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DECLARATION OF
COVENANTS, CONDITIONS,
RESTRICTIONS AND EASEMENTS
FOR PEPPER HILLS
ARTICLE VIII. ASSOCIATION MEMBERSHIP AND VOTING
RIGHTS
- 8.1
- Membership: Every Owner
of a Lot shall be a Member of the Association. Membership shall, be
appurtenant to and may not be separated from ownership of any Lot.
- 8.2
- Classes of Voting Members: The Association shall have two classes of voting membership; however,
all votes shall be equal and counted as such, except where voting by
separate classes may otherwise be provided in the Articles and Bylaws
of the Association or this Declaration.
- (a)
- Class A Members shall be
Owners with the exception of the Declarant (during the period when
the Declarant is a Class B Member). Each Class A Member shall be
entitled to one vote for each Lot owned. When more than one person
is an Owner of a Lot, all such persons shall be Members. The vote
for such Lot shall be exercised as they determine, but in no event
shall more than one vote be cast with respect to any Lot.
- (b)
- The sole Class B Member shall
be the Declarant, who shall be entitled to three votes for each Lot
owned. Class B membership shall cease and be converted automatically
to Class A membership (one Class A Membership for each Lot owned)
upon the happening of either of the following events, whichever
occurs earlier:
- (i)
- When one hundred percent (100%),
or at Declarants option of the Lots have been conveyed by deed to
Owners other than Declarant; or
- (ii)
- On January 15, 2014.
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