Venetian Bay HOA By Laws

Instrument4 2005-256417 8 9 Book: 5654 Page: 20

(8) Participate in any merges or consolidations with other corporations authorized by the laws ofthe State ofFlorida.

(9) Have all powers authorized by law and to have and exercise all powers necessary or convenient to effect any or an purposes for which the corporation is organized.

3.02 This Association is not organized for pecuniary gain or profit to the members thereof.

ARTICLE IV

CORPORATE SEAL

4.01 The corporate seal ofthe Association shall bear the name ofthe Association,the name Florida,and the words Corporation Notfor Profit: and is affixed hereto.

ARTICLE V

MEMBERSHIP

5.01 The qualification of Members: ofthe Association,the manner oftheir admission into membership and their termination from such membership shall be as set forth in Article V of the Articles.

502 Declarant shall be a Member ofthe Association so long as it holds title to any Lot or Dwelling Unit in the Property.

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