Heather Downs Pool Association

As a stockholder, you are part owner of Heather Downs Community Pool.  Your commitment to paying dues helps the board maintain the pool and facilities for years to come. Maintaining this valuable asset helps in making our neighboorhood especially desireable and increasing our property values. The HDCPA board appreciate our inactive stockholders maintaining their annual inactive dues.

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Inactive stockholder by-laws

1. Inactive stockholders are those family units owning one share of [HDCPA] stock who choose not to use [HDCPA] facilities during a particular year, or for successive years.

2. Annual dues for inactive stockholders shall not exceed 1/3 of the annual dues for active stockholders as determined by the Board.

3. Inactive stockholder dues are due and payable by July 1st of each year.

4. The Membership Vice President shall keep accurate records of inactive stockholder dues.

5. Inactive stockholders in arrears at the time of becoming active stockholders must pay all back dues and special assessments before active membership will be granted.

6. Inactive stockholders whose annual dues and special assessments are in arrears at the time of selling/renting their home must make arrangements to pay all back dues and special assessments before the new owner/renter of their home will be granted active membership.

7. Inactive stockholders may not serve on the Board, but may be appointed to serve on Association ad hoc committees.