Membership

a. The Lessee Members, who shall be all persons, 18 years or older, who own a share in a cooperative or own a condominium or otherwise own housing that is located on land leased from the Corporation.

b. The General Members, who shall be all other persons, eighteen years of age or older, who have complied with the following requirements.

i. Is a resident, 18 years of age or older, in a building located on land owned by the Corporation, but not a Lessee member; or

ii. Meets both of the following conditions:

A. Submission of a Membership application including a signed statement of support for the purposes of the Corporation in a form to be determined by the Board of Directors. San Francisco Community Land Trust Bylaws

B. Payment of dues as established by the Membership for the current calendar year.

a. Is a General member residing in housing on land lowned by the Corporation, or

b. Meets both of the following conditions: i. Has attended at least one Membership Meeting or Board of Directors Meeting during the previous twelve months, or has shown good cause for non-attendance and continuing interest in the Corporation; and ii. Has paid dues established for the current calendar year.

a. Annual membership dues shall be assessed for each calendar year by an affirmative vote of a majority of the Lessee Members and a majority of the General Members present and voting at the Annual Meeting that year. If no such action is taken to assess dues for a given year, the dues for that year shall be as established for the previous year.

b. Annual dues may be paid either in cash or through a contribution of labor to the organization. The Board of Directors shall determine the hourly rate at which labor will be credited as dues, and shall have the power to designate the types of labor that may be credited.

a. Every Regular Member shall have the right to participate in Membership Meetings, to vote on all matters properly put before the Membership for consideration, to nominate and participate in the election of the Board of Directors as provided by these San Francisco Community Land Trust Bylaws Bylaws, to serve on the Board of Directors or on committees if chosen, and to receive notices and minutes of Membership Meetings and Annual Reports of the Corporation.

b. The assent of the Regular Membership, in accordance with these Bylaws, shall be required before action may be taken on the assessment of membership dues, the sale of land, the establishment or alteration of the “resale formula,�? the removal of Directors, the amendment of the Articles of Incorporation or these Bylaws, or the dissolution of the Corporation.

a. Any person who has paid the annual dues established for the current calendar year who does not wish to become a Regular Member or has not met all of the requirements of Regular Membership shall be designated a Supporting Member of the Corporation.

b. Supporting Members shall have all of the rights of Regular Members except the right to nominate and participate in the election of the Board of Directors and the right to vote on matters put before the Regular Membership.

a. Notice of Membership Meetings. Written notice of every Membership Meeting shall be given to all Regular and Supporting Members and shall include an agenda for the meeting. Except as otherwise provided in Article VIII of these Bylaws, notice shall be mailed at least ten days prior to a meeting, or, with the consent of the member, may be sent by email.

b. Annual Memberhip Meetings. Subsequent to the First Annual Meeting, the Annual Meeting of the membership for reports to the Membership by the Board of Directors and Officers, the election of Directors, the assessment of dues, and the transaction of other business, shall be held in the first quarter of each year. The location and specific time of the Annual Meeting shall be San Francisco Community Land Trust Bylaws determined by the Board of Directors. Notice of the Annual Meeting shall include a list of those persons nominated for the Board of Directors as provided in Article III of these Bylaws.

c. Regular Membership Meetings. Regular Meetings may be scheduled by the Regular Membership at such times and places as they shall establish at the Annual Meeting.

d. Special Membership Meetings. Special Meetings may be called by the Board of Directors or by a written petition, addressed to the President of the Corporation, signed by at least ten percent (10%) of the Regular Membership. At a Special Meeting, only those matters stated on the agenda, as included in the notice of the meeting, may be acted upon by the Membership.

e. Open meetings. All Membership Meetings shall be open to any person.

f. Minutes. Minutes of all Membership Meetings shall be recorded by the Secretary of the Corporation or by another person designated by the Board of Directors. Minutes for every meeting shall be approved by the Regular Membership at the next Membership Meeting.

g. Voting Rights. Any General Member who does not live on land owned by the Corporation acquires voting rights 60 days after joining. No person who joins at a General Membership Meeting may vote at that General Membership Meeting.

h. Quorum. A Quorum shall consist of one-tenth of the total Lessee Membership (if any) and one-tenth of the total General Membership, as determined by the Secretary of the Corporation.

i. Decision-Making. Whenever possible, decisions shall be made at Membership Meetings by the unanimous consent of the Regular Members present, a Quorum being assembled. In the event that unanimity is not attained, a decision shall be made by an affirmative vote of all Regular Members present, if the Corporation does not have at least 30 Lessee members, as determined by the Board of Directors; otherwise, if the San Francisco Community Land Trust Bylaws Corporation does have at least 30 Lessee members, a decision shall be made by affirmative vote of a majority of the Lessee Members and a majority of the General Members present and voting, a Quorum being assembled, except as otherwise provided in these Bylaws. Before a vote is held on any motion, the exact language of the motion shall be recorded by the Secretary and read to the Membership, and all Members present shall have a reasonable opportunity to express their opinions on the proposition.