Instrument, 2005-256417 a 8 Book 5654 Page: 19
ARTICLE III PURPOSE
3.01. The specific purposesfor which this Association is formed are to provide for management, maintenance, preservation and architectural control ofthe lots and common areas within the Venetian Bay Property,as defined in the Declaration,and to promote the health, safety and welfare ofthe owners and residents within the above Property, and any additions thereto as may hereafter be brought within the jurisdiction ofthis Association,and to: (1) Acquire(by gift, purchase or otherwise),own,hold improve,build upon,operate, maintain,convey,sell,lease,transfer, dedicate for public use or otherwise dispose ofreal property in connection with the affairs ofthe Association. (2) Exercise all of the powers and privileges and to perform all of the duties and obligations ofthe Association as set forth in the Articles ofIncorporation(the Articles:), Declaration,and all supplementary or amendatory declarations,applicable to the Property and recorded in the Public Records of Volusia County, Florida and as the same may be amended from time to time.
(3) Fix, levy, collect, and enforce payment by any lawful means, of all charges or assessments pursuant to the terms ofthe Declaration.
(4) Pay all expenses incident to the conductofthe business ofthe Association.
(5) Pledge,sell,lease,operate, maintain,transfer or otherwise dispose ofany or all of its personal property.
(6) Dedicate, sell or transfer all or any part of the real property and improvements thereon owned by it, subject to the approval oftwo-thirds(2/3)ofthe Members,except as otherwise provided in the Declaration.
(7) Mortgage any or all ofthe real property and improvements thereon owned by it, subject to the approval oftwo-thirds(2/3)ofthe Members.
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