BYLAWS SHARPSTOWN C I V I C ASSOCIATION, INC.

TABLE OF CONTENTS ARTICLE I IDENTIFICATION Page

S e c t i o n 1 - Name 1 S e c t i o n 2 - R e g i s t e r e d O f f i c e a n d R e g i s t e r e d A g e n t 1 S e c t i o n 3 - S e a l 1 S e c t i o n 4 - C a l e n d a r Y e a r 1

ARTICLE I I MEMBERS

S e c t i o n 1 - M e m b e r s h i p C l a s s e s 1 S e c t i o n 2 - Dues 2

ARTICLE I I I MEETING OF MEMBERS

S e c t i o n 1 - P l a c e o f M e e t i n g s 2 S e c t i o n 2 - A n n u a l M e e t i n g s 2 S e c t i o n 3 - R e g u l a r M e e t i n g s 2 S e c t i o n 4 - S p e c i a l M e e t i n g s 3 S e c t i o n 5 - N o t i c e o f M e e t i n g s - W a i v e r 3 S e c t i o n 6 - V o t i n g a t M e e t i n g s 3 S e c t i o n 7 - Quorum 3 S e c t i o n 8 - M a j o r i t y V o t e 3 S e c t i o n 9 - E l e c t i o n o f O f f i c e r s a n d D i r e c t o r s 4 S e c t i o n 10 - P r o x i e s 4 S e c t i o n 1 1 - C u m u l a t i v e V o t i n g 4

ARTICLE I V THE BOARD OF DIRECTORS

S e c t i o n 1 - Q u a l i f i c a t i o n 4 S e c t i o n 2 - Number a n d E l e c t i o n 4 S e c t i o n 3 - T e r m 4 S e c t i o n 4 - V a c a n c i e s 5 S e c t i o n 5 - P l a c e o f M e e t i n g s 5 S e c t i o n 6 - R e g u l a r M e e t i n g s 5 S e c t i o n 7 - S p e c i a l M e e t i n g s 5 S e c t i o n 8 - Quorum 5 S e c t i o n 9 - D e l e g a t i o n o f A u t h o r i t y 5 S e c t i o n 10 - Loans a n d D i s t r i b u t i o n s 6 S e c t i o n 11 - Removal o f D i r e c t o r s 6

ARTICLE V OFFICERS

S e c t i o n 1 - O f f i c e r s 7 S e c t i o n 2 - E l e c t i o n o f O f f i c e r s 7 S e c t i o n 3 - V a c a n c i e s 7 S e c t i o n 4 - D u t i e s 7 S e c t i o n 5 - Removal o f O f f i c e r s 8

ARTICLE V I INDEMNIFICATION OF OFFICERS AND DIRECTORS

S e c t i o n 1 - I n d e m n i f i c a t i o n 8 S e c t i o n 2 - F a i l u r e t o I n d e m n i f y 8 S e c t i o n 3 - I n s u r a n c e 8

ARTICLE V I I AMENDMENTS

S e c t i o n 1 - By Members 9 S e c t i o n 2 - D e l e g a t i o n o f A u t h o r i t y t o B o a r d 9

ARTICLE V I I I IMMEDIATE PAST PRESIDENT 9 CERTIFICATE 1 0

BYLAWS OF

SHARPSTOWN C I V I C ASSOCIATION, INC.

ARTICLE I

IDENTIFICATION

SECTION 1 . NAME.

The name o f t h e c o r p o r a t i o n i s SHARPSTOWN C I V I C ASSOCIATION, INC.

SECTION 2. REGISTERED OFFICE AND REGISTERED AGENT. The a d d r e s s o f t h e r e g i s t e r e d o f f i c e o f t h e C o r p o r a t i o n s h a l l be

s u c h o f f i c e as d e s i g n a t e d b y t h e A r t i c l e s o f I n c o r p o r a t i o n , a nd t h e name o f t h e r e g i s t e r e d a g e n t s h a l l be as s e t f o r t h i n t h e A r t i c l e s o f I n c o r p o r a t i o n . The B o a r d o f D i r e c t o r s , a t a n y r e g u l a r o r s p e c i a l m e e t i n g , may f r o m t i m e t o t i m e c h a n g e t h e r e g i s t e r e d a g e n t and t h e a d d r e s s o f t h e r e g i s t e r e d o f f i c e o f t h e C o r p o r a t i o n .

SECTION 3. SEAL.

The s e a l o f t h e C o r p o r a t i o n s h a l l be c i r c u l a r i n f o r m a nd m o u n t e d u p o n a m e t a l d i e , s u i t a b l e f o r i m p r e s s i n g t h e same upon p a p e r . A b o u t t h e u p p e r p e r i p h e r y o f t h e s e a l s h a l l a p p e a r t h e w o r d s SHARPSTOWN C I V I C ASSOCIATION, INC. a n d i n t h e c e n t e r "CORPORATE SEAL 1976 TEXAS".

SECTION 4. CALENDAR YEAR.

The C o r p o r a t i o n s h a l l be on a C a l e n d a r Y e a r b e g i n n i n g w i t h t h e f i r s t d a y o f J a n u a r y i n e a c h y e a r t o t h e 3 1 s t d a y o f December o f e a c h y e a r .

ARTICLE I I

MEMBERS

SECTION 1 . MEMBERSHIP CLASSES.

M e m b e r s h i p i n t h e A s s o c i a t i o n s h a l l be d i v i d e d i n t o f o u r c l a s s e s as f o l l o w s :

A. S i n g l e - Any s i n g l e i n d i v i d u a l r e s i d i n g w i t h i n t h e g e o g r a p h i c a l a r e a d e s c r i b e d i n t h e A r t i c l e s o f I n c o r p o r a t i o n .

B. F a m i l y - A f a m i l y h o u s e h o l d c o n s i s t i n g o f a h u s b a n d a n d w i f e , o r e i t h e r o n e , aria c h i l d r e n t h e r e o f , s i t u a t e d w i t h i n t h e g e o g r a p h i c a l a r e a d e s c r i b e d i n t h e A r t i c l e s o f I n c o r p o r a t i o n .

C. A s s o c i a t e - Any p l a c e o f b u s i n e s s o r p r o f e s s i o n a l o f f i c e s i t u a t e d w i t h i n t h e g e o g r a p h i c a l a r e a d e s c r i b e d i n t h e A r t i c l e s o f I n c o r p o r a t i o n .

D. H o n o r a r y - The B o a r d o f D i r e c t o r s may f r o m t i m e t o t i m e e l e c t h o n o r a r y members.

SECTION 2. DUES

f o l l o w s : The a n n u a l dues f o r m e m b e r s h i p i n t h e C o r p o r a t i o n s h a l l be as

Yy.e>c. * * * * * A. S i n g l e - $50.00 p e r y e a r , w h i c h does n o t i n c l u d e C o n s t a b l e s

o n P a t r o l * w i t h a $5.00 d i s c o u n t i f p a i d b y December 3 1 * * $H>0.00 p e r y e a r s p e c i f i c a l l y a l l o c a t e d t o c o s t o f c o n t i n u i n g C o n s t a b l e s on P a t r o l *

B. F a m i l y - £5Q-»-0.0 p e r y e a r , w h i c h d oes n o t i n c l u d e C o n s t a b l e s o h P a t r o l * w i t h a $5.00 d i s c o u n t i n p a i d b y December 3 1 * * J-^r- /Vs. t i> - z<cc s."

$-100.00 p e r y e a r s p e c i f i c a l l y a l l o c a t e d t o c o s t o f c o n t i n u i n g C o n s t a b l e s on P a t r o l *

A d d i t i o n a l a d u l t , members o f t h e i m m e d i a t e f a m i l y r e s i d i n g i n t h e same h o u s e h o l d , 50 p e r c e n t p e r y e a r p e r i n d i v i d u a l a d u l t .

/S a C. A s s o c i a t e - $150700 p e r y e a r . * * * D. H o n o r a r y - No d u e s .

S u b j e c t t o t h e a p p r o v a l o f a m a j o r i t y o f t h e members a t t h e A n n u a l M e e t i n g o f Members, t h e new e l e c t e d B o a r d o f D i r e c t o r s s h a l l s e t t h e a n n u a l d u e s f o r t h e s u b s e q u e n t y e a r .

•Amended b y B o a r d 10/07/97 ( a n d b y M e m b e r s h i p 11/20/97) p e r 12/97 SCAN **Amended b y B o a r d 11/04/97 ( a n d b y M e m b e r s h i p 11/20/97)

***As p r e v i o u s l y amended f r o m t i m e t o t i m e

ARTICLE I I I

MEETING OF MEMBERS

SECTION 1 . PLACE OF MEETINGS.

M e e t i n g s o f t h e members o f t h e C o r p o r a t i o n s h a l l be h e l d a t t h e r e g i s t e r e d o f f i c e o f t h e C o r p o r a t i o n , o r s u c h o t h e r p l a c e as t h e B o a r d o f D i r e c t o r s may d i r e c t . M e e t i n g s o f t h e members may be h e l d a t a n y p l a c e w i t h i n t h e g e o g r a p h i c a l a r e a d e s c r i b e d i n t h e A r t i c l e s o f I n c o r p o r a t i o n as d e s i g n a t e d b y t h e B o a r d o f D i r e c t o r s .

SECTION 2. ANNUAL MEETING.

The a n n u a l m e e t i n g o f t h e members s h a l l be h e l d i n November o f e a c h y e a r o n a d a t e d e s i g n a t e d b y t h e B o a r d o f D i r e c t o r s . F a i l u r e t o h o l d t h e a n n u a l m e e t i n g a t t h e d e s i g n a t e d t i m e s h a l l n o t w o r k a f o r f e i t u r e o r d i s s o l u t i o n o f t h e C o r p o r a t i o n .

I f t h e B o a r d o f D i r e c t o r s f a i l t o c a l l t h e a n n u a l m e e t i n g a t t h e d e s i g n a t e d t i m e , a n y member may make a demand t h a t t h e m e e t i n g be h e l d w i t h i n a r e a s o n a b l e t i m e . The demand m u s t be i n w r i t i n g s e n t b y r e g i s t e r e d m a i l d i r e c t e d t o a n y o f f i c e r o f t h e C o r p o r a t i o n . T h e r e a f t e r , i f t h e a n n u a l m e e t i n g i s n o t c a l l e d w i t h i n s i x t y (60) d a y s a f t e r s u c h demand, an y member may c o m p e l t h e h o l d i n g o f t h e a n n u a l m e e t i n g b y l e g a l a c t i o n d i r e c t e d a g a i n s t t h e B o a r d .

SECTION 3. REGULAR MEETINGS .

R e g u l a r m e e t i n g s o f t h e members s h a l l be h e l d as p r e s c r i b e d b y t h e B o a r d o f D i r e c t o r s w i t h a m i n i m u m o f s i x p e r y e a r .

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SECTION 4. SPECIAL MEETINGS.

S p e c i a l M e e t i n g s o f t h e members may be c a l l e d b y t h e P r e s i d e n t , a m a j o r i t y o f t h e B o a r d o f D i r e c t o r s o r t e n ( 1 0 % ) p e r c e n t o f a l l v o t i n g members.

SECTION 5. NOTICE OF MEETINGS - WAIVER.

W r i t t e n n o t i c e s t a t i n g t h e p l a c e , d a y a n d h o u r o f t h e m e e t i n g , a n d i n c a s e o f s p e c i a l m e e t i n g s , t h e p u r p o s e o r p u r p o s e s f o r w h i c h t h e m e e t i n g i s c a l l e d , s h a l l be d e l i v e r e d n o t l e s s t h a n t e n (10) n o r more t h a n f i f t y (50) d a y s b e f o r e t h e d a t e o f t h e m e e t i n g , e i t h e r p e r s o n a l l y o r b y m a i l , b y o r a t t h e d i r e c t i o n o f t h e P r e s i d e n t , t h e S e c r e t a r y o r t h e o f f i c e r o f p e r s o n c a l l i n g t h e m e e t i n g , t o e a c h member o f r e c o r d e n t i t l e d t o v o t e a t s u c h m e e t i n g .

I f m a i l e d , s u c h n o t i c e s h a l l be deemed t o be d e l i v e r e d when d e p o s i t e d i n t h e U n i t e d S t a t e s m a i l a d d r e s s e d t o t h e member a t h i s / h e r a d d r e s s as i t a p p e a r s on t h e r e c o r d s o f t h e C o r p o r a t i o n , w i t h p o s t a g e p r e p a i d .

A w r i t t e n w a i v e r o f n o t i c e o f a m e e t i n g s i g n e d b y a member b e f o r e o r a f t e r t h e t i m e o f t h e m e e t i n g s h a l l be e q u i v a l e n t t o r e c e i p t o f s u c h n o t i c e .

A t t e n d a n c e b y a member a t t h e members m e e t i n g s h a l l c o n s t i t u t e a w a i v e r o f n o t i c e o f s u c h m e e t i n g o f w h i c h h e / s h e has n o t r e c e i v e d n o t i c e , e x c e p t w h e r e a t t e n d a n c e a t t h e m e e t i n g i s f o r t h e p u r p o s e o f o b j e c t i n g t o t h e m e e t i n g as n o t b e i n g l a w f u l l y c a l l e d o r c o n v e n e d .

I n t h e e v e n t t h a t t h e m e m b e r s h i p o f t h e C o r p o r a t i o n e x c e e d s one t h o u s a n d ( 1 , 0 0 0 ) , n o t i c e may be g i v e n b y p u b l i c a t i o n i n a n e w s p a p e r o f g e n e r a l c i r c u l a t i o n i n t h e m e m b e r s h i p a r e a d e s c r i b e d i n t h e A r t i c l e s o f I n c o r p o r a t i o n .

SECTION 6. VOTING AT MEETINGS.

A. S i n g l e - Each s i n g l e member, a f t e r h a v i n g d u l y q u a l i f i e d , s h a l l b e e n t i t l e d t o a l l t h e r i g h t s a nd p r i v i l e g e s o f a member a n d s h a l l be e n t i t l e d t o one v o t e on e a c h m a t t e r s u b m i t t e d t o a v o t e a t a m e e t i n g o f members.

B. F a m i l y - Each f a m i l y , a f t e r h a v i n g d u l y q u a l i f i e d , s h a l l be e n t i t l e d t o a l l th~e r i g h t s a n d p r i v i l e g e s o f a s i n g l e member and s h a l l be e n t i t l e d t o one v o t e .

A n y a d d i t i o n a l a d u l t member o f t h e f a m i l y r e s i d i n g i n t h e same h o u s e h o l d w i t h t h e f a m i l y member may q u a l i f y a nd be e n t i t l e d t o a l l t h e r i g h t s a n d p r i v i l e g e s o f a s i n g l e member, and s h a l l be e n t i t l e d t o one v o t e , i n a d d i t i o n t o t h e f a m i l y member, b y t h e pa y m e n t o f a d d i t i o n a l dues as s e t o u t i n t h e A r t i c l e I I , S e c t i o n 2 o f t h e s e B y l a w s .

C. A s s o c i a t e - A s s o c i a t e members, a f t e r h a v i n g d u l y q u a l i f i e d , s h a l l b e e n t i t l e d t o a l l o f t h e r i g h t s a n d p r i v i l e g e s o f a s i n g l e member, e x c l u d i n g v o t i n g r i g h t s .

D. H o n o r a r y - H o n o r a r y members s h a l l h a v e no v o t i n g r i g h t s .

SECTION 7. QUORUM.

No m i n i m u m number o f members i s n e c e s s a r y t o c o n s t i t u t e a quorum.

SECTION 8. MAJORITY VOTE.

An a f f i r m a t i v e v o t e o f a m a j o r i t y o f t h e members p r e s e n t a t a d u l y c a l l e d s p e c i a l o r r e g u l a r m e e t i n g s h a l l be t h e a c t o f t h e members.

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SECTION 9. ELECTION OF OFFICERS AND DIRECTORS.

A t e a c h e l e c t i o n f o r o f f i c e r s a n d d i r e c t o r s , e a c h e l i g i b l e v o t e r s h a l l be e n t i t l e d t o v o t e f o r as many p e r s o n s as t h e r e a r e o f f i c e r s o r d i r e c t o r s t o be e l e c t e d .

SECTION 10. PROXIES.

Members s h a l l have t h e a u t h o r i t y t o v o t e o n l y i n p e r s o n a t d u l y c o n v e n e d m e e t i n g s , a n d v o t i n g b y p r o x y i s p r o h i b i t e d .

SECTION 1 1 . CUMULATIVE VOTING.

No member s h a l l h a v e t h e r i g h t t o c u m u l a t e h i s / h e r v o t e s f o r a n y e l e c t i o n o r a n y o t h e r v o t i n g p u r p o s e .

ARTICLE I V

THE BOARD OF DIRECTORS

SECTION 1 . QUALIFICATION.

The b u s i n e s s a f f a i r s o f t h e C o r p o r a t i o n s h a l l be managed b y a B o a r d o f D i r e c t o r s who s h a l l be a d u l t r e s i d e n t s o f t h e g e o g r a p h i c a l a r e a o f t h e C o r p o r a t i o n d e s c r i b e d i n t h e A r t i c l e s o f I n c o r p o r a t i o n a nd v o t i n g members o f t h e C o r p o r a t i o n .

SECTION 2. NUMBER AND ELECTION.

Members o f t h e i n i t i a l B o a r d o f D i r e c t o r s s h a l l be t h o s e p e r s o n s d e s i g n a t e d i n t h e A r t i c l e s o f I n c o r p o r a t i o n who s h a l l h o l d o f f i c e u n t i l t h e f i r s t a n n u a l m e e t i n g o f t h e members, a n d u n t i l t h e i r s u c c e s s o r s s h a l l h a v e b e e n e l e c t e d a n d q u a l i f i e d .

A t t h e f i r s t a n n u a l m e e t i n g o f t h e members, t h e r e s h a l l be e l e c t e d a B o a r d o f D i r e c t o r s c o n s i s t i n g o f n o t l e s s t h a n t h i r t e e n ( 13) a n d n o t more t h a n n i n e t e e n ( 1 9 ) * members, i n c l u d i n g t h e f o u r (4) h e r e a f t e r d e s i g n a t e d o f f i c e r s who s h a l l a l s o be d i r e c t o r s . The number o f d i r e c t o r s may be i n c r e a s e d o r d e c r e a s e d f r o m t i m e t o t i m e b y amendment o f t h e B y l a w s , b u t no d e c r e a s e s h a l l h a v e t h e e f f e c t o f s h o r t e n i n g t h e t e r m o f a n y i n c u m b e n t d i r e c t o r .

•Amended b y B o a r d 11/20/97 ( a n d b y M e m b e r s h i p 01/22/98)

SECTION 3. TERM.

The d i r e c t o r s e l e c t e d a t t h e f i r s t a n n u a l m e e t i n g s h a l l be d i v i d e d i n t o t w o c l a s s e s , s e v e n o f w h i c h s h a l l s e r v e f o r a one y e a r t e r m a n d e i g h t o f w h i c h s h a l l s e r v e f o r a t w o y e a r t e r m . The B o a r d o f D i r e c t o r s s h a l l d e t e r m i n e t h e members o f e a c h s u c h c l a s s b y t h e d r a w i n g o f l o t s .

D i r e c t o r s e l e c t e d a t e a c h a n n u a l m e e t i n g t h e r e a f t e r s h a l l s e r v e f o r a t w o - y e a r t e r m a n d u n t i l h i s / h e r s u c c e s s o r s h a l l be e l e c t e d a n d q u a l i f i e d .

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SECTION 4. VACANCIES.

A n y v a c a n c y o c c u r r i n g i n t h e B o a r d o f D i r e c t o r s may be f i l l e d b y t h e a f f i r m a t i v e v o t e o f a m a j o r i t y o f t h e r e m a i n i n g d i r e c t o r s t h o u g h l e s s t h a n a q u o r u m . A d i r e c t o r e l e c t e d t o f i l l a v a c a n c y s h a l l be e l e c t e d f o r t h e u n e x p i r e d t e r m o f h i s p r e d e c e s s o r .

A n y d i r e c t o r s h i p i f i l l e d b y r e a s o n o f i n c r e a s e i n t h e number o f d i r e c t o r s s h a l l be f i l l e d b y an e l e c t i o n a t t h e a n n u a l o r a s p e c i a l m e e t i n g o f t h e members c a l l e d f o r t h a t p u r p o s e .

SECTION 5. PLACE OF MEETINGS.

M e e t i n g s o f t h e B o a r d o f D i r e c t o r s , r e g u l a r o r s p e c i a l , may be h e l d e i t h e r w i t h i n o r w i t h o u t t h e g e o g r a p h i c a l m e m b e r s h i p a r e a d e s c r i b e d i n t h e A r t i c l e s o f I n c o r p o r a t i o n .

SECTION 6. REGULAR MEETINGS.

The B o a r d o f D i r e c t o r s s h a l l h o l d a r e g u l a r m o n t h l y m e e t i n g , t h e d a t e a n d p l a c e t h e r e o f t o be d e s i g n a t e d b y t h e B o a r d o f D i r e c t o r s , u n l e s s s u s p e n d e d b y t h e B o a r d a t a r e g u l a r m e e t i n g .

SECTION 7. SPECIAL MEETINGS.

S p e c i a l M e e t i n g s o f t h e B o a r d may be c a l l e d b y t h e P r e s i d e n t u p o n one d a y ' s n o t i c e , o r b y a n y t h r e e members o f t h e B o a r d upon w r i t t e n n o t i c e g i v e n no l e s s t h a n t h r e e n o r more t h a n s e v e n d a y s f r o m t h e d a t e o f s a i d m e e t i n g .

N o t i c e o f a n y s p e c i a l m e e t i n g o f t h e B o a r d o f D i r e c t o r s may be w a i v e d i n w r i t i n g s i g n e d b y t h e p e r s o n o r p e r s o n s e n t i t l e d t o s u c h n o t i c e w h e t h e r b e f o r e o r a f t e r t h e t i m e o f s u c h m e e t i n g a nd s h a l l be e q u i v a l e n t t o t h e g i v i n g o f s u c h n o t i c e .

A t t e n d a n c e o f a d i r e c t o r a t s u c h m e e t i n g s h a l l c o n s t i t u t e a w a i v e r o f n o t i c e t h e r e o f , e x c e p t w h e r e a d i r e c t o r a t t e n d s f o r t h e p u r p o s e o f o b j e c t i n g t o t h e m e e t i n g as n o t b e i n g l a w f u l l y c a l l e d o r c o n v e n e d .

The p u r p o s e o f a n y s p e c i a l m e e t i n g o f t h e B o a r d m u s t be s p e c i f i e d i n t h e n o t i c e o f s u c h m e e t i n g .

SECTION 8. QUORUM.

A m a j o r i t y o f t h e number o f d i r e c t o r s f i x e d b y t h e B y l a w s s h a l l c o n s t i t u t e a q u o r u m f o r t h e t r a n s a c t i o n o f b u s i n e s s . The a c t o f t h e m a j o r i t y o f t h e d i r e c t o r s p r e s e n t a t a m e e t i n g a t w h i c h a q u o r u m i s p r e s e n t s h a l l be t h e a c t o f t h e B o a r d o f D i r e c t o r s .

SECTION 9. DELEGATION OF AUTHORITY - COMMITTEES.

A. B o a r d C o m m i t t e e s - The B o a r d o f D i r e c t o r s s h a l l h a v e a u t h o r i t y t o d e s i g n a t e one o r more c o m m i t t e e s _ o f d i r e c t o r s e a c h o f w h i c h c o m m i t t e e s s h a l l c o n s i s t o f t w o o r m o r e " d i r e c t o r s . These c o m m i t t e e s s h a l l h a v e t h e p o w e r t o e x e r c i s e t h e a u t h o r i t y o f t h e B o a r d o f D i r e c t o r s i n t h e management o f t h e C o r p o r a t i o n .

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B. O t h e r C o m m i t t e e s - O t h e r c o m m i t t e e s may be d e s i g n a t e d a n d a p p o i n t e d b y r e s o l u t i o n o t t h e B o a r d o f D i r e c t o r s , o r b y t h e P r e s i d e n t , i f a u t h o r i z e d b y t h e B o a r d o f D i r e c t o r s ; h o w e v e r , t h e s e c o m m i t t e e s s h a l l n o t have n o r e x e r c i s e t h e a u t h o r i t y o f t h e B o a r d o f D i r e c t o r s i n t h e management o f t h e C o r p o r a t i o n . M e m b e r s h i p on t h e s e c o m m i t t e e s may c o n s i s t o f n o n - b o a r d members.

SECTION 10. LOANS AND DISTRIBUTIONS.

No l o a n s s h a l l be made b y t h e C o r p o r a t i o n t o i t s o f f i c e r s o r d i r e c t o r s . A n y o f f i c e r o r d i r e c t o r who p a r t i c i p a t e s i n a n y s u c h l o a n s h a l l be j o i n t l y a n d s e v e r a l l y l i a b l e t o t h e C o r p o r a t i o n f o r t h e amount o f t h e l o a n .

A l l d i r e c t o r s who v o t e f o r t h e w r o n g f u l d i s t r i b u t i o n o f a s s e t s s h a l l b e j o i n t l y a n d s e v e r a l l y l i a b l e t o t h e C o r p o r a t i o n f o r t h e v a l u e o f t h e a s s e t s d i s t r i b u t e d u n t i l r e p a i d .

A d i r e c t o r i s e n t i t l e d t o c o n t r i b u t i o n f r o m a n y p e r s o n s who r e c e i v e d t h e d i s t r i b u t i o n k n o w i n g t h a t t h e y w e r e w r o n g f u l l y made.

An y d i r e c t o r a t a m e e t i n g o f t h e b o a r d a t w h i c h s u c h a c t i o n was t a k e n s h a l l be p r e s u m e d t o h a v e a s s e n t e d t o t h e a c t i o n u n l e s s h i s / h e r d i s s e n t i s r e c o r d e d i n t h e m i n u t e s , o r u n l e s s h e / s h e s h a l l f i l e h i s / h e r w r i t t e n d i s s e n t w i t h t h e p e r s o n a c t i n g as t h e S e c r e t a r y b e f o r e t h e a d j o u r n m e n t t h e r e o f o r s h a l l f o r w a r d s u c h d i s s e n t b y r e g i s t e r e d m a i l t o t h e S e c r e t a r y o f t h e C o r p o r a t i o n i m m e d i a t e l y a f t e r t h e m e e t i n g . Any d i r e c t o r v o t i n g i n f a v o r o f an a c t i o n cannot, l a t e r r e g i s t e r s u c h a r i g h t t o d i s s e n t .

A d i r e c t o r w i l l n o t be l i a b l e u n d e r t h i s A r t i c l e i f h e / s h e e x e r c i s e s o r d i n a r y c a r e a n d r e l i e d i n g o o d f a i t h upon w r i t t e n f i n a n c i a l s t a t e m e n t s o f t h e C o r p o r a t i o n p r e s e n t e d b y t h e P r e s i d e n t o r o t h e r o f f i c e r whom h e / s h e b e l i e v e s f a i r l y r e f l e c t s t h e f i n a n c i a l c o n d i t i o n o f t h e C o r p o r a t i o n .

A d i r e c t o r s h a l l n o t be l i a b l e i n t h e e x e r c i s e o f go o d c a r e a n d i n g o o d f a i t h i f h e / s h e r e l i e s u p o n b o o k v a l u e o f t h e c o r p o r a t e a s s e t s i n v o t i n g f o r s u c h a d i s t r i b u t i o n

A d i r e c t o r w i l l n o t be l i a b l e i f h e / s h e e x e r c i s e s o r d i n a r y c a r e a n d a c t s i n g o o d f a i t h u p o n t h e w r i t t e n o p i n i o n o f an a t t o r n e y f o r t h e C o r p o r a t i o n .

SECTION 1 1 . REMOVAL OF DIRECTORS.

I f a n y D i r e c t o r s h a l l f a i l t o a t t e n d t h e r e g u l a r m o n t h l y m e e t i n g o f t h e B o a r d f o r t h r e e (3) s u c c e s s i v e m e e t i n g s w i t h o u t g o o d a n d v a l i d r e a s o n s f o r h i s o r h e r a b s e n c e i n t h e j u d g m e n t o f t h e B o a r d , s u c h D i r e c t o r s h a l l a u t o m a t i c a l l y c e a s e t o be a member o f t h e B o a r d . I t s h a l l b e t h e r e s p o n s i b i l i t y o f e a c h i n d i v i d u a l B o a r d member t o n o t i f y an O f f i c e r o f t h e A s s o c i a t i o n i n a d v a n c e o f t h e m e e t i n g o f h i s o r h e r r e a s o n f o r b e i n g a b s e n t .

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ARTICLE V

OFFICERS

SECTION 1 . OFFICERS.

The o f f i c e r s o f t h e C o r p o r a t i o n s h a l l c o n s i s t o f a P r e s i d e n t , V i c e P r e s i d e n t , S e c r e t a r y , a n d T r e a s u r e r , a l l o f whom s h a l l a u t o m a t i c a l l y be members o f t h e B o a r d o f D i r e c t o r s . Such o t h e r o f f i c e r s , a s s i s t a n t o f f i c e r s a nd a g e n t s may be a p p o i n t e d as may be deemed n e c e s s a r y b y t h e B o a r d o f D i r e c t o r s , b u t s u c h o t h e r o f f i c e r s , a s s i s t a n t o f f i c e r s a n d a g e n t s s h a l l n o t be d i r e c t o r s . No p e r s o n s h a l l h o l d t w o o f f i c e s a t t h e same t i m e .

SECTION 2. ELECTION OF OFFICERS.

O f f i c e r s s h a l l be e l e c t e d b y t h e members a t t h e a n n u a l m e e t i n g o f members a n d s h a l l h o l d o f f i c e f o r a o n e - y e a r t e r m a nd u n t i l t h e i r s u c c e s s o r s a r e d u l y e l e c t e d a n d t a k e o f f i c e . No o f f i c e r s h a l l be e l e c t e d t o t h e same o f f i c e f o r more t h a n t h r e e (3)**consecutive t e r m s except the Treasurer, who may be e l e c t e d t o that o f f i c e f o r a maximum of f o u r consecutive terms.*

SECTION 3. VACANCIES.

Whenever a n y v a c a n c i e s s h a l l o c c u r i n a n y e l e c t e d o f f i c e b y d e a t h , r e s i g n a t i o n , i n c r e a s e i n number o f o f f i c e r s o f t h e C o r p o r a t i o n , o r o t h e r w i s e , t h e same s h a l l b e f i l l e d b y t h e B o a r d a t a s p e c i a l m e e t i n g d u l y c a l l e d f o r t h a t p u r p o s e , a n d t h e o f f i c e r so a p p o i n t e d s h a l l h o l d o f f i c e f o r t h e r e m a i n d e r o f t h e t e r m o f h i s / h e r p r e d e c e s s o r a n d u n t i l h i s / h e r s u c c e s s o r i s c h o s e n a n d q u a l i f i e d .

SECTION 4. DUTIES.

A. P r e s i d e n t - I t s h a l l be t h e d u t y o f t h e P r e s i d e n t t o p r e s i d e a t a l l m e e t i n g s o f t h e C o r p o r a t i o n ; t o e n f o r c e t h e B y l a w s ; t o p r e s e r v e o r d e r a n d d e c o r u m ; t o e n c o u r a g e a l l o f f i c e r s a n d members o f c o m m i t t e e s t o p e r f o r m t h e i r d u t i e s ; t o a p p o i n t a l l c o m m i t t e e s n o t o t h e r w i s e p r o v i d e d f o r ; t o s i g n a l l o f f i c i a l d o c u m e n t s t o g e t h e r w i t h t h e S e c r e t a r y ; t o be an ex o f f i c i o member o f a l l c o m m i t t e e s a n d t o d e c i d e a l l q u e s t i o n s on p r o c e d u r e a n d o r d e r .

B. V i c e P r e s i d e n t - I t s h a l l be d u t y o f t h e V i c e P r e s i d e n t t o a i d t h e P r e s i d e n t T n t h e p e r f o r m a n c e o f h i s / h e r d u t i e s , a n d i n t h e a b s e n c e o f t h e P r e s i d e n t t o a c t i n h i s / h e r s t e a d , a n d t o p e r f o r m s u c h o t h e r d u t i e s as t h e B y l a w s o r t h e B o a r d o f D i r e c t o r s may p r e s c r i b e .

C. S e c r e t a r y - I t s h a l l be d u t y o f t h e S e c r e t a r y t o a t t e n d a l l m e e t i n g s o f t h e members a n d B o a r d o f D i r e c t o r s a nd t o keep a c o m p l e t e r e c o r d o f t h e p r o c e e d i n g s o f s u c h m e e t i n g s ; t o k e e p , o r c a u s e t o be k e p t , l i k e r e c o r d s o f a l l s t a n d i n g c o m m i t t e e s a p p o i n t e d b y t h e B o a r d o f D i r e c t o r s when r e q u i r e d ; a n d t o p e r f o r m s u c h o t h e r d u t i e s as t h e B y l a w s o r t h e B o a r d o f D i r e c t o r s may p r e s c r i b e .

* Amendment, J a n u a r y 2 6 , 1984 ** Amendment, November 30, 1989

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a 501 (c)4 organization, are not tax-deductible except as a business expense.

D. T r e a s u r e r -• I t s h a l l be t h e d u t y o f t h e T r e a s u r e r t o ke e p c o r r e c t a n d complelze r e c o r d s o f a c c o u n t s h o w i n g a c c u r a t e l y a t a l l t i m e s t h e f i n a n c i a l c o n d i t i o n o f t h e C o r p o r a t i o n ; t o be t h e l e g a l c u s t o d i a n o f a l l money, n o t e s , s e c u r i t i e s a n d o t h e r v a l u a b l e s w h i c h may f r o m t i m e t o t i m e come i n t o t h e p o s s e s s i o n o f t h e C o r p o r a t i o n ; t o i m m e d i a t e l y d e p o s i t a l l f u n d s o f t h e C o r p o r a t i o n c o m i n g i n t o h i s / h e r h ands i n a r e l i a b l e b a n k o r o t h e r d e p o s i t o r y t o be d e s i g n a t e d b y t h e B o a r d o f D i r e c t o r s , a nd t o keep s u c h b a n k a c c o u n t i n t h e name o f t h e C o r p o r a t i o n .

He/she s h a l l f u r n i s h a t t h e m e e t i n g s o f t h e B o a r d o f D i r e c t o r s o r t h e members, o r w h e n e v e r r e q u e s t e d , a s t a t e m e n t o f t h e f i n a n c i a l c o n d i t i o n o f t h e C o r p o r a t i o n ; a n d p e r f o r m s u c h o t h e r d u t i e s as t h e B y l a w s may r e q u i r e o r t h e B o a r d o f D i r e c t o r s may p r e s c r i b e .

The T r e a s u r e r may be r e q u i r e d t o f u r n i s h b o n d i n s u c h amount as s h a l l b e d e t e r m i n e d b y t h e B o a r d o f D i r e c t o r s , a nd s h a l l w i t h i n * . f i f t e e n (15) days a f t e r each year's s e r v i c e and within f i f t e e n (15) days a f t e r l e a v i n g o f f i c e d e l i v e r t o the Board of D i r e c t o r s a l l papers and other property coming i n t o h i s / h e r possession and belonging t o the Corporation.

SECTION 5. REMOVAL OF OFFICERS.

I f a n y o f f i c e r s h a l l f a i l t o a t t e n d t h e r e g u l a r m o n t h l y m e e t i n g o f t h e A s s o c i a t i o n f o r t h r e e (3) s u c c e s s i v e m e e t i n g s w i t h o u t g o o d a n d v a l i d r e a s o n s f o r h i s o r h e r a b s e n c e i n t h e j u d g m e n t o f t h e B o a r d , s u c h O f f i c e r s h a l l a u t o m a t i c a l l y c e a s e t o be an O f f i c e r . I t s h a l l be t h e r e s p o n s i b i l i t y o f e a c h i n d i v i d u a l O f f i c e r t o n o t i f y an O f f i c e r o f t h e A s s o c i a t i o n i n a d v a n c e o f t h e m e e t i n g o f h i s o r h e r r e a s o n s f o r b e i n g a b s e n t .

ARTICLE V I

INDEMNIFICATION OF OFFICERS AND DIRECTORS

SECTION 1 . INDEMNIFICATION.

The C o r p o r a t i o n may i n d e m n i f y a n y o f f i c e r o r d i r e c t o r f o r e x p e n s e s a n d c o s t s i n c u r r e d i n c o n n e c t i o n w i t h any c l a i m a g a i n s t t h e m b y r e a s o n o f h a v i n g b e e n an o f f i c e r o r d i r e c t o r , e x c e p t w h e r e he o r she has b e e n f o u n d g u i l t y o f n e g l i g e n c e o r m i s c o n d u c t .

SECTION 2. FAILURE TO INDEMNIFY.

I f t h e C o r p o r a t i o n d o es n o t f u l l y i n d e m n i f y a d i r e c t o r o r o f f i c e r , a c o u r t may a s s e s s i n d e m n i t y a g a i n s t t h e C o r p o r a t i o n f o r t h e amount p a i d b y t h e d i r e c t o r o r o f f i c e r i n s a t i s f a c t i o n o f a n y j u d g m e n t o r c l a i m a g a i n s t h i m / h e r , p l u s a n y e x p e n s e s a n d c o s t s a c t u a l l y a n d n e c e s s a r i l y i n c u r r e d , i n c o n n e c t i o n w i t h h i s / h e r r o l e as an o f f i c e r o r d i r e c t o r , e x c e p t w h e r e h e / s h e i s f o u n d g u i l t y o f n e g l i g e n c e o r m i s c o n d u c t .

SECTION 3. INSURANCE.

The B o a r d o f D i r e c t o r s may p u r c h a s e a p p l i c a b l e i n s u r a n c e t o c o v e r t h e c o s t o f i n d e m n i f y i n g o f f i c e r s a n d d i r e c t o r s as s e t f o r t h a b o v e .

•Amendment, J a n u a r y 26, 1984

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ARTICLE V I I

AMENDMENTS

SECTION 1 . BY MEMBERS.

The B y l aws o f t h e C o r p o r a t i o n may be amended by t h e a f f i r m a t i v e v o t e o f t w o - t h i r d s ( 2 / 3 ) o f t h e e l i g i b l e v o t i n g members a t t e n d i n g a t t w o c o n s e c u t i v e d u l y c a l l e d s p e c i a l o r r e g u l a r m e e t i n g s .

SECTION 2. DELEGATION OF AUTHORITY TO BOARD.

The p o w e r t o a l t e r o r amend t h e B y l a w s s h a l l be v e s t e d i n t h e members; h o w e v e r , t h e members may d e l e g a t e t h i s power t o t h e B o a r d o f D i r e c t o r s b y a v o t e o f t w o - t h i r d s ( 2 / 3 ) o f t h e e l i g i b l e members p r e s e n t a t a m e e t i n g d u l y c a l l e d f o r s u c h p u r p o s e .

ARTICLE V I I I

IMMEDIATE PAST PRESIDENT

The I m m e d i a t e P a s t P r e s i d e n t w i l l become t h e a s s o c i a t i o n c o u n s e l o r t o a d v i s e t h e numb e r s o f t h e B o a r d o f D i r e c t o r s a nd as c o u n s e l o r w i l l h a v e no v o t e i n B o a r d d e c i s i o n s . Amended A u g u s t 3, 1987 t o g i v e t h e I m m e d i a t e P a s t P r e s i d e n t a v o t e i n B o a r d d e c i s i o n s .

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CERTIFICATE

I h e r e b y c e r t i f y t h a t t h e a t t a c h e d r e p r e s e n t s d a t r u e a n d c o r r e c t c o p y o f t h e B y l a w s o f t h e SHARPSTOWN C I V I C ASSOCIATION, INC. as amended f r o m t i m e t o t i m e ( m o s t r e c e n t l y J a n u a r y 22, 1 9 9 8 ) .

I N WITNESS WHEREOF, I h a v e s e t my h a n d t h i s H&U r 1998.

day o f

RECORDING SECRETARY

- 10 -

At the annual meeting of the Sharpstown C i v i c A s s o c i a t i o n on November 20, 1997 and at the regular meeting on January 22, 1998, the members were asked t o vote f or a change i n the by-laws. The Board of D i r e c t o r s had voted i n favor of changing the by­laws t o accommadate a d d i t i o n a l board members. The present by-laws st a t e d t h a t no more than (17) members could be elected to serve as board members. The proposed new amendment was read t o the assembly of members: ARTICLE IV - BOARD OF DIRECTORS Section 2. Number and E l e c t i o n

Members of the i n i t i a l Board of D i r e c t o r s s h a l l be those persons designated i n the A r t i c l e s of I n c o r p o r a t i o n who s h a l l hold o f f i c e u n t i l the f i r s t annual meeting of the members, and u n t i l t h e i r successors s h a l l have been elected and g u a l i f i e d .

At the f i r s t annual meeting of the members, there s h a l l be elected a Board of D i r e c t o r s c o n s i s t i n g of not less than t h i r t e e n (13) and not more than nineteen (19) members, i n c l u d ­i n g the four (4) h e r e a f t e r designated o f f i c e r s who s h a l l also be d i r e c t o r s , The number of d i r e c t o r s may be increased or de­creased from time t o time by amendment of the By-Laws, but no decrease s h a l l have the e f f e c t of shortening the term of any incumbent d i r e c t o r .

A vote was taken and the new amendment was approved by over t w o - t h i r d s of the members present at the November and January meetings.

Frances Grembowiec Chairman, Nominating Committee

At the May 28,2009 and the June 25,2009 General Meetings, the members were asked to vote for a change in the by-laws.

The Board of Directors had vote in favor of redefining Membership Classes and establishing the amount of dues. Delete ARTICLE II - SECTION 1 AND SECTION 2. Delete ARTICLE DT - SECTION 6 A & B The proposed new amendments were read to the assembly of members:

ARTICLE H SECTION 1 MEMBERSHD? CLASSES Membership in the Association shall be divided into four classes: A. Owners - Any single individual or family household (consisting of a husband

and wife or either one and children thereof) residing within the geographical area described in the Articles of Incorporation.

B. Mandatory Owners - Any single individual or family household (consisting of a husband and wife or either one and children thereof) residing within the geographical area described in the Articles of Incorporation whose resident is subject to Mandatory dues.

C. Associate - Any place of business or professional office situated within the geographical area described in the Articles of Incorporation.

D. Honorary - The Board of Directors may from time to time elect Honorary Members.

ARTICLE n SECTION 2 DUES The annual dues for membership in the Corporation shall be for owners,

Mandatory Owners and Associate Members. Honorary membership will not be subject to dues.

The dues will be set by the Board of Directors and approved by a majority of the members at the Annual Meeting. Annual dues - currently $55.00 with a $5.00 discount if paid by December 31. Constables on Patrol - currently $145.00 - are specifically allocated to the cost of continuing this program. Property within Section l a has mandatory dues established within their Deed Restrictions.

ARTICLE III SECTION 6 VOTING AT MEETINGS A. Owners - Each member - single or family, after having duly qualified, shall be

entitled to all the rights and privileges of a member and shall be entitled to one vote on each matter submitted to a vote at a meeting of the members.

B. Mandatory Owners - Each member - single or family, after having duly qualified, shall be entitled to all the rights and privilege of a member and shall be entitled to one vote on each matter submitted to a vote at a meeting of the members.

Items C and D remain unchanged. A vote was taken and the new amendments were approved by over two-thirds of

the members present at the May and June meetings.

Vice President

At the September 24,2009 and the October 25,2009 General Meetings, the members were asked to vote for a change in the by-laws.

The Board of Directors had vote in favor of removing the term limits for all officers except the Treasurer. The proposed new amendment was read to the assembly of members:

ARTICLE V OFFICERS SECTION 2. ELECTION OF OFFICERS:

There will be no term limits for any office except Treasurer. The Treasurer may be elected to that office for a maximum of four consecutive terms. All other sections of ARTICLE V remain unchanged.

A vote was taken and the new amendment was approved by over two-thirds of the members present at the September and October meetings.

Vice President

At the March 22 and the April 26,2012 General Meetings, the members were asked to vote for a change in the by-laws.

The Board of Directors had vote in favor of changing Associate Member dues. The proposed new amendment was read to the assembly of members:

SECTION 2. DUES: C. Associate - Dues to be equal to current Membership and Dues except for schools and other non-profit entities. Dues for schools and other non-profit entities will be

A vote was taken the new amendment was approved by over two-thirds of the members present at the March and April meetings.

$150.

Vice President

Printed: 05/30/12 Updated: 05/31/12

Approved Amendment to Bylaws

SECTION 2. DUES The annual dues for membership in the Corporation shall be for Owner, Mandatory Owners and Associate members. Honorary membership will not be subject to dues. The dues will be set by the Board of Directors, and approved by a majority of members at the Annual Meeting. Annual dues - currently $65.00 with a $5.00 discount if paid by December 31. Constables on Patrol—currently $160.00—are specifically allocated to the cost of continuing this program. Property within Section 1-A has mandatory dues established within their Deed Restrictions. Change Annual dues to $75.00 as approved by the Board at October Meeting. Strike language regarding discount and Constable Patrol.

Approved by the Members at the October & November 2012 General membership meetings.