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REYNOLDS / BROWN
City of Pleasanton
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REYNOLDS / BROWN
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1/21/2009 1:25:32 PM
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10/29/2007 3:22:22 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
12/11/1981
LONG TERM AGREEMENTS - NAME
REYNOLDS / BROWN
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
LANDSCAPING
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Owner's Site, and then only to the purchaser or mortagee <br />of such interest in such Site. Any attempt to make a <br />prohibited transfer is void, and will not be reflected <br />upon the books and records of the Association. <br />4.5 Voting Rights of Members. The Association shall <br />have two (2) classes of voting membership. <br />Class A. Class A Members shall be those <br />Owners~escribed above, with the exception of <br />Declarant for so long as there exists a Class B <br />membership. Class A Members shall each be <br />entitled to one (1) vote for each one thousand <br />(1000) square feet of land within the Class A <br />Member's Site, rounded off to the nearest one <br />thousand (1000) feet. When more than one (1) <br />- person is the Owner of any Site, or the Improve- <br />ments thereon, the votes allowable to such Site <br />shall be exercised as they among themselves <br />determine, but in no event shall be more votes <br />than those authorized under this paragraph be <br />cast with respect to any Site. <br />Class B. The Class B Member shall be <br />Declarant. The Class B Member shall be entitled <br />to four (4) votes for each one thousand (1000) <br />square feet of land within each Site owned by <br />Declarant, as computed in accordance with the <br />provisions of the preceding paragraph; provided <br />that the Class B membership shall cease and be <br />converted to Class A membership on the happening <br />thereof of the following events, whichever <br />occurs earlier; (i) when the total votes <br />outstanding in the Class A membership equal or <br />are greater than the total votes outstanding in <br />the Class B membership; or (ii) seven (7) years <br />from the date on which this Declaration is <br />originally recorded. <br />4.6 Limitation of Voting Rights <br />(a) Under no circumstances shall Members <br />have the right to vote on the following: <br />(i) On the disposition of all or <br />substantially all of the assets of the Association; <br />(ii) On a merger of dissolution of <br />the Association; <br />(iii) On an amendment of the Articles <br />or Bylaws of the Association. <br />(b) Members shall have the right to vote on <br />all matters specified in this Declaration and in the <br />Articles and Bylaws of the Association. Subject to the <br />limitations set forth in Subparagraph (a) of this Paragraph <br />6 of Article IV, Members shall also be entitled to vote <br />
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