HomeMy WebLinkAbout1875 1'fie parer~ o! th~ 7?~~ociatioA shall b~ •ubi~ct to and
thall b~ ~~ascised in accordanoe with th• provision~ o! tha Bylava
o! thi• l~arociation. •
1~?RTICLB IV
MBMBBRSBIP, BXP8I~IIS88, VOTING
1. The mea~bers of the ]~?esociation ~hall consiet o! .1IINDMILL
VILt.~GE BY T8B SE~ RBCRE11T201i CBI~ITER. IpC. and all of the Les~e~•
o! MIND~IILL~ VILI.~BB BY THE SBl1 RECRSI1TIOl~I CENTSR as set lorth in
l~aa~s betwesn the Lease~a and MINOMZLL vILIJ?c;E BY THB SB~ BBCRBI~-
T20N CBNTBR, II~lC., as Lessor, as rscorded in the p.nblic records o!
St. Lucia County, Florida. 1'he ms~barahip of ~iINDMILL VZLLI~IGE BY
THE SEl1 =ECRSATiON CBNTER, INC. shall terisinate Mhen it is no longer
obligated to ahara in the expens~s o! this As~ociation.
2. Cl~aage o! meabership in the Aasociation shall be e~tsblfsh~d
by the rscordinq in tbe public racords o! St. Lucie Couaty, l~lorida,
oi a lea~e or other instrunent establishing a record title as a Lesoes
o! 11INDMILL VILL~iBS BY T8B SSl~ RECRBl~T10N C81~1TBR, aad the dslivery
to the 1~?asociation ot a certitied copy o! snch instruwent, the p~rson
~ or entity desigaated by such in~trument thereby becotsing a ~eember o!
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~ ~the Association. T'he membsrship ot the prior Les~e~ shall be thereby
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~ tarminated. ~
~ 3. The share of a ms~er in the ttwds and a~sets o~ tbe Asaocia-
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~ tion cannot be assiqned, hypothecated or transferrad in any sannet
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~ axv~pt a~ providad in tbe Sylaas.
~ Tha members shall ahar~ tha s~sntea o~ thia Associatio~n
~ at provided for in the lea~es bstween the me~oben and tIIl~DliZLL VILI.~E
~ BY T88 SEl~ RBCRB~TION C8NT8R, INC., as Lessor. MINDMILL VILLJ?GE BY
~ T~3B 6EA RECRE~TIOi1 CSNTBR, INC. shall shere in ths •xpenaes ot this
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~ ~~ociatioo not al~ocatod to other ~e~obere ot thi• 1?ssociat3on under
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~ the tsr~n ot their l~a~e• vith NZi~DI~lILL VZT.L~GE HY THE SSA tiECRBJ~TIOt~
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