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' ~{~~-- ~ <br />AMENDMENT AND REVOCATION OF RESTRYCTIVE COVENANTS <br />WHEREAS, Restricti:ae Covenants have been imposed on-all-lots in <br />Meadowlark Estates Subdivision, Ha11 County; Nebraska, and z'eCOrded i~o- <br />veinber 28, 1477 as Document #77-006854; and, - <br />4JHERE.4S, the owners of all of the lots in Meadowlark Estate's Sub- <br />.division agree that Covenant No. 11 should be repealed; and 'that Cove- <br />-ant No.- 20 should be amended. <br />MOW, THEREFORE, the undersigned, being all o€ the owners of lots <br />in Meadowlark Estates Subdivision in Hali County, Nebraska, agree as -- <br />follows: <br />~- 1. Covenant No. 11 pertaining to construction within five.--years <br />is hereby repealed. <br />2. Covenant No. 20 is hereby amended to read as follows:- <br />"20. Fran coporate voting purposes, each-stockholder-shall <br />be a director and each share of issued stock shall be enti- <br />tiled to one vote. Cnly one share of stock may be issued <br />for each lat. All action by the Board of Directors shall- - <br />require the affirmative vote of the directors holding a <br />majority of the issued stock, except that the following ac- <br />tion of the corporation shall require the unanimous vote. of -- <br />directors holding all of the issued stock: <br />A. Construction of recreational facilities or other <br />improvements on Lot Twelve (12}, <br />B. Construction of water and sewer lines by the corpa°^tian. <br />C. Purchase of additional land for attachments to Lot <br />Twelve (12}. <br />D. Sale or further subdivision of any part of Lot Twelve <br />(12} after October 1, 1442. <br />E. iortgaging or eneumberinl; any portion of Lot Twelve {12}. <br />F. Dishonoring, revoking or rescinding the corporate prom- <br />issory note to C'1ern So>Znson ar Shro-~ F,. Tohnson. <br />C. Disselvin~ the corporation. <br />~I, Any expenditure in excess of Five lluadred Dollars {:500.00}. <br />Dated .=lay ,~, 19vC, <br />I~oCs , 2, 7 and l.ot ~: <br />~;. , <br />! 73-1 ~ L~<-~r.~ <br />C enn o ns Tom Pesha _..~ <br />A~ <br />S Caron L. Jo~ir on "~ I..orrine Pee a <br />7 -.n+, L . <br />°-P <br />l ~` 1 / <br />.f <br />~ Jim'-?~oCl <br />~f <br />r} <br />J 1~„~ t ~a1 ~~ K~~,-~ <br />a <br />Lot 9: <br />~~~ > ~ ;;. <br />~~ <br />Lean Btndert<ip,E>1 <br />LL~t 10: Lot 11: <br />1" _. <br />~~~~~.4`_~~~~'°' Lot i2: <br />f i~lEAD06~l,P.Rk !~S'i °'I E~ , `~ ~~ <br />~l I` 1 %! <br />By ~ ~~.~. __ _ dL'~ar-'~t...~ <br />Prc.,id=i,t ~ ~ _ <br />