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HomeMy WebLinkAbout2629 _ Association of a copy of such instrument. 'fhe owner designated by , such instrwnent thus becomes a member of the Association and the membership of the I~ri~r owner is terminited. 4.3. The share. of a member in ~thc funds and assets of the ' Association cailllot b+e assigled, llyllothecated or transferred in any manner except as an appurtenance to his condgminium unit. 4.4. The owner of each condominium unit shall he entitled to at least one vote as a member of the Association. The exact number of votes to be cast by owners and the manner of exercising voting rights shall be determined by the. Bylaws of the Association. Alt1'ICLI; S ll I ItEC'1'ORS 5.1. The affairs of the Association will he .managed by a board consisting of the number of directors determined by the Bylaws of -the Association, but not less than three directors; and in the absense of such determiliatioll shall consist of three directors. Directors ' need not be members of the Association. , 5.2. All of the duties and pourers of the Association existing wider the Conelomi~lium Act, Declaration of Condominium these Articles and Bylat:s shall. he exercised exclusively by thr Board of Uircciors, its agents, contractors or employees, subject only to approval by unit owners when t11at is specifically required. 5.3. Directors of the Association will be elected at the annual meetinb of the members in the manner determined by the Bylaws of the Association. U-irectors may be removed and vacancies on. the Board of Directors will be filled in the-manner provided by the Bylaws of the Association. 5.4. 'i'Ile fil-st elections of the directors wi 11 not Ile held until ' after the Developer Ilan closed the sales of all of the condominium units of all condominiums established by it upon the lands described in Article 2 hereof, or until it elects to .terminate its control of the Assoclat1U11, or until December 31, 1050, lrhichcvcr first occurs. I; The Directors named in these Articles will serve until the first Election of directors and ally vacancies in their number occurring before the first election will be filled by the remaining directors. i 5. 5. The names and addresses of the members of the first Board of Directors wllo shall hold office until their successors are elected and have qualified or until removed, are as follows: + , TONY SO'1'ULONGU 10044 Sta tc Ro:ld A- 1 -A = Jensen-Beach, Florida 33457 PAITII SO'I'OLONGU 10044 St:ltc Roacl A- 1 -A ` Jensen Beach, Florida ,33457 ± RUSSELL fi0V1iN ~ S 1 ~ N. Uovcr Road Tequesta, Florida 33458 s • AR'f ICLE G 01~ I~ 1 CE1ZS s . The affairs of the Association will be administered by the officers - . - 3 - ?~p - 8C`OK~~~ PMGE2~~