HomeMy WebLinkAbout0535 EXHIBIT E TO TIIE DECLARATION OF CONDOMINIUM
I3Y-I~Air~S
O I' •
TARPON! 13AY YACHT CLl?f3 ~
CUIII~MINIUM Q ASSOCIA'1'IOtl, Iit('.
A Plon-Profit Florida Corporation
A1tT ICL1: I
GEN[:It11L
Section 1. ttaiae: The name of the corporation shall be
TARPOt! I3AY YAClf'1' CLUB COtlI~MItlIUM 13 ASfiOCIATIOt7, ItlC., hereinafter
referred to as the "Association" or "Corporation".
Section Principal Office: The principal office of the
Association shall t~~' at Tarpon [3ay Yacht Club, X100 Pruitt Road,
Port St. Lucie, Florida, or at such other glace as may be.
subsequently designated by the E3oard of Directors. All books and
records of ttte 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 TA12POt! I3AY YACHT CLUB
COt•lDOt•IItlIUP1 I3, hereinafter referred to as the "Condominium", shall
mean the same herein.
1'~RTICLL II
DIRECTORS
Sect ion 1 . Powers: The property and bus in~ss of the
Association shall be managed by the F3oard of Directors ("Board"),
which may exercise all corporate powers not specifically prohi-
bited by statute, the Articles of Incorporation or the l~claration
of Condominium to which these IIy-Laws are attached. 'the powers of
the [3oard of Directors shall include, taut not be limited to, all
those powers as sort forth in Article IV of these 13y-Laws.
Section 2. t:umber and Tern: `three (3) directors steall
constitute the whole [;oard of Directors. Except for the initial
~ directors desiynatF•~-t in the Articles of Incc~rpc~r~ttion and any
other directors selected t,y the Developer, a ~Iirector shall be
elected to serve for the term of one (1) year, or until his
j successor has been s~ lected and ctua L if ied. An employee or agent of
~ a business entity owner, such as the Developer, shall be eligible
to serve as a director of the Association. tf the number of
Directors falls below ttrree (3), a special members' meeting shall
be called for the purpose of filling vacancies on the Board of
Directors.
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Section 3. Vacancy and Replacement: If the office of any
director becomes v-cant by reason of death, resignation, retire-
_ ment, disciualification, removal from offices or otherwise, a
majority o f thE_ rem<3 i n i ny directors , thouy h 1 ess than a quorum, a t #
a special meetin*3 duly called for this purpose, shall choose a
successor, wtto shall hold office for the unexpired term in respect
to which such v<-tc.-rncy occurred. Thor Developer shall be empowered
to remove or re(~lac~~ at any time any director ori~Iinally selected
by the Developer.
~ Sect ion ~ . l:~.nuw:r l : hi rector, mrry b~~ rcm~w~~~l t or cause by
an affirmativcr vctt~~ ~~f ir..~jorit}• of the y~_rali! ic~l votes oC voting
members. t:_o dir~~ctc~r shall continue to serve on the I;oard if,
during his term of c>ftice, his membership in the corporation shall
be terminated for any reason whatsoever.
E_1 ac~~343 PlGE 534 •
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