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-� -� AMENDED BY-LAWS OF OWAS,SO RIlpGE HOMEOWNERS ASSOCIATION, INC. SECTION 1 GENERAL The following are the By-Laws of Owasso Ridge Homeowners Association, Inc., a Minnesota nonprofit corporation (the "Association"). The Association is organized for the purpose of operating and maintaining the eight lots in Owasso Ridge Addition, as more fully described in the Declaration of Covenants, Conditions, and Restrictions. SECTION 2 MEMBERSHIP 2. 1 Owners DeY7ned. All Persons who are owners of lots in Owasso Ridge Addition, except Lot 8, shall be members of the Association. No person shall be a member solely by virtue of holding a security interest in a lot. A person shall cease to be a member at such time as that person is no longer an owner. 2.2 Reeistration of Owners and Occupants. Each Owner shall register with the Association, in wnttng, within 30 days after taking title to a Lot, (i) the name of the Owner and the Occupants of the lot (ii) the nature of such Owner's interest or estate in each Lot owned; (iii) the address at which the Owner desires to receive notice of any meeting of the Owners, if other than the Lot address; (iv) the name and address of any secured party holding a first mortgage on the Unir, (v) the name of the Owner, if there are multiple Owners of the Lot, who shall be authorized to cast the vote with respect to the Lot. The Owner shall have a continuing obligation to advise the Association in writing of any changes in the foregoing information. 2.3 Transfers. The interests, rights and obligations of an Owner in the Association may be assigned, pledged, encumbered or transferred, but only along with and as a part of the tide to the Owner's Lot or as otherwise specitically authorized by law. SECTION 3 VOTING 3. 1 En[itlement. Each Iot shall be aliocated one vote. 3.2 Authoritv to Cas[ Vote. At any meeting of the Owners, an Owner included o� the voting register presented by the Secretary in accordance with Section 4.6, or the holder of such Owner's proxy, shall be entitled to cast the vo�e which is allocated ro the Lot owned by the Owner. If there is more than one Owner of a Lot, only one of the Owners may cast the voce. [f the Owners of a Unit fail to agree as to who will cast the vote, or fail to regis[er pursuant to Section 2.2, the vote shail not be cast.