La Princesa Board of Directors
Your Board of Directors acts as your elected representation within the corporation. The board consists of 5 members elected annually. The directors for the 2019 - 2020 election year are:
The President is the chief executive office, having general supervisory control of the business and officers of the HOA. The President presides at all meetings of the Members and at all meetings of the Board, is ex-officio a Member of all standing committees, and has the general powers and duties of management usually vested in the office of president of a corporation. The President must sign all leases, mortgages, deeds and promissory notes. The President, with a majority vote of the Board, may appoint committees from among the owners from time to time as the President may, in the President’s discretion, decide as appropriate to assist in the conduct of the affairs of the Association. The President shall serve as the Association’s representative on the Roadway and Seawall Enforcement Committee, any successor committee or council.
The Vice-President acts in the place and stead of the President, when the President is absent, unable to act or refuses to act. The Vice President may also be assigned other duties, by the Board.
The Secretary records votes and keeps minutes of all proceedings of the HOA, keeps the corporate seal, serves notice of meetings and keeps appropriate current records showing the Members of the HOA and their addresses. The Secretary may delegate these duties to a Professional Manager, however, subject to oversight by the Secretary.
The Treasurer receives and deposits in appropriate bank accounts the HOA’s funds, and disburses funds as directed by the Board, signs all checks and promissory notes of the HOA, keeps proper books of account, causes an annual audit of the HOA books to be made by a public accountant at the end of each fiscal year and prepares an annual budget and a statement of income and expenditures to be presented to the Membership at its regular annual meeting and deliver a copy of each to the Members. The Treasurer may delegate these duties to a Professional Manager, however, subject to oversight by the Treasurer.
The final director acts as a deciding vote in all decisions.