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HomeMy WebLinkAbout1894 \ ' in provided for, the President, or in the event of his refusal or failure to act, the 8oard of Directors, shall call a meeting of the membership to be held within sixty (60) days for the purpose of consider- inq said amendment. Directors.and members not present in person or by proxy at the meetinq considerinq the amendment may express their - approval ir~ writinq, providinq such approval is delivered to the Secreta- ry at.or prior to the meeting. Except as elsewhere provided, such. approvals must be either by: ta) Not less than seventy-five (75$) percent of the entire membership~of the Board of Directors and by ~ not less than fifty-one (51$) percent of the votes of the entire membership of the Association; or (b) Not less than seventy-five (758) percent of the votes of the entire membership of the Association; or (c) In the alternative, an amendment may be made by an agreement signed and acknowledqed by all apartment owners in the manner required for the execution of a - deed~ and such amendment shall be effective when recorded in the Public Records of St. Lucie;County, Florida. (d) Until the first election of directors, and so long as the initial directors desiqnated in the Certi- ficate of Incorporation shall remain in office, proposal of an amendment and approval thereof shall require only the affirmative action of all of the said original di- rectors, and no meetinq of the condaminium unit awners nor any approval thereof need be had. 8.1 Proviso. Provided, however, that no amendment shall discriminate aqa st any condominiwa unit awner nor aqainst any condominium unit or class o= group of units unless the condaminiumn unit awners so affected shall consent. No amendment shall be made that is in conflict with the Articles of Incorporation or - the Declaration of Condominium. 8.2 Execution and recordin . A copy of each amendment shall be att~c to a certi zcate certifying that the amendment was duly adopted as an amendment of the Declaration and By-Laws, which ; ~ certificate shall be executed by the officers of the Association ~ with the formalities of a deed. The amendment shall be effective when such certificate and copy of the amendment are recorded in the Public Records of St. Lucie County, Florida. - 9. Mana ement A reement. Si.multaneously with the adoption of these By-Laws, e Associa~on, by and throuqh its original Board of Directors and Officers, has entered into an agreement with RECAP ,MANAGEMENT CORPORATION, a Florida corporation. Each apartment owner, his heirs, successors andassigns, shall be bound by said Management Agreement to the same extent and~effect as if they had executed said Management Aqreement for the purposes therein expressed. It is specifically recoqnized that sane or all of the persons caaprising the oriqinal Board of Directors and Officers of the Association are awners or some or all of the stock of the said Management Cbmpany, and that such circumstance shall not be construed or considered as a breach of their duties and obliqations to the Association, nor'as ~ qrounds for the invalidation of the Management Agreement in whole or ~ in part. ~ The foreqoing were adopted as the By-Laws of The Colonnades Con- dominiums No. 2, Inc., a corporation nor for profit under the laws of the State of Florida, at the first meetinq of the Board of Directors on the 30 day of No v. , 1970. Approved: ~ Secretary y ~ aooxi~ ~189i President _8_ I.AW O?FIG[i OF GOLDRE~N, FRANKLIN. CMONIN ! iCMRANK, r. A.. 20Y0 N01tTH[AiT tAi~o iTR~R. NORTH MIAMI.O[ACH. FLOR~DA l~i~s ~ r S * C, a~ - ~prh,°~ ~=-Y d~`~ ' _ , r ~ +Y ~ar"^'~` - . - - - ~'a: _ .