|
_'.I . . . . .. . . . . .._..� �. . . . � i.N` t�:
<br /> . . ..
<br /> ... . .. ., .�� ��.
<br /> -�:..:. : v.. ..
<br /> .... _ .
<br /> ,�.._�..s:.1:_.. ,..:•..,.. ' _ ._-.._-.-_.
<br /> tc'�^: ._.r- _: -__ � . '_ . _- _ -_
<br /> . . . C , ;.�` �
<br /> - . .! . . . . � - . . - . .. -_`. . , . : .
<br /> _ •.s f_.��:. . _.. - . .F ' .,t � ' . . _ . _ .. _ ' r. '_ ' ' • ' r.
<br /> � � _� ' . .. - ,i�:4 , r ,. . . ` . � � - . _ .. . ' .'f> . ` . . l�'� z "
<br /> .. ` .� :t� ,t' `� � , . .. � ' . 'si
<br /> :l.' _ . .. �_ ' . c t1- . . � . o . � , r . . - ,. . - .. .. .
<br /> .t . . . . � - .. • . ' . ' ' ` . � , � � � . . �a, . v . .
<br /> `- � - _ T_ _. ' _ .�. � c. .. I. � . ' C`'` . ., , , _ _T ,_ , , • `< l_ft_'+_.
<br /> . �.. -� ,_ . <` 'G`, t _ ._.. � - -'_ ' . fiC G. ,. � "' . _. _ . _ � �cT . . ' "' ' - .
<br /> ! �.. �. � .. .. . ... .. . 4 .,��_'�.� .__. . .._�.1-....`. - .
<br /> .. ` • `A�_�__.�.-.,.�._��_�..�i.....���...t '! �"_"._..... --. •"' "____ ,. ... .. - ,.
<br />_. , ` ... • �� _ � '� , ' ' .
<br /> ` . . . 4 .
<br /> C.
<br />_ � • ( Q • '
<br /> ���� `T-i
<br /> . . � , . e onsil�iti of �he�orgoration �o . . _.
<br /> � < �-• Declara�iono It shall ba the r sp �Y _
<br /> -- .i='��r-,-'c�� -.Y_ ;.._.s .
<br />` �� en�orce all of �Yte covenamts, res�rictions an�3 conditions contained . . _ •,,�., '•=
<br />_ , ia th�.s �greemeat. - �
<br /> :. �,; • . � • _ . �
<br /> .: � � � 2. C�ass�s of Votina Me�„bersh3.o. Ponderosa Lake Es�ates _
<br /> . � � ` ' ti: ;�E•;
<br /> ' Homeo�ners Associatioa shall have twa (2� classes of votinq � �`� n'.` �-- -
<br /> ,'. , =r;.:-.
<br />-. . , . - -.osr-�-.r`_
<br /> � m@IItb@28�.j18 L � F.• "_-
<br /> .�_s
<br /> • F�-..,,..�_
<br /> a. Class A. One (1) share o¢ C1ass B voting . . . .
<br /> . . � members�i.p shall be 3ssued for each o� ive ' � •":
<br /> �f- � One (2.), R�,ao (2), Three (3), Four (4)� � ° ; � ..
<br /> �5I r s� ���� Sevea (9), I3ight (B), Niae (9) •,, .: ._�
<br />-_. .. . _f; and Ten (10), Tract �o. Oae (1), H�ock Oae (1) �`_� --;'...�°:
<br /> .� �, ::`' and Lots OIIe (1), Two (2I. Tbree (3), FOUr ` �
<br /> Yt .
<br /> `:' Sis 6 9even (7) , and 81ght '����-
<br /> • . (�). Five (5). � ). � `. ,. � +�-_
<br /> � . `�., (8?, T�ct No. One (1), Slock Three (3) , , r .-
<br /> , Lots One (1), TaPa (2), Three (3), 7C�our (4) and ? �
<br /> - __ _ � , s:.� � _. ' '�
<br /> � � . � Five (5), Tract No. �nio (2), Block �o (2), .
<br /> � a],I in Ponderosa Zake 8statea Fourth : _ ':� -
<br /> � Subdivisioa, an Additioa to the City of Grand `;.�'�"�.=
<br /> . ' r-�;.
<br /> � Island, Sall Couaty. DTebraska. Each holder of ;�-____
<br /> � � Class e voting mem�ershig� is entitled tm oae . � ':�;�;;.�:,���:;:
<br /> .. . ,_ ..,.,�,_,
<br /> � , (1) vote for each share so issued. �n sheres ; ���'� '
<br /> ���: .___ � shall be i�sued fas the outlot. ��; �_.°'�
<br /> ' ��, :: -� ;�:�,�'.
<br /> ._ . �� i� b. Clase�- Class B votinq membershfp �hares L -
<br /> � shall he issued to Pegqy Rae, her auccessors �:�r=
<br /> and assiqns, one (1) share for each of Lots ���:�'�.�"
<br /> � One (1) tbrough Sisteea (16), and oae (1) .,,.;i�"��
<br /> share for each one-h�lf (1/2) of Lots � :.J`�r�,a''°
<br /> � - Seventeen a (17a) throuqh Twenty-t4ro b �22b), '. '�
<br /> � ��
<br /> � , . - . .;.. and one share for each estate blocIc, Pondeross . .. , �-_:..
<br /> � � # Lake Estates Subdivisioa, and Lots oae (i) — _�-
<br /> �hrough Eighteea (18), Blnck Oae (1), aacl Lota '��..`.
<br /> ' � � . . One (1� through Tea (10), Block Two (2), � • _ . _--
<br /> . .�.:.�� Ponderosa Lake Estates Tbird Subdivieioa. • . : .
<br /> � peqgy Rae or her successors and �ssigns shall
<br /> � ' be ea�itled to tc�o (2) votes for each share ,
<br /> owaed. Remaining Clase B votiag membersbip . � .
<br /> � shares shall convert to Class A shases whea �
<br /> . . � � ' the total votes og �he outstandinq C�ass a �. : �
<br /> � • membership equals or is greater than the total � : : . .
<br /> . � votes of ou�standing Class B membersbip, or . :
<br /> � � . '. � thirty (30) years from January 1, 1992, which ,: �
<br /> . . � is the y�ar 2022. . � •
<br /> . ,. .-..
<br /> . , 1g ,. . .
<br /> ,.` .. . . . .. . .. . .
<br /> .. . . . . � : . ; , � _..::�,..—� . .. . +� .
<br /> = .. . . .
<br /> . . . .,� .
<br /> . •.
<br /> ,.
<br /> .
<br /> , . .. .,. . �. •:: ,.. _ .. .. � � �.�.� _ �. � . - , _ .� a . , .,
<br />
|