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CODE OF REGULATIONS OF SHAWNEE HILLS PROPERTY OWNERS ASSOCIATION, INC.

a/so known as

BY-LAWS OF SHAWNEE HILLS PROPERTY OWNERS ASSOCIATON, INC.

TABLE OF CONTENTS Page Definitions

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ARTICLE I:

3

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ARTICLEll:

Board of Trustees

4

ARTICLEllI:

Officers

5

ARTICLE IV:

Indemnification

6

ARTICLE V:

Committees

7

ARTICLE VI:

Reserve Fund, Contracts, Checks, Deposits, Funds

7

ARTICLEVll:

Books and Records

8

ARTICLE VllI:

Fiscal Year

8

ARTCLEIX:

Annual Charges

8

ARTICLE X:

RentaJ!Leased Properties

9

ARTICLE XI:

Deed Covenant

9

ARTICLEXll:

Seal

9

ARTICLE XllI:

Amendments to By-Laws

9

ARTICLE XIV:

Rules and Regulations

9

ARTICLE XV:

Rules and Regulations

11

ARTICLE XVI:

Amendments To Rules and Regulations

15

u