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CEIRER, INC. , as Leasor. lfien the other re~ezs of thiR 1?a~ociation
ar~ a6lfaa~~ ~~ay =ii ~f ~e e~~naaa of ti~fs Rssaats~tan as ~sro-
vided tor in said leases, then HIN[~MILI. VILLAGE PY TiIE SBT ^ECPE]?TI~N
CE~1'lER, I1~C. shall not share in the exnene~s ot this 1?asociation.
S. ?!te c+ee+bers af the *ssociation shall t~e entitle~ to votP f
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in L'~e sape proportfon that they shaze the ex~nqes ot the 1?ssociation. ~
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Zl~e exact n~n3~er of votes to be cast an~' the ~ann~r nf cr.ercisin~
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~rotina riahts shall be deterutined by the I~ylawa of the Association. ~
AP.TICLE l~.
M REC.'TOP.S
l. The affaizs of tl~e As~ociatior. yi 11 he r~anaae~t ~v a ho~rd j
consistinq of the nw~'~et of direc~er~ as shall he detern~ineA tFe
9yla~+s. bnt not leaa than three ~irectcrs, ar.~ in the absence of evch
; detereinatioa ~l~all consist of three directore.
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E 2. airectors of the l~saociation shall be elected et the rnnual _
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~ neetiaa of tAe aenbers in the ~eanner determined by the PylaWS. t?irector6
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` ~ay be re~oved ai:d vacancies on the toard of directors shall l~e fille~
~ in the ~annez provided by the PylaMrs.
~ 3. The first election o~ directors shall not be held until ~
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iT~1fDMILL VTLI.7IGE BY TRE SEA RECT•EA?IOt7 CENTET?, ZNC. , as l.p~gor, hes ~
~ leased to a aufticient nmeber of Leseee±s so that thc I.~sseen are eh- ' ~
~ 2lqated to pay all of the exp~?nses of this ~asoci.eti~n as rrovid~d for
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~ in ~ai~ leases. 1'he directors herein named whall aerve nntil the ~
~ firs~ electioa of directors, and any vacancie~ in their nu~Mer occurr- ~
- inq betore the first election ~hall be filled by the remainino c3irectors.
~ ?he naaies and sddresses of the a+ea~bers of the iir~t boerd
~ of directors wlio shall hold office until their succePaors are ~ ~
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H elected and haae qualitied, or until removed, ere as follo++:
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