Section 1.  Annexation of additional property shall require the assent of two-thirds (2/3) of the members at a meeting duly called for this purpose, written notice of which shall be sent to all members not less than thirty (30) days nor more than sixty (60) days in advance of the meeting setting forth the purpose of the meeting. The presence of members or of proxies entitled to cast sixty percent (60%) of the votes of the membership shall constitute a quorum. If the required quorum is not forthcoming at any meeting, another meeting may be called, subject to the notice requirement set forth above, and the required quorum at such subsequent meeting shall be one-half (1/2) of the required quorum of the preceding meeting. No such subsequent meeting shall be held more than sixty (60) days following the preceding meeting. In the event that two-thirds (2/3) of the membership are not present in person or by proxy, members not present may give their written assent to the action taken thereat.

 

Section 2. If, prior to July 1, 1978, the Declarant, its successors or assigns, should develop additional lands within the area described in those certain real estate contracts by and between Frank J. Levar and Patricia E.  Levar, his wife, as sellers and Seaport Choice, Inc. as purchasers, P. D. Manicke and Rose M. Manicke, his wife, as sellers and Sidney J. Hendricks as purchaser, Ida G. Garbanat as seller and Seaport Choice, Inc. as purchasers, and Robert H. Martin, Marcella J. Martin, his wife, as sellers and Seaport  Choice, Inc. as purchasers, and recorded under auditor's file numbers 6391625, 6388632, 6394420, and 6401380 respectively, of the records of King County, such additional lands may be annexed to said Properties without the assent of the members; provided, however, that the development of the additional lands described in this section shall be approved by the Federal Housing Administration. Detailed plans for the development of additional lands must be submitted to the Federal Housing Administration prior to such development. If the Federal Housing Administration does not approve such plans and so advises the Association and the Declarant, its successors or assigns, the development of the additional lands must have the assent of two-thirds (2/3) of the members-who are voting in person or by proxy at a meeting duly called for this purpose, written notice of which shall be sent to all members not less than 30 days nor more than 60 days in advance of the meeting setting forth the purpose of the meeting. At this meeting, the presence of members or of proxies entitled to cast sixty percent (60%) of all of the votes of the membership shall constitute a quorum. If the required quorum is not forthcoming at any meeting, another meeting may be called, subject to the notice requirement set forth above, and the required quorum at any such subsequent meeting shall be one-half (1/2) of the required quorum at the preceding meeting. No such subsequent meeting shall be held more than 60 days following the preceding meeting.