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• EXHIBIT E TO THE DECLARATION OF CONDOMINIUM
BY-LAWS
OF
TARPON BAY YACfIT CLUB
CONDOMINIUf`I A ASSOCIATIOt1, INC.
A Non-Profit Florida Corporation
ARTICLE I
GENERAL
Section 1. Name: The name of the corporation shall be
TARPON BAY YACHT CLUB CONDOMINIUM A ASSOCIATION, INC., hereinafter
referred to as the "Association" or "Corporation".
Section 2. Principal Office: ;he principal office of the
Association shall be at Tarpon Bay Yacht Club, 3100 Pruitt Road,
Port St. Lucie, Florida, or at such other place as may be
subsequently designated by the Board of Directors. All books and
records of the Association shall be kept at the principal office
or at the office of -the registered agent of the Association.
Section 3. Definitions: As used herein, terms defined in
the Declaration of Condominium for TARPOt~I BAY YACIIT CLUB
CONDOMINIUM A, hereinafter referred to as the "Condominium", shall
mean the same herein.
ARTICLE II
DI REC'PORS
Section 1. Powers: The property and business of the
Association shall be managed by the Board of Directors ("Board"),
which may exercise all corporate powers not specifically prohi-
bited by statute, the Articles of Incorporation or the Declaration
of Condominium to which these By-Laws are attached. The powers of
the Board of Directors shall include, but not be limited to, all
those powers as set forth in Article IV of these By-Laws.
Section 2. t7umber and Term: Three (3) directors shall
constitute the whole Board of Directors. Except for the initial
directors designated in the Articles of Incorporation and any
j other directors selected by the Developer, a director shall be
elected to serve for the term of one (1) year, or until his
successor has been elected and qualified. An employee or agent of
~ a business entity owner, such as the Developer, shall be eligible
to serve as a director of the Association. If the number of
Directors falls below three (3), a special members' meeting shall
be called for the purpose of filling vacancies on tt~e Board of
Directors.
Section 3. Vacancy and Repl;acer~ent: If the office of any
director becomes vacant by reason of death, resignation, retire-
ment, disqualification, removal from office or otherwise, a
majority of the remaining directors, though less than a quorum, at
a special meeting duly called for this purpose, shall choose a
successor, who shall hold office for the unexpired term in respect
to which such vacancy occurred. The Developer shall be empowered
to remove or replace at any time any director. originally selected
by t:~e De•eloper.
Section 4. ite~awal: Directors !nay bF~ removed for c1u~e by
an affirmative vote of a majority of the qualified votes of voting
q mF•mb~~r3. ?Jo d irector shal l continue to serve on the Eoard if ,
. during: his term of office, his mem~:ership in the corporation shall
be terminated for any reason whatsoever.
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