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HomeMy WebLinkAbout2745 . 1 , . . . , ~ . . 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. • ~ ; Amendments to these Articles of Incorporation may be ~ ~ 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. ~ ~ - ~ ARTICLE XL. This Corporation shall have all of the powers set forth ~ ~ in Chapter 617.021, Florida Statutes, as amended, and all of ~ ; ! 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 ~ i to its i3oard of Directors or Officors. In the eve~t thero are ~ ~ ~ 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 - 4 - ~ ~ e~K186 ~~~'7~8 . . . . . ~ . .w . _ _ . ~ ~ ~ ~ _F , T. _x _~.i ~ ~ : , ' - . . . _ . ~ - T ~ vzi~ ~-~n~`>.,. .