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or take such other courses of action, or other legal remedy, as it
or they may deem appropriate. An Institutional ~•turtyayee as
defined in the Declarations of Condouiiniua~, of a wait sh~+ll ue
entitled to written notice fron? the Association of any default by
the mortgagor of such unit under the conctominiunt d~cim?ents which
is not cured within thirty (30) days.
Section 4. Attorneys' Fees: In the event such legal action
contemplated by this Article is brought against a unit owner and
results in a judgment for the Plaintiff, the Defendant shall pay
the Plaintiff's reasonable attorney's fees and court costs.
Section S. Binding Effect; Each unit owner, for himself,
his heirs, successors and assigns, agrees to the foregoing
provisions relating to default and abaterae?it of nuisance,
regardless of the harshness of the rertedy available to the
Association and regardless of ttte availability of other equally
adequate legal procedures. It is the intent of all owners of tl~e
units to give to the Association a method and procedure which will
enable it at all times to operate on a business-like basis, to
collect those monies due and owing it from the owners of units,
and to preserve each unit owners.' right to enjoy his unit, free
from unreasonable restraint and nuisance.
ARTICLE XI
AWENDflEE1T OF BY-LAWS
`These By-Laws may only f,e amended at a duly tailed r~c:etiny of
the voting ~ner,~bers; provide (1) that the notice of the meeting
shall contain a full statement of the proposed amendment; and (2)
that the quorum requirement for such purposes shall be a majority
of all voting members, in person or by proxy. It shall be
necessary that there be an affirmative vote of three fourths (3/4)
of the voting members, as well as an affirmative vote of two
thirds (2/3) of the Board of Directors, in order to amend these
By-Laws. No anent!?~?ent to these By-Laws shall be passed ~,?hich
would operate to impair or prejudice the right or liabilities of
any Institutional Mortgagee without• the consent of said
Institutional ttortyayee.
vo amendment to these By-Laws shall be passed which would be
in conflict with tiie Ueclaratiun of Covenants ana Restrictions of
'T'arpon Bay Yacht Club or the Articles or 13y-Laws of Tarpon 13ay
Yacht Club Property Owners Associations, Inc.
No By--Law shall be revised or amended by reference to its
title or nu~nber only. Proposals to amend existing dy-Laws shall
contain the full text of the 1iy-Laws to be ar~tended; new. words
shall be inserted in the text underlines, and words to be deleted
shall be lined through with hyphens. If the proposed change is so
extensive that the above procedure would hinder, rather than
assist, the wtderstandiny of the proposed amendment, it is not
necessary to use underlining and hyphens as indicators of words
added or deleted, but a notation must be inserted immediately
preceding tt~?e proposed amcndrnent in substantially the following
language: "SuUStantial rewording of By-Laws. See t3y-Laws
for present text".
?~on-material errors or omissions in the t3y-Laws amencimerit
proce~-~ stral l nc;~ inval ihat.' an athertais~ r,ra~~~~-i1 ?:ru,~,uiyatud
amendment.
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