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EXHIBIT E TO THE
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DECLARATION OF CONDOMINIUM
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F~ItY ~'I.C'!IT ~'Lim
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Flarida c'nL~~l-~t ic~n
ARTICI.~ I
cEt~f:RAL
~nCt lAfl 1. t~~m~: 'I'he n~m~ of s h~ c-~~r~~-~r,,~ i ~n shall be
TT,RFnt: E3A~ YACtfT C~,-~B c_nllI?(11•1I1lIUt1 G ASS~CTT:TInt1, IP~C., hereinafter
ref~rred f~ as ~.hc "I~~sociat ion° ~r "~~rc~^i ~,t :,,~"
Section 2. Principal Office: Tf1~ ~r~n~iE~~~l otfice of fhe
Associat.ion sh~311 Fie at Tar'pon R~i}• Yach+ Cluh, Z~~p Pruitt Road,
Port St. I.ucie, Floric~a, or at su~h ~fh~r~ ~~l~ce as may be
subsequen~ly ,~1~'S1(~-~~4n~ hy the t~oarc~ c~t t~ir~ct~r~. All books and
records of the J~~~oc;at.ion shall be k~r} at !!~~ principal office
or at the affice ~f -h~ regisrPred aoent af Fh~ T,s~oc9ation.
Section 3. U~~£it~itions: t,~ u.~~d h~tc•in, ~erms clefined in
the Declarat ion ~~ '_'enc~~mini um for TAR?'01I R;,'i YA~HT CLUE3
COt1[~O~tIt~II.'~1 G, h~r~inaf.tpr referr~~l ta .3s t-};~ "C~n~omini~m", shall
mean t~he same hc~r~i n.
ARTICLE II
DIRECTOR~
Section 1. I~o~~rs; The rr~~~rty an-~ hu~iness of the
Associat ion shal l t~~ manaqed by the I~arci of ni rectors ("i3oatd" ),
which ~ray exerci--e .~11 corporat~ p~wer~ n~+ ~c~ecif ically prohi-
bited by sta}u~~, }he Ar*icles of TncorE}~r~~~i~n c~r the Declaration
of Condominium tn which these i~y-!.aws ar~ .-~tr~~h~~, The powers of
the Boarc3 of Dirnct~rs shall include, hut noL h~ limited to, all
t.hose Qower~ as s~* forth in T.rt icle IV of tti~~e Fy-Laws.
Sect ion 2. t~~~mber and Termc ~'ht-~n ( 3) ~i rect.ors shall
con~t.ifivt_e thn ~hr~l~ g~~r~ of 1)ir~ctors. T:xc~~r for the initial
direckors des~~na•~~i in }he 11rt.icln~ of ?ncorn~rafion and any
other dirtctors ~~l~r-tc~d by ~he T)~'~~~'l~r~r, a~irecror shall b~
elected fo serve fC~I' th~ *_~rm ef {~ne ( l) y~a~ , cr unt_il his
successer has beet- ~ln^i~d and qual i f i~~?. I~n ~mnloyee or agent of
a husiness ent i.*y ~.:•:~r, such a~ t}~~ ~~f.~~l~~,,,r, ~hall be eligible
to serve as a dir~cfor of khe Rs~nciati~n. If tl~e number of
Dire~rors falls h~l~~k three (3), a s~Pcial m~~mh~rs' mepting shall
be call~d for the n~~rpose of fillinq v~c~-~nc~~s ~n the Roard of
nirecFOrs. .
~~cf i on 3. :%.~c~-~nc~~ and ReF~I ~~CC`T~'ll! : I~ t-~~ ef f i ce of any
Cj1C~?CtC)C f~^CC^,r'.•- •:]Cr1il+. ~1}' Cr'u=r?fl C?~ ~j/~%3~11~ [-nc-1~717c3f lOfl~ retire-
nent, c?i_~'~ualifica~ icn, rnmc~~:al fr~~m nrfic-~ ~r ~th~iMise, a
T~td]OC)t.~' Of t~1? t~'t'?.-~ini.n~ ~ir.~c~or~~ lt~r~~~•~}, 1~•-;~ than a quorum, a*
a~E~ecial n~etin~ ~)u~y ralled ~or 'hi~ ~~~•-F~-~~~, ~:hall choose a
succ~ssor, who sh~l l h~lci of f ic~ for t t~~ ~~;,^.~ni r~d term in respect
t.o which such vacar~c~- c~ccvrreci. Tlli' n~;~lc~~,~•- ~-;a;l be empowered
to remo^~ or repl~c~ at. any time any c~ir~ct~r ~ri~inally selected
by the n~~~el~~er.
c~cti~n 4. n~~mo~al: nir~ct~r~ r,~y t•~ r~m-~ve~ fc~r cause by
~n affirma}iv~ ;,~'~, ~~ a maj~rir}- c~f +h~r r;u~li!ied votes of voking
m~•rnher~. 1lo rji t-n~-t:~t ~ha] l con! i*~u~• +~ •:..r•:~ ~~n ~ t2e Poard if ,
~uri.ng his *~rm ~f -~ffic~, his mt~lPhnLch;~. ;.~ t1i~ cotporation shall
he tPrmin~*ed f~r .~n~• rPason wh~t~~~~_-~--,
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