HomeMy WebLinkAbout0833 instruments. Tho o~vner d~si~::~:t~d by s4c", irastru:r.e:tt thus beccn:c;S ~ 3r.e.~:-
bcr of tt.e Association ar.d ~:e ;
~em.bers:zip of t~:e prior o~ti-ne: is i~:rr:.i:.a~~d.
~.3 Tr.e share of a m.err.ber in tne iur.ds ~:,d asse,s of the Associ~:;o:~
cannct be 3ssi~ned, hypo::.eca.ed or t.~sr.sier:::d i:i any m4nner exc~pt as
appurtcnanc~ to his apartmcnt .
_ 4.4 The own~:r o: eacn apart~eni s~z~jl ba en~itleci to at 3east on~ vo:e
as a member of the Associntior.. The exsc: .~Lmber of votes to be ca~t by
ow:~er~ of an apartment and the manner of cxercising vo~3:"~g ri~hts s;~all ~e
determined by the Byla~vs of the Associ~tion.
4. 5 The owner o~ each a~~rt~:ent s:~al: u?so be er.tit~ed ~o racr.:b~r-
s:tip in L'~
.A CK CLUB COLO~ O\T TciE aC~:~\, I~'C. , a ~orpora,~c:~ aot
for ~rofit organized and exis-~ino under the .a~vs of Ly:: State of r Iorid~. Suc:~,
m.embersh;~ shall be det.~rminzd ir. the sam.e ide:,t~cal manner as n~er.:b~r-
s:up by tne owners of loLs, units or parcels in CH f:LUB CJiA~Y, S~C-
TIO~i O1~jE, a Subdivision, and shall be gove: ned by the same identical : u:es,
rebalations, and ~ylaws of said corporagion.
. IZRTItrL : ~T, D.n~Ci~~S
~ 5. 2 The affairs o: the Association vrill be ir.anaJeci by a hov: d co:.-
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I sist:: ~ of the nur.~bcr of directors dete: r.:ine3 by t:~~ 3ylatvs, but r.o~ a\:JJ
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( t~en `~hrec directors, snd i~ tae absence oi ~u~h cetermination snai: consis~
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~ oi ~nree directors. :lirec~ors :ced not ~e r.:amhLr~ o; th~ Associatia:~.
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j 5, 2 Directors of t;e As~cciati.on s~al2 Se elec~ed a~ the aam.~41 meet-
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in~ of :he members ia the zr.a ~-~er determ~r.zd by ~:,e L~2aws. llirectors ir.uy
k ~e re:no~~ed and vacancies or. tne board oi di:^~ctors si~all be fiiled i;~ ~::e :~ai;-
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~ r.nr orovided by t~te Byla:vs.
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~ 5. 3 Tt;e first electior: o~ ectors s;:al2 r,ot be :~eld ur.til af:er i:::: c:~-
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~ veto;~~r :~aa closed the ssles of a31 cf tne ar~r;men`~ of t::e ca::dorr:r~::_,:, a~
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~ u:.~~i cev~lo~er elects io term.ir_:.te i~~ cor.;: ot of cor.co_.:i::i~::r., o-: ~::~;i~
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~ ~:~e, ;;;,:.~;a:y 1, i37o, ~l':11C12vVG'T' OCCt~I'~ iirs;. iae direc;.ors nar::eci i:. :::c~::
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~ ~1C~c'S ~r,all serve ur.~:i i2Z's't VZCCi1G1'i O: G1Y'~C:AI'5~ a:~d a:.31 VaC:311~;4C:o
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~ Ia1 ~:iCla num.aer occe;: rin;; b::''GY'c^. ~:.C ;:I'St Ciec:ion shall be filled by ihe re-
~ maining directors 800~G~,1, F~ ~
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~ GARL F. [ILWANGER ATTORtiEY AT LAX P. O. QOX 1~136 iTYARY, fWRIDA ii4Y1
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