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pro~vidad, howevor, that (1) prior to t.he tirst annual meetinq '
of the mc~ership, the IIy-Lews may not be amendod without a
prior resolution requustinq said amendmont by the IIoard of
Directorst (2) subsequent to the first annual meeting of the
membership, the Dy-Laws ma?y not be amended without the approval.
of the Board of Directors, unleas the proposed amendment 8ha11 :
be filed in writinq with the Secretary or President, not lesa
than ten (10) days prior to the membership m~eetinq at which
such amendment is to be voted upon.
~ AItTiCLE X. •
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Amendments to these Articles of Incorporation may be ~
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proposed by any member or director, ar~d shall be~adopted in ~
• the same man~er as is provided for the amendment of the By-Laws,
as set forth in Article IX. abovQ. Said amendment(s) shall be
~effective when.a copy therebf,~toqether with an attached cer-
tificate of its approval sealed with the Corporate Seal,
siqned by the Secretary or ar~ assistant secretary, and ~ ~
executod and acknowledged by the President or Vice President, ~
has been filed with the Secretary of State, and all filing
' fees paid.
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~ - ~ ARTICLE XL.
This Corporation shall have all of the powers set forth ~
~ in Chapter 617.021, Florida Statutes, as amended, and all of ~
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the powers set forth in the Condominium Act of the State of
Florida, and all powers qrar~ted to it by the~Declaration of
~Condominium and Exhibits annexed thereto, to which the By-
Laws of this Corporation are attached and made a part thereof. .
ARTICI,E XII.
There shall be no dividends pafd to any raembers, nor
shall any part of the income of the Corporation be.distributed
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to its i3oard of Directors or Officors. In the eve~t thero are ~
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any excess roceipts over disbursements, as a result of per-
forraing services, such excess shall be applied aqainst future -
expenses, etc. The Corporation may pay compensation in a
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