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manner set forth herein. Vacancies in the initial Board of Directors appointed by Declarant may be filled by Declarant. 9.03 On the termination of the Class B Control Period, as provided herein, the number of persons on the Board of Directors shall automatically be increased to (9) persons, and the Owners, other than the Declarant, shall be entitled to elect a majority oftht: Board of Directors at a special meeting called for that purpose. At such meeting after the election of the Board of Directors, Declarant shall deliver to the Association the contributions to working capital as required in the Declaration, less pre-paid items which shall be pro-rated. After the election of a majority of the Board by the Owners, other than the Declarant, vacancies occurring between annual meetings of the membership shall be filled by the remaining Board members. . 9.04 . Nothing in the Declaration shall be amended, interpreted or transferred, to prevent Declarant or its contractors or subcontractors from doing or perfonning in all or any part of the Property actually owned or controlled by Declarant, its trans:t:erees, or its or their contractors or subcontractors as the case may be, whatever they detem1ine to be reasonably necessary or advisable in connection with the completion of the development of the Property, including, without limitation. (1) Erecting, constructing, and maintaining thereon such structures and vehicles as may be reasonably necessary for the conduct of Declarant's business of completing and establishing the Property as a residential community and disposing of tl1e same in parcels by sale, lease, or otherwise; or (2) Maintaining such sign or signs thereon as may be reasonably necessary in connection with the sale, lease or other transfer of th<• Property in parcels; (3) Provided, however, that operations being conducted under subparagraphs (a) and (b) immediately above shall be pennitted upon only those parts of the Property owned or controlled by the party causing or conducting said operations. As used in this section, the tenns "its transferees": specifically does not include purchasers of lots improved as completed residences, or to purchasers of unimproved lots who are not contractors or builders.
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