on the third Tuesday in March, June, September and December. Additional meetings are called as needed. See the Bylaws of the Association, Articles III and IV for more information.