Special Project Oversight Committee (SPOC) Report #1

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BYLAWS OF COURTHOUSE SQUARE CONDOMINIUM Exhibit "B" to Courthouse Square Condominium Declaration ARTICLE I PLAN OF UNIT OWNERSHIP 1. UNIT OWNERSHIP. The Condominium, located in Marion County, Oregon, known as the Courthouse Square Condominium, is submitted to the provisions of the Oregon Revised Statutes, Section 100.005 et sec., the Oregon Condominium Act. 2. BYLAWS APPLICABILITY. The provisions of these Bylaws are applicable to the Condominium, the owners' association and the entire management structure thereof. (The term "Condominium" as used herein shall include the land). 3. PERSONAL APPLICATION. All present or future owners, ~ tenants, future tenants or their employees, or any other person who might use the facilities of the Condominium in any manner, are subject to the regulations set forth in these Bylaws. The acquisition, occupancy or rental of any of the units of the Condominium or the mere act of occupancy of any such units will constitute acceptance and ratification of these Bylaws and agreement to comply with all the provisions hereof. 4. DEFINITIONS. Except as otherwise provided below, the terms herein shall have the meaning set forth in the Oregon Condominium Act, ORS 100.005 et sec., as supplemented by the Declaration, and said statute and definitions are incorporated herein by this reference. ~, ARTICLE II ASSOCIATION r~MBERSHIP, VOTING, MA~TORITY OF OWNERS, 4UORUM, PROXIES 1. MEMBERSHIP IN THE ASSOCIATION. Upon recordation of a conveyance or contract to convey a unit, the grantee or purchaser named in such conveyance or contract shall automatically be a member of the Association, and shall remain a member of the Association until such person's ownership ceases for any reason. For all purposes of the Condominium Declaration ("Declaration"), ~ and the administration of the property, unit ownership shall be ~ BYLAWS OF COURTHOUSE SQUARE CONDOMINIUM PAGE - 1