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BY-LAWS

ARTICLE III - MEETINGS OF UNIT OWNERS

SECTION 1. Place of Meetings. All meetings of the Unit Owners of the Association shall be held at the Condominium or at such other place convenient to the members as may be designated by the Board.

SECTION 2. First Annual Meeting and Regular Annual Meetings. The first annual meeting shall be held not more than sixty (60) days after twenty-two (22) of the 26 Units have been conveyed to individual Unit Owners, and succeeding annual meetings shall be held on, or within a period of sixty (60) days of the anniversary date of the first annual meeting. If the election of directors shall not beheld on the day designated herein for any annual meeting or at any adjournment of such meeting, the Board shall cause the election to beheld at a special meeting as soon thereafter as may be convenient. At such special meeting of the Unit Owners may elect the Directors and transact other business with the same force and effect as at an annual meeting duly called and held. Each proxy validly received for the originally scheduled meeting shall remain in full force and effect for any such adjourned meeting or special meeting unless it is revoked or superseded by a later valid proxy New proxies may be received for any such subsequent meeting. After the first annual meeting of the Unit Owners, succeeding annual meetings shall be held during the same month of each succeeding year. Election of Directors at successive annual meetings shall be in accordance with Article IV, Section 3.

SECTION 3. Special Meetings. After the first annual or special meeting, special meetings of Unit Owners may be called by the President whenever he deems such a meeting advisable, or shall be called by the Secretary when so ordered by the Board, or upon the written request of members representing not less than twenty-five (25%) percent of all votes entitled to be cast at such meeting. Such request shall state the purpose (S) of such meeting and the matter(s) proposed to be acted upon. unless Unit Owners representing at least fifty (50%) percent of all votes entitled to be cast request such a meeting, no special meeting may be called to consider any issue previously considered by an Owner's meeting held during the preceding twelve (12) months. The Board's determination of reconsideration is final.

SECTION 4. Notice of Meeting. Except as otherwise provided by law, written notice of each meeting of Unit Owners, whether annual or special, shall be sent to the members, return receipt requested, by the Association President, not less than twenty-one (21) days, nor more than ninety (90) days before the day on which the meeting is to be held, to each Unit Owner at his last known address, by delivering a written or printed notice thereof to said Unit Owner, or by mailing such notice, postage prepaid. Every such notice shall state the time and place of the meeting and shall state briefly the purpose(s) thereof. Notice of any meeting of Unit Owners shall not be required to have been sent to any Unit Owners who shall attend such meeting in person or by proxy. Notice of any adjourned meeting of the Unit Owners shall not be required to be given except when expressly required by law. Except where otherwise expressly required by law, no publication of any notice of a meeting of Unit Owners shall be required.

SECTION 5. Quorum and Adjourned Meetings. At each meeting of the Unit Owners, persons (including the Declarant or its representative) holding twenty-five (25%) percent of valid and authorized votes present in person or by proxy and entitled to vote shall constitute a quorum for the transaction of business, except where otherwise provided by law. In the absence of a quorum, the persons holding votes present in person or by proxy and entitled to vote, may, by majority vote, adjourn the meeting from time to time, until a quorum shall be present or represented. At any meeting to which the original meeting was adjourned, and at which a quorum maybe present any business may be transacted which might have been transacted at the meeting originally called.

SECTION 6 Organization. At each meeting of the Association, the President, or, in his absence, the Vice President, or in the absence of both of them, a person chosen by a majority vote of the Unit Owners present in person or represented by proxy and entitled to vote thereat, shall act as a chairperson, and the secretary, or in his absence, a person whom the chairperson shall appoint, shall act as Secretary of the Meeting.

SECTION 7 Voting. Except as otherwise required by the Condominium Declaration or any law, a quorum being present, a majority of votes present, in person or by proxy, shall be sufficient on those matters which are to be voted on by the Unit Owners. The election of Directors shall be by ballot. Unless determined by a majority of the votes of the Unit Owners present at such meeting, in person or by proxy, or determined by the chairperson of the meeting to be advisable, the vote on any other question need not be by ballot.

SECTION 8. Judges. If at any meeting of the Unit Owners a vote by ballot shall be taken on any question, the chairperson of such meeting shall appoint two Judges to act thereat with respect to such vote, Each Judge so appointed shall first subscribe an oath faithfully to execute the duties of a Judge at such meeting with strict impartiality and according to the best of his ability. Such Judges shall decide upon the qualifications of voters and shall report the number of votes represented at the meeting and entitled to vote on such question, shall conduct and accept the votes, and when the voting is completed, shall ascertain and report the number of votes respectively for and against the questions. As to the election of Directors, the number of votes received by each candidate need not be reported. Reports of Judges shall be in writing and subscribed and delivered by them to the Secretary of the meeting. The Judges need not be members of the Association, and any officer or Director of the Association may be a Judge on any question, other than a vote for or against his election to any position with the Association or any other question in which he may be directly interested.

SECTION 9. Order of Business. The order of business at the annual meeting of the Unit Owners or at any special meetings insofar as practicable shall be:

(a) Calling of the roll and certifying the proxies.
(b) Proof of notice of meeting and waiver of notice.
(c) Reading and disposal of any unapproved minutes.
(d) Appointment of Judges of Election, if appropriate.
(e) Election of Directors, if appropriate.
(f) Receiving reports of officers.
(g) Receiving reports of committees.
(h) Old Business.
(i) New Business.
(j) Adjournment.

ARTICLE IV
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