HomeMy WebLinkAbout0444deed or other instrument establishing a record title to a condominium unit and by the
delivery to the Association of a copy of such instrument . The owner designated by
such instrument thus becomes a member of the Association and the membership of
the prior owner is terminated.
4.3. The share of a member in the funds and assets of the Association
cannot be assigned. hypothecated or transferred in any manner except as an appurten-
ance to his condominium unit .
4.4. The owner of each condominium unit shall be 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 .
ARTICLE 5
DIRECTORS
5.1. The affairs of the Association will be 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 absence of such determination shall consist of three
directors . Directors need not be members of the Association .
5.2. All of the duties and powers of the Association existing under the
Condominium Act, Declaration of Condominium, these Articles and Bylaws shall be
exercised exclusively by the Board of Directors, its agents, contractors or employees,
subject only to approval by unit owners when that is specifically required.
5.3. Directors of the Association will be elected at the annual meeting of
the members in the manner determined by the Bylaws of the Association. Directors
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. The first election of the directors will not be held until after the
Developer has 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 Association, or until December 31, 1981, whichever ffret
occurs . The Directors named in these Articles will serve until the ffrst election of
directors and any vacancies in their number occurring before the first election will
be filled by the remaining directors .
5.5. The names and addresses of the members of the first Board of
Directors who shall hold office until their successors are elected and have qualified
or until removed, are sa follows:
TONY SOTOLONGO 309 Country Club Drive
Tequeata, Florida 3358
FAITH SOTOLONGO 309 County Club Drive
Tequeata, Florida 33458
RUSSELL HOVEN 519 N . Dover Road
Tequeata, Florida 33458
ARTICLE 8
OFFICERS
The affairs of the Association will be administered by the officers desig-
-3- BOOK344 PACE 444
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