Section 1. Members. Every Owner of a Horne Site which is subject to assessment shall be a member of the Association. Membership shall be appurtenant to and may not be separated from ownership of any Home Site.
Section 2. Voting Rights. The voting rights of the membership shall be appurtenant to the ownership of the Home Sites. There shall be two classes of Home Sites with respect to voting rights:
(a) Class A Home Sites. Class A Home Sites shall be all Home Sites except Class B Home Sites as the same are hereinafter described. Each Class A Home Site shall entitle the Owner(s) of said Home Site to one (1) vote. When more than one person owns an interest (other than a leasehold or security interest) in any Home Site, all such persons shall be Members and the voting rights appurtenant to said Home Site shall be exercised as they, among themselves; determine.
(b) Class B Home Sites. Class B Home Sites shall be all Home Sites owned by Decrement which have not been converted to Class A Home Sites as provided in paragraphs (1) or (2) below. The Decrement shall be entitled to three (3) votes for each Class B Home Site owned by Decrement.
The Class B Home Sites shall cease to exist and shall be converted to Class A Home Sites:
(1) When the total number of votes appurtenant to the Class A Home Sites equals the total number of votes appurtenant to the Class B Home Sites; or
(2) On January 1, 2000, whichever event shall first occur.
When the Class B Home Sites cease to exist and are converted to Class A Home Sites, Declarant shall have the same voting rights as other owners of Class A Home Sites.
Section 3. Amendment. Notwithstanding the provisions of Section 2 above, so long as Decrement, or any of tile present general partners of Decrement, own any one (1) Home Site, this Declaration and the Bylaws of tile Association may not be amended without its written consent.
Section 4. Board of Directors. The Association shall be governed by a Board of Directors (the “Board of Directors”) in accordance with the Bylaws. Notwithstanding the provisions of Section 2 above, the Decrement shall have the right to appoint or remove by written notice to the Board of Directors any member or members of the Board of Directors or any officer or officers of the Association until such time as the first of the following events occurs:
(a) Class B Home Sites cease to exist and are converted to Class A Home Sites;
(b) Declarant surrenders tile authority to appoint and remove members of tile Board of Directors and officers of the Association by an express amendment to this Declaration executed and recorded by the Declarant; or
(c) January 1, 2000.