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No. 1589 approving declaration of protective and restrictive covenants of the US 31 Industrial Park
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No. 1589 approving declaration of protective and restrictive covenants of the US 31 Industrial Park
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COVENANTS -US 31 INDUSTRIAL PARK <br />inconsistency between these Covenants and the Bylaws. <br />6.2 Purposes of the Association. The purposes of the Association are <br />as follows: <br />a. to enforce these Covenants; <br />b. to maintain certain common landscaped areas; <br />C. to receive, account for and budget funds belonging to <br />and /or entrusted with the Association, including <br />without limitation; Review Fees, dues, or <br />assessments; for the operation, maintenance and /or <br />benefit of the Owners at US 31 Industrial park; <br />d. to pay the expense of the Committee as budgeted <br />herein; <br />e. to appoint the members of the Committee from and <br />after the date the Declarant ceases to make such <br />appointments; <br />f. to assume such other obligations with respect to US <br />31 Industrial Park as the Association deems <br />appropriate; and <br />g. to assume such other purposes ad the Declarant may <br />deem necessary or appropriate to enable the <br />Association to carry out the purpose and intent of this <br />Declaration. <br />6.3 Members. Each Owner and a representative of the Declarant, so <br />long as the Declarant owns any portion of US 31 Industrial Park, <br />shall automatically be and become a member of the Association. <br />Membership in the Association is compulsory for Owners other <br />than the Declarant. The Association is entitled to carry on such <br />business as is authorized by its Articles and Bylaws, including, but <br />not limited to, the powers granted the Association under this <br />Declaration. <br />-8- <br />
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