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1 _ OU?0$ :% EXHIBIT "B" ~ "' BY-LAWS OF WINDSOR S¢UARE CONDOMINIUM PROPERTY REGIME AND WINDSOR S¢URRE ASSOCIATION,. INC. ARTICLE I. BY-LAWS Section 1. Description. These are the By-Laws of The Windsor Square Association, Inc., a Nebraska non- profit corporation with its registered offices at Suite 310, 2121 No. Webb Road, Post Office Box 1365, Grand Island, Nebraska. These are also the By-Laws of Windsor Square Condominium Property Regime, A Nebraska condominium property regime. Section 2. Seal. The corporate seal shall bear the name of the corporation and the words "Grand Island, Nebraska, Corporate Seal." Section 3. Membershi This corporation has been organized to provide a means of management for Windsor Square Condominium, a Nebraska condominium proper*_y regime in Hall County, Nebraska. Membership in the Association is automatically granted and restricted to record owners of suites or garages in said Condominium Regime. '; he votes on behalf of a suite or garage shall be in person by the record owner thereof, or by proxy, but if a suite or garage is owned by more than one person or by a corporation or other entity, such vote shall be cast, or proxy executed, by the person named in a certificate signed by all of the owners of the suite or garage and filed with the Secretary of the Association. Title to suites or garages may be taken in the name of an individual or in the names of two or more persons, as tenants in common or as joint tenants or as tenants by the entirety, or in the ^ame of a corporation or partner= ship, or in the name of a fiduciary. Section 4. Involved Pr-;petty. The property described in Arti^le IS of the Master Deed as located in Hall County, Nebraska, has been submitted to the provisions of Sections 76-8(il through 76-823, Reissue, Revised .,tatutes of Nebraska, known as the "Condominium Pcaperty Act" by the Master Deed recorded simultaneously herewith in the office of the Register of Deeds of Hall County, Nebraska, and which condominium shall hereinafter be referred Section 5. Application. All gresentand future owners, mortgagees, lessees and occupants of condominium suites and their employees, and any other persons who may use the facilities of the Regime in any manner are subject to these By-Laws, the Master Deed and the Rules and Regulations. The acceptance of a deed or conveyance or the entering into of a lease or the act of occuganey of a condominium suite shall constitute an agreement that these By-La;:s, 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 March 3i, 1982 or as soon as t}~e Developer, Mid-Continent Enterprises, Inc. shall relinquish control of the Board of Adriir.i.strators, whichever shall first occur, the fist annual meeting cf the Association shall be held.