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May 2006 REVISED BYLAWS OF BRIDGER CANYON PROPERTY OWNERS’ ASSOCIATION, INC.

ARTICLE I

Section 1.  NAME. 

The name of the corporation is Bridger Canyon Property Owners’ Association, Inc., a non-profit corporation.

Section 2.  PRINCIPAL OFFICE. 

The principal office for the transaction of business of the corporation is Bridger Canyon, Bozeman, Montana.

Section 3.  Purpose. 

The purpose of this corporation shall be to do everything in its power to preserve the rural character and the natural beauty and resources of Bridger Canyon and the State of Montana; to use its best efforts in guiding and directing orderly growth and development; to maintain, through organization, a definite influence in all matters which may affect residence or property rights and enjoyment thereof by its members; and to hold regular meetings for open discussions of problems of mutual interest and concern to those land owners.

Article II  -  MEMBERS

Section 4.  Membership. 

Membership in this association shall be limited to individuals or organizations who are Bridger Canyon real estate paying land owners within the area from the north zoning boundary on Bridger Canyon Road, south to where the Bridger Canyon Road crosses Bridger Creek west of the slide area, east from Bridger Canyon Road to Interstate 90 on the Jackson Creek Road, and east from Bridger Canyon Road to the zoning boundary on Kelly Canyon Road,  according to the zoning map on record at the Gallatin County Courthouse.  Members must be of legal age.

Section 5.  TERMINATION OF MEMBERSHIP. 

Any member may, at any time terminate his membership by resignation.  Membership is also terminated if the member ceases to be an owner as described in Section 4 or is delinquent in paying his dues.

ARTICLE III – DUES AND FINANCES

Section 6.  Dues. 

Dues in this organization shall be set by the Board of Directors upon approval of the membership at a general meeting.  Dues will be payable January 1st of each year.  A member will be found delinquent and lose his membership in the association unless his dues are paid by April 1st.  On or about March 1st, if a member’s dues are unpaid, the treasurer will send a reminder.

Section 7.  FINANCES.   

All monies received by this organization shall be deposited in a financial institution in Gallatin County to be selected by the Board of Directors.  All monies or income shall be dispensed at the direction of the Chairman, by the Treasurer, by checks signed by the Chairman or Treasurer, with approval of the Board of Directors, but in no case shall the Board of Directors expend more that $150.00 without the approval by a majority vote by the entire membership in attendance at any meeting where such business is conducted.  The Treasurer shall give a report of the organization’s monies at all general and Board of Directors’ meetings.  The Treasurer’s books and records shall be submitted to the Board of Directors for examination each year prior to the May general meeting.

ARTICLE IV – MEETINGS OF MEMBERS

Section 8.  GENERAL MEETINGS. 

A minimum of one general meeting shall be held in May; the date, place, and hour to be designated by the Board of Directors with a quorum consisting of 25% of the entire membership.

Section 9.  NOTICE OF GENERAL MEETINGS. 

Notice of a general meeting must be in the mail two weeks in advance of the meeting with notice of the planned agenda; however, the business need not be limited to this agenda.

Section 10.  SPECIAL MEETINGS. 

Special meetings of the members may be held at such other times as the Chairman of the Executive Board may determine, or upon written request of at least 10% of the entire membership with a quorum consisting of 15% of the entire membership.

Section 11.  NOTICE OF SPECIAL MEETINGS.  

Notice of a special meeting must be in the mail one week in advance of the meeting with a notice of the planned agenda, and no other business shall be conducted at said special meeting.

Section 12.  VOTING. 

Only members in good standing shall be entitled to vote and, in cases of joint tenancy or of organizations, they shall be limited to one (1) vote.  Members may vote either in person or by written proxy.  Only one (1) vote per membership in allowed.

Section 13.  RULES OF ORDER. 

Roberts’ Rules of Order, latest edition, shall be recognized as the authority governing meetings of the Board of Directors and committees, and all meetings of the organization, in all circumstances wherein its provisions do not conflict with these Bylaws.

ARTICLE V – CHAIRMAN

Section 14.  CHAIRMAN. 

A chairman will be elected at the May meeting for a one (1) year term to act as Chairman of the association and the Board of Directors, as a non-voting member, except in the case of a tie vote.

Section 15.  DUTIES OF THE CHAIRMAN. 

The Chairman shall be empowered to appoint such special committees as are needed at any time or on the majority vote of the members at any meeting.   The Chairman shall be, by virtue of his office, an ex-officio member of all committees and shall be notified of their meetings.

Section 16.  CONDUCT OF MEETINGS. 

The Chairman or, in his absence, a member of the Board of Directors selected by him or, in the event of no Board members present, a Chairman chosen by the majority of the members present, shall preside.  The Secretary of the Corporation shall act as Secretary of the meeting and, in case the Secretary shall be absent from the meeting, the Chairman may appoint any person to act as Secretary of the meeting.

ARTICLE VI  --  DIRECTORS

Section 17.  BOARD OF DIRECTORS. 

The Board of Directors shall be fourteen (14) in number, all of whom, with exception of the Bridger Bowl Ski Area Director, shall be members in good standing of the association.

Section 18.  ELECTION OF THE BOARD OF DIRECTORS. 

Following the election of a Chairman for a one (1) year term at the May meeting, the association will be divided into three (3) groups consisting of (1) Upper Bridger from the north zoning boundary south to the junction of Jackson Creek Road;  (2) Lower Bridger from said road junction to the bridge crossing Bridger Creek west of the slide area; and (3) Jackson Creek Road area from said road junction east to Interstate 90, for the purpose of electing four (4) directors from each group.

Section 19.  TERMS OF OFFICE. 

The twelve (12) directors will serve on a staggered basis, but initially one shall be elected to serve for one year, one for two years, and one for three years.  Each newly elected Board member from the three (3) areas will be elected for a three (3) year term.

Section 20.  DIRECTOR REPRESENTING BRIDGER BOWL SKI AREA. 

The twelve (12) Directors will appoint an additional Director for a one (1) year term from the Board of Directors of the Bridger Bowl Ski Association, who is not a private land owner in the Bridger Canyon area.

Section 21.  POWERS OF DIRECTORS. 

The Board of Directors shall act for and on behalf of the membership in all matters pertaining to its organizational purposes, and every such act must be reported to the membership at the general or special meeting of the membership next following.  If a Director opposes an action, then he will so state in writing or in the minutes or it will be assumed that the action was unanimous.  In cases where more than one (1) Director opposes an action, both a majority and a minority report will be given.

(a)     The Board of Directors may appoint a recording secretary and a treasurer who are members of the association to serve without salary on an annual basis.

(b)  Absence from three consecutive meetings without an excuse deemed valid by the Board of Directors shall be construed as resignation therefrom.  Upon the occurring of a vacancy for said reason, or the loss of a Board member for any other reason, the remaining Board members of the affected area (Upper, Jackson Creek, or Lower) shall nominate no more that two (2) persons to fill said vacancy.  Election of a nominee to fill said vacancy shall be by a majority of members of the Board of Directors present and constituting a quorum at the meeting at which the election is called.

       Nominations and the election shall occur at the next Board meeting      following the determination that a vacancy exists.  The member so elected shall serve until the next general meeting and may offer for election at that time.  An area dissatisfied with its representation may petition the Board, through a Board member from that area, to remove a Board member.  A decision on said petition shall be by majority vote of the Board of Directors present and constituting a quorum at the Board meeting when the vote is called upon the petition.

(c)     In the event that the office of the Chairman becomes vacant, the Board of Directors shall fill the office for the unexpired term.

(d)    The Board of Directors shall keep correct and complete books and records of accounts, and shall also keep minutes of all meetings.  All books and records of the corporation may be inspected by any member for any proper purpose at any reasonable time.  The Board of Directors shall be responsible for the safekeeping and maintaining of all records.

Section 22.  MEETINGS OF THE DIRECTORS.  

The Board of Directors shall designate a regular time and place of meeting of the Board.  The Board of Directors shall meet whenever the need arises and at least four (4) times a year.

(a)     All meetings of the Board of Directors shall be open to attendance by any member of the association.

(b)    A quorum at a Board of Directors’ meeting shall be representation from each of three areas and a minimum of six (6) members.

ARTICLE VII – AMENDMENTS TO BYLAWS

Section 23.  AMENDING BYLAWS. 

These Bylaws may be altered, amended, or replaced, and new Bylaws may be adopted by two-thirds of the voting members present at any general meeting of the membership at which a quorum (25%) is present.

Section 24.  NOTICE OF CHANGE IN THE BYLAWS. 

Announcement of intent to change Bylaws shall be made at a general or special meeting.  Written notice shall be in the mail two weeks in advance of the general meeting at which the Bylaw amendment or change is to be considered.  The exact wording of the amendment shall be in the notice.  Bylaw amendments can only be made at a general meeting.
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