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ot v?r?it ownership, eithar voluntary or by operation of law,
~ shall terminate moribership in tho Corporation, eaid mcmborship •
is to become vasted in tho transforee. If unit ownorship is ~ '
vested in more th~n one parson, tt~.en al2 of the porsons so owning
said unit shall be members eligiblv to hold office, attend raaet- '
inqs, etc., but as hereinafter indicated, the vote of a ur~it
shall be cast by tho "voting member". If unit ownarship is
vested in a corporation, said corporation may desiqnate an indi- t
viciual officer or employee of the corporation ae its "votfnq ~ ~
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member". Any application for tho tranafor of inembership, or •
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for a conveyanco of an interest in, or to encumber or lease a
condominium parcel, where the approval of the IIoard of Diractors
of the Association is required, as set forth in these By-Laws
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and the Declaration of Condominium to which they are attached, r:
shall be accompar~ied by aa application fee in an amount to be
` set by the Board of Directors to cover the cost of contactinq ~
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the references qiven by the applicant, and such other costs of ';t`,.
fAVestiqation that may bo incurred by the Board of Directors. ~
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Section 3. Voting • ~ ~ .
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~ ta) The owner(s) of each condominium unit shall be entf- ~
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~ tled to ono vote for each condominium unit owned.. If a condo- ~
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~ ~ minium unit owner owns more than one wnit he shall be entitlod :
~ to one vote for each ur~it owned. The vote og a condominium u»it
shall not be divisible:
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(b) A majority of the unit owners' total votes shall decide
any question unless the By-Laws or Declaration of Condominium
provides otherwise, in which~ovent~t.'~e votinq percentage re-
quired in the By-Laws or the Declaration• of Cor?dominium shali
~ control. ~ ~
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~ Section 4: Quorum. Unless othenvise provided in these
By-Laws the presence in person or by proxy of a majority of the
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unit owners' total votes shall constitute a quorum. The term ~
"majority" of the ur~it owners total votes shall mean ur~ft
owners holdinq 51~ of the votes . .
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