HomeMy WebLinkAbout0841 8.2 acecution and recording. A copy of each amendment
` shall be attached to a certificate certifying that the amend-
ment was duly adopted as an amendment of the Declaz~ation a~~d
By_I,aws, which certificate shall be executed by the officers of
the Association ~uith the formalities of a deed. ~ The amendment
shall Ue effective when such certificate and copy of the
amendment are recorded in the A.~blie Records of St. Lucie County,
Florida.
9. ~lanagement Agreement. Simultaneously ~vith the adoption of
these By-Laws, the Association, by and through its original Board of
Directors and Officers, has entered into an agreement with RECAP
M11I~AGEMEI~T CORPORATION, a Florida corpo~ation. Each apartment oRVner,
his }ieirs, successors and assigns, shall be bound by said *]anagement
Agreement to the same extent and effect as if they had executed said
~lanagement 1lgreement for the purposes therein expressed. It is
specifically recognized that some or all of .the persons corrrprising
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~ the original Board of llirectors and Officers of the Association are
; owners of some or all of the stock of the said ~ianagement Company, and
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~ that such circumstances shall not be construed or considered as a
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~ breach of their duties and obligations to the Association, nor as ~
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~ grounds for the invalidation of the ~lanagement Agreement in whole or
~ in part.
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~ The foregoing were adopted as the By-Laws of COLONNADES CONDO?~fINIIII`1
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9 ASSOCIATION N0. 8, INC., a corporation not for profit under the laws of
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s the State of Florida, at the first meeting of the Board of Directors
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~ on the day of , 197~. ::4~~~G. . '~o ~
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