Purchase by Association. The Livestock supplied by the Association will be purchased by the Association, and may be obtained from auction markets, licensed livestock dealers, other third party vendors, or the Member.
Purchase by Association. The Association, acting on behalf of the Condominium Owners, shall have the power to bid for the Condominium at a Foreclosure sale, and to acquire and hold, lease, mortgage and convey the Condominium. If the purchase of a Condominium would result in a five percent (5%) or greater increase in Assessments, the purchase shall require the vote or written consent of a majority of the total voting power of the Association, including a majority of Members other than Declarant. During the period a Condominium is owned by the Association, following Foreclosure:
(1) no right to vote shall be exercised on behalf of the Condominium;
(2) no Assessment shall be assessed or levied on the Condominium; and
(3) each other Condominium shall be charged, in addition to its usual Assessment, its share of the Assessment that would have been charged to such Condominium had it not been acquired by the Association as a result of Foreclosure. After acquiring title to the Condominium at Foreclosure sale following notice and publica-tion, the Association may execute, acknowledge and record a deed conveying title to the Condominium which deed shall be binding upon the Owners, successors, and all other parties.
