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wliich vote niay be exercised c~i• cast Uy the owner or oMrners
of each Private llwellin~ in such manrier as may be provided
iii the By-LaKS hareafter ad~pted by Lhe Curporation. Should
any member own mo~•~ than one Private 1?wel~ing, such member
~
shall be entitled to exercise or cast as rnany votes as he
owns Privata llwalling~, in cht Llctlltl~3• p,-~~v~.ded by said
~y-~Z.81~f S . ~
5. Until such time as tl~,e pru~.~~;r~ ; c~~:sLribed in
r1R'P~II hereof arid the ir,~praver.«~;ts wh:.ci, :nay be here-
after constru~.ted there~n, are s~;bniitt~:~1 tc~ a plah of
Condorr.itiiurr< <~wr~crship by th~ r~~:~j•dati;-r; t~~. ~aid Declaration
of Cc?iidomit~iui~i, ttie I~:embe; sl~i~; oP the ~::~r~~::i•ation sha11 be
compri5ed ~f thc ~uLser•ibers tu tl~~se :tz~i.icie3, each of
wh~c:, subscriber~ shail be entitled tu «~r t:~rie vote on all
matte rs Un whi ch tl~~ h:embership st~ll b~ ~ ~:t ~ t led to vote .
aRTICI~E V
COftF{~RAT~: EXISTLNCE
;
T~i~ Cui~p~rr,t. i on shal l have ~erpetual t~ ~ i stence .
" ~RTICL~; VI ~
DIR~~:TCRS
T.~e affa~rs of Lhe Corporation sha~l be managed bp the
President of the Coi-p~ration assisted by th~ Vice President,
~
, ~ecretary and Treasurer, 3nd, if any, the Assistar~t Secre-
taries and AssistanL Treasurers, subject to Lhe directions
of t he Board of Ui re ctors . Th~ ~3oard oi' ~ Di re ctors or the
~
Pz~esident, with the approval of the Board of ~iirectors, may
emplc•y a mana~ing a~ent and~or such other managerial and
supervzsury Fersonnel cr ~nLities Lo administsr or assist in
the administraticn of the operation and management of INLET
HOUSE CONDC[~IUN{ APARTMENTS, INC. and the affairs of the
Lorporation, and any such person or entity may be so employed ~
~ith~ut i-zgard t~ wiiE~rer such Ferson cr ent3ty i$ a aeember
i
of the Corporation or a Director or Ofticer of the Corporation,
as the case may be . ~
BOOII +7
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