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RESTATED CHARTER
SPRINGBROOK LAKE ESTATES
PROPERTY OWNERS ASSOCIATION INC.

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Restated Charter
     
Part I
        1-10. Description of Corporation
        11. Rules on Quorums, Number of Votes Needed to Pass Changes and Delinquent Property Owners
        12. Cancellation of Membership


     Part II
        1-10. Description of Corporation
        11. Rules on Quorums, Number of Votes Needed to Pass Changes and Delinquent Property Owners
        12. Cancellation of Membership










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RESTATED CHARTER
SPRINGBROOK LAKE ESTATES
PROPERTY OWNERS ASSOCIATION INC.

Pursuant to the provisions of Section 48-60-106 of the Tennessee Nonprofit Corporation Act, the undersigned corporation adopts the following restated charter.

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PART I


   1. The name of the corporation is Springbrook Lake Estates Property Owners Association Inc.
   2. The duration of the corporation is perpetual.
   3. The address for the principal office of the corporation in the State of Tennessee shall be 106 South Liberty Street, Jackson, Tennessee 38301.
   4. The corporation is a mutual benefit corporation.
   5. The address of the corporation's registered office is 106 South Liberty Street, Jackson, Tennessee 38301.
   6. The name of the corporation's registered agent is Thomas F. Taylor.
   7. The corporation is not for profit.
   8. The corporation shall have members.
   9. This corporation shall have, enjoy and exercise all the rights, powers and privileges pertaining and incidental to those which a non-profit may exercise pursuant to the Tenessee Non-Profit Corporation Act, or any other statutes of the State of Tennessee, provided, however, notwithstanding anything herein to the contrary, the corporation shall exercise only such powers as are in futherance of the exempt purposes of organizations set forth in subsection 528 or Section 501(c) of the Internal Revenue Code of 1986 under which the corporation chooses to qualify for exemption, as the same now exists, or as it may be amended from time to time. No part of the net earnings of the corporation shall inure to the benefit of any private member or individual.
   10. In the event of the dissolution of the corporation, no member shall be entitled to any distribution or division of its remaining property or its proceeds, and the balance of all money and other property received by the corporation from any source, after the payment of all debts and obligations of the corporation shall be used or distributed exclusively for purposes within the intendment of the Section of the Internal Revenue Code under Which the Corporation chooses to qualify for exemption as the same now exists or as it may be amended from time to time.
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   11. The presence of members representing ten percent (10%) of the votes entitled to be cast shall constitute a quorum for the purpose of electing the members of the Board of Directors of the Association. For the transaction of all other business, the presence of members representing a total of one vote in excess of fifty percent (50%) of votes of a minimum of 100 owners shall be required to establish a quorum. (i.e., an owner of the two lots is equal to two lot owners.) A meeting may be adjourned despite the absence of a quorum, and the meeting may be held as adjourned until further notice. When a quorum is present at any meeting, a decision by members representing a simple majority of all votes represented at the meeting shall decide any question brought before such meeting, unless the question is one upon which, by express provision of this Association's charter, it's bylaws, or by the laws of Tennessee, a larger or different vote is required, in which case such express provision shall govern the decision of such question.
   Any member who is deliquent in the payment of an assessment upon the date of any meeting of the Association at which any business shall be considered shall not have a vote in the consideration of any issue. Any member who is delinquent in the payment of an assessment shall not have access to Association services or equipment. In addition, said member shall not be considered in the determination whether a quorum is present or whether a majority of members has voted in favor of a resoltion, or the determination of the total number of members eligible to vote.
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   12. Whenever a member shall cease to own real property in the development or shall cease to have ownership interest in any of said real property in the development, such member shall automatically cease to be a member of the Corporation, and said member's membership shall be deemed redeemed by the Corporation. Upon demand, said member shall be paid $1.00 per membership for said membership so redeemed.
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PART II


   1. The date of the original charter as filed with the Secretary of State is October 19, 1977.
   2. The name of the corporation is Springbrook Lake Estates Property Owners Association, Inc. The Corporation's restated charter restates the text of the original charter and further amends the charter as specified below. The admendment to the charter herein required approval of the members. The date of the admendment's adoption was October 17, 1989.
   (a) Paragraph 3 of the original charter is deleted and in its place is substituted the following:
   3. The address for the principal office for the corporation in the State of Tennessee shall be 106 South Liberty Street, Jackson, Madison County, Tennessee 38301.
   (b) Paragraphs 4 through 7 are deleted and in their place are substituted the folowing paragraphs:
   4. The corporation is a mutual benefit corporation.
   5. The address of the corporation's registered office is 106 South Liberty Street, Jackson, Madison County, Tennessee 38301.
   6. The name of the corporation's registered agent is Thomas F. Taylor.
   7. The corporation is not for profit.
   8. The corporation shall have members.
   9. This corporation shall have, enjoy and exercise all the rights, powers and privileges pertaining and incidental to those which a nonprofit corporation may exercise pursuant to the Tenessee Nonprofit Corporation Act, or any other statutes of the State of Tennessee; provided, however, notwithstanding anything herein to the contrary, the corporation shall exercise only such powers as are in futherance of the exempt purposes of organizations set forth in the subsection of Section 528 or Section 501(c) of the Internal Revenue Code of 1986 under which the corporation chooses to qualify for exemption, as the same now exists, or as it may be amended from time to time. No part of the net earnings of the corporation shall inure to the benefit of any private member or individual.
   10. In the event of the dissolution of the corporation, no member shall be entitled to any distribution or division of its remaining property or its proceeds, and the balance of all money and other property received by the corporation from any source, after the payment of all debts and obligations of the corporation shall be used or distributed exclusively for purposes within the intendment of the Section of the Internal Revenue Code under which the corporation chooses to qualify for exemption as the same now exists or as it may be amended from time to time.
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   11. The presence of members representing ten percent (10%) of the votes entitled to be cast shall constitute a quorum for the purpose of electing the members of the board of directors of the Association. For the transaction of all other business, the presence of members representing a total of one vote in excess of fifty percent (50%) of votes entitled to be cast shall constitute a quorum. (i.e., an owner of the two lots is equal to two lot owners.) A meeting may be adjourned despite the absence of a quorum, and the meeting may be held as adjourned without further notice. When a quorum is present at any meeting, a decision by members representing a simple majority of all votes represented at the meeting shall decide any question brought before such meeting, unless the question is one upon which, by express provision of this Association's charter, it's By-laws, or by the laws of Tennessee, a larger or different vote is required, in which case such provision shall govern the decision of such question.
   Any member who is deliquent in the payment of an assessment upon the date of any meeting of the association at which any business shall be considered shall not have a vote in the consideration of any issue. Any member who is delinquent in the payment of an assessment shall not have access to Association services or equipment. In addition, said member shall not be considered in the determination whether a quorum is present or whether a majority of members has voted in favor of a resoltion, or the determination of the total numbers eligible to vote.
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   12. Whenever a member shall cease to own real property in the Development or shall cease to have an ownership interest in any of said property in the Development, such member shall automatically cease to be a member of the corporation, and said members membership shall be deemed redeemed by the corporation. Upon demand, said member shall be paid $1.00 per membership for said membership so redeemed.

DATED: This the 16th day of Novemeber, 1989

SPRINGBROOK LAKE ESTATES
PROPERTY OWNERS ASSOCIATION, INC.
By: Signed/ Archie R. Thomas; Title: President

 IN WITNESS WHEREOF, Springbrook Lake Estates Property Owners Association, Inc. has hereto subscribed it's name, through its duly authorized representative, on this the 16th day of November, 1989.
SPRINGBROOK LAKE ESTATES
PROPERTY OWNERS ASSOCIATION
By: Signed/ Robert F. Graves, Jr.: Title: President


CERTIFICATION

   I, Archie R. Thomas, acting secretary, do hereby certify that the above restrictive covenants were duly adopted by the owners of lots in Springbrook Development Subdivision, which meeting was held pursuant to an order of the Chancery Court of Madison County, Tennessee, dated February 3, 1989 (Case No. 40172) on October 17, 1989. Pursuant to said order, these Restrictive Covenants are effective October 1, 1987.

      Signed/ Archie R. Thomas; Secretary

STATE OF TENNESSEE
COUNTY OF MADISON COUNTY:   Before me, Thomas F. Taylor, a Notary Public of the State and County aforesaid, personally appeared Robert F. Graves, with I am personally aquainted ( or proved to me on the basis of satisfactory evidence), and who, acknowledged himself to be president of Springbrook Lake Estates Property Owners Association, Inc. a Tennessee Corporation, the within named bargainor, and that he as such President, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the corporation by himself as president.

IN WITNESS WHEREOF, I have hereunto set my hand and Official Deal at Office, in said State and County, this the 16th day of November, 1989.
Signed/ Thomas F. Taylor; Notary Public; My Commission expires: 10-23-90

STATE OF TENNESSEE
COUNTY OF MADISON:   Before me, a Notary Public of the State and County aforesaid, personally appeared Archie R. Thomas, with whom I am personally aquainted ( or proved to me on the basis of satisfactory evidence) and he acknowledged to me that he was the person described in the foregoing instrument and that the statements contained therein were true to the best of his knowledge, information and belief.

WITNESS MY HAND Notarial Seal, at office, in said State and County, on this the 16th day of November, 1989.
Signed/ Thomas F. Taylor; Notary Public; My Comission expires: 10-23-90 Springbrook Lake Estates Website * Top of this document