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N BY -LAM. of 9o. 10 C66 PIN111o0O CONDOMINIUM PROPERTY REGIME II AND PINEIiOOD CONDOMINIUM OWNERS ASSOCIATION. INC. ARTICLE I. SY -LAMS The" are the Sy -Laws of Pinewood Owners Association. Inc.. a Nebraska Non -Profit Corporation, the gy�Lawn of pinewood ofCondsainiue P, "ortV Regime Nebraska 61 -- s -�tlon P beak. The corporate goal shall our the nor of the corporation and the words 'Grand Istsaw, Nebraska, Corporate Steel . - — 6011911 3- "Od"in . The corporation has been organized to provide a means of management for Pinewood condominia _ Property Regime located in Brentwood Third Subdivision in Grand Island. Hall county. Nebraska. Membership in the Association is automatically granted and restricted to record owners of suites in —- said Condowinia. The votes on behalf of a suits shal l be in parson by the record holder thereof, or by proxy executed, by the perslon named in a certificate signs ites a all 01 t owners t n suite and .• filed with the Secretary of the Association. Title to suites saY be Laken in the name of an mean or as tenants by the entirely. Individual or in the news of two or more persons. as tenants in co or in the name of a corporation or partnership, or in the nape of a fiduciary. yRg4%'� 1 Involved Proomrty . The p. rty described in Article II of the 1%ster Deed as located in Grand Island. Hall County- Revised Statute Sections 76-801 through 78- Nebraska, has been submitted to the provisions of twbraska ISSO) known as the °Condominiva Property Act" by the Master Deed recorded eisultansolislY 823 future � -- (Reiesias herewith in the office of the Register of Duds Of Hall county. Nebraska. and any and all created by waster Deed from within Brentwood Third Subdirisitlr - candominia property regimes hereinafter -- silsll hereinafter be referred to as the "Condcoinia ---- - -_s._ All prase•+t and future owners. mortgagees, lessees and occupants of condominia suits% and their Of the Regime in any swiner are Subject -` employees. eno any other persons who may use the facilities to thew BY-Laws, the Master Deed and the Rules and Regulations. The of a dead or conveyance or the entering into of a loam or the act of occupancy acceptance aP a condominia site shall constitute an agremeant that the" By -Laws, the Rules and Regulations. and from tip to tie. are accepted, ratifie0.*ris?aari�°>1F ` the provisions of the Master Deed. as they may be amended and will be eosPlisd with. EC?'�._ -.� :• ARTICLE II. SUITE OWNERS, 9e- ti"On.i�.R1MUa1Ji ►> :ati.4il.NN.t? not, Upon Doc- h r 31, 1999, or as soon as the Developer. Park Gardens Development- Inc.. shall shall first occur. the first amUAI relinquish trntrol of the Board of Administrators. whichever meeting of SRO Association shall be hold. meeting, the original Board of Administrator s shall resign as offiemrs, and all the _ _• At such members including the L'eveloper shall elect a meow Board of Administrators. Thereafter, the annual April of each succeeding year. unless , meetings of the Association shall be held on the 30th day of in which event tM meeting shall W lmly or3 ouch date shall occur on a Saturday. Sunday. or no'•iday. At meetings. the Board of Administrators shall be sleeted by ballot the succeeding business day. such of Section 4 of Article III of these Sy-Law*. Bo of the semrors in accordance with the requiresents long as the Developer shalt own ore or more o• the Suites. the Developer shall be entitled to elect At least one "Ober of the Board of Aenioistrators who shall serve for a term of one year. such meetings as may properly case before it. a� : +•^ ix.., Association may transact such other tueinees at �.. S"ti n_ _Sr, 4jgl t1"pgrs' MsPtinge. Special meetings of the Asscciation members may be called by the President or Vice President must be called upon receipt of written request i or by a majority of the Board of Administrators and holding a majority of ttir total tasic value of the Condominia using the values set forth from members 9011c* of a special meeting Shall state the tint and plats of such meeting and in the Master Deeds. the purpose thereof. 11: Cosiness, except that stated ,n the notice, shall be transacted at t" i :.• : special costing. b @Ct:lan 3. . ?o�{lco Of keeTinge. RH�tiry8 of the AgtoOiat•cf 310t0e'7 91.811 Ce hold at t-w, regi?toreC rffife :° t'•"e Cortorat-ori mdy �O c:e013ndttlL .�4 the BWlrn C4 or at suet , Li: ^er• gwl tuO is place Conven4H ^.t te, tno member 8 as t 0dei niftrators. i 89r%J_0!I 4. +JOtyte a. arywt,ngp. , i;% It shall be the duty of t-11 Secretary to mail a „ritten notice of each annual or special least 'men (101 but not corm than thirty (301 days prior to such meeting. moetirg of tt•e Association at stating the agenda as well as the time and blACe where it is to be hwi'7• to eact akrer of record, at their suitit address nr at such other address as such owner Snal3 have designatoll by ^OtiCe in wr•ting tot" 5.ycretary. 7►•J!'ia,l,ny of a nnt••a '..r • <q•,nq in the manr•er r•'- o•2rrf ^. -h•i Swct,ar SrA ale consisered service of lotice. Sect. tan 11 'lyder if 9"s+ne-ag The order of 3�1& mess at al' rfe^ ^':3 ar ^re deuac ,a• un ,, .� ••':llbw3 (al Aoll Call. Exhibit "A"