HomeMy WebLinkAbout1766 aad/o~c Is~snsan~~ T:ust~w, an tM r.~N s~y b~. to all o+rnsrs ot
tuVJlts DMiLLt~GS snd ttuir r~~p~ctiv~ tartqaqM or *ortqa~q~~a.
~s th~is iat~r~~t wa~ ~pp~~r, 3s: th~ r?ar~~r a~! i~a t~ pc+~por-
t3aa• harr~i~bow provid~d, or at th~ •l~ctiou ot th~ ASSOCUZ2t~lt,
~uch in~~taace procNd• ~uy b~ h~~! by th~ 1Is00CIl1TI0M !QS ths
#ntus~ s~pLc~at ot th~ p~r+iwnal ps~rty l,o~t or ct~a~tq~d or ssy
D~ r~taia~d an~d aNd as ~n ad~ditiosul op~ratinq or r~plsa~nt
r~s~rw or ary b~ a~~d !or xh~ p~urpo~e of r~ducinq th~ co~wn ~x-
p~~ o! th~ 11sapCId1~IGR or a~ thr Board o! Hfr~ctor~ ot 1t8o0CI1~T~
. sh~ll d~~a ~t ~nd pra~r, all n~otvith~taudinq anythit~ h~r~f~ior~
to t!~ cantrary. Contracta for r~psir, rapl,ac~ant or r~ca~tatrt~ation
o! los• or d~saq~ ~hall D~ l~t by Hoard of Dir~ctora in na~ o!
1U~80CI~12Z01t atk! ~a#d HoarQ o! Dir~ctosa ~11 anthozis~ paym~nta
to b+ sb~ tb~r~ond~r by In~urano~ Trust~~. ~oard o! Dis~ator~ ~y
~at~r into ~uoh aqr~~ts vith Tasuranc~ TrnstM a• ft ~y d~
ie b~st intaro~t o! I1~90C2UTIt~i !or puirpoa~ of et~~ctnatia~ th~
i.~atsat h~r~of.
ZXIV.
x2G$? QP ~IRiT ~ ~FVBilI+ TO A~84C=71TIqi
so Ls~s c~~a ~rva~ aN~rr.i,a~a
Kith tA~ txc~plioti o~ tr~n~f~ra of ownorship of any PRIVATE
DM~LL.'[~ by o~?~ s~onss to as~tA~r, ~ould th~ v~wner of any PRIVATS
~~3 be d~,~iros~s of l~asfc~q or a~~liag such lRIVATS
11BSOCI~1'Iqlt is h~r~by givtn an,d gran~~d th~ riqht of ~irat r~inNtl
to l~a~t or purcha~~ eocA pRIVATE D1tSLL~G, as tn~ cas~ way b~, an
tne t~xaa ~nd conditfons A~rein stat~d, a~d no orn~r of a!ltl~tllTs
T~i~P8L~~11G ~ha21 leap ar ~all the u~ to any party rithout tis~t
qivinq A880C3AT20I1 notic• in ~?riting o~ such 1~a~e or ~ale aa h~r~l~a
p=o~vid~d, ther~by givit~g ~lB80C3~tTZC~t the opportunity to d~t~~ina
MrRsth~r it Mill ex~rci~a ths right of ~ir~t relu~al to laa~e or
purvha+N ~aid I~1tIYAT! Dli=L~.I~p on th~ sauo t~s~ss and conditioas
sa thc,s+r contain~d fa any bona fid~ otf~r which th~ orm~r cf ouch
PllZV!?~ D1IELLI~G way have receiv~d for tha l~as• or gurc~s~ o!
hf~ ~fd PuVASi DiNiLi,DG. 11ho~~v~r th~arnsr of any PR21t11TS
D~1~~~~ hts rac~i~nd a boaa tid~ otfsr to l~a~r~ or pnrcha~~ bis ~
PltivltTTS DIf~LY.Z~ and i• d~sirou~ o~ ~cc~ptinq eucb bana li,d~ off~r,
~ bona tfd~ of~t bsing d~finsd h~r~in a~ an off~r~in xsitinq,
b~.aading upan tb~ ofnror at~d contsining sll o~ th~ psetia~ut tera?s
assd conditions ot •ach laas• or sala, an~! aoraspani~d by •n earaost
~onaY dipoait in au aaonnt squal to st l~a~t 10% o! the ~arc2sas~
pric~ if t2u sam~ is an olf~r for th~ parchas• o! such !lttYlli= DNSLL--
I71o. thr a+n~r of snch PRiVATE ~ rhall noti~y t3~ 8~oard o!
Directors of A88QC2~,TIaF in ~titia~g by r~gi~tared or eutili~d wail
s~nt to th~ ogfic~• of said ~i880CL~?Zp~, or by p~rsao~l d~liv~ry sade
to the Pr~sid~nt or B~cr~tasy ot aai!! ~18BOCLi?301~11, of hi• dosir• to
; acc~gt auch ott~r for th~ l~as• or purchau o! his l~.t~?1?~! Dlf~t„LS~,
; etatieq t?~s na~a~, a~s~~s, Duain~~s, occnpatto~ o~c iw~L~y~ant. i!
: ~r:y, ot t?N o~f~ror, an ~xacnt~d copy of th~ bona lida o!!ss toac
•aid l.~as or purc2~~ ta b~ ~aclos~d vith saoh aotici. If
_ 118St'~CI~TI01~t is ctesirons ot s~rci~iag its optioa to l~asf or pnrehaM
said P~IVI~~s D~[ZL'L.ZMD on t~ saat~ t~r~u ~?ucI coaditio~e a• ar~ coe-
; t~i~d ia ~i,+d bon~ fi~cl~ offar, th~ 1i1880CLtTIO~ sball ~otify !Ju?
~ owafr o! saia PRIPJ1Te DM~SS,~ dssisl,aq to l~ss~ or ssll th~ s~t
o~ th~ ~rcis~ by A980C2ATZ0~ of ita •l~ction to so 2eas~ or pure3saN
•aid P1tT~ATE ~11Eis.I~, ~nch notia+~ to b~~a »ritinq and poatsd by
_ r~qist~r~d or certi~iad ~ail to said o~~r xithin fonrtesa (i4j dapa
fzae r~c~ipt by A8~OC2~ITIOB v! annsr's ~otics to said ~188~C2~12I0~ as
h~r~in~bov~ rec~uirtd, ~+pr oaid aotic~ in frritiaq ~y l;~ pvrs+aully ~
: ~liver~d to ~~id ata~r Mithia said tourt~rn (lt) dsy p~riod. 2t
~R80CI11TIO~T has el~ctsd to l~ase or purcbaa• ~uch PRIVaiTB D~If~LI.IiO.
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SPIELVOGEL, COLDMAN AND CARUSO. P. A. - ATTURNEYS AT LAW - I~iERRITT 1SLAND. FLORIDA
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