Article 3 - Members and Classes of Membership
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Section 1
Section 2
Section 3
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Section 1. Membership in the Association shall be as follows:
COVENANT MEMBERSHIP: Covenant Membership is incident to the ownership of a building site or residence in Kellart Lake Subdivision, or in any addition thereto, pursuant to the covenants set forth in the recorded plats thereof. The owner or owners of record of each such building site or residence shall automatically be a Covenant Member of the Association. Any person who is the owner of more than one such building site and/or residence shall have one Covenant Membership for each such site and/or residence.
TENANT MEMBERSHIP: Tenant Membership is incident to the rental, lease, or purchase through contract for deed, of a residence in Kellart Lake Subdivision. Tenant Membership can only be created through the rental, lease, or purchase through contract for deed of an existing residence.
The rental, lease, or sale via contract for deed of a vacant lot does not create any membership rights nor does it confer any lake use privileges to the renter, leaser, or purchaser via contract for deed.
Section 2. On transfer of ownership of any building site or residence, transferee shall automatically succeed to the class membership in the Association applicable to such building site or residence. No transfer, however, shall operate to relieve the transferor or the premises transferred from liability for obligations incident to the membership, accrued to the date of transfer.
Section 3. VOTING RIGHTS OF MEMBERS. Covenant Members of the Association in good standing shall be entitled to vote in person or by proxy at any meeting of the Association on any proposition or question.
Tenant Members of the Association shall have no voting rights.