HomeMy WebLinkAbout1687 V111.
6Y-LAWS
A. ~he operation of the Condominium property
after completion af sales shall be governed by the By- .
Laws which are set fo~th i~ a document entitled "By-Laws
of VENTURE OUT AT ST. LUCIE, INC., a Condominiua~", whith
is annexed to this Declaration, marked Exhibit "C" and
made a pa~t hereof.
B. No modification of or amendment to the By-
Laws of said Association shall be valid unless set forth
in o~ a~nexed to a duly ~ecorded amendment of this Dec-
laration. The By-Laws may be amended in th~e manner ~
provided for therein, but no amendment to said By-Laws
shall be adopted which would affect or impair the validity
or priority of any mortgage covering any Condon~inium
parcel (s) . -
IX.
~ THE OPERATION ENTITY •
A. The name of tt~e Association responsible for
the operation of the Condominium is set forth in Article
II hereina~ove; said corpo~ation, when organized shail
be, a no~-profit Florida.corporation, organizad and
existing pursuant to the Condo~ninium Act. The said As-
sociation shall have all of the pawers and duties granted
to or imposed upon it by this Declaration, the By-Laws of
the Association, and its Articles of Incorporation, which
; Articles of Incorporation are attached hereto, marked
~ Exhibit "D" and made a part hereof.
~ B. Every owner of a Condominium partel, whether
~ he has acquired his ownership by pu~chase, by gift, con-
~ veyance, or transfe~ of operation of law, or otherwise,
~ shall be bound by the By-Laws of said Association, the
- Articles of Incorporation of the Association, and by the
provisions of this Declaration.
C. Notwithstanding any of the foregoing provisions, .
~ until completion of sales by the Developer, ali rights of
~ management, coilection of assessments as provided for ~n
~ Section X, etc. shall vest exclusively in it.
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