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200109184 BY -LAWS OF INDIANHEAD CONDOMINIUM UNIT OWNERS ASSOCIATION, INC. ARTICLE I. BY -LAWS Section 1. Description. These are the By -Laws of Indianhead Condominium Unit Owners Association, Inc., a Nebraska Non - Profit Corporation, with its registered offices at 505 Linden Avenue, Grand Island, Nebraska 68803. These are also the By -Laws of Indianhead Condominiums, a condominium. Section 2. Seal. The corporate seal shall bear the name of the corporation and the words "Grand Island, Nebraska, Corporate Seal." Section 3. Membership. The corporation has been organized to provide a means of management for Indianhead Condominiums located in Indianhead Fourth Subdivision in Grand Island, Hall County, Nebraska. Membership in the Association is automatically granted and restricted to record owners of units in said condominium. The votes on behalf of a unit shall be in person by the record holder thereof, or by proxy executed, by the person named in a certificate signed by all of the owners of the units and filed with the Secretary of the Association. Title to units may be taken in the name of an individual or in the names of two or more persons, as tenants in common or as tenants by the entirety, or in the name of a corporation or partnership, or in the name of a fiduciary. Section J.- Involved Property. The property described in Article II of the Master Deed and Declaration is located in Grand Island, Hall County, Nebraska, has been submitted to the provisions of Nebraska Revised Statute Sections 76 -825 to 76 -894 (Reissue 1996) known as the "Nebraska Condominium Act" by the Master Deed and Declaration recorded simultaneously herewith in the Office of the Register of Deeds of Hall County, Nebraska, and any and all future units hereinafter created and additional real estate by amendment to this Master Deed and Declaration from within Indianhead Fourth Subdivision shall hereinafter be referred to as the "Condominium ". Section 5. Application. All present and future owners, mortgagees, lessees and occupants of condominium units and their employees, and any other persons who may use the facilities of the condominium in any manner are subject to these By- Laws, the Master Deed and Declaration, and the Rules and Regulations. The acceptance of a deed or conveyance or the entering into of a lease or the act of occupancy of a condominium unit shall constitute an agreement that these By -Laws, the Rules and Regulations, and the provisions of the Master Deed and Declaration, as they may be amended from time to time, are accepted, ratified, and will be complied with. ARTICLE II. UNIT OWNERS Section 1 Annual Association Meetings. On April 30, 2001, the first annual meeting of the Association shall be held. Annual meetings shall be held on the 30th day of April of each succeeding year, unless such date shall occur on a Saturday, Sunday, or holiday, in which event this meeting shall be held on the successive business day. Pursuant to the reservation of declarant rights and EXHIBIT "C" I