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<br /> ;�:�,�y,}y,�.,•::.=,,� iHE SOUTNY�OD i0110d1 A IIA1 iACPBBiY RkGIpE !V -
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<br /> „ ARTICLF I. BY-L�1lS R.'�•'°,`.••._-
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<br /> ' � ���Oil � OQBMiP�1011.
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<br /> „• These aro the By-lers of Southrood Na�e.wwnere Aaeoeie�i°�• �^�•� e Nebr�tcs Non•Profit Corporetlan, w1 l-,I?_�
<br /> � , its repteterc�offiees at 3216 YoodridQe Boulevard, arand tolmid,�tebreske b880/.R 1 i�aro elso tha BY-laxs _�
<br /> � of The South►�ood Canfoolniu� P�ope�tY ReOime IV. e Nebroska Cordaairtf+�Pre�sarcY e9 • �s�JT-_--
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<br /> • i . &ey ton . �l. �f."�—...
<br /> f:�9+M.
<br /> � ' • • tfld ccrporete seal shalt bear the naeie of the corporatiart r�rsd Cho ao+'dg "G�+t� ta�Ab� Nebraska,Corporato + �T„w'
<br /> S09L°' ;' �J�;.,___ _. _..
<br /> '..;::{��- Srction 3 MEni�LshfP�. r �~"� —
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<br /> ::,� ,', t for The Souths.rootl Carttlo!�iniun peopecq . _ _ ,� - ---
<br /> ;,_, The wrporatiar�bes been orgeni:ed to praaida a means of mano8enen .
<br /> " • , Repi�es loeeted on�Mebras e.�Meabersh�ip i�the �Jlssoeie ior►is a mtiea tY granted and restNeted to recon! ; `;�;,;;
<br /> . Ielerd,Nel l CantY� the �eeoM Roldc� , _•-
<br /> aanore of auites in seid Cada�rinia. Tfie votes on b�����tifiwteeaingned bY allPof the�ownere of the suite •
<br /> �1'F
<br /> � thereof� ar bY proxY eacew��. W the peraon named
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<br /> :� {n�tl e�neaies of two or nw�e pereons,�es taenents i�;c�am�on ories ten nts tbY he enNre�, or in theivnmie of a ;. r. 4�_.
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<br /> ' ,•�' corporatian or partnerahip, o� in the e�ama of a fiduciery. :�sk�=
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<br /> .. - . .. -.i . - _
<br /> �i�)ti� Hertion 4 tmolved pronett� .�'�':":
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<br /> " " .�•t;5�+ The propertY de���i� in Artiete ii of the Meste�Deed as located in Grand Island. Nal� ��tY. W����• '
<br /> �;.' ` has been s�bmitted to the provisiore of Ntbraska Revised scetute Seetiais 76•801 through T6•823(Reissue 1990) ,,�
<br /> �t,;:•�, . ..
<br /> , krpwn as the "tor�daniniun Property Aet" W the Master Deed recorded aicmltar►eously herewit� in�h �inafter ,'�r..•° '
<br /> � �.° ----`� the Regisser of Dctt�at Ra!! tx-�+t1', Nebraska, end tmy mid atl future condoininia property e9 ,.�t��L' —
<br /> created by Mast@� Deed from within loNebreska�5> through Etaven t ii). 8iock t�a t2). Sranissrx4 S!w'�«+d ,{�
<br /> � •r.; Subdivislon, Orend Island, Mall County, .�
<br /> . . ,T'�:f�';
<br /> , . .sc�. C:tton 5 AoDlita on.
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<br /> Atl present e n d f u tu re o m e r s,m o r t g a 8�. l e s s e e a aM oce u p anta of eondoiainiun suites and their e�loyees. }, `��i� "•
<br /> ., i. ... ;•'• and erry other persons aho naY use the faci lities of the ReSime in any a►arr�er are s W jec t t o t h e s e B y^L a V S, t h e 'y`;,;':f:`.
<br /> � -"•,�- Mester Deed and the Rutea and Regulations. .}�.:�, 4
<br /> � t�i':� The aceeptance of o deed o� conveyance or the errcering into of e lease or the aat of oecupaneY of e "
<br /> ..'�i ;
<br /> � �; �%��:� eonckminia site shatl constitute an agreement that these eY-la++s, the Rules and Regulations, and the provisions
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<br /> .. � ., '�� .
<br /> of the Mester Oeed, as they meY be ameruled fran time to time,are eeeepted, retified, aM will be coaplied with. y • •
<br /> ARTICtE II. SUITE O�MERS 'y„'���
<br /> ', �� -
<br /> ,,:,� Section 1 11mt�^� Association IlestinAS. �j`�
<br /> . ,;�..
<br /> �pp� pec�r ;1, 199b, or as soon as the Oeveloper, Spectrum Group, a Nebraska corporaiion, shall
<br /> , .{t`:'�'� relinquish control of the Board of AcUnioistrators, �ehiehever shell first occur, the tirst annual meetin9 of the
<br /> {,-, Associetion sAall be hetd. 1',•!;,�,��.,..:"•
<br /> ', t,� '
<br /> ' '�-'• At such meeting, the original Board of Adninisirotors ahatl res�gn as officers, and all the mec�bers '.�`•, '�
<br /> `'�' inctuding the Developer ahall elect e oer+ Board of Ad�inist�atora. Thereafter, the e►o+ual meetings of the 4 •'„y,,.;;;
<br /> � }`.S Association ahatt be held on the 30th day of April of eech succeeding year, unless such doee ahall xeur an a � . - ��rS,fi?:;',-•'��..
<br /> , �� Seturdey. SundaY. or holiday, i�which event ihe meetingshalt be held on the succeeding busineas day. At such .f>_••::'_
<br /> meetir�gs, the Board of Ad++inistrators shell be elected by ballot of the rt�ers in accordance with ihe i . ,_ :s,.::
<br /> . "'�� requircynents of Section 4 of Article Iil of these SyLavs. So long as the Oeveloper shai� own aie ur marc of � .: ,'
<br /> the suiies, the Ueveloper ahall be entitted to etect at least one mertter of the Board of Adninistrators who
<br /> .r.• �•
<br /> � shall serve for e term of one year. The Associetion may transect such other business at sueh meetir+gs as maY � ��:5`,•;�
<br /> � properly cane before it. ;
<br /> I
<br /> � Sectio� 2 Special tleRbers' Meetin9s.
<br /> , g�{e� �tirtgs of the Association mertbe�s maY � Ca1��ebyttof wrett n�rYequest franeSrt�eabers holdirxJ
<br /> , � majority of the 6oard af Adn��TSCrators and must be ealled upon P
<br /> •�";; a majority of the total basic va4�e oF the Condominie usin9 the values set forth in the Master Oeeds. Notice ,
<br /> ': '; of a speciat meeiing shall stac� c^e time ared place oi s:cti^ .r.essing arK3 the purpos¢ Er.ereof. No business. . .
<br /> '�,•�� excepi thet stated in the �ot���, s"�i« be trar�sactec!at t�e taee+al r.eeting.
<br /> �; SCttion 3 Plexe of t9eetings.
<br /> � R2c�tings of the Assoc�ation mecrbers sh�l L be�etd ac t`z re9isterea aFfice of the Corporatiom ar at such
<br /> ) oLRer sv�iea'ale plose c.onve^�c�Y to tl+e merbe�'s as ma7f�°�'Srgzated by the Board of Administrators.
<br /> .�
<br /> - • Settion 4 i8atree Ot nre�trrrn+s_
<br /> It sha[l 13e Lh¢duty of the Seeretary to maiL a rriLeen notf�Q n�a s ch meet�ing, s4ating t�he age�datas
<br /> Assotieei0n at l�ast tan (10) but rtot more then thir�y(303 CaYS P
<br /> rell as the time us�C plete Khere it is to be hetd, to eacn a�mer of rmcerd, ei their suite address or at such
<br /> other �ddress as such o�tner shall have desi9nated tiy^otTCe +n w�it�ng to the SecretarY. The ma+liRg of a
<br /> '� notite of r�eetin9 in the manne� provided by this Sect�on sHatl be cu+sidered service of►wtice.
<br /> , � S�ection S Orde� of Business.
<br /> The order of business at all meetings of thc�Assnciotion shall be as foLlors:
<br /> . (a) Rolt Catl.
<br /> • EXHIBIT "A" 1 of 10
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