BY-LAWS

OF
CHAMISA PARK HOMEONERS ASSOCIATION, INC.

ARTICLE I
The Corporation
Section 1. Name. The Corporation shall be known as Chamisa Park
Homeowners Association, Inc.
Section 2. Purposes. The Corporation shall carry out the purposes set
forth in its Articles of Incorporation. In connection therewith the members,
directors and officers of the corporation shall proceed in accordance with the
provisions contained in the Declaration of Covenants, Conditions and
Restrictions of Chamisa Park dated April 9, 1976 and filed for record
simultaneously herewith in the Office of the Clerk of Bernalillo County, State
of New Mexico.

ARTICLE II
Members
Section 1. Membership. Membership in the corporation shall be as
defined in the Declaration of Covenants, Conditions and Restrictions referred
to in Article I hereof.
Section 2. Annual Meetings. There shall be an annual meeting of the
members of the corporation for the election of directors and for the
transaction of such other business as may properly come before such
meeting on the first Tuesday of the third month following the end of the fiscal
year of the corporation, but if such date be legal holiday the meeting shall be
held on the next succeeding business day.
Section 3. Special Meetings. A special meeting of the member may
be called by the president or by resolution of the Board of Directors at any
time and shall be called by the president or by the Board of Directors
whenever requested in writing to do so by a majority of the members.
Section 4. Notice and Place of Meeting. All meetings of the members
of the corporation shall be held pursuant to written notice at such place
within the City of Albuquerque, New Mexico, as shall be designated by the
Board of Directors. The written notice shall be given by regular mail not less
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than ten (10) nor more than forty (40) days before the time fixed for such
meeting.

Section 5. Quorum and Voting. A majority of the members shall be

present to constitute a quorum at any meeting of the membership. The
voting rights of the members shall be as set forth in the Declaration of
Covenants, Conditions and Restrictions referred to in Article I. A member
shall be deemed present for the purpose of determining a quorum or the
right to vote if he is represented by a written proxy filed with the secretary of
the corporation prior to the meeting.

ARTICLE III
Directors
Section 1. Number, Election and Term of Office. The number of
Directors which shall constitute the board shall be three (3). Each director
shall hold office for a period of one (1) year and shall be elected by the
members of the corporation at the annual meeting. Vacancies occurring
between annual meetings shall be filled by the remaining directors.
Section 2. Meetings. The Board of Directors shall meet immediately
after the annual meeting each year to appoint officers for the ensuring year
and to transact such other business as may properly come before the
meeting. The Board, by resolution, may provide for the holding of other
regular meetings and may fix the time and place of holding the same.
Special meetings of the Board of Directors shall be whenever called by the
President or by a majority of Directors.
Section 3. Place of Meeting. The Board may hold its meeting at such
place or places within or without the State of New Mexico, as the Board of
Directors may from time to time determine, or as may be designated in the
notice or in waivers of notice thereof signed by all of the Directors not in
attendance at such meeting.
Section 4. Notice of Meetings. Except as hereinafter provided, notice
need not be give (1) with respect to an adjourned meeting, if the time and
place thereof is set in a meeting duly called and adjourned or (2) with
respect to any meeting if every member of the Board of Directors is present.
Except as otherwise required by law, notice of the time, place and purpose of
the holding each other meeting of the Board of Directors shall, at least seven
days before the day on which the meeting is to be held, be mailed to each
Director, postage prepaid, addressed to him at his residence or usual place
of business, or at such other address as he may have designated in a written
request filed with the Secretary of the Corporation, or shall be sent to him at
such address by telegram or cablegram at least four days before the time at
which such meeting is to be held. Notice shall be deemed to have been
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given when deposited in the mail or filed with the telegraph or cable office,
properly addressed.

Section 5. Quorum and Manner of Action. At each meeting of the

Board not less than a majority of the total number of Directors appointed or
elected must be present to constitute a quorum for the transaction of
business, and (except as otherwise provided by law, by the Articles of
Incorporation or by the By-Laws), the act of a majority of the Directors so
present at a meeting which a quorum is present shall constitute the act of
the Board, whether or not there is a quorum at any meeting, a majority of
the Directors who are present may by resolution fixing the time and place for
the holding of an adjourned meeting adjourn the meeting and may by similar
action successively adjourn the meeting and reconvene the meeting until the
business to be transacted thereafter shall be done.
Section 6. Resignations. Any Director may resign at any time by
giving written notice thereof to the Chairman of the Board, the President or
to the Board. Such resignation shall take effect as of its date unless some
other date is specified therein, in which event it shall be effective as of that
date. The acceptance of such resignation shall not be necessary to make it
effective.
Section 7. Fees. Directors shall not receive any sated compensation
for their services as such. The members may be resolution establish fees in
a reasonable amount to be paid to the Directors for attendance at meetings
of the Board, of committees of the Board, and adjournments of such
meetings. By resolution of the Board, Directors may also be reimbursed for
traveling expenses incurred in attending any such meeting or adjournment.
Nothing herein contained shall be construed to preclude any Director from
serving the Corporation in any other capacity or receiving compensation for
such services.

ARTICLE
Section 1. Appointment of Term of Office. The officers of the
Corporation shall consist of the President, one or more Vice Presidents, a
Secretary and a Treasurer, and there may be one or more Assistant
Secretaries, and one or more Treasurers, and such other officers as may be
appointed by the Board. One of the Directors may also be chosen Chairman
of the Board. Each of such officers (except such as may be appointed
pursuant to the provisions of paragraph f of Section 2 of this Article IV,
shall be chosen annually by the Board and shall hold office until next annual
election and until his successor is chosen and qualified. One person may
hold and perform the duties

Of any two of said offices, except that the offices of President and Secretary
may not be held by the same person.
Section 2. Powers and Duties. The powers and duties of the officers
shall be those usually pertaining to their respective offices, subject to the
supervision and direction of the Board. The officers of the Corporation may
be as follows:
(a) Chairman of the Board. The Chairman of the Board (if
there be one) shall preside at all meetings of the Board
and shall be ex-officio a member of all committees of
the Directors; and shall perform such other duties as
shall be assigned to him from time to time by the Board.
(b)President. The President shall be the chief executive
officer of the Corporation and shall have general
supervision of the business of the Corporation, and over
its several officers, subject, however, to the control of
the Board. The President, when present, and, in the
absence of the Chairman of the Board, if there be one,
shall preside at all meetings of the Board. He may
execute and deliver in the name of and on behalf of the
Corporation, deeds, mortgages, leases, assignments,
bonds, contracts or other instruments authorized by the
Board, unless the execution of deliver thereof shall be
expressly delegated by these By-Laws or by the Board
of Directors to some other officer or agent of the
Corporation.
(c) Vice President. Vice Presidents shall perform the duties
assigned to them by the Board or delegated to them by
the President, and, in order of seniority, at his request or
in his absence shall perform as well the duties of the
Presidents office. Each Vice President shall have power
also to execute and deliver in the name and on behalf of
the Corporation, deeds, mortgages, leases,
assignments, bonds, contracts or other instruments
authorized by the Board, unless the execution and
delivery thereof shall be expressly delegated by these
By-Laws or by the Board to some other officer or agent
of the Corporation.
(d)The Secretary. The Secretary shall keep the minutes of
the meetings of the Board of Directors and of the
members, and shall be the custodian of all corporate
records. He shall see that all notices are duly given in
accordance with these By-Laws or as required by law.
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(e) Treasurer. The Treasurer shall be the principal

accounting officers of

the Corporation and shall have charge of the corporate

funds and securities and shall keep a record of the
property and indebtedness of the Corporation. He shall,
if required by the Board, give bond for the faithful
discharge of his duties in such sum and with such surety
as the Board may require.
(f) Other Officers. The Board may appoint such other
officers, agents or employees as it may deem necessary
for the conduct of the business of the Corporation. In
addition, the Board may authorize the President or some
other officer to appoint such agents or employees as
they may deem necessary for the conduct of the affairs
of the Corporation.
Section 3. Resignation. The officers may resign at any time by
giving written notice thereof to the President or to the Board. Any such
resignation shall take effect as of its date unless some other date is
specified therein, in which event it shall be effective as of that date.
The acceptance of such resignation shall not be necessary to make it
effective.
Section 4. Removal. Any officer may be removed at any time,
either with or without cause, by resolution and adopted by a majority
of the whole Board at any meeting of the Board or by the Committee or
superior officer by whom he was appointed to office, or upon whom
such power of removal has been conferred by resolution adopted by a
majority of the whole Board.
Section 5. Vacancies. A vacancy in any office arising at any
time from any cause, may be filled by the Board or by the officer or
committee authorized by the Board to appoint to that office.
Section 6. Salaries. Salaries of all officers shall be fixed from
time to time by the Board of Directors or the Executive Committee and
no officer shall be precluded from receiving a salary because he is also
a Director of the Corporation.

ARTICLE V
Miscellaneous
Section 1. Offices. The Corporation shall have an office at such
place or places within the State of New Mexico, and may have offices
at such place or places within or outside the State of New Mexico, as
the Board shall from time to time determine.
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Section 2.
time, place

Waiver of Notice. The giving of any notice of the

And purpose of holding any meeting of stockholders or directors, any

requirements as to the publication thereof, whether statutory or otherwise,
shall be waived by attendance at such meeting by any person entitled to
receive such notice and may be waived by such person by an instrument in
writing, executed and filed with the records of the meeting either before or
after the holding thereof.

ARTICLE VI
Amendment
The membership shall have power to amend or repeal the ByLaws in whole or in part at any regular or special meeting of the
membership and members, by a majority of its membership.

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CERTIFICATE OF ASSISTANT SECRETARY

I, the undersigned, do hereby certify that I am the duly elected

assistant secretary of CHAMISA PARK HOMEOWNERS ASSOCIATION,
INC., a New Mexico non-profit corporation, and that the foregoing ByLaws comprising seven (7) typewritten pages, including this page,
constitute the By-Laws of said corporation as duly adopted at a
meeting of the Board of Directors thereof duly held on the 3rd day of
May, 1976.
IN WITNESS WHEREOF, I have hereunto subscribed my name and
affixed the seal of said corporation this 3rd day of May 1976.

_________________________________
Assistant Secretary

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