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CC&R ARTICLE X HOMEOWNERS' ASSOCIATION
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Section 1. Non-Profit Corporation. The Association shall be a non-profit corporation under the laws of the state of Washington.
Section 2. Membership. Every person or entity (including Declarant) who is an owner of any Lot shall become a member of the Association.. Membership shall be appurtenant to the Lot and may not be separated from the ownership of any Lot and shall not be assigned or conveyed in any way except upon the transfer of title to, or a real estate contract vendee's interest in, said Lot and then only to the transferee of either the title to the Lot or the vendee's interest in the Lot. All owners shall have the rights and duties specified in this Declaration, the Articles and the Bylaws of the Association.
Section 3. Voting Rights. The Association shall have two (2) classes of voting membership:
Class A: Class A members shall be all owners with the exceptions of (i) the Declarant while the Declarant is a Class B member, and (ii) the Owners of Lots described as exempt in the Declaration. Class A members shall be entitled to one (1) vote for each lot owned. When more than one (1) person holds an interest in any Lot, all such persons shall be members. The vote for such Lot shall be exercised as they by majority determine, but in no event shall more than one (1) vote be cast with respect to any Lot, nor shall any vote be divided When more than one person holds an interest in any Lot, all such persons shall unanimously designate (in writing delivered to the secretary of the Association) one of the persons (owning all interest in the Lot) to vote (in person or by proxy) the vote for such Lot.
Class B: Class B member(s) shall be the Declarant (as defined in this Declaration), and shall be entities to the three (3) votes for each Lot owned. The Class B membership shall cease and be converted to Class A membership on January 1, 1998 The Declarant shall become a Class A member as to any Lots owned by the Declarant on January 1, 1998.
The voting rights of any Owner may be suspended as provided for either in this Declaration, or in the Articles, or in the Bylaws of the Association The Declarant, during the Development Period, or the Association, after the Development period, shall have the right to suspend the voting rights of a member for (i) any period during which any assessment, or any other charge (as defined in Article XVI, Section 6), against the Lot remains unpaid, and (ii) for a period of not to exceed sixty (60) days each for any (and for each separate) infraction of the terms of this Declaration, the Articles or the Bylaws of the Association.
Section 4. Meetings. Meetings shall be conducted in accord with the specifications set forth in the Bylaws of Belmont Woods Homeowners' Association.
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