There are no shares of any class of stock and membership is governed by said Declaration of Covenants.
Dedication of The Common Properties or transfer of function is permitted only as authorized under said Declaration of Covenants.
The corporation shall exist perpetually.
The corporation may be dissolved only with the assent given in writing and signed by the members entitled to cast two-thirds (2/3) of each class of its membership. Written notice of a proposal to dissolve, setting forth the reasons therefor and the disposition to be made of the assets (pursuant to Article VII hereof) shall be mailed to every member at least ninety (90) days in advance of any action taken.