HomeMy WebLinkAbout2620 completed. Exhibit No. "I" shall indicate which of said buildings,
Units and improvements are not complete as of the date thereof.
Such items as are not complete as of the date thereof shall be
completed within two years from the date hereof and at such time
as said items are completed the Developer shall file an amendment
of this Declaration with a Survey attached reflecting the final
location, dimensions and size of said completed items. Such
Amendment shall be filed and recorded in compliance with the
Condominium Act. The provisions of this paragraph are paramount
to and supersede the foregoing provisions in the preceding para-
graphs of this Article VIII except insofar as they relate to
Articles I and V hereof.
I ARTICLE IX
THE OPERATING ENTITY
A. The name of the Association responsible for the operation
of the Condominium is Beachtree II, Incorporated. Said Association
is a nonprofit Florida corporation, organized and existing pursuant
to the Condominium Act. The said Association shall have all the
powers and duties set forth in the Condominium Act, as well as
all of the powers and duties granted to or imposed upon it by
this Declaration,~the Bylaws of the Association, and its Articles
of Incorporation, which Articles of Incorporation are attached
hereto, marked Exhibit No. "3", and made a part hereof.
B. Every owner of a Condominium Unit, whether he has acquired
his ownership by purchase, by gift, conveyance, or transfer by
operation of.law, or otherwise, shall be bound by the Bylaws of
said Association, by the Articles of Incorporation of the Associa-
tion, and by the provisions of this Declaration.
ARTICLE X
BYLAWS
i A. The operation of the Condominium Property shall be
governed by the Bylaws of the Association which are set forth in
' a document which is annexed to this Declaration, marked Exhibit
No. "2", and made a part hereof.
B. No modification of or Amendment to the Bylaws of said
Association shall be valid unless set forth in or annexed to a
duly recorded Amendment to this. Declaration. The Bylaws may be
amended in the manner provided for therein, but no Amendment to
said Bylaws shall be adopted which would affect or impair the
validity or priority of any mortgage covering any Condominium
Unit(s) without the written approval of the affected mortgagees
of record. tdo amendment shall change the rights of the Developer
without the Developer's written approval. However, the requirement
for the Developer's a royal as herein rovided shall terminate
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at such time as a majority of the Board of Directors of the
Association are elected by Unit Owners other than the Developer,
or sooner at the Developer's option.
ARTICLE XI
ASSESSMENTS
A. Common Expenses Include. The Association, through its
Board of Directors, shall have the power to fix and determine,
from time to time, the sum or sums necessary and adequate to
provide for the Common Expenses of the Condominium Property
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