HomeMy WebLinkAbout0999 Section 2. Each unit owner is entitled to one vote for each
unit owned by him. A corporation or several individuals owning a
unit shall designate a voting agent for tl;e unit(s) which they
own, as set forth in the Declaration and By-Laws.
Section 3. The share of a member in the funds and assets of
the Association shall not be assigned, hypothecated, or
transferred in any manner except as an appurtenance to his unit.
ARTICLE V
EXISTENCE ~
This Corporation shall have perpetual existence.
ARTICLE VI
SUBSCRIBERS
The names and addresses of the subscribers hereto are as
follows:
1
Name Address
t
Jerry E. Aron 276-A South County Road
Palm Beach, Florida 33480
Paul W. A. Courtnel 1, Jr. 276-A South County Road
Palm Beach, Florida 33480
SANDRA D. DICKERSON 276-A South County Road
Pal... Beach, Florida 33480
ARTICLE VII _
DIRECTORS
Section 1. The affairs and property of the Association
shall be managed and governed by a Board of Directors composed of -
three (3) directors.
Section 2. Directors shall he elected by the voting members _
in accordance with the By-Laws at regular annual meetings of the
membership of the Association, in the manner set out by the
~ By-Laws. Directors shall be elected to serve for a term of one -
(1) year. In the event of a vacancy,-the remaining director(s)
shall appoint a replacement to serve the balance of the term..
Section 3. The Developer, its grantees, successors or
assigns, shall have the right for the periods of tune hereinafter
provided to appoint 'directors of the Association as follows:
(1) Until the time that Developer has closed the sale
of fifteen (15$) percent of the units in the
Conc3orninium, Developer may appoint all members of
the Board of Directors.
(2) ::hen unit owners otl;er than L'eveioper own fifteen
(15$) percent or more of the units in the
Condominium, the unit owners other than Develope r
e
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