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The Association may be dissolved only with the consent in writing by the OwnetS and holders of all mortgages and liens on any lots, by the City Commission of the City ofNew Smyrna Beach, and by two-thirds (213) of the voting Members. In the event of the dissolution of the Association, or any successor entity thereto, other than incident to a merger or consolidation, any property dedicated or conveyed to the Association shall be transfexred to either a successor entity or an appropriate governmental 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 refused 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 stonn water management system must be transferred to and accepted by an entity which complies with Section 40C-42.027, F.A.C., and be approved by the St. Johns River Water Management District prior to such termination, dissolution or liquidation. ARTICI .E XIV. SEVER r\IDI .rl'Y
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Invalidation of any of theses Articles or portions thereof by judgement, court order, or operation oflaw shall in no way affect other provisions, which shall remain in full force and effect.
The street address ofthe initial registered office ofthe Association is 444 Seabreeze BlvcL, Suite 900, Daytona Beach, FL 32118 and the initial Registered Agent of the Association at that address shaH be Jeffrey P. Brock.
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· The Association shall indemnifY any officer, Board member or committee member or any fmmer officer, Board member or committee member to the full extent pc:rrnitted by law.
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