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<br /> �� �� � �Z 100182
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<br /> _;� the Pondaroaa Laka Estatoa Homoownors Jlasoc3atioa, Inc. to
<br /> ��' bavo a continuous sand boaah around the �ake.
<br /> �� O. 7�►y roal estato teizoa Zevied and asoeseQd sqa�inst
<br /> � Ponderoea Lake Estates �omsowners Assoaiation shall be borae r"��"
<br /> . ����_.
<br /> �_�:..,A;!'.!''��T�'
<br /> �A�•�� X%F-. equally and paid by the members of the Pondercea Lake Estates
<br /> �� �. .
<br /> �;�� . � �, 8ome�wners Aseociation throuqh the aunual assesamo�ats as
<br /> �-°=-•-�� �. desaribed in Article IIi, paraqrapb 4.
<br /> � � Ty���- 17. Townho�es. Lots seveat�en (17) through twenty-two (22)
<br /> _.�:�,;,
<br /> __ �:�:�. ' . may bavQ oae dock per lot. Theae townhouoas ehall have one-half of
<br /> t•••�fl i'n�`�' ; tj16 ZOt C�6C�A(� �O tl'16 OWD6r. .
<br /> n.�a � �� !{�5{`5���7��
<br />_ 4 � �.;;�7>';`; le. Cite drainage f rom any lot to the lake a�d the materials �r_"
<br /> ���� a �
<br />- -�:�.; '� i' ,�,� y -
<br />__-�•`�`-�`-`-'��'��� ���5��,` used fcr such dra3nage mu�t be approved by the Arahitectural _�
<br /> -=�°�:��u�«..as.
<br /> . ,:��l,;�t t.�,�!?'�r��;'�'s��.��, Committee.
<br /> - � •:t1�' "`(,+,�:;r;�,�.•
<br />= �r: ^l�y:'if:•,,,'",, ARTICLE III.
<br /> •,.��. � .
<br /> '�" '����°',�:,'��•� ORGANI2ATION OF ASSOCIATION
<br /> � .��s..
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<br /> ; � •'�i���: � 1. Formation of Assoaiation. The Ponderosa Lake Estates __
<br /> :�?' ` ���"� . Homeowuers Associatfon shall be a non-profit Nebraska Corporation _ __
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<br /> , , •��:: . . . =-
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<br /> � .��+�-������ � charged with the duties and investad with the powQro prescribod by �,�-�°
<br /> ,; : ,; ; .
<br /> �.� �• � • law and set fortih in the 1►rticlea, Bylaws, aad this Doaleratfon.
<br /> �.�..,�:, .
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<br /> ���`•.���s '�-� Neither the Articles nor the Bylaws shall, for any reaaon, bo ____
<br /> � ' amended or otherwise changed or iaterpreted eo as to be °=
<br />- ^� � iacoasistent with this Declaration. It shall be the respoasibility
<br /> � ' of the aorporation to enforce all of the covenante, reetriatioas
<br /> . �a�� aad conditione contained in this Aqreement. __
<br /> . . .':/'� - -
<br /> �` ;�»' 2. Classes of votiaq memberships. Ponderosa Lake Eststes -
<br /> •� :;�%`�� ' Homeowaers Aseociation shall have two (2) classes of voting =_.--.
<br /> ,-, , • :;,; : _�-
<br /> �.� �;�';.. ....:<, � meiaberebips:
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<br /> ��: ,r,:� ,;,,�., ,.. A. Class a. one (1) share o� Class A noting membership �-
<br /> ��'`��' � � shall be issued for eacb of lots one (i) through sixteen (16), �"�-
<br /> - . ���� , � � . and one share for each one-half (i/2) lots seventeen a (17a) ��
<br /> � A ,;�r,�;'�� � through twenty-two b (22b), and one share for each estatca �- �'
<br /> ,�� , ''.��;�ti r' b l o c k. E a c h h o l d e r o f C lass A votin g membershi p ie entftled �''���.-
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<br /> �'"�:��; ���,° �� to one (1) vote for each share so issued. Ha ahares shal l be �•���-
<br /> _ ti�,.•:;;,. � .,,�..' ',. �==
<br /> • '. ;,r ,,�a• :' , .. issued for the Outlots. ..� -
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<br /> ', ., ,{�;.r.�,;:, .
<br /> +. �;������'::r'� B. Class b. Class B votinq membership shares shall be �.'
<br /> .., .�,y+:�';:;� . �� •
<br /> :,,��.�,.; issued to Peqgy Rae, her succesaors and assigns, one share for '
<br /> • � . each of lots one (i) throuqh s3xteen (16), and one share for ! .
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