|
. . ( .1.. ` `t. .
<br /> r`.° f � ' � . _—
<br /> �� , ' . . � ` , - } . , . �; - . . _,. •
<br /> , . . -. .. .. . , � . . � . . - . .. .. _.. _ _�-- . .. .. , �.
<br /> ' • � • f'; , ' ' ` � < <. . ` . .. '
<br /> �. � .. . � r � ... . �...' , i` .
<br /> � -� � � ; ..� � � � _, ; , � � �_--- , ---=--= __ ��4-� ��� � - .- ---= --
<br /> � r«� :=� ,a.��,��.��..���.���.�_ . . . .t. . � . . .
<br /> . , . ,
<br /> . •, t� M�eeb of offian. � ` . �
<br /> • � tt) lapertt of�wrd of AdNnfsteaton. • � , ` • .
<br /> _ . . tf3 � R�orts of ea�itt«s. .
<br /> .� tv) Et�etian ot ir�son ot et�etian(M�so nquf+yd). - � ' - , •
<br />� ttr! El�etia+ot ww6er of tM b�rd af A�inistrators (MMn so r�qutnd)•
<br /> � �i) u�fini�d bt�itiss. . . � •
<br /> ti) �Iww asinus. , r . .
<br /> �rcim s._ o{�il,, • c ' .. ,
<br /> � A qroru�for Aaacl�tim�t1��hat!`earsist of th�pnt�n, f�PK�a b'Y p'ozf►. oi suitt,anea "
<br /> holdi�a�jority of the totat bric value of tht Cado�fnt�a Yraperty Rqi�e usiry the peeantaMs�t'foeth
<br /> ' in hraotaph YI of the lMater Oe�d� uiteas otherviae prartd�d in tAew t�htws or �If�ater M�d. � -
<br /> S�etiari 7. Yotiro. . " � .
<br /> ' TM omer or asxrs of aeR wite oe sa�e person detigrnted by wch aner or ownera to aet as praxy an . •
<br /> 6is a�•tbeir 6�Mtt and d�o need enc be an aner,�tt 6r s�titl�d to ast tM wtes appurt�r�+t to wd�w1t�
<br /> at alk�ttir�s. Thc desi�tim of ary sud#:�eaxy sh�lt be�dr in��tino to tM f�ecet�ry, and ab�il b�� _.
<br /> rawe�bt�at any ti�e by written mtin to tae;�ier�stsry..b�►thc ane.c.:�`ic�sxn w d�ai�titp. in iewtM�C�a .
<br /> �..:..
<br /> . , o�oc��� iedirt�l wners6iP. sty or,a's.i•,o�stie�a�ters i�y�.da.,��at any.�ctro o� rne:a.nn .na
<br /> ' �thas�Canstitutit�s O�otp�ctney tsissi'ntsk3�L��rY rote oe mic�a�'�';gl4tetF:4�iae as�n indivi�l ane��ither - ..
<br /> � . ie Dersan a'bY`.p�mcf►- R°�+�eF?:�i�O�.�erson 1!�� �P�:for ttie dne�C'or owne�'�,of�MOre th�n one wit�: i,:;�:. ,
<br /> A fidnciary sfislt 6e the wtia�4�rr with respect to a�qr��rte ou�ed 2s►a fiduciuy;cap�eity �
<br /> _ _ ,.._ .. .: , , -. �
<br /> : �;.t;a^,s. wtoriarr�Yote. . . . ;
<br /> . _ , 3:°r,,, . . . .-
<br /> . .::�..TM wt�a'���I�Jocitg,o�.�.t'�e votes re�resented,as a wietinp at rhieh_a quori�sh�ll 6e peae�t sly�li '�..`�:.,: ��
<br /> 6e 1p�h�¢tt��on�I l suite wsrers�:�s alt piaposes except fihes�r fn ths MNter Deed�nd Oeet�rattant or thefe By-,: ::'.
<br /> •,E�s�fit�' Pelantpe wte is i+equicsd. . • • , . ,
<br /> Sectim 9_ P�x�e. '
<br /> TA�Preaidlnt th�tl prestde over�e�bsrs'�eetitgs and th�SecrKary shall keep the�inute book MKr�in
<br /> tbe raolutiau ahalt be��cord�d. '
<br /> s.etia,18. Aei«,n.wit. = --
<br /> If�r�tir�of th�At�ociation camot be hetd bec�tue�quoru�has not attend�d,�Mjority in eawion �_��°-—
<br /> iete�st of tM wite awners �o are praent at sueh �eetin9, eithe� in persa► o�by proxy, w�►adjourn th� �,_.
<br /> wtina to a tir not las than forty-ei�t (48) Ifourt fraw th� tiw�Me oriqirvl wtitf�ws atl�d.
<br /> �. ;::.�`a�
<br /> . • r �
<br /> . , k .,�e.ti� " -
<br /> • ' ARTICIE 111. BQ�1tD OF AOMIMISTRATORS ' �
<br /> S�ctim 1. Wab�r ard 4wlif5cstion. �,::•.`.;=%r�'=y.-
<br /> The�tfairs of tAe Assalation ard the Cada�iniu�Property Re9t�e shatl be governed by a iotrd of �: -�'t���'"":��*°�
<br /> Ad�inisttators�atso ulled"Oirectors��), �ntil Dece�ber�1, 1993, or�ntil the Oeveloper shsll relinquisA its ���:': .''--;:�y',�
<br /> Controt by rHtten eotiee to �ll orne�s, �ichever shall fi�st aw�. acid tAeresfter until their auceesso�s �• i.;,
<br /> shalt.Mw b�►auly elected by the Assaiation. Ur�til then the Oevetope�, vark Gardens Oevelopmnt, Ine., �, �',•,,•.�%a�:%�
<br /> shalC desiyn�te all �era of the Bard of Ael�inistrstors, offiters and eeplayees of the Assoeiation. : ' � }.
<br /> Thtvw�t�r, the Qoard oi Ad�inistrstors shatl be eaposed of not less than five(5I nor eoro than thirteen�73) �`:��;`�s.�,`��'�.�'
<br /> persa�,sll ot rAa1 shslt be suite amera in the Caido�inis.ufless at the tiiee there are less th�r►fiva aners �i��;:1'-•',,�iw_;:
<br /> . in th�CordoMinia. ` ,.'��"
<br /> i� . .q�r_..
<br /> �etion 2. Powen and Cutiea. • F:' • t'
<br /> � ���'•�:
<br /> Th��aM of lld�iniatratan shsll have the powt�s snd dutits neeessa�y fo� the a�inistration of th� {! ' ' '��"�i
<br /> sffairs of tM Ilssoeistion and tAe Ca�do�iMs, ud My do all sueh acts aM things except as by tar ar by the f
<br /> INatee Oe�d o�by thess 6ytsws My not be dete�ated to the Bard of Aci�►inistretors by the suise orxrs. Sueh _
<br /> pore�i and duties of the 6ard ot lld�inistratora shsll inctude but shall not be ti�ited to the folloriny: � � . ; "
<br /> p) Operation, earo, upkep and �intenuxe o! the.eaiwn are�s, li�nited eawion �rea, ard `' •'' .�`�''�
<br /> taeilteta. � � '-'�• :+;;;';;::.
<br /> tb) Dtt�esin�tian o! tAe ea�on expaws�equind fo� the affstra of the Conda�inius, includino, � .
<br /> Mithaut li�itatian, the ope�atlon�nd�intwwue of the Re91�. fi - • � , .
<br /> , , .
<br /> (eI Cotl�etion of tM a�s*s�nta�w1ch toe th�p�x�pos�of the�e tY-L�wa shall �er�such portion 't........ ...... ..::.
<br /> , , ot th�eawon exp�es a are p�yabte 6y th�respeetiv�e o�ntn) f�a�awnen. , " , � .
<br /> • ' �d) E�ployMnt and di�issal..af th�p��somtl nie�ss�ry►fo� th��9nt�rnnee and op�ratlon of th� ' �
<br /> �nera! ca�on�rea, li�ited caiwon aren, and faeilities. ' - -
<br /> ��) Adaptian�d�w�dwnt of rulN�rd�+putatiarr wwrinQ tM d�tails of tM operatian md ua t .• ,' . - --
<br /> ' , ef Meh tado�ini�praptrtf►R�Dir. . ,:
<br /> � •
<br /> �f) Openinp of 6riic accasna on 6ehitf ot the Assoeiation�nd Qesipn�Hrg the sf�to�la required : - -- -, �
<br /> tiNntor. : �
<br /> • i!) Obtainino of inlur�rc�r for.tl�e Cado�inia. ' , • ��� �
<br /> . . . (h) Rp�f�itr�nd�riM+ini�t1f�prapKty a��buildiryr in�Canda,ini�ar ose�sy Re�i�e aM : i �.:
<br /> ;',;.,; �p in, npl�c�ne aM twRoration oi.ti�r Canda�iniu�PropKty RwiMr 9n�coen�ee rfth the "� ' ` '�
<br /> , .. ...
<br /> , etMr�ovlsiar of tA�re Nff�ta�t. aftrr d�N or battuetian bp fi��er otl�a�ca�uelty or ,
<br /> --_---.- -:-- _.:_... _._.asa.se�tlt.sldot�dra�eila�•�r.e�i�eet.Q�elQp[oceedln�.. ::.__ ' � -- _�
<br /> . . .. ... . . _ . _ . �.�. ,.
<br /> . . j. _ �r
<br /> . . ,,;:
<br /> � � EXHIBYT �•d�• 2 of 10. ����:�."�; .
<br /> . � ' . � . . . �
<br />
|