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ARTICLE IV
MEMBERS
Section 1. All unit awners in their Condominiums shall
automatical~y ~e members of the Association, and their membership
shall automatically terminate when they are no longer owners of a
unit. If a member should sell his unit under the provisions of
the Declarations, the grantee from such mer~ber will automatically
acquire membership in the Association. Membership certificates
are not required and may not be issued. •
Section 2. Each unit awner is entitled to one vote for each
unit owne~y t~im. A corporation or several individuals owning a
unit shall designate a voting agent for the unit(s) which they
own, as set forth in the Declarations and By-Laws.
Section 3. The share of a member in the funds and assets of
the Association shall not be assigned, hypothecated, or
transferred in any manner except as an appurtenance to his unit.
ARTICLE V
EXISTENCE
This Corporation shall have perpetual existence.
ARTICLE VI
SUBSCRIBERS
The names and addresses of the subscribers hereto are as
follows:
Name
Richard~G. Stebbins
Vincent R. Gorham, Jr.
.
Jack Gorham
Address
2101 Sunrise Boulevard
Fort Pierce, Florida 33450
2050 Oleander Blvd.
Fort Pierce, Florida 33450
.~
3117 Maravilla Blvd.
Fort Pierce, Florida 33450
ARTICLE VZI
DIRECTORS
~ Section 1. The affairs and property of the Association
shall be managed and governed by a Board of Directors composed of not
~ less than three (3) Directors.
Section 2. Directors shall be elected by the voting members
in accorciance with the By-Laws at regular annual meetings of the
membership of the Association, in the manner set out by the
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ATTORHEYS AT LAW n~~J p'~[ ~(
POST OFFIG[ BOX 1000 ~v~~V ~ saY~ L1
FOpT PIERC[, FLORIDA 3~450
Ttt[-NON[~ (!05) 461-5020
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