HomeMy WebLinkAbout0649 • BY-LAWS •
. OF
• CAPSTAN I, INCORPORATED
ARTICLE I
NAME AND LOCATION
Section 1. The name of this corporation shall be CAPSTAN I,
INCORPORATED. ~
Section 2. The principal place of business shall be located
at 2400 South Ocean Drive, Fort Pierce, Florida 33450. - j
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Section 3. The seal of the corporation shall bear the name ~
of the corporation, the word "Florida", the words "corporation not for ~
profit" or "non-profit corporation", and the year of incorporation.
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ARTICLE II
PURPOSE - .
Section 1. This corporation has been organized as a non-
profit corporation pursuant to the provisions of Chapter 617, Florida
Statutes, for the purpose of operating and managinq CAPSTAN I, a con- ~
dominium pursuant to the provisions of the Florida Condominium Act, ~
Chapter 711, Florida Statutes. The condominium to be operated and ;
managed by this corporation shall be located upon those Yands located
in St. Lucie County, Florida, as described on Exhibit A which is
annexed hereto and hereby made a part hereof. - ,
Se~tion 2. CAPSTAN I, INCORPORATED, was duly incorporated
in the Off ice of the Secretary of State of the State of Florida on
the 8th day of May , 1974, a copy of which Articles
of Incorporation are attached to the Declaration of Condominium, as
Exhibit 3.
Section 3. These By-Laws shall be attached to the Decla- a
ration of Condominium of CAPSTAN I to be filed with the Clerk of the ~
Circuit Court in and for St. Lucie County, Florida, as Exhibit 2 ~
thereto, and shall be considered a part thereof. '
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~ ARTICLE III . ~
~ MENlBERS ~
~ Section 1. All of the owners of condominium parcels
~ (condominium units) in condominiums wherein this corporation has 3
been designated the association to operate and administer said
condominium by virtue of the.Declaration of Condominium of said
condominium shall be members of the•corporation. Upon recording
of a deed or by any other means which establishes a change of record
title to a condominium parcel by operation of law or otherwise, the
new owner shall become a member of the corporation and the member-
ship af the prior owner shall be thereby terminated.
Section 2. The owners of individual condominium parcels
shall be entitled to a vote in the affairs of the corporation as
~ set forth in the original Declaration of Condominium.
~ Section 3. No other person or legal entity shall be a
~ member of the corporation or vote in its affairs.
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THIS INSTRUMENT PREPARED BY: ~
~ JOHN F. FLANIGAN, ESQ. ~
~3 707 NORTH FLAGLER DRIVE ~
; WEST PALM BEACH, FLORIDA 33401
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