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shall he six {6} in nustber and each shall hold office until the owner or owners of the villa designating him shall designate his replacement, fine names and street addresses of the persons who are to serve as the initial Directors of the corporation are: fi) Villa No. 1 D. D. Lemke 2417 Cottonwood Road Grand Island, Nebraska 68801 (ii} Villa No. 2 Ted P. Hoelck 1724 Highland Drive Hastings, Nebraska 68902 till} ViI2a No. 3 FF, William Desch, Jr. I~30i west Anna Grand. Island, Nebraska 68$01 f i vi sIi lla No. 4 ll~ ernc L. FNarsha].1 ::'22~# Wrsst Annzx Gra!'~d Island« `3ehraska 6$802 i.v) Villla Ntx. 5 .:,tsmc~~s 8. F3eltrer ]4l)~ Stagecoach xoad Grand Island, tebraska 58801 {vi) Viria i.o. ~; L-'mma Donner ~,nrey 1'i 25 South Vine Grand Isianci, Nebraska 58801 ti. The desiynatic}n ~~~ additicna?. Direct^rs x'Enre- s~ntinc; the as»diti~•na1 -. i'.Ic:3 :,. ins ~ac~: y tho ~,w ners ,; 5. those additional villas .rs saon :rs they file their duns in r.rE iftc~ ~.:= -. h_o Q€"-'43-~-'_-' t~3.v? y uj - .. .... E,~.u.'i:y r -'+CLlraska. C= the i.:+esignaitic+,~s allowed by c:arayra;>r, rj abovF «nd the designations oF: replaceruent i;~rPC;trirs ''cr these and :cr the Directors desigrsated in paragraph t!, uiay be made as a matter a€ right by the then cwrs~r ar owr,Frs c.,f record of any villa by 3esignatian in writing, deliverea ,,. rho F'.e~;~tered Agent ~f the corporation, stain<; the naz^.e n: tixe ite~~tor being replaced and designatin+.; me replacemec:t.. D. 'Fhe designation +~*. ;3 re~F,ia<~erse;it "~rec*<;r shah t;e eExective immediately ;;pare the receipt c:r the wzittcryn noticr th?reof h~, rhp ~~r~lu'tmrer~ -:'~z=~.t~, ..~ t 3 . _ =e ~, au - i; )Oi 1 ~V o:' the Jirecters Freang repiacE-d Sn3ii ~~ease. ., ~;,y ,.,_„ „_t srf m,er~tin{~ of the FFOard of F?ik~ectars ha~r~• been ;ive,: ;_., ,~