HomeMy WebLinkAbout0073 IV. MFdKBERSHIP TN DCF•ANA OF fiUTCHINSO~N T~l~ ~I_
Each aaner of a Condominium Parcel in this condominium
shali, by virtue of such oanership, be a member of Oceana of
Hutchinson Island, inc., a non-profit corporation organized under
the laws of the State of Florida, herein referred to as the "Condo-
minium Association", for the purpose of managinq, operating and
maintaining this condominium for the mutual benefit of all such
awners consistent with this Declaration, with the Certificate
of Incorporation and By-Laws of the Condominium Association (which
are attached hereto respectively as Exhibit "C" and Exhibit "D"),
and consistent also to the terms and cor~ditions of the afore~en~
tioned Membership Ag=eement. Each such awner, by acceptance of
a deed or other instrument evidencinq his ownership interest,
upon compliance with other provisions herein pertaining to the •
acquisition and vesting of such ownership interest accepts his .
membership in the Condominium Association, acknowledges the authority
of the Condominium Association to manage, operate and maintain -
this condominium, and agrees to abide~and be bound by the provi-
sions of this Declaration, the Certificate of Incorporation, By-
Laws and Rules and Regulations of the Condominium Association,
the said Membership Agreement, and the Certificate of Incorpora-
tion, By-Laws and Rules and Regulations of Oceana Recreation Asso-
~ ciation, Inc., a non-profit Florida corpoiation described hereinafter.
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! It is understood and acknowledged that each vwner is entitled
~ to all of the rights, privileges and benefits of inembership in
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` the Condominium Association and that the owner of each Condominium
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~ Parcel shall have one vote in the management of the affairs of
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~ the Condominium Association.
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V. MEMBERSHIP AGREEMENT
F Oceana Recreation Association, Inc. ("Recreation Asso-
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E c3ation"), a non-profit corporation organized by the Developer to
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° manage and maintain certain recreational areas has entered into a
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