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A BTICI,E XJ1J.... DISSOJ ,IJ.:[lQN AND SUCCESSOR EN:1tl1ES
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The Association may be dissolved only with the consent in 1Nriting by the Owners and holders ofall mortgages and liens on any lots~ by the City Com.mission of the City ofNew Smyrna Beach, and by two-th.i;rds (2/3) of the voting Members. In the event of the dissolution of the Association, or any successor entity thereto, other than incident- 1o· a merger or consolidation, any property dedicated or conveyed to the Association shall be transf <;rrecl to either a successor entity or an appropriate govcmrnental agency or public body to be used for purposes similar to those for which this Association was created. In the event that such dedication is ref used acceptance. such assets shall be granted,. conveyed and assigned to non.... profit corporation, association, trust or other organization to be devoted to such similar purposes. In the event of termination, dissolution or liquidation of the Association, the responsibility for the operation and maintenance ofthe surface water and storm water management system must be transferred to and accepted by an entity which complies with Section 40C-42.027,. F.A~C·'.t and be approved by the St. Johns River Water Management District prior to such termination, dissolution or liquidation. ABIICJ,E XO', SEDRARTIJ:tY Invalidation of any of theses Articles or portions thereof by judgernent, court order,, or operation oflaw shall in no way affect other provisions,. which shall remain in full force and effect. ABIICJ ,E KV.. REGISTERED QEFICE ANJ> RE<,ISTf;JJ,ED A~ENT The street address ofthe initial registered office ofthe Association is 444 Seabreeze Blvd.., Suite 900, Daytona Beach, FL 32118 and the initial Registered Agent (,f the Association at that address shall be Jeffrey P. Brock. ABTI~LE XVI, INDEMNIFICATION · The Association shall indemnify any officer, Board member or committee member or any former officer, Board member or committee member to the full extent pc~nnitted by law.
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