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6.3 . Prohibition Against Mort *~,a Pc, ~y~ing in the Declaration or Bylaws to the contrary notwithstanding, no Unit 'owner shall place or suffer to be placed upon the common elements any lien, mortgage, trust deed, contract, security interest or other hypothecadon or interest of any kind without the unanimous consent of Unit owners. A Unit owner, however, shall be entitled to grant a lien, mortgage, trust deed, contract, security interest or other hypothecation on any or all Units owned by such Unit owner, indirectly including the Unit owner's undivided interest in the common elements appertaining to such Units. ~ _ 6.4 Transit Continuin~ Control. Anything in the Declaration or Bylaws to the contrary notwithstanding, no Unit owner (in its capacity as a Unit owner and exclusive of the exercise by a Unit owner of its police power in a manner generally applicable to the public), shall have the right to burden or interfere with the operation of du transit system by the Salem Area Mass Transit District in a manner reasonably consistent with usual and customary practices of transit system operations, or to burden, interfere with or prevent access to, or ingr~ss to and egress from, any Uait held by the Salem Area Mass Transit District Notwithstanding any provision of the Declararion or the Bylaws to the contrary, this Section 6.4 may not be amended without the approval of the Salem Area Mass Transit District and the Federal Transit Administ~ation, or the successors to their governmental authority. 7. BYL-AWS: ASSOCLA'~ON• ANAGEI~~h''~ 7.1 Adoption of Bylaws. In behalf of the Association, the Declarant hereby adopts the Bylaws attached hereto as Exhibit "A" to govern the administration of the Condominium. The Bylaws shall be effective upon the execution and recording of this Declaration. . 7.2 Association of Unit Owners• Mem rshin. Pursuant to the authority granted in ORS Ch. 190, each owner of a Unit in the Condominium shall be a member of the Association; and membership therein shall be limited to Unit owners only. The Association of Unit Owners, which shall be organized upon the recording of the Declaration and Bylaws, shall serve as a means through which the Unit owners may take action with regard to the administcation, management and operation of tlie Condominium. The Association of Unit Owners shall be an unincorporated association, subject in certain respects to Chapter 190 of the Oregon Revised Statntes, nnless the Association, npon majority vote of its Board of Directors, chooses to incorporate undex the nonprofit corporation laws of the StaCe of Oregon. The Association shall operate under the name COURTHOUSE SQUARE CONDONIINIIJM ASSOCIATION OF UNTT OWNERS. If the Association is subse~uendy incorporated, the name of the Association shall include the complete name of the Condominium and shall be as close to the present name as is possible. 7.3 ManaQemenr. Bo~r~ of Directors. The affairs of the Association shall be govemed by a two (2) member Board of Directors as provided in the Bylaws. The Boazd of Directors shall elect officers consisting of a Chairinan, Secretary and Treasurer. Pursuant to the provisions of the Bylaws and the Oregon Condominium Act, the Board of Directors may adopt administrative Rules and Regulations governing d~tails of the operation, maintenance and use of the Condominium property. The Board of - -- Directors may contract wiit6 a professionai manager or management firm w manage the affairs of the Association. The owners may designat~ any Unit owner to manage the Associadon. If so designated, such owner may use its own departments, personnel and equipment in carrying out such management, and shall be enritled to receive its out-of-pocket costs and to charge the Association a reasonable chazge for providing services througb or by its own departments~ personnel and equipmenL ~ 7.4 Interim Board ~nd Offic~. The Declarant has reserved control over the administration of the Associarion by reserving the right in the Bylaws to appoint a two (2) member interim Boazd of Directors to manage the Condominium until the turnover meeting. The two (2) members of the interim board shall also serve as the interim Chairman, Secretary and Treasurer. The turnover meeting (which shall constitute the initial organizational meeting) shall be held not later than thirty (30) days following the recordation of the Declaration. The turnover meeting shall be called by notice to all unit owners of the time, place and purpose thereof not less than seven (7) nor more than twenry (20) days before the Condominium Declaration Page - 6 1026980258 t~