HomeMy WebLinkAbout0895 Condaninium~ these Articlee of Incorporatian and the Byleaa of the
Aesociatian.
3.4 T'he powera of the Aseociatio~ ahell be subject to and shall
be exercieed in accordance Nith the provisia~s of the Declaretia~ of
Condaminium and the Byiaws. ~ ~
ARTICLE IV
4.1 The membere of the Aeeaciatian ahall consiat of all of the
record vwr~ers of apartm s in the Candominium, hereinefter referred to
as "Cond~ ts", end after tern~ination of the Condaniniuni shall
cozisist of those who are n~nbers et the time of auch tesminatiaa~. and
their succeoeos~ and aseigns. -
' 4.2 Membership ehall be acquired by recording in the Public
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! Recorda of St. Lucie County~ Florida, a deed or other in~tYVment establish_
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! ing record title to a Candaminium Unit in the Cor~dominium~ the awner
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~ deeignated by such instrument thus becanfng a member of the Association,
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~ and the membership of the prior avner beir~g thereby tenainated, provided,
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~ however~ any party who owns more than one uuzit shall remain a member of
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~ the Association so long as he ehall retein title to or e fee ownership
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~ interest in any unit.
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~ 4.3 '!~e ehare of a member in the funds and assets of the
Associetion cannot be sesigned, hypothecated or treneferred in any mara~er '
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~ except a8 an appurtenance to his Cundomin3um Unit.
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~ 4.4 On all matters upon whieh the mernbership shall be enfiitled
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~ to vote, there shali be ~e voYe for each unit, which vote may be exerciaed
" or eaet in such manner as may be provided in the Bylawe of the Aseociati~.
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Any person or entity aming mnre than one unit shall be entitled to one
; vote for each unit he awns.
= ARTICLE t'
The Aseocfati~ ahall have perpetua2 existence.
ARTICLE VI
1?~e name8 and ~ddresaes of the aubscribers to these Articles of
~ Incorporation are:
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- ~o~ 223 FAGE 895 -
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