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i _ ~~ . g~ ..... I-i~058F; 1'he acceptance of a deed or conveyance or the entering into of a lease or the act of occupancy of a condominia suite shall constitute an agreement that these By-Laws, the Rules and Regulations, and the provisions of the Master Deed, as they may be amended from time to time, are accepted, ratified, and will be complied with. ARTICLE II. SUITE OWNERS. Section 1. Annual Association Meetings. Upon December 31, 1982, or as soon as the Developer, Mid-Continent Enterprises, Inc., shall relinquish control of the Board of Administrators, whichever shall first occur, the first annual meeting of the Association shall be held. At such meeting, the original Board of Administrators shall resign as members of the Doard of Administrators and as officers, and all the members including the Developer shall elect a new Board of Administrators. Thereafter, the annual meetings of the Association shall be held on the 31st day of March of each succeeding year, unless such date shall occur on a Saturday, Sunday, or holiday, in which event the meeting shall be held on the succeeding business day. AL such meetings the Doard of Administrators shall be elected by ballot of the members in accordance with the requirements of Section 4 of Article III of these By-Laws. So long as the Developer shall awn one or more of the suites, the Developer shall be entitled to elect at least one member of the Board of Administrators who shall serve for a term of one year. The Association may transact such other business at such meetings as may properly come before it. Section 2• Special Members' Meetings. Special meetings of the_Association members may be called by the President or Vice President or by a majority of the Board of Administrators and must be called upon receipt of written request from members holding a majority of the total basic value of the condominia using the values set forth in the Master Deeds. Notice of a special meeting shall state the time and place of such meeting and the purpose thereof. No business, except that stated in the notice, shall be transacted at the special meeting. Section 3. Place of Meetings. Meetings of the Association members shall be held at the registered office of the Corporation or at such other suitable place convenient to the members as may be designated by the Board of Administrators. Section 4. Notice of Meetings. It shall be the duty of the Secretary to mail a written notice of each annual or special meeting of the Association at least ten (ZO! but not more than thirty (303 days prior to such meeting, stating the purpose thereof as well as the time and place where it is to be held, to each owner of record, at their suite address or at such other address as such owner shall have designated by notice in writing to tht Secretary. The mailing of a notice of meeting in the manner provided by this Section shall be considered service of notice. -2-