ANTARES HOMEOWNERS ASSOCIATION
BYLAWS
PAGE 2
ARTICLE II (cont.)
Class B. The Class B Member is Declarant. The Class B Member is entitled to three (3) votes for each Condominium owned by Declarant and subject to assessment, provided that the Class B Membership shall cease and be converted to Class A Membership immediately upon the first to occur of the following events:
(l) The second anniversary of the first Close of Escrow in the most recent Phase; or
(2)The fourth anniversary of the first Close of Escrow in Phase I.
All voting rights are subject to the Restrictions. Except as provided in Article XIV of the Declaration and Section 4.8 of these Bylaws, any provision of the Restrictions which requires the vote or written consent of a specified percentage of the Association's voting power before action may be undertaken (i.e., other than,.actions requiring merely the vote or written consent of a majority of a quorum) requires the approval of such specified percentage of (a) each class of Membership so long as a Class B Membership exists, and (b) both the Association's total voting power and the Association's voting power residing in Members other than Declarant.
2.2. Majority of Quorum.
Unless otherwise provided in the Restrictions, any action which may be taken by the Association
may be taken by a majority of a quorum of the Members.
2.3. Quorum.
Except as otherwise provided in these Bylaws, the presence in person or by proxy of at least
twenty-five percent (25%) of the Association's voting power constitutes a quorum of the
Members~p. Members present at a duly called or held meeting at which a quorum is present
may continue to do business until adjournment, notwithstanding the withdrawal of enough
Members to leave less than a quorum, if any action taken (other than adjournment) is approved
by at least a majority of the Members required to constitute a quorum. If a meeting is actually
attended, in person or by proxy, by Members having less than one-third (113rd) of the
Association's voting power, then no matter may be voted upon except such matters notice of the
general nature of which was given pursuant to Section 3.5 hereof. No action by the Members on
any such matter is effective if the votes cast in favor are fewer than the minimum number of
votes required by the Restrictions to approve such an action.
2.4. Proxies.
Votes may be cast in person or by proxy. Proxies must be in writing and filed with the Secretary
in advance of each meeting. Every proxy is revocable and automatically ceases after completion
of the meeting for which the proxy was filed. Any form of proxy or written ballot distributed by
any person to the Members must afford the opportunity to specify a choice between approval and
disapproval of each matter or group of matters to be acted upon, except it is not mandatory that a