ARCHITECTURAL CONTROL COMMITTEE. NOR-‐TEX DEVELOPMENT CORPORATION shall appoint the Architectural Control Committee to perform the duties required to be performed by said Committee hereunder. The said Committee shall be comprised of not less than three (3) nor more than six (6) persons and the decision of the majority of the Committee shall be final. Nor-‐ Tex Development Corporation may release or appoint such members to serve at any time as may be necessary. The term of office of the members of the Committee shall be for one (1) year and shall continue after the expiration of said term until a replacement or replacements are appointed. The Architectural Control Committee shall be deemed to have convened if not less than three (3) of the appointed members are present at any meeting held. In the event of death or resignation of any member of the Committee, the remaining members shall have full authority to designate a successor. Neither the members of the Committee nor its designated representatives shall be entitled to any compensation for services performed pursuant to this covenant. Subsequent to the sale and conveyance of ninety percent (90%) of all lots in the Addition by NOR-‐TEX DEVELOPMENT CORPORATION, the membership may be reconstituted by a seventy-‐five percent (75%) majority vote of the lot owners. Thereafter, vacancies on the Architectural Control Committee shall be filled by a seventy-‐five percent (75%) majority vote of lot owners.
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Sources: Restrictive Covenants
ARCHITECTURAL CONTROL COMMITTEE. NOR-‐TEX DEVELOPMENT CORPORATION shall appoint the Architectural Control Committee to perform the duties required to be performed by said Committee hereunder. The said Committee shall be comprised of not less than three (3) nor more than six five (65) persons and the decision of the majority of the Committee shall be final. Nor-‐ Tex Development Corporation may release or appoint such members to serve at any time as may be necessary. The term of office of the members of the Committee shall be for one (1) year and shall continue after the expiration of said term until a replacement or replacements are appointed. The Architectural Control Committee shall be deemed to have convened if not less than three (3) of the appointed members are present at any meeting held. In the event of death or resignation of any member of the Committee, the remaining members shall have full authority to designate a successor. Neither the members of the Committee nor its designated representatives shall be entitled to any compensation for services performed pursuant to this covenant. Subsequent to the sale and conveyance of ninety percent (90%) of all lots in the Addition by NOR-‐TEX DEVELOPMENT CORPORATION, the membership may be reconstituted by a seventy-‐five percent (75%) majority vote of the lot owners. Thereafter, vacancies on the Architectural Control Committee shall be filled by a seventy-‐five percent (75%) majority vote of lot owners.
Appears in 1 contract
Sources: Restrictive Covenants