Forest Glen Inn
AMENDED AND RESTATED BYLAWS OF FOREST GLEN INN OWNERS ASSOCIATION, INC.
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ARTICLE I
NAME, PURPOSE AND PRINCIPAL OFFICE
Section 1. The following Bylaws shall govern the operation of the "Forest Glen Inn Owners Association, Inc." It is a not-for-profit corporation organized under New Hampshire RSA Chapter 292.
Section 2. The purpose of this Association is:
- a) To operate as a residential real estate management association to provide for the management, maintenance and care of Forest Glen Inn, and to perform such other functions as set forth in the Articles and these Bylaws, as from time to time amended.
- b) To administer the affairs of the Forest Glen Inn for the present and future enjoyment of all Members.
Section 3. The principal office of this Association is located at the Inn.
ARTICLE II
DEFINITIONS
Section 1. "Association" means the Forest Glen Inn Owners Association, Inc.
Section 2. "Articles" means the Articles of Association of the Forest Glen Inn Owners Association, Inc. entered into on August 20, 1979, pursuant to the provisions of Chapter 292 of the Revised Statutes Annotated of the State of New Hampshire, and other laws and statutes of said State relating thereto.
Section 3. "Common Facilities" means all of Forest Glen Inn, except Units.
Section 4. "Board" means the Board of Directors of the Association.
Section 5. "Declaration" means the Declaration of Covenants, Easements, and Restriction by Forest Glen Inn, Incorporated, dated August 20, 1979, recorded at the Carroll County Registry of Deeds at Book 46, Pages 25 and 26.
Section 6. "Director" means an individual serving as a Director on the Board of Directors of the Association. The qualifications of a Director are stated in ARTICLE IV, Section 5 hereof.
Section 7. "Forest Glen Inn" means the property, both land and building, described in Schedule A to the Declaration, comprising 6.68 acres of land (revised Thorne survey 1192 -6.64 acres), more or less, located at the easterly end of Artist Falls Road, North Conway, New Hampshire.
Section 8. "Inn" means the residence building only of Forest Glen Inn.
Section 9. "Interval" means seven consecutive days established for the exclusive use of a Unit and described as an "Interest" in the Articles and Declaration. There are 50 Intervals associated with each Unit. The remaining two consecutive seven-day periods are "Maintenance Periods" and are reserved to the Association for purposes of maintenance and repair and do not constitute "Intervals" for the purpose of these Bylaws.
Section 10. "Good Standing" means current in payment of all fees, levies, and other charges and supplementary assessments.
Section 11. "Manager" means the person or entity appointed by the Directors to carry out certain delegated responsibilities of the Association.
Section 11. "Member" means a member of the Association. All Owners are Members. Members enjoy the right to occupy a Unit exclusively during his/her designated Interval and to use the Common Facilities of Forest Glen Inn in common with other Members, subject to satisfaction of his or her obligations as an Owner and Member under the Resort Instruments. Only Members who are in Good Standing may vote in accordance with these Bylaws
Section 12. "Owner" means the purchaser of an Interval. There may be one or more Persons and/or corporations that are Owners of a particular Interval.
Section 13. "Person" means an individual, a business entity or a trust.
Section 14. "Resort Instruments" means the Declaration, Articles, these Bylaws, the Agreement for Purchase of Timesharing Interest and any rules, policies or procedures adopted by the Directors, all as may be amended from time to time.
Section 15. "Unit" means any one of the residential rooms located in the Inn, including the equipment and furnishings contained therein. The Units consist of 1 bedrooms and studios. The boundaries of the units including the horizontal and vertical boundaries are as follows: The interior surfaces of all perimeter walls are the vertical boundaries of each unit, and the interior surfaces of the lowermost floors and the uppermost ceilings are the horizontal boundaries of each unit.