The purpose of these By Laws is to provide for the self-governance of the Oakleigh Homeowners Association, by establishing procedures by which the members of the Association will have the authority to control and direct the affairs of the Association through an elected Board of Directors (hereinafter referred to as the Board or the Directors), who will be held accountable to the membership in accordance with these By Laws., annual homeowners meetings held annually on the third Monday in February and monthly Board of Directors meetings are on the third Monday of each month.