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<br /> �.,� TiiE Stlt1A'"'fl.NO�D CQI:DVHI2[I17M PROP"u;i'Y RF.c;ZM'��TIa
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<br /> ..,��J SOUT1iNOOD HOFLOHh"ERS ASSOC?A',�70N. Tl�f:. " � .
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<br /> ..���� ARTICLE I. BY-LkWS .
<br /> � �� �, 5ectin❑ 1._ Deecr��ion. � '
<br /> . lnece ttre the By-Lawa of Southwooci fin-peCKrnece ABeor_iation� Tr.c., z Ke6ra•.ka Nop-Profit Corporat�on, w�,th its � �
<br /> � reg;.ute:ed afYicea st 3216 4tp�,3zidga 3oul.evsrd� G�and Islanti, tteasae;;a 66J01. ThetlC ate alna the 8y-latrn af Tha �
<br /> .. Sa¢tn�aood Condcminium Property Rpyimn IIS� a NebrEieka Cen3oniniu.ti Pranertp Regime, � � �
<br /> �
<br /> , � .J SectSen :. oe:�.l. � . � .
<br /> �� _^he coxFornte aea7, ahall 6ear the naae of the corpa.atzon ar.d Yhe worda "Crnnd Zeland� Nebraska� Coryarate . ., ,
<br /> '. ,�� .,en1. � , .
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<br /> Tcti.en _ t?e^barshi.F. � . .�.
<br /> ..�e corporatioa has b�el: vrgaaized to prrnri�a z r_eanm C: rlaaagersa:t £nr ^he Santhvood Cpnd4iai.Aium PiopOxty � � �
<br /> � � Reaicrs iocat^d oa Lo�s k'.lV! (S) .hrocgh Eleven (1I), 91Ctk:�va !21� B�vntSiood SeC47CI S�`I71'�].v1A1011 ia Grand Ysland� �
<br /> � 1 3a11 County� :;e�raeka_ Y.e.�be.ahzp :n tha Aaaociatypa ws aata�aatically qzaated and seetxicted to iecord vimera �
<br /> � o� r.„i'.^e i: eai� Cer.d:_c�ni.a. T2:c rotcs n^ b�h.q1F c� a ,ui:e s::�a11 bR: i:t pereon 6y' �hc record hu7.der thereo:� .
<br /> � � e= '�}'p�nx'{ ez^ccted, �y �he ��teon�a:ed in a c�Xt�.M�at.e�signed�y sll o�Lhe oksiera of tha euite and filed vi.th �
<br /> , .� �i -.,a Se�retare+ o£ thP auaxiati�a_ Title Lo eui:es :.a}• be taker. i.r. `.he :�sme of an in3ividual or in the namee of
<br /> . ' � txo �r -os^ aersor.s� ns teaants in ca�,on or as tcaar.ts kry the er.tire'y� or in�{he aamo of a carporation or
<br /> . �� 1 partncrshin� or in t5a r_v.e b: a fidccia�-y. � .
<br /> . . �.��� se^'ic:� -]. r,val'�ed Pror.er'_•✓. � , .
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<br /> „ ' Tha prope�ty dencribed in Articlo xI o£ the Nantar poed aa located in Grand Ieland� Hall CounCy� Nehraska�
<br /> ���� haa boen euY.uaitted to t.he prcrvis,iqne af Nabraeka Revieed Statvte 6ectiane 76-8a1 thraugh 76-823 (Reieaue 1990y
<br /> kr.own ce tF.e "Candominium 1 roperCy s�c�' wy the Haster Deed Xetoz'ded r,imultaneaualy hereuit!� in :he Office of the
<br /> �� R�gieter of Aeedn of Fia11 cnur,ty, Nobraska, and nn.y�nd a11 £ukure cond:siinia property regimp 4ar�inaftar creatad . � � �
<br /> 5y Haetet Der.d �ros within Lpty Fzve (5) throuqh Elcven (11)� 91ock nro (2)� Brentrrood Second Subdivieion� Grand . �
<br /> � � Ieland� Ha11 cvur.ty� Nabraska. _ �
<br /> . . � Sectian 5_ Anvlicntion, .
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<br /> ���'� Al,l preeanC and £uturo owneze� moztgageae� lersneea .and occupanta of condosinium auitoa sad their employeea�
<br /> �� � ��,; ar-d any other pereona who may uee tha facilitiae oF the iiegitae in any manner are evbject ta thnae Sy-Lave� tha ���
<br /> � Nsat�ar Jeed and tho Ru1es and Regulntione. ' ��� �
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<br /> �� Tha acceptanCd ns a deed or conveyanca or the Pn:e.rir.g '_nCo oF a lrase or the sct of occzipency of a �
<br /> �� cvado�inia aito cha11 congtitu�e an agreement tY.at :hexp py-�a�:s� rhe 4ulea end Regulatiaae, and the provi4iane �
<br /> of thn Maeter peea� ee they may ie az�ended from time ta tir�e� are mccepted, i�ti'fzad� and wi12. be eom�alied vith.
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<br /> �. ��i ARTZCLE: I2. 5IITTP. OWL7S'RS � �
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<br /> � �ec��pn i Ar.r.ual Asaxist�cn xeeti^�e- �., �� ,
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<br /> � .���q Upon Aecea3er 33, 1994, or sa sqpz an the Developer, snectrur.�Croup� a Ne�xaeke cprpp:ation� ehall relinquiah � �
<br /> ����7 �ontrol oF the Soard cf Adainietratora, whiahever ahall '_irat qc�ur� tha firet anaual ceeeting of thv]laeociati,pn . �
<br /> � � nhall �� held, ' � �
<br /> � ��i At such II^A�;ry[�, the raXigiqal 8aard oF Acair_ict�atore eha11 res_gn ae offitera� and all the metipbexs including
<br /> tha I7evolopet ehall elect a new IIoard o£Adm,inietratora. Therea£taX� tha anncnl meptinge af the Aaeaciat�,op ehell � � �
<br /> �� .,�,.,� ba neld on Yhe 30th day of April af each eucoeeding yeer, unlr-eer auch daCe�eh�J.l xcuz' on a SaCurdey� Sundaq� ar � �
<br /> hdlzday� in which event tha maeting nhall be hnld on :he euccceding buail7eee day. At euch neetings� the Sosx�d � � "
<br /> �� �t o£ Adniaiutratorn nhall be qlected 6y ballot aP the mep;:era in ncco_dance w�th thei�roquires'entp of Sattion d of_ �
<br /> � :,��;,� � A.:tzele ZI7. of theeo 9y-Lawa_ Se lony ae the De�eloper snall rnrt� oae or mo:e of the euitee, •_he Aeveloper. sheJ.l � �
<br /> Uo entLC7.ed to eloct ut ioaet nne memhe[ of �the B�ard a£ ac3mzniatratore who 6h411 betve for a texm of ane yrat. �
<br /> . The Auoociatinm m�y Crannnct ouch other b�oineae aE euc� meetings ae mny p�pperly come be£a�e 1Y. �
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<br /> �'�...."I i - P• 'T.�. ere• Mectznqe. � • . ..
<br /> .� SecC"on ?. s PC_RL t.rm.b__�___
<br /> . svecial meetingn of the Aaeociatian mem6nxa may be called by tha Praeident oz' Vzce Preeident or 6y m �
<br /> ;. ���� raajaxi{yo u: the iloaxd af Adminietrntcrn and muat be oalled upon receipt of written tequeet from meml�eie holdi.nq
<br /> � a c�ajvrity of thp kutel baeic valus qf tha Cvndoainia uninq the valaee apt farth in tha HaetpX(��0. HOZj,cq cf � '
<br /> a spetial meating ahx7.7, atath the ti�e and pSace of euch �eeting and'the puxpqqe tharaof. gq rueineas� qxaept � �
<br /> . . that ata�ed izi the notico, eha17. be tra.r.sactnd at the spepial r..eetin�.. �
<br /> .... Se�tion 3. Plnce of Nectinad. .
<br /> . , Y.eetznqe o£ �he Aeaociation raen6aro shall 6^ held aC ehe registered office p� the Coxpozptian or at aucl. �
<br /> .. . other aui.table place conveniant tn the ae:ubera ae may Lw deaiqnntec3 6y :he Board pf Adpi.ainl�atoxn. .
<br /> se�ion d. Notice of Hr.rtin e. �
<br /> It_ uha11 'ae the duty o° the Secrete.ry to�ail d '�I�LtCR nct;zr.-e c.f each annusl or epetial meeting af the �
<br /> � - Tenociativn at 7,eaet tcn (10) 6ut not more tY:an thisty (�0) dayn przo=to nuth meetix7g� etati.ng T.he qgandn a4 woll
<br /> � . �i nn the ti-ne and place w5�yre it is to be hrld� to �ar.h owaer n. _ecord, a: :heir.euite addreee a� at aueh athar �
<br /> � � 1 ?�:7dreea ao eueh owar,: nhall have deeiqaated 3y r-o<icr ±:� w;iti.ng to the SecreCaty, The nailipg o� a �latice o£
<br /> � :.�-....`-:ng ir. �::r_ �an�er pro•ri�e1 5y :hiR S�c�icn s�.,i.I �o cer.e:.�ered ae�.�ice o` notice.
<br /> .. `:e�;.ioa 5 order o4 Sueineso. �
<br /> � � T.yr, ard-s �° b•�..ni.l:ees r.t sll nee�zng:� a°_ �Se Ase=:cia�ian oha2� hn ee'follc.h:a�
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<br /> (a) Roii Ca11.
<br /> � - !b} Proo: o: ratice n£ weeting,
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