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Article I: Object and Definitions
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1.1 Name and Location. The name of the corporation is the LAKE MERIDIAN VILLAGE HOME OWNERS' ASSOCIATION, hereinafter referred to as the "Association." The principal office of the corporation shall be at S.E. 256th & 138th S.E. on Lake Meridian, King County, Washington, but meetings of members and directors may be held at such places within the State of Washington, County of King, as may be designated by the Board of Directors.
1.2 Purpose. The purpose for which this Association is formed is to govern the condominium property which is described in Schedule A attached hereto and by this reference is made a part hereof, and which property has been submitted to the provisions of the Horizontal Property Regimes Act of the State of Washington by a Declaration entitled "Declaration and Covenants, Conditions, Restrictions, and Reservations" established a plan for condominium ownership of apartments within the above-referenced condominium, (hereinafter referred to as the "Declaration").
1.3 Assent. All present or future owners, tenants, future tenants, or any other person using the facilities of the
project in any manner are subject to the regulations set forth in these By-Laws. The mere acquisition or rental of any of the condominium apartments (hereinafter referred to as "apartments") in the project or the mere act of occupancy of any of said apartments shall constitute ratification of these By-Laws.
1.4. Definitions.
- "Association" means the LAKE MERIDIAN VILLAGE HOME OWNERS' ASSOCIATION, its successors and assigns.
- "Properties" means that certain real property described as being subject to the Declaration of Covenants, Conditions, and Restrictions, as described in Exhibit "A" attached hereto and by this reference incorporated herein, and such additions thereto as may hereafter be brought within the jurisdiction of the Association.
- "Common Property" means all real property owned by the Association for the common use and enjoyment of the Owners, that is, all of the properties except the Lots and Dwelling Units.
- "Lot" means any plot of land shown upon any recorded sub-division map of the Properties with the exception of the Common Property.
- "Owner" means the record owner, whether one or more persons or entities, of the fee simple title to any Lot which is a part of the Properties, including parties to real estate contracts, but excluding all parties whose interest is primarily security for the performance of an obligation.
- "Declarant" means Thomas J. Burke, his successors and assigns if such successors or assigns should acquire more than one Lot and Dwelling Unit from the Declarant for the pur-pose of completion of development or sale.
- "Declaration" means the Declaration of Covenants, Conditions and Restrictions applicable to the Properties recorded in the Office of King County, Department of Records and Elections.
- "Member" means those persons entitled to membership as provided in the Declaration. The terms "owners" and "members" as used herein shall be synonymous.
- Unless otherwise specified, all terms shall have the same meaning in these By-Laws as such terms have in the Declaration.
- The terms "apartment," "condominium," "unit," "town-house," or derivations of these terms as used herein shall be synonymous.
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