The affairs of the Association are locally managed by a Board of five (5) Directors in accordance with the DCCR and Bylaws. All Board members are Lost Oaks Subdivision homeowners and are Members of the Association. The number of Directors may be changed by amendment of the Bylaws of the Association. This elected Board of Directors exercises the powers and privileges necessary to perform the duties and obligations of the Association as set forth in that certain Declaration of Covenants, Conditions and Restrictions for Lost Oaks Subdivision applicable to the property and recorded in the Official Public Records of Real Property of Bexar County, Texas. The Board of Directors is required to fix, levy, collect and enforce payment by any lawful means, all charges or special assessments pursuant to the terms of the Declaration; to pay all expenses in connection therewith and all office and other expenses incident to the conduct of the business of the Association.
President - The president of the Board presides at all meetings of the Board of Directors. The president is ultimatly responsible to see that orders and resolutions of the Board of Directors are carried out. The president generally signs all contracts and other written instruments and co-signs all checks and promissory notes.
Vice-President - The vice-president acts in the place and stead of the president in the event of his absence and exercises other duties as may be required of him by the Board.
Secretary - The secretary records the votes and keeps the minutes of all meetings and proceedings of the Board and of the Members. The secretary also signs all contracts and other instruments executed in the name of or on behalf of the association. The secretary is keeper of the corporate seal of the Association and affix it on all papers requiring the seal. The secretary also serves or causes to be served, notice of meetings of the Board and of the Members; keeps appropriate current records showing the Members of the Association together with their address, and performs other duties as required by the Board.
Emily A. Corley
Treasurer - The treasurer receives and deposits in appropriate bank accounts all monies of the Association and disburses such funds as directed by resolution of the Board of Directors. The treasurer signs all checks of the association; is keeper of the books of account; cause an annual audit of the Association books to be made by a public accountant at the completion of each fiscal year; and prepares an annual budget and a statement of income and expenditures to be presented to the membership in compliance with the civil code, and delivers a copy of each to the Members.
Liaison - The Liaison is the fifth member of the Board of Directors and is a voting member of the board. The Liaison fulfills duties as assigned by the President or by the board.