1993-03-18 Resolution 73 - Laserfiche WebLink

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g. to assume such other purposes as the Declarant may deem necessary or t appropriate to enable the Associatbn tp carry out the purpose and intent of this Declaration. 6.3 Members. Each Owner and a representative of the Declarant, so bng as the Declarant owns any portion of Blackthorn, shall automatically be and become a member of the Association. Membership in the Association is compulsory for Owners other. than the Declarant. The Association is entitled to carryon such business as is authorized by its Articles and Bylaws, including, but not limited to, the powers granted the Association under this Declaration. 6.4 Voting Rights. Each Owner, including the Declarant shall be entitled to one (1) vote per acre of land in the Owner's Lot. However, each Owner will be entitled to only one {1) vote per Lot under the following circumstances: a. when voting to appoint any Board member; b. when voting to amend these Covenants, the Guidelines or the Bylaws of the Association; c. when voting as stated in Sections 3.5 and 4.6; and d. under special elections as determined by the Board. The Declarant may waive its right to vote on any issue or question called before the .Association. . 6.5 Management The Associatbn shall be managed by its Board of Directors in accordance with the Articles and Bylaws of the Association. The Board shall consist of three (3) directors whom are appointed by the Declarant and shall serve on initial terms of one, two, and three years, respectively. Succeeding directors shall each serve a term of three (3) years. The Declarant shall retain the right to appoint: a. three (3) directors so long as the Declarant owns not less than twenty-f'nre percent (25%) of the total .land area of Blackthorn; (exclusive of areas dedicated to public authonty and landscaped areas); and b. two (2) directors so bng as the Declarant owns not less than fifteen percent (15%) of the total land area of Blackthorn; (exclusive of areas dedicated to public authonty and landscaped areas); and c. one (1) director until such time the Declarant relinquishes its right to appoint a director to the Association. Any director not appointed by the Declarant shall be elected by the Owners at times and in a manner pursuant to the Bylaws of the Associaton and Section 6.4 herein. 6.6 Assessments. As a member of the Associaton, each Owner by acquiring legal or equitable title to a Lot, agrees for itself, its. heirs, personal representatives, successors and assigns, to pay to the Association any dues: assessments, charges, costs or fines, as may from time to time be levied by the Association for any lawful reason. 12 Blackthorn Corporate Center -Covenants & Restrictions 4/1/93