HomeMy WebLinkAbout1105 of sharing Common $xpenses, as provided in the Declaration. Said
assessments shall be payable monthly in advance and shall be due i
on the first day of each month unless otherwise ordered by the
Board of Directors. Special assessments, should such be required i
by the Board of Directors, shall be levied in the same manner as '
determined by the Board of Directors. All funds due under these
By-Laws, the Declaration of Condominium to which these By-Laws
are attached and all $xhibits attached to said Declaration are
Common Expenses of this Condominium.
(b) When the Board of Directors has determined the amount
of any assessment, the Treasurer of the Association shall mail or
present to each Unit Owner a statement of said Unit Owner's
assessment. All assessments shall be payable to the Treasurer of
the Association and, upon request, said Treasurer shall give a
receipt for each payment made to him. -
(c) The Board of Directors shall adopt an operating budget
for each fiscal year, pursuant to these By-Laws, the Declaration
of Condominium to which these By-Laws are .attached and all Exhibits
attached thereto.
ARTICLE VIII
AMENDI~NTS
Section 1. These By-Laws may be amended by the Corporation
at a dummy constituted meeting for such purpose, provided, however,
no amendment shall take effect unless approved by members repre-
senting at least 758 of the total votes in the Condominium as set
forth in the Declaration of Condominium. Nothwithstanding the
foregoing, these By-Laws may only be amended.in accordance with '
Article VIII of the Declaration of Condominium.
Section 2. No amendment to the By-Laws may be made which in ~
any way c anges the configuration or size of any Condominium Unit
in any material fashion, materially alters, modifies the appurte-
nances to a Unit, changes the proportions or percentage by which
the Unit Owner of the Unit shares the Common Expenses and-owns
the Common Surplus, or changes or modifies the vote which may be
cast by any member, without all record Owners of the Unit and all !
record Owners of liens on the Unit joining in the execution of !
the Amendment except an amendement made in conformance with ~
F
Article I of the Declaration of Condominium. a
Section 3. Notice of the subject matter of any proposed
amendment shall be included in the notice of any meeting at which
a proposed amendment is considered. No By-Law shall be revised i
or amended by reference to its title only. Proposals to amend
E existing By-Laws shall contain the-full text of the By-Laws to be
~ amended; new words shall be inserted in the text underlined and
words to be deleted shall be lined through with hyphens. However,
if the proposed change is so extensive that this procedure would
hinder, rather than assist, the understanding of the proposed
amendment, it is not necessary to use underlining and hyphens as
indicators of words added or deleted, but instead, a notation
~ must be inserted immediately preceding the proposed amendment in
substantially the following language: "Substantial rewording of
By-Law. See By-Law.... for present text." Nonmaterial errors or
omissions in the By-Law process shall not invalidate an otherwise
properly promulgated amendment.
~ Section 4. No amendment to the Articles of Incorporation or
the By-Laws of the Corporation, or the Declaration of Condominium
shall be effective until the same has been recorded with the
Clerk of the Circuit Court in and for St. Lucie County, Florida. i
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