HomeMy WebLinkAbout0850
EXHIBIT E
BY-LAWS OF
THE WQODLAND OWNERS ASSOCIATION, INC.
A Non-Profit Florida Corporation
ARTICLE I
GENERAL
Section 1. Name: The name of the corporation shall be
THE WOODLAND OWNERS ASSOCIATION, INC., hereinafter referred
to as the "Association" or "Corporation".
Section 2. Princi~al Office: The principal office of the
Association shall be at The Woodland Condominium Apartments,
2516 South 19th Street, Fort Pierce, 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. Definitionse As used herein, terms defined in
the Declarations of Condominium for TNE WOODLAND CONDOMINIUM
APARTMENTS, hereinafter referred to as the "Condominiums",
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 pro- •
hibited by statute, the Articles of Incorporation or the Declara-
tions of Condominium to which these By-Laws are attached. The
powers of the Board of Directors shall include, but not be limited
to, a~l those powers as set forth in Article IV of these By-Laws.
Section 2. Number and Term: Three (3) Directors shall
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. Vacanc~ 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 such vacancy occurred. The Developer shall be empowered
to remove or replace at any time any director originally selected
by the Developer.
FEE. KOBLEGARD 8~ TEEL. P. A. A
ATTORNEYS AT LAW ~~ - (~~ P~ ~
POST OFFICE BOX 1000 v
FORT PIERCE. FLORIDA 99450
T[It~MONt: (DOdI 461•5020
F
~
€
a
a
~
~~
~
~
~
r1