ARTICLE I

Name

ARTICLE II

Purposes and Objectives

To provide for the care and maintenance of all Club property, including Club houses, buildings, structures, appurtenances and other grounds, parks, dams, beaches, lakes, streams and waters;

To supervise recreation and sports, boating, bathing, fishing and all types of sports and athletic activities which may be engaged in Within the boundaries and jurisdiction of The Club;

To supervise and cooperate with all committees and auxiliaries representing and being a part of The Club organization;

To promote and perpetuate the standard and tone of the community;

To formulate, adopt and enforce rules and regulations;

To promote health, welfare, recreation, indoor and outdoor athletic events and entertainment;

To promote sociability and good fellowship between and among Club members; and

To do any and all things necessary appropriate or advisable incident to and for the best interests of the members of The Club.

ARTICLE III

Members

For purposes of this Section, Taunton Lake is defined as all that area encompassed by the Taunton Lake sides of Breakneck Road, Hinchman Road, Centennial Dam, Centennial Avenue and Hopewell Road and in addition, all real estate formerly the property of the Taunton Lakes Company and the house and property owned by the Larsen family that was granted use of Taunton Lake in their deed (the tract of land across from beach and west side of Fairview Road).

a. pays Annual Assessment in accordance with these By-Laws and the Protective Covenants created by the Taunton Lakes Company, a predecessor in title to the Taunton Lakes area; and

b. adapts his or her mode of occupancy to the existing natural environment of the Taunton Lake community; and

c. accepts in good faith the obligation to conserve and foster to the fullest extent the natural characteristics of his or her property, the neighborhood and the general Taunton Lake area; and

d. abides fully by the terms and conditions set forth in the Protective Covenants; and

e. abides by the rules and regulations as promulgated by the Board of Trustees and by these By-Laws, as amended.

The consequences of losing ones good standing status shall mean that the members privileges in the Club are terminated and except as provided for hereinafter with respect to the failure to pay the Annual Assessment, a member can only lose good standing status upon a two-thirds vote of a quorum of the Board of Trustees.

a. to appoint delegates to the different associations of which this Club may be a member, or for the purpose of conferring with any association or club respecting any matter in which this Club may be concemed;

b. to make rules for the conduct of the members of the Club and for their use of the Clubs property;

c. to fix and enforce penalties for the violation of the By-Laws and rules and regulations;

d. to remit penalties for offenses against the By-Laws and rules and regulations;

e. to prescribe rules for the admission of strangers or guests to the privileges of the Club;

f. to make, alter and amend the rules and regulations for their own government, and fix and enforce penalties for the violations of such rules and regulations; and

g. to prescribe additional duties for any of the officers, in addition to those herein set forth.

The Club shall, upon the request of any lot and/or dwelling unit owner or of any mortgagee, furnish to such lot and/or dwelling unit owner or mortgagee, a certificate in writing, signed by an officer of the Club, setting forth whether the Annual Assessment(s) have been paid. Such certificate shall constitute conclusive evidence of the payment of the Annual Assessment(s) therein stated to have been paid.

In addition to any other remedies provided for herein, any lot and/or dwelling unit owner who shall fail to pay the Annual Assessment within thirty (30) days after same shall become due and payable may be suspended from all privileges of the Club. If said dues shall not be paid within thirty (30) days after notice and demand for same from the Secretary, the Board of Trustees may by resolution, declare his or her privileges in the Club terminated, and he or she will lose "good standing" status with its attendant consequences.