Common use of Membership Qualifications Clause in Contracts

Membership Qualifications. By virtue of and through incorporation, every legally registered owner of one or more lots or parcels, which have either direct or indirect access to the private road known as Xxxxxx Lake Point at the time of incorporation shall become Members of the Corporation and shall be subject to all current rules, regulations, by-laws, and restrictions as well as any amendments or changes to the by-laws that may be approved by the voting body of the Corporation (Reference Addendum A for a complete legal description of incorporated properties). Members rights, privileges, benefits and obligations associated with said Membership are governed by this document. All Corporation dues and voting rights shall be based upon tax identification numbers as maintained by Xxxxxx Township.