Missing the Boat

Section 12.1 of the new constitution of the Marina da Gama Association states that:

12.1    The monthly levies for each year shall be set at the Annual General Meeting which shall be held no later than 3 months before the beginning of the new financial year, at such time and place as may be determined by ExCom.

Notice has to be given in writing at least 21 days before the Annual General Meeting and, to date, ExCom have not yet called an AGM.

This leaves us with a very interesting scenario:  ExCom has missed the deadline at which the amount of the levies can be determined by the AGM, which in turn means that, in terms of their own constitution, they do not have the right to charge any levies for the 2010 year at all!

Ladies and gentlemen.  ExCom has missed the boat (again)!