ABOUT US 1
bylaws page 1
EDGEWATER CLUB INC
EDGEWATER CLUB, INC. BY-LAWS
ARTICLE ONE: ORGANIZATION
Section 1. The name of this Corporation shall be
EDGEWATER CLUB, INC. Hereinafter it will be referred to interchangeably as
the "Corporation" or the "Club". Hereinafter, Holiday Mobile Estates Third
Addition shall be referred to as Holiday Ill, and all references to Lemon
Bay Isles shall be understood to refer to Phases I, IA, and II only.
Section 2. The Club shall have a seal which
shall be in the following form: The Seal of the Club shall be circular in
form and shall bear the name of the Corporation [Edgewater Club, Inc.].
Section 3. As stated in the Articles of
Incorporation: "This Corporation is organized pursuant to the Corporation
'Not For Profit' Law of the State of Florida, as set forth in Part One of
Chapter 617 of the Florida Statutes. Funds raised by this Corporation may be
used only for benevolent, recreational, educational, civic and social
activities. "This corporation may engage in and sponsor social and
recreational activities for the benefit of its members or members of the
community, but in no case shall earnings of the corporation be used to
benefit any individual member, director or officer."
ARTICLE TWO: PURPOSES
Section 1. This Club has been organized are to
provide, recreational, educational and social opportunities for Lemon Bay
Isles and Holiday Ill members in good standing in and to own and operate
real and personal property conducive to the creation of such opportunities.
ARTICLE THREE: MEMBERSHIP
Section 1. Membership in the Club is the
obligation of ALL property owners in lemon Bay Isles I, IA, and 2. Property owners in Holiday
Estates Third Edition who decide to be members must meet all membership obligations. No legal
responsibility, liability or obligation shall rest with Lemon Bay Isles,
Inc. or its successors, as a result of changes in the conditions for
Section 2. Membership shall be appurtenant to
the lot of the original property owner approved for membership and may be
transferred only to a new owner of that property. When ownership of such lot
is transferred, the membership is transferred with it automatically. The
Club, however, may withhold transfer of the membership certificate if all
prior obligations of membership have not been met by the former or new
owner, and may set a time limit for the fulfillment of those obligations.
Section 3. Upon being supplied with
satisfactory proof of the change in lot ownership (e.g., a copy of the
deed), the Club’s officers shall cause a new membership certificate to be
issued to the new owner, and shall change the membership roll.
Section 4. If a lot having membership is sold
and the new owner does not wish to accept membership, the Club shall revoke
the membership certificate and strike the lot from the membership rolls. The
membership fee, if any, shall not be refunded. If a current member wishes to
resign from membership, or if a member fails to pay dues within a period
established by the Directors, the Club shall revoke the membership
certificate under the same conditions as stated above.