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<br /> - ` � .l�ail oltl� b. ,tl� w� npi�t an�a aonsranict.a o� ,th� i�s .
<br /> � . � � 'aat�risl. �-d��ign aad aater��s of tLis divfd�r�►alI ah�Yl �
<br /> �. , y��apprawd lag tDi �rchft�ctural Ca�itt�. �o con�tr�ctian , "
<br /> - - - �. or Iand�capfnq�allo�va-tbs �ach area �thf.a apgmz�t�t�l� -
<br /> . . - ti�aty-�ive �25j. fe�t of ths sl�ore lias. .
<br /> � G. �ay rasl.� astate tazes lev�j.Qd and assQSSad aqafnat
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<br /> P�n�d�raa� La14�r�Es€a#�s �c`ao�n�re 11ssoCiatiaru--sbarll be bora�s. . -
<br /> �11Y aud �#.a bY.t�'a�a�wra.of the Paadarosa Lak� Estatas
<br /> Ho�ao�rm�ss 7lssacfatf.oa: ,tbrough the aaaua�l_ •assess�nts a$.
<br /> da�+c7Ci17ed iII fs'�f.C�e III, parxtgraph 4.
<br /> - - 16. DL�� Housi.nq II�j,ts. Lots sevente�u (17) through
<br /> , - tvgnty-tw�o.. (22) sha3.1 ha►ve.�ons dock peY�lot. These dupleu ha.usf,ng .
<br /> units shal.l hsve cae-ha].f of the lot deeded to the oWner.
<br /> � � I:7. Thars sha].I be no drainaqe pfpes of aay kinii i.astaller�.�e
<br /> _ aap �iit or estate black, �h,ptlwrs abc�ve 9round or �ndar q'row�d,� of
<br />''�`-`. the duplez housing lots whic��c�rain �nnta the la�e. � _
<br />_ - .._ . � • . � ` ' - l�R'1`IQ+E III. , . . _ �,;..:. _ -
<br /> = . -OBGE�iIZl1TIOlt OF �330CIllTI01[ _ - . . , -
<br /> , - . 1. Foraation o€ �ssociation._ The Fon+��eQ$a:.:,-:La;i�s Estatas
<br /> <�;:` , .
<br /> Hoaeowners l�ssociatiaa sha].], ba a non�rofit �te�rasTia.:Corporatioa
<br /> charqed with the duties aad iavested with the powers p�sarfbed bp�
<br /> �;`.' � Ia►`rr and set forth in the Erticles, Bylaws, and this #?eclarat�ton. _
<br /> _,. _
<br /> - xeither the l�rticles nor th� Bylaws shall,. for aap rensaar be =
<br /> � � aa�ended or othexwise chaaqe8 or i�nterpreted so. as to be
<br /> � iaconaistent with this Declaratfoa. It shall be the r�aponsibilitp �-
<br /> � of the corporatioa to enforce all of the covenaats, restrictions �-
<br /> aud aonditions caatafned in tbis 1�gree�ent. �:
<br /> � � � 2.. Classes of vot3na membershios. Ponderosa Lake Estates ��
<br /> , �± . �.>.
<br /> � �':� � Hoaeo�vnezs llssociation sha22 have two (2) classes of voting -
<br /> . �emb�rahips: ' .
<br /> � �. Clas��,., one (1) shnre o£ Class 1► votfnq me�bership
<br /> shall be issued for each lot and block. Sach holder o� Class
<br /> : • � votinq menbersLip is entitled to one (i) vote for each share � -
<br /> �... ' � so iss�ted. � ��:::
<br /> . . �. Class^ b. Class B voting �►embersbip shar�s shall be �
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