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<br />- 17 - <br /> <br />sixty percent (60%) of all the votes of each class of membership <br /> <br />shall constitute a quorum. If the required quorum is not <br /> <br />present, another meeting may be called subject to the same notice <br /> <br />requirement, and the required quorJm at the subsequent meeting <br /> <br />shall be one-half (1/2) of the required quorum at the preceding <br />meeting. No such subseq~ent meeting shall be held more than 60 <br />days following the preceding meeting. <br />Section 6.6 Uniform Rate of Assessment. Both annual and <br /> <br />special assessments shall be fixed at a uniform rate for all Lots <br />and may be collected on a monthly b~sis; provifed~ however, that <br /> <br />a Lot ownec3 by Declarant shall be assessed at one-':ourth the rate <br /> <br />assessed against Lots owned by others until the earlier of (i) <br /> <br />the issuance of an occupancy permit for the House located on su~h <br /> <br />Lot by the appropriate municipality, (ii) the use of the House <br /> <br />located on such Lot by Declarant as a model or as a residence or <br /> <br /> <br />(iii) the ~nspection and approval for occupancy for the House on <br /> <br />such Lot by the FHA or VA. <br /> <br />Section 6.7 Date of Commencement of }~nual Assessments: Du~ <br />, '- <br /> <br />Dates. Tne annual assessments provided for herein shall com~ence <br /> <br />as to all Lots on the first day of the month fcllowinb the <br /> <br />conveyance of the Common Driveways. <br /> <br />The first annual assessment <br /> <br />shall be adjusted according to the number of months remaining in <br /> <br />the calendar year. The Board of Directors shall fix the amount <br /> <br />of the annual assessment period. Written notice of the annual <br /> <br />assessment shall be sent to every Owner subject thereto. The due <br /> <br />dates shall be established by the Board of Directors. The <br /> <br />Association shall) upon demand, and for a reasonable charge, <br /> <br />