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BY-LAWS
- OF
OCEAN VILLAGE PROPERTY OWNERS' ASSOCIATION, INC.
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ARTICLE I
NAME AND LOCATION '
Section 1. The name of this corporation is OCEAN VILLAGE
PROPERTY OWt~ERS' ASSOCIATION, INC.
Section 2. The principal place of business of the cor-
poration is located at 2400 South Ocean Drive, Fort Pierce, Florida
33450.
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 operatinq and manaqing a
property owners' association in St. Lucie County, Florida, upon
property described in the Articles of Incorporation of the cor- -
poration. .
Section 2. OCEAN VILLAGE PROPERTY OWNERS' ASSOCIATION, INC.,
was duly incorporated in the office of the Secretary of State of the
State of Florida on the y~~ day of _ M y , 1974.
ARTICI.~ III ~
MEMBERS
Section 1. Qualification of inembers, the manner of their
admission and voting by members shall be as follows:
The members of the corporation sha1Z be: (a) the
developer of Ocean Village of Hutchinson Island whi~~is Hutchinson
Island Limited Partnership, its successors or assigns; and (b) any
~ and all owners of lots, condominium parcels or other fee interests
~ in the Property subject to that certain Declaration of Covenants
€ and Restrictions for Ocean Village of Hutchinson Island recorded in
! the land records of St. Lucie County, Florida, in Official Record
Book 231, Page 1570-1584.
Section 2. The directors of the corporation may, after
affording the member the opportunity to be heard, suspend any
person from membership in the corporation during any period of
time when there exists a~iolation of any of the provisions of
the Declaration of Covenants and~Restrictions (including, but not
limited~ to, the failure to make any payment to the corporation
when due and payable under the terms thereof) with respect to the
pe~son and the property he owns.
Section 3. No other person or legal entity shall be a
member of the corporation or vote in its affairs.
~ THIS INSTRUMENT PREPARED BY:
JOHN F. FLANIGAN, ESQ.
~ 707 NORTH FLAGLER DRIVE
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~ WEST PALM BEACH, FLORIDA 33401
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~ EXHIBIT NO. 5
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