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6B (3)
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03-27-12 Packet
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6B (3)
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11/1/2012 10:42:37 AM
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3/23/2012 1:30:19 PM
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/_�. (3 <br />BY -LAWS <br />OF OWNERS' ASSOCIATION AT BLACKTHORN, INC. <br />ARTICLE I <br />Name <br />Section 1. Name. The name of this organization shall be Owners' Association at <br />Blackthorn, Inc. This organization is also referred to hereinafter as "the Corporation ". <br />Article II <br />Nonprofit Organization <br />Section 1. Nonprofit Organization. This shall be a non -profit organization, the object of <br />which shall be to enforce the Declarations of Protective Covenants and Restrictions <br />governing real property and development within the Blackthorn Corporate Park <br />(Covenants) in South Bend, Indiana (Blackthorn), to maintain certain common <br />landscaped areas within Blackthorn, to receive, account for and budget funds belonging <br />to and/or benefitting � Blackthorn, to pay the expenses of the Architectural and <br />Site Plan Committee (Committee), to assume other obligations with respect to Blackthorn <br />as appropriate to carry out the purpose and intent of the Covenants. To accomplish its <br />corporate powers as set forth herein, the organization is empowered to do all things <br />necessary and expedient within the limitations of Internal Revenue Code Section 501 (c) <br />(4) and (6). <br />ARTICLE III <br />Members <br />Section 1. Membership. There shall be one (1) class of members of the Corporation, <br />who shall be known as "Members." Each person or entity owning real property within <br />Blackthorn shall be a Member of the Corporation in the manner provided in the Articles <br />of Incorporation, Bylaws, and Covenants, and each member shall have the rights, <br />privileges, duties, liabilities, limitations and restrictions which are therein and hereinafter <br />provided: provided, however, the South Bend Redevelopment Commission <br />(Commission) shall be a member of the Corporation in the stead of the South Bend <br />Redevelopment Authority. The Commission shall be a Member of the Corporation until <br />such time as neither it nor the South Bend Redevelopment Authority longer owns real <br />estate within Blackthorn. <br />
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