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6. CLASSES OF STOCK
The association s-hall have classes of-membership, which -
c-lasses. shall have such voting rights, as set forth. -
Each.purchaser or owner of a.Owelling Unit in "Tarpon
Bay -Villas" shall be entitled t-o one (1) vote for each-Dwelling
Uni-t at all elections and-on a'll other matters that such Associa= -
- lion shall oe the purchaser or owner of more than one Dwelling
Unit in "tarpon Bay Yillas," he shall be-entitled to as many votes
as the -number of bwel l ing Uni ~s purchased - or owned by -him. Developer
shat 1 be .entitled to-, and ob1 i gated to accept membership i n such -
Association, and shall. have the benefit anal bear the. burdens of .
such membership with respect -to the unsold Dwelling Units in "Tarpon
Bay Villas," ~ ~ ~
For the purpose of determining the votes allowed under
this Section, when Dwelling Units are counted, .the parcel or parcels
upon which such Dweiling_-Units are located s.ha-11 not be counted. -
- C.. TITLE TQ COMMON AREA
Developer may retain the legal title to the Common Area
- so long-as it owns at least one Parcel or one Dwelling Unit in
"Tarpon Bay Villas" or fora period of five (5} years from-date of-
recording.this- Declaration of Covenants,-Restrictions and Ease- -
me»ts whichever event first occurs. At such time as Developer
conveys legal title. to the Common Area, Developer shall convey-
the Common Area to the Rsso-ciation subject to-any mortgages for -
improvements to such Common Area, to taxes for the year of con- - -
- veyance, and to restrictions, covenants, -con-ditions, 1i-mita-tions,
- reservations, and easements ~f record. Until the transfer of title
to .the Association, Developer shall perform all the obligations,
covenants and agreements,_and abide by the restrictions contained.
- herein-with respect to the common properties, except for such ion-
struction and marketing _acti-vi ties as are- consistent with develop- -
ment and except for.mainten-ance charges.- -
The share to be paid by the Developer for assessments while
it is a memter of the Association shall be computed on the basis of
the number of Dwelling Units owned by it which is the same manner as
the share is computed of each Owner of a Dwelling Units-(s). At the