We're closed for the season but we'll see you NEXT
​SUMMER!

Rocky Ledge Swimming Association

Membership
FUN SUMMERS BEGIN HERE
Now's the time to take advantage of our full, associate and monthly available memberships, with varying rates for families and seniors.   See below for details, pricing and downloadable forms.
Contact Rachel at rockyledgerachel@gmail.com to take the next step to a better summer today!
New Members can choose from three different categories of Membership:  Full, Associate and Monthly.  
NEW MEMBERS

Full 

Download Full Member 2017 Invoice

  • ​​Full Members are owners of the club, have full access to the pool and grounds and can hold office or vote on any matters affecting the Membership and the facilities.

  • Full Membership is attainted through the purchase of a "Bond, " or share, in our co-operative.  In addition to the Bond, there is a one time Initiation Fee of $50 and Annual Maintenance Fees, or "Dues," (see below) payable each year by April 1.

  • Applications for Full Membership must be accompanied by payment for the full first year amount.  The application should list three current or former members as references.  If you do not have three references, please contact us to discuss other references.​

Associate

Download Associate Member 2017 Invoice

  • Associate Members are non-owners who are not eligible to hold office or vote, and have access to the pool and grounds during normal operating hours.  

  • Associate Membership is open to all without the need for references.

  • Associate Members pay only the annual dues of the season per the schedule below. 

Monthly

Download Monthly Member 2017 Invoice

  • Monthly Members are non-owners who are not eligible to hold office or vote, and have access to the pool and grounds during normal operating hours of the month of their membership.    

  • Monthly Membership is open to all without the need for references.

  • Monthly Members choose to join for one month of the season, either June, July or August, and pay only the monthly dues of the season per the schedule below. 
New Members and Existing Members can choose from three different types of Membership:  Family, Senior Couple and Senior Single.  
ALL MEMBERS

2017 MEMBERSHIP TYPES

Family

Senior Couple

Senior Single

  • Family Membership includes 2 adults and 2 children ("Junior Members"). A Junior Member is a dependent child from 2 to 23 years of age or younger who is the child of an active member.

  • Additional Junior Members may be added at the rate of $75* per person.

  • Additional Special Members (an individual over 23 years of age residing in the same household, an au pair 18 years of age or over, or an adult babysitter 18 years of age or over) may be added at the rate of $100* per person. 

​    * Exclusive of NYS Sales Tax
  • Senior Couples Membership includes 2 adults 62 years or older. 
  • Single Senior is 1 adult 62 years or older. 

Definitions and Other Relevant Terms/Information

  • For Family and Senior Couple Memberships, "adults" are spouses or partners residing in the same household.
​ 
  • All ages are determined as of the opening day of the season.  In 2017, this date is May 27.  
 
  • Babies and children under 2 are free. 

  • ONLY Senior Single and Senior Couple memberships are offered.  We do not offer single or couples memberships to individuals or couples who do not meet the age requirement.   Singles or couples under age 62 can only participate via the Family Membership status and its dues.  

2017 MEMBERSHIP DUES

  • Dues should be paid in accordance with the instructions on the specific invoices for each type of membership. 
  • Payments may be made by check or credit card (for an addiitonal processing fee).  
  • See invoices for credit card processing fees.
  • ALL PAYMENTS ARE FINAL; NO REFUNDS OR EXCHANGES.  

Paid Members can pick up their cards at the Gatehouse on Opening Day.   

Full Memberships

Senior
​Single

$400.00

$429.50
with Tax

$479.50 
After April 1

Senior
​Couple

$600.00

$644.25
with Tax

$694.25
​After April 1

Family
​(up to 4)

$745.00

$799.94
with Tax

$849.94
​After April 1 

Family
​(over 4)

$820.00

$880.48
with Tax

$930.48
​After April 1 

Special
Adult

$100.00

$107.38
with Tax

Qualifying 
adults are as defined above.

Additional
Child

$ 75.00

$80.53
with Tax

Qualifying 
children are as defined above.

Associate Memberships

Family
​(up to 4)

$745.00

$799.94
with Tax

$849.94
​After April 1 

Special
​Adult

$100.00

$107.38
with Tax

Qualifying adults are as defined above.

Additional
​Child

$50.00

$53.83
with Tax

Qualifying children are as defined above.

Monthly Memberships

Single

$300.00

$322.13
with Tax

Couple

$350.00

$374.82
with Tax

Family

$400.00

$429.50
with Tax

- Choose ONE month of the season (June, July or August) 
- Family is up to 2 Adults and 2 Children  ("Junior Members").  A Junior Member is a dependent child from 2 to 23 years of age or younger who is the child of an active member.



2017 MEMBER FORMS

SeasonRates 2017Member.pdf

2017 Member Invoice for FULL Members

SeasonRates2017Associate.pdf

2017 Member Invoice for ASSOCIATE Members

SeasonRates2017Monthly.pdf

2017 Member Invoice for MONTHLY Members

LifeGuardApp.pdf

2017 Lifeguard Application  

Coming Soon

2017 Swim Team Information and Registration Form 

All Members should familarize themselves with the legal guidelines of our organization.   
BY-LAWS
By-Laws of

ROCKY LEDGE SWIMMING ASSOCIATION, INC.
Incorporated Under the Membership Corporation Law of the State of New York


We, the Bondholders of the Rocky Ledge Swimming Association, Inc., in order to form a more perfect relationship among our members, provide for the best facilities possible, promote a recreation and relaxation for young and old at the lowest cost within reason, do ordain and establish these By-Laws of the Rocky Ledge Swimming Association.

ARTICLE I

NAME AND PURPOSE
Section 1.             The name of the Corporation is Rocky Ledge Swimming Association, Inc. (hereinafter called the “Association”).
Section 2.             The purpose of the Association shall be to construct, operate, manage and maintain a non-profit swimming pool with facilities for the exclusive use and enjoyment of the members of the Association and their guests.

ARTICLE II

GOVERNMENT
Section 1.             The Association shall be managed by a Board of Directors consisting of not less than three (3) nor more than nine (9) members, to be divided into three classes of equal numbers, to be known as Class One, Class Two, and Class Three.  The term of office of Class One Directors shall expire at the first Annual Meeting; the term of Class Two Directors shall expire at the second Annual Meeting; and the term of Class Three Directors shall expire at the third Annual Meeting.  Upon expiration of the terms of office of the Directors classified as aforesaid, their successors shall be elected for the term of three years each, so that one-third of the number of Directors of the Association shall be elected annually.
Section 2.             Directors shall be active members of the Association [for at least five years] and shall pay no maintenance while service on the Board.

ARTICLE III

BOARD OF DIRECTORS
Section 1.             Consistent with the law and these By-Laws, The Board of Directors shall:
A.    Elect Association members and officers.
B.     Fix and establish dues, initiation fees, if any, and membership bonds and terms thereof.
C.     Transact all Association business and make and amend rules for the regulation of the use of Association property.  The Board may also appoint and remove such officers, agents, servants and employees as it may deem necessary and may fix their duties and compensations.
D.    Fix, impose and remit penalties for violations of these By-Laws and the rules of the Association.
E.     Constitute and appoint committees and define their powers and duties.
F.      Fill any vacancies in the Board of Directors caused by death, resignations or otherwise and any newly created Directorship resulting from any increase in the authorized number of Directors by a majority vote of the Directors then in office, though less than a quorum.  A Director so elected to fill any such vacancy shall serve until the Annual Meeting of the members next following his election.
Section 2.             The Board of Directors may purchase or lease real property, or sell, mortgage or lease any or all of the real property of the Association, but only after such action has been approved by a majority of the members present at a Special Meeting of Members called for the purpose of considering the proposed action.  In addition, no sale or mortgage (other than a purchase money mortgage) of real property within the State of New York or lease thereof for more than five (5) years shall be made without leave of the Supreme Court in a Judicial District in which some of the property is located or the County Court of the County wherein the property is wholly or partly situated.
Section 3.             The Board of Directors shall designate a bank or banks in which the funds of the Association shall be deposited and determine the manner in which checks, drafts and other instruments for the payment of funds of the Association shall be executed, provided, however, that at least two (2) officers of the Association shall sign all such checks, drafts or other instruments for the payment of money drawn in the name of the Association, one of whom shall be the Treasurer.
Section 4.             The Board of Directors shall present at each Annual Meeting of Members, a report, verified by certified independent public auditors, of the financial condition of the Association, showing all assets and liabilities.  A copy of such report shall be filed with the minutes of the Annual meeting.
Section 5.             Nothing in these By-Laws shall be construed to permit the Board of Directors to borrow or pledge the credit of the Association in excess of $10,000 without the specific approval of the members of the Association at a duly held Annual or Special Meeting.
Section 6.             The Board of Directors shall cause the books of the Association to be audited annually by auditors selected by the Directors, who shall neither be Directors nor officers of the Association, and the report of the auditors shall be available to the members at all times.
Section 7.             Any member of the Board of Directors may be removed from office for just cause by a majority vote of the entire active membership at any Annual or Special Meeting.
Section 8.             Transact all Association business and make and amend rules for the regulation of the use of Association property.

ARTICLE IV

MEETINGS OF THE BOARD OF DIRECTORS
Section 1.             The Board of Directors shall hold its Annual Meetings following the Annual Meetings of the members in each year as promptly as practicable.
Section 2.             The Board of Directors may, by resolution, establish from time to time a schedule of its meetings and rules for the conduct thereof.
Section 3.             Special Meetings of the Board of Directors may be called by the President and shall be called by the Secretary upon the request of three (3) members of the Board.
Section 4.             The Board meetings shall be held at such place or places within the City of White Plains or Union Free School District Number 5 as the Board may from time to time determine.
Section 5.             Notice of regular and special Board meetings shall be given to each member of the Board at least five (5) days before the date of the meeting.  The notice shall state the time and the place of the meeting.
Section 6.             A majority of the members of the Board shall constitute a quorum for the transaction of business at any meeting, and an act of the majority of the Directors present at any meeting at which a quorum is present shall be the act of the Board of Directors unless otherwise provided by law or these By-Laws.
Section 7.             Neglect on the part of any Director to attend three (3) successive regular meetings of the Board without excuses considered valid by the President shall be considered as a tender of his resignation from office.  He shall immediately be so notified, as his position filled as elsewhere provided in these By-Laws.
Section 8.             Every meeting of Directors shall be called to order by the President, or in his absence the Vice-President, or in the absence of both, a member of the Board of Directors.  The order of business shall be substantially as follows:
Calling of the Roll
Reading of Minutes of Last preceding meeting
Reading of reports of Officers and Committees
Approval of candidates for Admission to membership
Completion of Unfinished Business
Transaction of New Business
Appointment of Committees
Adjournment

ARTICLE V

OFFICERS
Section 1.             The officers of the Association shall be a President, one or more Vice-Presidents, a Secretary, and a Treasurer.  The officers shall be elected annually by the Board of Directors at its organizational meeting following the Annual Meeting of members, and each shall hold office until the corresponding meeting in the next year and until his successor shall have been elected and shall have qualified.  Any vacancy in any office shall be filled for the unexpired portion of the term by the Board of Directors, at any regular or special meeting.  The President shall be chosen from the Board of Directors.  Officers of the Association may also include an assistant Secretary and an assistant Treasurer; with the exception of the President, officers of the Association need not be Directors.
Section 2.             The President shall preside at the meeting of the Association and the Board of Directors.  He shall be the administrative officer of the Association.  He shall also be, ex-officio, a member of all committees.  The Vice-President – the Vice-President who was first elected in the event of more than one Vice-President shall, in the absence or disability of the President perform all the duties of the President and when so acting, shall have the powers of the President.  A Vice-President shall exercise such powers and perform such duties as may be assigned to him by the Board of Directors or the President.
Section 3.             The Secretary shall give notices of the meetings of the Association and of the Board of Directors, keep the minutes and attend to the correspondence pertaining to his office.  He shall be the custodian of the records and of the corporate seal of the Association.  The Secretary shall exercise such other powers and perform such other duties pertaining to his office as may be assigned to him by the Board of Directors or the President.
Section 4.             The Treasurer shall keep the accounts of the Association, collect its revenues and pay its bills, as approved by the Board of Directors or any committee or officer authorized by the Board to incur them.  He shall deposit in the name of the Association all funds of the Association received by him in such depository as may be authorized by the Board.  The Treasurer shall perform such other duties and exercise such other powers as may be assigned to him by the Board of Directors or the President.  The Treasurer shall be bonded by the Association in a sum and with a surety satisfactory to the Board, conditioned upon the faithful performance of his duties and for the restoration to the Association, in case of his death, resignation, retirement or removal from office all books, papers, vouchers, money and other property of whatever kind in his possession or under his control belonging to the Association.
Section 5.             The Assistant Secretary and Assistant Treasurer, if any, shall exercise such powers and perform such duties as may be assigned to him or either of them by the Secretary and Treasurer, respectively.

ARTICLE VI

MEMBERS
Section 1.             Membership in the Association shall consist of family units within which there shall be the following classes of members:  (a) Active, (b) Junior, (c) Special, (d) Associate.
Section 2.             Active Members – husband and wife, or head of family; the term “member” when used in these By-Laws shall refer to this classification unless otherwise specified.
Section 3.             Junior Member – Dependent child, under 23 years of age, of Active Member.
Section 4.             Special Member – An unmarried child 23 years or over or a legal dependent residing in the household of an Active Member.
Section 5.             (a)      Associate Member – a temporary, non-voting membership for one season, renewable only upon invitation of the Board of Directors for an additional season.  This may be done solely for the purpose of meeting the fiscal obligations.  At no time shall the dues for this class of membership be less than that paid by the Bondholders.
(b)     The Association may have such other classes of membership as may be defined by the Board of Directors.

Section 6.             (a)      Candidates for new membership after original 400 members must be personally known and recommended by at least three members.
(b)     The Board of Directors shall vote upon the admission to the Association of each applicant for active or special membership at its first meeting after receiving such recommendations, and shall confer membership only upon those applicants who shall be approved by at least a majority of the members of the Board.

(c)      A candidate for membership who acquired the title to the premises vacated by an active member shall be given priority over all other candidates in consideration for membership.

          (1)     A bondholder requesting redemption of his bond may submit the application of a potential member.  Upon approval of the application by the Board of Directors, the bondholder submitting the application shall be given priority over the chronological order of redemption.  All transactions must be handled through the Association.
(d)     Whenever there are no vacancies in the membership of 400, applicants for membership shall be placed upon a waiting list from which future members of the Association shall be elected as vacancies occur.  Subject to provisions of these By-Laws, waiting list applicants will be considered for membership vacancies in the chronological order in which their applications were received by the Association, except that applicants on such waiting list who are residents of or owners of real property located in the Town of North Castle shall be given a priority or preference over all other applicants on such waiting list.

(e)      Memberships under Section 3, of this Article will cease when the conditions of said section no longer exist.

Section 7.             (a)      Any member of any class may, for cause and after having been given an opportunity for a hearing, be suspended for a period of not exceeding three months or expelled by a two-thirds vote of the entire membership of the Board.  Cause for suspension, or expulsion shall in general consist of violation of these By-Laws or of the rules of the Association, or of conduct unbecoming a lady or gentleman.
(b)     The Board of Directors may delegate to the Chairman of any committee, or to a responsible employee of the Association, the power to suspend pool privileges for the violation of rules of the Association, provided such suspension does not exceed seven (7) days.  A written report of such suspension containing reasons therefor shall be submitted to the President within 24 hours after the suspension.
Section 8.             (a)      All classes of members of the Association shall be accorded the facilities of the Association subject to the rules of the Association, which shall be distributed to the members or posted at a suitable place, or both.
(b)    A card shall be issued upon the payment of dues to every member specifying thereon his class of membership.
(c)     The Board of Directors at its discretion may extend the privileges of the Association to any person or persons.
(d)    The Board of Directors shall by rule fix the terms and conditions upon which guests of members may use the facilities of the Association.
Section 9.             The Association assumes no responsibility, and members (of any class) or their guests shall have no claim against the Association, for any accident or injury to any person or their property.

ARTICLE VII

DUES AND FEES
Section 1.             (a)      The Association may raise some or all of the funds necessary for acquiring or improving its properties and facilities, or for its operations, through the issuance of Bonds.  The Bonds shall be non-interest bearing.  While the Bonds show a value of $350.00 on their face, the value was fixed at $375.00 by the membership at a Special Meeting of Members on March 12, 1965.  No Bond shall be issued for less than the $375.00 value.
(b)    No member of the Association accepted into membership before October 22, 1959, shall be required to purchase a bond as a condition precedent to his membership or as a condition of continuing his membership in the Association.
(c)     For the purpose of providing all or part of the necessary funds to reimburse members of the Association who voluntarily contributed to the Association by way of purchase of Bonds prior to October 22, 1959, each active member accepted into membership on or after October 22, 1959, as a condition precedent to membership shall be required to purchase a bond.
(d)    Bonds issued to members shall not be transferable and each shall contain an appropriate notation to that effect on the face thereof.
(e)    A holder of a Bond may redeem his Bond any time after June 30, 1960 for the full amount paid less any indebtedness owing by the holder to the Association.  The manner in which the Bonds shall be redeemed shall be determined by the Board of Directors provided, however, that such Bond shall be redeemed in the chronological order in which requests for redemption have been received by the Board of Directors, except as otherwise provided in these By-Laws, and only as soon as payment for a Bond is received from an incoming member, or as deemed beneficial to the welfare of the Association and approved by the Board in each instance.  The request to the Board of Directors for redemption of Bonds must be in writing.  The Association may redeem the Bond of any member in accordance with the above provisions without his request upon cessation of his membership for cause, and after such redemption the Bond may be cancelled by the Board of Directors.
(f)     All indebtedness owing to the Association by a holder of a Bond shall be a lien upon and charged against the Bond at the time of its redemption, and the Bond may be taken over by the Association to satisfy such indebtedness.  In the event of the Association being unable to obtain possession of the Bond, it may be cancelled on the books of the Association, and a new Bond issued in place thereof to a new possessor on payment by him to the Association of the face value of the Bond.  In case of the enforcement of a lien, as above herein provided, neither the signature of the holder nor the delivery of the Bond shall be requisite to perfect the transfer to the Association, or to a new possessor, and the Treasurer of the Association is hereby authorized, as the attorney of the holder of such Bond, to make such transfer.  Every bond is expressly subject to the provisions of this Section.
(g)    In the event of the dissolution of the Association in any manner or for any cause, and in no other event, upon the effective date of dissolution of the Association, each Bond shall be a lien upon the proceeds of the sale of the property of the Association after the payment of all of its just debts and obligations to the extent of the face value of the Bond, subject to set-off of all debts, dues and obligations owed by the holder of the Bond.  After payment of all Bonds outstanding upon the effective date of dissolution of the Association, the surplus remaining shall be paid and distributed pro rata among the holders of such bonds or their legal representatives and to no others.
Section 2.             The Board of Directors may establish initiation fees in such amounts as may be determined by it from time to time for candidates for membership which shall be payable as a condition of admission to membership.
Section 3.             (a)      The Board of Directors may establish the dues for each year for any one or more of the classes of membership.
(b)    Dues shall be sufficient to provide for the necessary running expenses of the Association and the proper maintenance and improvement of its property.
(c)     No dues or part thereof shall be refunded in the event that pool operations are required to be suspended for any period.
(d)    Dues shall be paid every year by every bondholder.  A member who desires to have his Bond redeemed shall be liable for the Annual Dues until the Bond is sold.  In the case of Bond redemptions which occur in mid-season, the Annual Dues shall be pro rated between the two parties as the Board of Directors may determine.
(e)    The Annual Dues shall be due on April 1st of each year.  Bills for the Annual Dues shall be mailed to all Bondholders during the Month of March.  However, failure to receive a bill by any of the Bondholders shall not relieve him of the obligation of the Annual Dues.
Section 4.             Members shall be responsible for the payment of all charges or liabilities that may be imposed upon or incurred by members of their family to whom the privileges of the Association shall have been extended, and for all charges and liabilities imposed upon or incurred by their guests.
Section 5.             All fees and other charges mentioned herein are exclusive of taxes imposed by the Federal, State or other governmental bodies and agencies.
Section 6.             Neither the Board of Directors nor the Members of the Association shall have the power to levy any special or general assessment on the members of the Association except upon the consent of the majority of the members present in person or by proxy and voting at annual or special meetings and such Annual or Special Meeting.
Section 7.             Any member of any class failing to pay when due any indebtedness owed by him to the Association within fifteen (15) days after being notified by letter that he is delinquent in payment may be suspended by the Board of Directors.  Any person thus suspended shall be notified in writing of his suspension, and if his indebtedness shall not be paid within fifteen (15) days after the sending of such notice, he shall cease to be a member of the Association.  The Board of Directors in its discretion may reinstate any member upon request and repayment of all indebtedness to the Association.

ARTICLE VIII

MEETINGS
Section 1.             (a)      The Annual Meeting of the Association shall be held before March 1st of each year, at such place and time as the Board of Directors may determine.
(b)     The Annual Meeting shall be for the purpose of electing Directors, presenting committee reports, and for the transaction of such other business as may be indicated in the notice or may be brought before it.
Section 2.             Special Meetings of the Association may be called by the Board of Directors or the President.  Also, upon the written request of fifty (50) members to the Secretary, stating the purpose therefore, a special meeting shall be called by the Secretary within thirty (30) days.
Section 3.             (a)      Notice of the Annual meeting shall be given in person, or by mail or telephone, to the members at least five (5) days prior thereto.
(b)     Special meetings of the Association may be held on three (3) days notice in person, or by mail or telephone, to all members.  The notice shall state the purpose for which the Special meeting is called, and no other business shall be transacted thereat.
Section 4.             Only active members in good standing on the date of the meeting shall be entitled to vote at meetings of the Association and each family unit holding a bond shall have one vote.   If unable to attend in person, any such active member may be represented by completing and signing the official Association proxy form which shall be included with Notice of the Annual meeting and returning the proxy by first class mail.  Proxies must be received at least one business day prior to the annual meeting.
Section 5.             One-third of the active members, or if one-third be nine or more, not less than nine, present in person or by proxy shall constitute a quorum at all Association meetings for all purposes except the election of Directors.  For purposes of the election of directors, a quorum shall be 35 active members  present in person or by official Association proxy.
Section 6.             Whenever in these By-Laws notice to members is required, the mailing of such notices to the last known address of the members shall constitute notice.
Section 7.             At all annual and special meetings of the members of the Association, the order of business shall be substantially as follows:
-         Calling of the Roll and ascertaining whether a quorum be present
-         Reading of Minutes of the previous annual or special meeting of members and approval thereof
-         Reading of communications to the Association received since the last previous annual or special meeting
-         Reading of reports from committees and approval thereof or action thereon
-         Election of Directors (if an annual meeting)
-         Transaction of New Business
-         Adjournment

ARTICLE IX

MISCELLANEOUS
Section 1.             Each Director, officer and employee of the Association shall be indemnified by the Association against reasonable expenses, including attorney’s fees, actually and necessarily incurred by him, whether then in office or employed by the Association or not, in connection with any action, suit or proceeding (including any settlement or compromise thereof with the approval of the court) to which he may be made or named as a party by reason of his being or having been a Director, officer or employee of the Association, except in relation to matters as to which he shall have been finally adjudged, in such action, suit or proceeding to have been liable for negligence or misconduct in the performance of his duties as such Director, officer or employee.  Such right of indemnification shall extend to the heirs, executors and administrators of each such Director, officer and employee, and shall not be exclusive of each such Director, officer and employee, and shall not be exclusive of any other rights to which any Director, officer or employee (or his heirs, executors and administrators) may be entitled as a matter of law.
Section 2.             No contract relating to the operations conducted by the Association or for furnishing supplies to the Association shall be invalidated by reason of the fact that any Director or officer of the Association is interested therein either as party to the contract or as member of any firm, partnership, or stockholder in a corporation which is a party to such contract.
Section 3.             Any member or Director may waive any notice required to be given by law or by the provisions of the Certificate of Incorporation or by these By-Laws; provided, that such waiver shall be in writing and signed by such member, either before or after the meeting, notice of which is being waived.
Section 4.             The seal of the Association shall be circular in form and shall bear the name of the Association, the words “New York” and “1959.”
Section 5.             Any question as to the meaning for proper interpretation of any of the provisions of these By-Laws shall be determined by the Board of Directors.
Section 6.             The Board of Directors shall have power to amend or repeal any By-Laws of the Association by the affirmative vote of at least two-thirds of the whole Board at any regular meeting of the Board of Directors, or any special meeting of the Board, provided, however, that no By-Laws shall be deemed amended or repealed by the Board of Directors unless the resolution authorizing the same shall specifically state that a By-Law is thereby being amended or repealed.  The members of the Association may amend or repeal any By-Laws of the Association only at a special meeting of the Association and only by the affirmative vote of at least a majority of the members present at said special meeting at which a quorum is had.
Section 7.             The Association shall not be held responsible, and no member shall be entitled to a refund of the purchase of his bond or of his initiation fees or dues, by reason of failure or delay in the erection of the pool or any structures or equipment relating thereto or interruption of the operation of the pool caused by any act of God, national emergency, governmental order, strikes or any cause beyond the reasonable control of the Association.
Section 8.             Whenever mention is made herein to age of members, it shall be the age attained as of January 1st of the current year.
Following the request of the membership made at the July 20, 2008 open Board, the by-laws of the Association have been amended to eliminate the need for judicial approval of a sale of the property and to provide a procedure for regulating the bond holders that would be eligible for distribution of the proceeds of any sale. In addition, the by-laws were amended to reduce the expense associated with obtaining an annual financial report verified by certified independent public auditors. A copy of the Resolution unanimously passed by the Board will be available at the meeting and is posted on the website.

Resolution

Amending the By-Laws of Rocky Ledge Swimming Association

Whereas, at an open meeting of the members of Rocky Ledge Swimming Association on July 20, 2008, members requested that the By-Laws be amended to facilitate the prospects of a sale of all or part of the property comprising Rocky Ledge Swimming Association and prevent the dilution of membership interest preceding the event of such a sale; and 

Whereas, at an open meeting of the members of Rocky Ledge Swimming Association on July 20, 2008, a member pointed out an ambiguity in the By-Laws of Rocky Ledge Swimming Association regarding the requirements for an annual certified financial statement; 

Whereas, the Board of Directors of Rocky Ledge Swimming Association desire to be responsive to the interest of its membership; and 

Now therefore in accordance with Article IX, Section 6, the Directors agree to amend the By-Laws as follows:

1. Article III, Section 2, is amended to eliminate the need for judicial approval of the sale of property, and shall read as follows:

“Section 2. The Board of Directors may purchase or lease real property, or sell, mortgage or lease any or all of the real property of the Association, but only after such action has been approved by a majority of the members present at a Special Meeting of Members called for the purpose of considering the proposed action.”

2. Article III, Section 4, is amended to eliminate the requirement that the financial report to members be verified by certified independent public auditors unless specifically requested by no less than forty members, and shall read as follows:

“Section 4. The Board of Directors shall present at each Annual Meeting of Members, a report of the financial condition of the Association, showing all assets and liabilities. A copy of such report shall be filed with the minutes of the Annual Meeting. When (i) in the Board of Directors’ sole discretion the financial condition of the Association so allow, or (ii) a written request is made by no less than 40 members, the report shall be verified by certified public auditors.”

3. Article VII, Section 1(g), is amended to include a moratorium on the eligibility of bond holders to participate in the distribution of the surplus proceeds of any sale of property, and shall read as follows:

“(g) In the event of the dissolution of the Association or the sale, in whole or in part, of any property of the Association, each Bond shall be a lien on the proceeds of the sale of property of the Association after the payment of all of the Association’s debts and obligations to the extent of the face value of the Bond, subject to set-off of all debts, dues and obligations owed by the holder of the Bond to the Association. In connection with any such sale, the Board, in its sole discretion, shall declare a holder-of-record date that reasonably coincides with the date the sale of property became both probable and publicly known. After application of the proceeds of sale to the payment of all liens and other obligations outstanding at the date of dissolution of the Association, the surplus remaining shall be distributed pro rata among members who were bond holders in good standing on the holder-of-record date.” 


Vote taken: January 12, 2009 Ayes: __6___ Nays: ___0____



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