July 15, 1995 --Amended July 12, 2003

I.  Purpose of Organization

            A.  To act as stewards of the lake in regards to water quality,

                  fish management and shoreline conservation.

            B.  The members will elect a board for the purpose of

                  administering the business of the lake association.

II.  Membership

            A.  Membership shall consist of Lake Alexander property

                  owners whose current annual dues are paid by the annual

                  meeting.

            B.  Each member of the organization shall possess one vote.

            C.  The majority of those members present at the annual

                  meeting shall prevail.

            D.  Annual dues shall be set by the board with approval by

                  the membership.

            E.  Dues are payable July 1 for the new year and are

                  delinquent if not paid by the annual meeting of that year.

III.  Board Members and Officers

            A.  The board shall consist of nine elected members, three of

                  whom are to be elected in a given year for a three year

                  term, allowing the board membership to rotate in an

                  orderly fashion with three members coming on and three

                  going off each year.

            B.  Officers shall be President, Vice-president, Secretary and

                  Treasurer.

            C.  The officers shall be voted into office by the board

                  members from among their ranks, each officer holding

                  his or her office for one year.

            D.  Officers shall be given 25 cents a mile for travel

                  necessary to the conducting of association business.

            E.  The Secretary and Treasurer will receive per diem, not to

                  exceed three meetings a year, at a rate to be determined

                  annually by the Board of Directors.

            F.  If board members miss more than two meetings in any

                  one year, they will be removed from the board and a

                  temporary replacement will be appointed by the President

                  to fill the vacancy.

            G.  Nominations and Elections

                        1.  The nominating committee shall consist of:

                                    a.  A chairman appointed by the President.

                                    b.  Two additional members appointed by the

                                         chairman.  Two of the nominating committee

                                         members shall be members of the board.

                        2.  Elections

                                    a.  The chairman of the nominating committee

                                         shall report the slate consisting of three board

                                         nominees to the general membership at the

                                         annual meeting.

                                    b.  After a call for nominations from the floor, the

                                         new board members are to be elected by the

                                         membership by voice vote or written ballot.

IV.  Committees

            A.  All committees will be special committees.

            B.  The board President will appoint a chairman for each

                  special committee as necessary.

V.  Meetings

            A.  Annual Meeting

                        1.  the membership shall convene for an annual meeting

                             for the purpose of:

                                    a.  electing board members;

                                    b.  conducting such business that may necessarily

                                         come before the membership for a vote; and

                                    c.  informing the membership of current

                                         developments pertaining to lake property

                                         ownership.

            B.  Special meetings may be called by the President

                  providing written notice is extended to the membership.

            C.  The board shall meet prior and subsequent to the annual

                  meeting and at other times as the President may deem

                  necessary.

            D.  Parliamentary procedure will be used at all meetings.

VI.  Amendments to By-laws

            A.  By-laws may be changed or added at the recommendation

                  of the board by the majority vote of the membership at

                  the annual meeting.