Article I.   Name

1.   The name of this organization shall be: Leisure Acres Mobile Home Owners
      Association Inc. of Highlands County.
2.   Address shall be: (Secretary's Name)
                                 3651 U S 27 South   (Secretary's Lot Number)
                                 Sebring, FL 33870

Article II.   Objective

1.   The objective of the Association shall be:
       a.   To promote general welfare and protect the rights and interest of the
             homeowners.
       b.   If Leisure Acres is offered for sale by the owners, the Association will be in
             proper position to negotiate with owners at a fair and equitable price.

Article III.   Membership

1.   All owners of mobiles homes are eligible for membership.   Upon applying for
       membership and payment of dues, all owners of such mobile homes will become
       members of the Association and each household will have a vote.
2.   Members shall abide by the Association By-Laws.

Article IV.   Dues

1.   Initial dues for membership in the Association shall be five dollars ($5.00) per
       household.
2.   Additional dues shall be set by a majority vote of the members of the Association as
       needed.

Article V.   Meetings and Quorums

1.   The Leisure Acres Mobile Home Owners Assocaiton Inc. shall hold an Annual
       meeting on the second Thursday of December of each year.
2.   All meetings shall by governed by these By-Laws, Robert's Rules of Order shall
       prevail.
3.   The members will be notified of each meeting at least four 4(days) prior to such
       meeting.
4.   Notification of meetings shall be posted on the bulletin board, stating the subject
       matter and purpose of the meeting with date, time and place of the meeting
5.   Fifteen (15) members shall constitute a quorum.
6.   Executive Committee meetings shall be open to all members. Three (3) members
       shall constitute a quorum
7.   Additional meetings of the Association may be called by the President. Or upon
       request of at least fifteen (15) members.

Article VI.   Officers

1.   Elected officers shall consists of a President, Vice-President, Secretary, Treasurer,
       and Board of Six (6) Directors, elected at the December meeting and taking office
       on January 1st.
2.   The Board of Directors shall elect its own chairperson.
3.   Terms of office shall coincide with the fiscal year.
4.   Employees of Park management shall not serve on the executive committee.

Article VII.   Duties of Officers

1.   President.
       a.   Shall preside at, and conduct all meetings of the Leisure Acres Mobile Home
              Owners Association Inc.
       b.   Shall assist the Board of Director in the fulfillment of all rules and regulations
              that are adopted and passed by the membership.
       c.   Shall appoint all chairpersons of committees listed in the By-Laws.
       d.   Shall appoint a temporary Secretary if needed
       e.   Shall fill vacancies of officers and directors for unexpired terms of office.
2.   Vice-President.
       a.   Shall perform the duties of the president in his or her absence and shall advance
             automatically to the office of President if for any reason the incumbent President
             cannot finish her or her term of office.
3.   Secretary
       a.   Shall keep minutes of all general and special meetings.
       b.   Shall take care of all the Association's Correspondence as directed by the
             membership or the President.
       c.   Shall keep all records in proper order.
4.   Treasurer
       a.   Shall maintain an accurate general fund accounting record of all receipts and
             expenditures.
       b.   Shall deposit all monies in the bank within a reasonable time of receipt.
       c.   Shall sign all checks. In the absence of the Treasurer, checks may be sign by
             the President.
       d.   Shall pay all bills approved by the membership.
       e.   Shall give a detailed financial statement at each meeting of the Association.
       f.   Shall submit all records for auditing.
5.   Board of Directors
       a.   Shall recommend to the membership business or suggestions brought to its
             attention which will enhance the welfare of the association.
       b.   Shall review and attempt to resolve members' bonafide complaints to the
             best of their abilities. If complaint is not resolved, shall make a recommendation
             at the next meeting of the membership or shall call a special meeting. The
             complainant must be a member of FMO to have the complaint forwarded to the
             FMO.
       c.   In the event of the absence of the Chairman, the Board will appoint a temporary
             chairman who will act as chairman and assume all the duties and responsibilities
             of the chairman.
6.   Executive Committee
       a.   The elected officers and directors shall serve as the executive committee.
       b.   They shall meet two (2) weeks prior to the annual meeting and whenever
             deemed necessary by the president.
7.   Nominating Committee
       a.   The president shall appoint a nominating committee of three (3) members at
             least thirty (30) days prior to the December meeting.
       b.   The nominating committee shall endeavor to submit a slate of one (1) or more
             nominations for each office. This slate of nominees shall be posted at least
             seven (7) days prior to the annual meeting. Further nominations shall be
             accepted from the floor at the December meeting.
       c.   When more than one member is nominated for an office, the election must be by
             secret ballot.
       d.   The nominating committee and two (2) members appointed by the President shall
             handle the balloting and report the results.
       e.   Elections shall be held at the December meeting.
8.   Auditing Committee
       a.   Shall consist of two (2) members appointed by the President.
       b.   There shall be a general audit at the end of each year and whenever it is
             necessary to replace the Treasurer.
9.   Membership Committee
       a.   The president shall appoint a membership committee chairman.
       b.   The chairman shall be responsible for contacting all new homeowners and
             solicit their membership.
       c.   the chairman shall keep records of all paid up members and a separate
             record of those owners who have chosen not to join.
       d.   All membership monies (dues) shall be deposited with the association
             treasurer

Article VIII.   Fiscal Year

1.   The fiscal year shall be from January 1st to December 31st.

Article IX.   Compensation for Service

1.   There shall be no compensation for services rendered by members or officers of the
       association.

Article X.   Amendments To The By-Laws

1.   Amendments to the By-Laws shall be proposed and adopted in the following
       manner.
       a.   Notice of the subject matter of a proposed amendment shall be included in the
             notice of the annual meeting at which time the proposed amendment is to be
             considered.
       b.   Amendments to the By-Laws may be submitted by any member to the
             Executive Committee at least sixty (60) days prior to the annual meeting in
             December. The Executive Committee shall ascertain the legality of the
             change. The Executive Committee shall place it in proper force for a vote at
             the annual meeting.
       c.   For the purpose of the adoption of amendments to these By-Laws a quorum of
             thirty (30%) percent of the members shall be required.
       d.   A two thirds (2/3) majority of those voting shall be required for the adoption
             of an amendment.
       e.   Members not in residence shall be notified by mail, at the address as listed in
             the park directory. Their ballot must be returned and received by the
             Executive Committee prior to the meeting date.
       f.   Returned ballots shall be included as a part of the quorum.
       g.   Any and all By-Laws not included herein as required by Chapter 723 of the
             Florida Statures shall be deemed to be included as part of these By-Laws.