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safety and welfare of tl1e o\Vllers and residents within the above Property, and any additions tl1ereto as may hereafter be brought within the jurisdicti<,n of this Associati<>n, and to: (1) Acquire (by gift, purchase or otherwise), own, hold improvi:, build upon, operate, maintain, convey, sell, lease, transfer, dedicate for public use or otl1erwise dispose of real property in connection with the affairs of the Association. (2) Exercise all of the powers and privileges and to perfonrJ all of the duties and obligations of the Association as set forth in the Articles of Incorporation (the Articles:)~ Declaration, and all supplementary or amendatory declarations, applicable to the Property and recorded in the Public Records of Volusia CoW1ty, Florida and as the same may be amended from time to time.
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(3) Fix, levy, collect~ and enforce payment by any lawful means, of all charges or assessments pursuant to the terms of the Declaration.
(4) Pay all expenses incident to the conduct of the business of· the Association..
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(5) Pledge, sell, lease, operate, maintain, transfer or otherwis,, dispose of any 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 of two-thirds (2/3) of the Members, except as othenvise provided in the Declaration. (7) Mortgage any or all of the real property and impro,lements thereon owned by it, subject to the approval of two-thirds (2/3) of the Members. (8) Participate in any merges or consolidations with other corporations authorized by the laws of the State of Florida. (9) Have all powers authorized by law and to have and exercise all powers necessary or convenie11t to effect any or all purposes for which the corporation is organized.
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3.02 This Association is not organized for pecuniary gain or profit to the members thereof
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