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EXHIBIT E TO THE DECLARATION OF CONDOMINIUM
8Y-LASQS ,
OF
TARPON BAY YACHT ChUB {
CONDOMINIUM ti ASSOCIATION, It~C.
A Non-Profit Florida Corporation
ARTICLE I
GENERAL
Section 1. Name: The name of the corporation shall be
TARPOtJ BAY YACHT CLUB CONDOMINIUM H ASSOCIATIONi, ItJC., hereinafter
referred to as the "Association" or "Corporation".
Section 2. Principal Office: The principal office of the
Association shall a 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 TARPOt7 BAY YACHT CLUB
CONDOMINIU~t ti, hereinafter referred to as the "Condominium", shall
mean the same herein.
ARTICLE II
DIRECTORS
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 ~
i
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
I constitute the whole Board of Directors. Except for the initial
directors designated in the Articles of Incorporation and .any `
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 the Board of
Directors.
Section 3. Vacancy and Replacement: 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 suca vac. ':icy occurred. Ttie n?~~~lorer shall be empowered.
to remove or replace at any time any director originalll? selected
by the Developer. ~
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Section 4. Removal: Directors stay tie removed for cause by
an affirmative vote of a majority of the qualified votes of voting i
members. ito director shall continue to serve on the Board if,
during his term of office, his mer~ibershi~ in the corporation shall
be terminated for any reason whatsoever.
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