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The powers o! the 1?saociatien shall be aubiect to and
shall be exerciaed in accordance with the orovieiona of the lrrlaw9
ot this 1?ssociation.
' ARTICLE It• .
MEMBERSHIP, EXPENSES, VOTIt~G i
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1. The members of the Association shall conaist of WINDMILL ~
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VILIJIGE BY THE SE1~ RECREl1TION CENTER, INC. and all of the Lessees i
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of WINDNILL VILI.716E SY THE SEl1 RECREI?TI(~N CEi~TEF as set forth in ;
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leasee between the Lessees and WINDl1ILI, VILIJ1f:E BY THE SF1? SECP.E)1- -
TION CENTER, Ii1C.~ as Lessor, rs recorCed in the public records ef
St. Lucie County, Florida. The membership of fnINDN.ILL VILLl4~E AY
TtIE ~EA aECREATION CENTER, INC. shall tertninate when it is ne lonqer
obliaated to share in the exoenae4 c+f this Association.
2. Chanoe of tnembership in thP 7•ss~ociatio~ shall be eetablished
; by the recordina 3n the nublic reeorAs o! St. Lucie C~unty, Florida, -
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S ef e leaae or other inatrweent eatat+lishing a record title as a Lessee
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~ of t~tINDlfIT.L VILL7IGE BY TNE SEA FECREATI(~N CET:TPP, and the deliver~
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~ to the Association of a certified copy of such instrur~ent, the reraon
~ or entity deaianated by such instrument thereby hecomin~ r r?e~l~+er of
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the Association. T'he membershio of the prior Le4eee ~hall be thore?~~•
~ terminated.
~ 3. The share of a member in the funds an~ assets of the Aa~ocia-
tion cnnnot be aasiqned, hypotheceted or traneferred in anv mannez
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~ except as provided in the Bylaas.
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~ 4. The members shell ahare the expenses of this Asqocietion '
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- as-rrovid~d fos ia Lhs leaaes he~p*+ hp w+n*~h~ra sn *
x IIY THE SEA RECREATICH CENTEF, INC. , as Les9or. k'INBMlIT:L `IiLLAGE PY
~ THE SF.A RECRE7?TIAN CEI~TrER, INC. ~hall share in the exrenaes ot this
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~ 1?s~ociation not allocated to ot??er membeze of thia Association un~er
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~ the terma of their leaees with iiINDMILi. VILLAGE 8Y THE SEA RECREATION
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~ -3- BooK2~8 ~~~2~3~
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~ ~189. ~:1990 ~
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