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sr.~ll be adopted which would affect or impair th~ priority
or validity of any Mortyaqe held b}~ a First ~lortg~~gee o= khich
would, in the ;udgment of the Developer, be detrimental to the
sales of the Cor.~ominium ~r.its b}~ the Develcper, without thc
prior written c~nsent of Develop~~r.
THL ~'CRt:GOt*1G WERE DULY ADOPTED A5 THE IIY-LAItiS OF
CG_•i~~lODrJRE COVDO:SI~;IUMS ASSOCIATION, ItiC. , A FLORIDA CORPnRATIOti
+JOT FOR PROFIT, AT THE F'IRST ti~EETING OF THE BOF,RD OF DIRECTORS
F.~LD G`v' SEPTEMBER 20 , 1980.
COMMODORE COt:DOHINIL'!+IS ASSOCIATIOV,
INC.
BY ~ ~t'/~ ~-c ) (SEAI,)
~' Presi nt
., ~
Attest y,.~, /G . (SEr?Li
Secretarf
STATE OF FLORIDR
COU::T :' OF ST . LUC I E
BEFORE t•S~, the undersigned authorit;, personally
appeared DONF~LU f:. JACOBSON and JOH:v R. P.EA, ta be known
to be the ~resi::~nt and Secretar, respectively of C~.'~.'NODGRE
CO::DO~!I*:IL`:iS ASSOCIT:TION, I~;C. , w~:o, after being duly
cau~ioned and sworn, depos~d and said that they executc~
the foregoinr: By-Laws far the pur~:oses therAin expressed.
SWORN TO A'+D SliBSCRIBED before rr.e this 20th day of
Sen _.h . ,1980.
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~ty commission expires:
EXHIBIT C Page 12 of 12 pages
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