registry of deeds

book 2766  pages 1154-62

BY-LAWS OF

 

MOODY POINT CONDOMINIUM ASSOCIATION, INC.

 

ARTICLE I - Articles of Agreement

 

The name of the corporation, the objects for which it is established, and the  nature  of the business to be transacted by it,  and the location of  its principal  place  and other places of business shall be as set  forth  in  the Articles  of  Agreement,  as  from time to time amended.   The powers  of  the Corporation  and  its Directors and members,  and all matters  concerning  the conduct and regulation of the business of the Corporation shall be subject  to such provisions in regard thereto,  if any,  as are set forth in such Articles of  Association,  and  such Articles of Association are hereby made a part  of these By-Laws.

 

ARTICLE II - Membership

 

Section 1. By-Laws Applicability

 

All  present  and  future  owners  of  condominiums  within  the  project designated Moody Point Condominium and as shown on a plan entitled "Final Site Plan,  Moody Point", Owner: Moody Point Company, Newmarket, NH, Revised August 1985  by  Frederick  E.  Drew Associates of record in  the  Rockingham  County Registry  of  Deeds  are  required to be members of the  association  and  are subject to the regulations set forth in these By-Laws.

 

Section 2.  Personal Applicability

 

The  acceptance of a deed or contract for any such condominium unit will signify that these By-Laws are accepted,  ratified,  and that there  will  be compliance with their terms and conditions.

 

By  the acceptance of said deed or contract hereinabove  set  forth,  all members  of  this Association are also required to become and agree to  become members  of the Moody Point Community Association,  which membership  and  the obligations incident thereto are separate and distinct from the membership and the obligations with respect to this Association.

 

Section 3.  Voting

 

Each  member  hereunder  shall  be entitled to one  (1)  vote  for each condominium unit owned.   If units are in multiple ownership, the owners shall designate  in  writing to the Secretary of this Association the  name  of  the person authorized to cast the vote for that unit.

 

ARTICLE III - Board of Directors

 

The  affairs of the Association shall be conducted by a board  consisting of seven (7) Directors.

 

Section 1.  Election

 

At  each  annual meeting,  subject to the  provisions of subparagraph 2 hereof,  the Owners shall elect a Board of Directors for the forthcoming year; provided,  however,  the  first  Board of Directors elected hereunder may  be elected  at  a special meeting duly called,  said Board of Directors to  serve until the first annual meeting held thereafter.  At least 30 days prior to any annual meeting,  the Board of Directors shall elect a Nominating Committee  of not  less  than three (3) owners,  and such committee shall recommend to  the annual  meeting one (1) nominee for each position on the Board of Directors to be  filled at that particular annual meeting.   Nominations for the  Board  of Directors may also be made from the floor at the annual meeting.

 

Section 2.  Term

 

Members  of  the Board of Directors shall serve for a term of  three  (3) years;  provided that three  (3) of the seven (7) of  the  first  Board  of Directors shall be elected to serve for a one-year term, two (2) members shall serve for a two-year term, and the remaining two {2) members shall serve for a three-year term.

 

Section 3.  Resignation and Removal

 

Any  member  of the Board of Directors may resign at any time  by  giving written notice to the President, and any member maybe removed from membership on  the Board of Directors by an affirmative vote of 2/3 of the Owners present at  a  meeting duly called for that purpose.   Whenever there  shall  occur  a vacancy  on the Board of Directors due to death,  resignation,  removal or any other cause, the remaining Directors shall elect a successor Director to serve until the next annual meeting of the Association,  at which time said  vacancy shall be filled for the unexpired term.

 

Section 4.  Power and Authority of Board of Directors

 

The  Board  of  Directors,  for the benefit of the condominiums  and  the owners, shall enforce the provisions hereof, and shall acquire and pay for out of the common expense fund hereinafter provided for the following:

 

A.  Water, sewer, garbage collection, snow removal, electrical, telephone and  gas and other necessary utility service for the common areas (and to  the extent not separately metered or charged to the units).

 

B.  A policy or policies of fire insurance as the same are more fully set forth in Article VIII of the Declaration,  with extended coverage endorsement, for  the full insurable replacement value of the units and the  common  areas, payable as provided in Article VII of said Declaration, or such other fire and casualty insurance as the Board of  Directors  shall  determine   gives substantially equal or greater protection to the Owners and their  mortgagees, as their respective interests may appear,  which said policy or policies shall provide  for a separate loss payable endorsement in favor of the mortgagee  or mortgagees of each condominium) if any.

 

C.  A  policy  or  policies as the same are more fully set  forth  herein insuring  the  of Board of Directors,  the Owners,  and the manager against any liability  to the public or to the owners (of units and of the  common areas, and  their  invitees or tenants) incident to the ownership and/or use  of  the condominium,  and  including  the personal liability exposure of  the  owners, incident  to  the  ownership and/or use of the condominium and including the personal  liability exposure of the owners,  incident to the ownership  and/or use  of the project.   Limits of liability under such insurance shall  not  be less  than  Three Hundred Thousand ($300,000) Dollars for any one  (1)  person injured  for  any  one (1) accident,  and shall not be less than  One  Hundred Thousand  ($100,000) Dollars for property damage each occurrence  (such  limits and  coverage  to be reviewed at least annually by the Board of Directors  and increased  in its discretion).   Said policy or policies shall be issued on  a comprehensive liability basis,  and shall provide cross liability  endorsement wherein  the rights of named insured under the policy or policies shall not be prejudiced  as  respects  his,  her,  or their action  against  another  named insured.

 

D. Workmen's Compensation Insurance,  to the extent necessary to comply with any applicable laws.

 

          E.  The services of a person or firm to manage its affairs (herein called "the Manager")  to the extent deemed advisable by the Board of  Directors  as well  as  such  other personnel or property as the Board  of  Directors  shall determine  shall be necessary for the operation of the common  areas,  whether such  personnel  are  employed  directly by the  Board  of  Directors  or  are furnished by the Manager.

 

F.  Legal and accounting services necessary or proper in the operation of the  common  areas or of the enforcement or defense of the provisions  of  the Declaration and/or these By-Laws.

 

G. Painting, maintenance, repair and all landscaping of the common areas, specifically  including  maintenance and repairs with respect to  the  parking areas  as designated within the condominium Declaration,  and such furnishings and  equipment for the common areas as the Board of Directors shall  determine are necessary and proper,  and the Board of Directors shall have the exclusive right and duty to acquire the same for the common  areas;  provided,  however, that  the interior surfaces and the wallboard of each unit shall be  painted, maintained  and repaired by the owner thereof,  all such maintenance to be  at the sole cost and expense of the owner.

 

H.      The maintenance, repair, replacement and  use of the sewer  system to the  extent  that  same is located outside of the units and not  operated  and maintained  by the Town of Newmarket and the water system to the  extent  that same  is located outside of the units  and not operated and maintained by  the private water company that owns portions of same.

 

I.        Any other materials, supplies, labor, services, maintenance, repairs, structural alterations,  insurance,  taxes,  or assessments which the Board of Directors  is  required  to secure or pay for pursuant to  the  terms  of  the Declaration or By-Laws, or which, in its opinion, shall be necessary or proper for  the  operation  of  the  common  areas or  for  the  enforcement  of  the Declaration,  provided  that if such  materials,  supplies,  labor,  services, maintenance, repairs, structural alterations, insurance, taxes, or assessments are  provided  for  particular units,  the cost  thereof  shall  be  specially assessed to the owner of such unit or units.

 

J.        Maintenance and  repair of any unit, if such maintenance or repair is reasonably  necessary in the discretion of the Board of Directors,  to protect the common areas or preserve the appearance and/or value of the  project,  and the  owner  or  owners  of said unit have failed or refused  to  perform  said maintenance  or  repair within a reasonable time after written notice  of  the necessity  of said maintenance or repair delivered by the Board  of  Directors shall  levy a special assessment against the unit of such owner or owners  for the cost of said maintenance or repair.

 

K.      The Board of Directors shall have the exclusive right to contract for all  goods,  services and insurance,  payment for which is to be made from the common expense fund.

 

          L.      To  assist  the  Board in the orderly conduct  of  the  Association's  business  and  proper enforcement of its Declaration and  By-Laws,  the  Board shall appoint the following committees:

         

                   (1)     Architectural Review Committee.  This committee shall consist of three (3) members appointed by the Board of Directors, and it shall review all proposed  plans  and/or  requests  for  additions,   alterations  and/or   new construction,  including those pertaining to the common areas, the condominium buildings,  and any other appurtenances relative to same.   No walls,  fences, pools,  terraces,  court  yards,  and/or gardens may be constructed or altered without  first having submitted a written request and receiving approval  from this committee.   Refusal of approval may be based upon any grounds, including purely aesthetic considerations.  Appeal from any such decision may be made to the  Board of Directors.   This committee shall set up such guidelines  as  it deems  necessary and appropriate,  and shall be responsible for notifying  all unit owners of said guidelines.

 

                   (2)     Budget Committee.  This  committee  shall consist of three  (3) members  appointed  by the Board of Directors,  and shall be  responsible  for drafting  the  proposed  annual budget for the  Association,  reviewing  all proposed  expenses,  and making recommendations to the Board of Directors with respect  to fixing the assessments and the method of collecting same  so  that the Association can best operate in an efficient and orderly manner.  It shall be  the  responsibility  of the Budget Committee,  or the Board  of  Directors should  there be no committee appointed,  to provide for an  adequate  reserve fund in the initial and any future budgets.  Said assessments should be set to include an amount for said reserve fund.

 

          Section 5.  Meeting of the Board of Directors

 

          Three (3) members of the Board of Directors shall constitute a quorum; and, if a quorum is present, the decision of a majority of those present shall be the act of the Board of Directors.   The Board of Directors shall  annually elect  all  of the officers of the Association as set forth in Paragraph V  of these By-Laws,  such officers to be elected from among the members of the Board of  Directors.   The meeting for the election of officers shall be held  at  a meeting  of  the  Board of Directors to be called  immediately  following  the annual  meeting of the association of owners.   Other meetings of the Board of Directors  may  be  called,  held,  and  conducted  in  accordance  with  such regulations as the Board of Directors may adopt.   The Board of Directors may also act without a meeting by unanimous written consent of its members.

 

Section 6.  Developer Powers and Functions

 

Until 75%  of the units have been sold,  or three (3) years from the date of  recordation  of the condominium  Declaration;  whichever  is  sooner,  the rights, duties and functions of the Board of Directors shall, at the option of the Declarant,  Walter W.  Cheney,  Inc.  be exercised by said Declarant.  The Declarant  shall have the option at any time within the time period set  forth above  to  turn over to the Association the responsibility of electing all  of the members of the Board of Directors.

 

ARTICLE IV - Meetings

 

          The presence at any meeting of the association of owners of 25% of owners in response to notice to all owners of record given  in accordance with Article IV 2 of these By-Laws shall constitute a quorum.   Unless otherwise  expressly provided  in  the Declaration,  any action may be taken at any meeting of  the association upon the affirmative vote of a majority of the owners present  and voting, provided that a quorum is present as provided for above.

 

Section 1.  Annual Meeting

 

There  shall be a meeting of the association during the month of  October of  each  year  at Cushing Road,  Newmarket,  New  Hampshire,  or  such  other reasonable  place or time (not more than 60 days before or after such date) as may  be designated by written notice of the Board of Directors,  delivered  to the owners not less than twenty-one (21) days prior to the date fixed for said meeting.   At  the  annual meeting,  the Board of Directors  shall  present  a statement of the common expenses, itemizing receipts and disbursements for the preceding fiscal year, and the estimated common expenses for the coming year with the allocation thereof to each owner.  Unless changed by vote of the Association at such annual meeting,  or at some subsequent duly  called meeting of the Association, the assessment presented by the Board of Directors and determined pursuant to Article VI of these By-Laws shall be the assessment for  the fiscal year,  subject to the provisions for additional assessment  by the Board of Directors pursuant to Article VI,  Section 1.A. of these By-Laws.  The fiscal year is hereby designated to be August 1 through July 31.  Within ten (10) day after the annual meeting, said statement shall be delivered to the owners not present at said meeting.

 

Section 2.  Special Meetings

 

Special  meetings  of the association may be called at any time  for  the purpose of considering matters which, by the terms of the Declaration, require the  approval  of  all or some of the owners,  or  for  any  other  reasonable purpose.   Said  meetings  shall  be called by written  not ice,  signed by a majority of the Board of Directors or by the owners having one-third (1/3) of the total votes delivered not less than fifteen (15) days prior to the date fixed for said meeting.   Said notices shall specify the date,  time and place of the meeting, and the matters to be considered thereat.

 

ARTICLE V - Officers

 

The  officers  of the association shall be a President,  Vice  President, Secretary  and  Treasurer.   The  offices of Secretary and  Treasurer  may  be combined  as  one (1) office.  All officers after the Developer shall  have relinquished  its power to exercise the rights, duties and functions  of  the Board  of Directors pursuant to Article III of these By-Laws, shall be owners of the condominium units in the project.  Officers shall be annually elected by, and may be removed and replaced by, the Board of Directors.  Any officers or other individuals responsible for any association funds shall be subject to Fidelity  bond  coverage  in  a  minimum amount  equal  to  three  (3)  months assessments on all units, plus any reserve funds.

 

Section 1.  President

 

The President shall preside at all meetings of the association and of the Board  of Directors,  and may exercise the powers ordinarily allocable to  the presiding officer of an association,  including the appointment of  committees not appointed by the Board of Directors.

 

          Section 2.  Vice President

 

The  Vice  President shall perform the functions of the President in  the absence or inability of the President.

 

Section 3.  Secretary

 

          The  Secretary  shall  keep minutes of all proceedings of  the  Board  of Directors  and of the meetings of the association,  and shall keep such  books and  records  as  may  be necessary and appropriate for  the  records  of  the association and its Board of Directors.

 

          Section 4.  Treasurer

         

          The  Treasurer  shall  be  responsible for  the  fiscal  affairs  of  the association,  but  may  delegate  the  daily handling of  income  and  expense payments to the authorized manager of the condominiums.

 

ARTICLE VI - Common Expenses

         

          Section 1.  ASSESSMENTS      

 

          A.  Within  thirty (30) days prior to the Annual Meeting, the  Board  of Directors, acting in conjunction with the Budget Committee, shall estimate the net  charges  to  be paid during the following year  (including  a  reasonable provision  for working capital,  contingencies and replacements,  and less any expected  income  and  any surplus from the  prior  year's  operation).   Said estimated  cash  requirement shall be assessed to the owners pursuant  to  the percentages  set forth in the Declaration.  The declarant shall be responsible for assessments against all unsold units from the date of the recording of the declaration at the registry of deeds,  whether or not said units are completed or  started.   Provided,  however,  that the share of the common expenses  and common profits attributable to any unit declared to have been untenantable for over  60  days  because  of damage due to casualty or fire  by  the  Board  of Directors  of  the  Association of Unit Owners,  shall be  abated  until  said untenantable  unit is determined to be tenantable by the Board  of  Directors. During such periods of abatement,  the share of the common expenses and common profits  attributable to such unit or units shall be prorated  and borne among the  remaining completed units in the shares which their shares in the  common areas  bear to each other.   In the event of foreclosures by an  institutional mortgagee  holding a mortgage constituting a first lien on a unit  within  the condominium, said mortgagee shall be exempt from payment of any assessment due prior  to  foreclosure.   Said delinquent assessments may be reallocated as  a common expense payable by all unit owners.

 

          If  said sum estimated proves inadequate for any reason,  including  non-payment of any owner’s assessment, the Board of Directors may at any time levy a further assessment, which shall be assessed to the owners in like proportions, unless otherwise provided herein.  Each  owner shall be obligated to pay assessments made pursuant to this paragraph to the Board of Directors in equal monthly installments on or before the first day of each month during such year or in such other reasonable manner as the Board of Directors shall designate

 

          B.  The rights,  duties and functions of the Board of Directors set forth in  this  paragraph shall be exercised by the Declarant for the period  ending thirty (30) days after the election of the first Board of Directors hereunder.

 

          C.  The  omission by the Board of Directors before the expiration of  any year, to fix the assessments hereunder for that or the next year, shall not be deemed  a  waiver  or modification in any respect of  the  provisions  of  the Declaration  or  a  release  of  the owner from  the  obligation  to  pay  the assessments  or any installment thereof for that or any subsequent  year,  but the  assessment  fixed  for  the preceding year shall  continue  until  a  new assessment  is  fixed.   Amendments to this paragraph shall be effective  only upon unanimous written consent of the owners and their mortgagees.   No  owner may  exempt  himself  from liability for his contribution towards  the  common expenses  by waiver of the use or enjoyment of any  of the common areas or  by abandonment of his unit.    

         

          D.      The  manager  or Board of  Directors shall  keep  detailed,  accurate records in chronological order of the receipts and expenditures affecting  the common areas,  specifying and itemizing the maintenance and repair expenses of the  common areas, and any other expenses incurred.   Records  and  vouchers authorizing  the  payments involved (and all current documents  and  financial statements)   shall   be  available for  examination  by  any  owner   and/or institutional  mortgagee holding mortgages constituting first liens  on  units within the condominium upon request and during normal business hours.

         

          Section 2.  Default in Payment of Assessments

 

          Each  monthly  assessment and each special assessment shall be  separate, distinct,  and  personal debts and obligations of the owner against  whom  the same are assessed at the time the assessment is made, and shall be collectible as such.  Suit to recover a money judgment for unpaid common expenses shall be maintainable without foreclosing or waiving the lien securing the same.  Each assessment not paid when due shall accrue a late charge in the amount of $15.  Ten (10) days after the due date, unit owners will be notified in writing by certified mail of the delinquency, at which time an additional fee of $25 will be assessed against said account.  Thirty (30) days after the due date, a lien will be placed against the unit.  Thereafter, interest at the rate of 18% per annum  shall be assessed.   The amount of the assessment,  whether regular  or special,  assessed  to the owner of any condominium,  plus fees as herein  set forth,  and  costs including reasonable attorneys' fees,  shall become a  lien upon  such condominium upon recordation of a notice of assessment by the Board of  Directors.   The  said lien for nonpayment of common expenses  shall  have priority  over  all  other liens and  encumbrances,  recorded  or  unrecorded, except:

 

                   (1)     Tax and  special assessment  liens on  the unit in favor  of any assessing body and special district                       and

 

                   (2)     All sums unpaid on a first mortgage of record on the unit.

 

          All or any of the above late fees may, in the discretion of the Board of Directors, be waived for good cause shown.

 

          A  certificate  executed and acknowledged by a majority of the  Board  of Directors  stating the indebtedness secured by the lien upon  any  condominium created  hereunder  shall  be conclusive upon the Board of Directors  and  the owners  as to the amount of such indebtedness on the date of the  certificate, in favor of all persons who rely thereon in good faith,  and such  certificate shall   be  furnished  to  any  owner  or  any  encumbrancer  or   prospective encumbrancer  of a condominium upon request at a reasonable fee not to  exceed $10.   Unless  the request for a certificate of indebtedness shall be complied with,  within ten (10) days, all unpaid common expenses which become due prior to  the  date of the making of such request shall be subordinate to  the  lien held by the person making the request;  or,  in the case of a purchaser,  such purchaser  shall  take title free and clear of such  lien.   Any  encumbrancer holding  a  lien on a condominium may pay any unpaid common  expenses  payable with  respect to such condominium,  and upon such payment,  such  encumbrancer shall have a lien on such condominium for the amounts paid of the same rank as the lien of his encumbrance.

 

          Upon payment of a delinquent assessment concerning which such certificate has been so recorded,  or other satisfaction thereof, the Board of  Directors shall  cause  to  be  recorded  in  the same  manner  as  the  certificate  of indebtedness a further certificate stating the satisfaction and the release of the lien thereof.   Such lien for nonpayment of assessment may be enforced  by sale  by  the  Board  of  Directors or by a bank or  trust  company  or  title insurance  company  authorized  by the Board of Directors,  such  sale  to  be conducted in accordance with the provisions of law applicable to the  exercise of  powers  of  sale or foreclosure in deed of trust or mortgages  or  in  any manner permitted by law.  In any foreclosure sale, the owner shall be required to  pay  the costs and expenses of such proceedings and reasonable  attorneys'  fees.

 

ARTICLE VII - Audit

 

          Any owner and/or institutional mortgagees holding mortgages  constituting first liens on units within the condominium may at any time, at his or its own expense,  cause  an audit or inspection to be made of the books and records of the manager or Board of Directors.   The Board of Directors, at its discretion and  as  a  common  expense,  may obtain an audit of  all  books  and  records pertaining to the condominium and furnish copies thereof to the owners.

 

ARTICLE VIII - Restrictions and Requirements

 

          These restrictions and requirements regarding the use and maintenance  of the  units  and  common  areas and facilities are in keeping  with  and/or  in addition to those imposed by the Declaration, and are as follows:

 

A.     Each unit owner  shall be required to clean,  repair and replace  all glass,  outside  lights,  outside water and electrical outlets,  and all doors appurtenant to his unit,  although such glass,  outside lights,  outside water and electrical outlets and doors may be common areas.

 

B.      Each unit  owner shall have the right,  at his own expense,  to paint and repaint,  tile,  wax,  paper, or otherwise refinish and decorate the inner surfaces of the walls, floors, ceilings and doors bounding his unit.

 

C.      Each unit owner shall immediately notify the Board of Directors, or a member thereof,  of any damage to or malfunction of any pipe,  wire,  or other utility installation which is a common area within his unit.

 

D.      Each  unit owner shall,  at his own expense,  keep the limited common areas appurtenant to his unit in a clean and sanitary condition.   All rubbish and  trash  shall  be  deposited in an area dumpster to  be  provided  by  the association.

E.      No  unit  owner shall,  without first applying to and obtaining the written  consent of the Architectural Review Committee,  make or permit to  be made  any structural alteration in or to his unit or in or to any part of  the building  housing his unit or to the common areas.   Nor shall any unit  owner take  any  action,  or permit any action to be taken,  that  will  impair  the structural soundness or integrity or safety of any building or other structure in  the  condominium  development,  without first applying  to  and  obtaining written consent of said committee.

 

F.      No  unit owner shall paint or decorate any portion of the exterior of any  building or other structure in the condominium development or any  common area or limited common area therein,  without first applying to and  obtaining the written consent of the Architectural Review Committee.

 

G.      No unit-owner shall post,  or allow to be posted, any advertisements, signs,  notices  or  posters of any kind in or on any part of the  condominium property  other than on a bulletin board provided by the association for  that purpose.

 

H.      All pets, whenever they are outside of its owner's unit, shall be on a  leash or otherwise suitably restrained.   No pets shall be allowed by their owners  to  become a nuisance or otherwise interfere with  any  other  owner's peaceful  enjoyment  of  his unit and/or the common  areas.   Complaints  with respect  to  pet problems shall be directed to the Board  of  Directors  which shall notify the owner of this violation.  If this problem is not corrected to the  Board's  satisfaction,  the  Board shall have the right to  proceed  with having said pet removed from the premises.

 

          In  addition thereto,  all pet owners shall be required to register their pet with the Board of Directors,  and shall also be required to pay a  special annual  assessment  of $50,  said sum to be used specifically for payment of  damages   caused  by unidentified pets.   There shall be a maximum of  two  (2) household  pets per unit,  unless special exception is applied for and granted by the Board of Directors.  The initial annual assessment shall be paid for at transfer of ownership of said unit.   Annual assessment billing for pet owners shall be determined by the Board of Directors as to date of billing, due date, and any late fees which may accrue.

 

          I.    No  person  shall cause  or permit anyone else to do  anything  which would  interfere with the rights,  comforts,  convenience of other persons  or which would injure or damage any part of the condominium.      

 

          J.    The  association shall have the irrevocable right to be  reasonably exercised  by the Board of Directors or its agents,   to enter any unit  when necessary  in  connection  with  any  repair,   maintenance,   landscaping  or construction  for which the Board of Directors is responsible,  and shall have the irrevocable right, to be reasonably exercised by the Board of Directors or its  agents,  to  enter  any  unit for purpose  of  making  emergency  repairs necessary  to  prevent damage to other parts of the  condominium  development. Such  entry shall be made with as little   inconvenience to the unit owner  as practicable,  and  any  damage  caused  thereby,  or  expenses  in  connection therewith, shall be repaired or satisfied by the Board of Directors out of the common expense fund.

 

          K.      No window-mounted air conditioning units shall be allowed.

 

          L.      Each  unit  owner  shall be responsible within ten  (10)  days  after occupancy to properly dress all windows and glass door units with  draperies, curtains,  or  other  acceptable window coverings such as shades  and  blinds. Blankets, sheets, and material remnants will not be acceptable.

         

          M.     There  shall  be  no  discharging  of  firearms  within  any  of  the condominium  areas,  specifically including,  but not limited to,  all  common areas.

 

          N.      No  vehicles shall be used on any common areas,  except as  means  of ingress  or  egress on roadways only.   Provided,  further,  that no off  road recreational vehicles,  specifically including without limiting, snow machines three-wheeled vehicles,  so-called dirt and mini-bikes,  or other recreational vehicles, shall be driven on said roadways or on any of the common areas.

 

          O.      The units  shall be heated with the heating system provided with  the unit.   No other wood,  coal,  gas, kerosene or other combustible supplemental heating system or equipment shall be allowed.

 

          P.      The  association shall comply with  and be responsible for enforcing  all  reservations,  covenants,  and restrictions placed upon  the condominium property by the Declarant.

 

ARTICLE IX - Amendments

 

          These By-Laws,  except as otherwise provided herein,  may be amended by a vote  of 2/3 of the unit owners and consent of 51% of institutional mortgagees holding  mortgages constituting first liens on units within  the  condominium. Such amendment shall  be effective upon the recording in the office  of  the Registry of Deeds of Strafford County, State of New Hampshire,  an instrument of  amendment  in writing, acknowledged and recorded  as  provided  by  New Hampshire RSA 356-B, subject to the following:

 

          A.     Notice  of  the  subject  matter of a  proposed  amendment  shall  be included in the notice of any meeting at which the proposed amendment is to be considered.

 

          B.      No  amendment  shall  change any unit or share of  the  common  areas appurtenant  to such unit,  or increase an owner's share in the common  areas, except such rights as are otherwise reserved to the Declarant under the option to  expand  or the rights relative to the convertible  land,  unless  all  the record owners of the units,  whether the same be built or unbuilt, and all the record owners of mortgages thereon,  shall join in the execution of the amend­ment;  however, anyone dealing with the association or attempting to establish title to a particular unit,  in the absence of actual knowledge or discrimina­tion  on the part of the association,  may conclusively rely upon the validity and  legality  of any amendment of these By-Laws recorded  in  the  Rockingham County  Registry  of  Deeds if said amendment  is  signed,  acknowledged,  and recorded in compliance with RSA 356-B.

 

          The  foregoing were adopted as the By-Laws of the Moody Point Condominium Association,  Inc.,  a  voluntary corporation organized under the laws of  the State of New Hampshire, at the first meeting of the Board of Directors held on (October 27)_____1988

 

APPROVED

 

(L/S)   _(Diane M. Langlois)_______             (L/S)       (June M. Barry)_______________

President                                                                  Secretary Pro Tempore