Home • Article 1 2 3 4 5 6 7 8 9 • Amendment 1 2
ARTICLE II
THE LAKEWOOD CROSSING, SECTION ONE HOMEOWNERS ASSOCIATION, INC.
SECTION 1. ORGANIZATION. The Association has been organized and formed as a non-profit corporation under the laws of the State of Texas. The principal purposes of the Association are the collection, expenditure, and management of the maintenance funds, enforcement of the restrictions contained herein, providing for the maintenance and preservation of the Common Area and the facilities of the Association and architectural control of the Lots.
SECTION 2. MEMBERSHIP. Every Owner shall be a Member of the Association. Membership shall be appurtenant to and may not be separated from ownership of any property which is subject to assessment by the Association. No Owner, whether one (1) or more Persons, shall have more than one (1) membership per Lot owned. In the event the Owner of a Lot is more than one (1) Person, votes and rights of use and enjoyment shall be as provided herein. The rights and privileges of membership in the Association may be exercised by a Member or the Member's spouse, subject to the provisions of this Declaration and the By-Laws. The membership rights of a Lot owned by a corporation or partnership shall be exercised by the individual designated from time to time by the Owner in a written instrument provided to the Secretary of the Board, subject to the provisions of this Declaration and the ByLaws.
SECTION 3. VOTING. The Association shall have two classes of membership, Class "A" and Class "B", as follows:
The Class "B" Membership shall cease and be converted to Class "A" Membership upon (i) the expiration of the Class B Control Period or (ii) on such earlier date that the Declarant, in its discretion, so determines and records an instrument to such effect in the real property records of Harris County, Texas. The Declarant shall be deemed to be a Class "A" Member with respect to the Lots it owns upon the termination of the Class "B" Membership.