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bylaws page 1

MEMBERS INFORMATION 

 

HOUSE RULES

 EDGEWATER CLUB INC  

            BY-LAWS              

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 membership.

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.

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