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.� . <br /> . ' ' � <br /> shall be owned, used, occupied, and conveyed subject to the covenants, restrictions, ease nts, • <br /> charges, and liens set farth herein, all of which shalt be binding upon all Persons own' g or <br /> . acquiring any right, title, or interest therein, and their heirs,personal representatives, succes ors, <br /> and assigns. <br /> SECTION 1 <br /> i . <br /> � � DEFlN1TIONS <br /> The following words when used in the Governing Documents shali have the following me 'ngs <br /> (unless xhe context indicates otherwise): <br /> ; <br /> 1.1 "Act" means Minnesota Statutes Chapter 5�]SB, known as the Minn ota <br /> Common Interest Ownership Act,as amended. ' <br /> 1.2 "Assessments" means and refers to all assessments levied by the Associ ion <br /> pursuant to Section 6 and pursuant to the Act,including,but not limited to,an ual <br /> assessments, special assessments,and limited assessments. <br /> 1.3 "Association" means the Stonebay of Orono Condominium Associatio , a <br /> nonprofit corporation which has been created pursuant to Minnesota Sta tes <br /> • Chapter 317A and Sectian S15B.3-101 of the Act, whose members consist o all <br /> j �wners. <br /> � 11.4 "Board" means the Board of Directors of the Association as proyided for.in the <br /> Bylaws. � <br /> 1!5 "Buildins" means each stn,cture which is or becomes a part of the Property nd <br /> which contains at least one Unit. <br /> l;6 "Bylaws" means the Bylaws governing the operation of the Association,, as <br /> ' amended from time to time. <br /> � 1.7 "Citv„means the city of Orono, Minnesota. <br /> 1.�8 "Common Elements" means ali parts of the Property except the Units, includ ng <br /> al] improvements thereon. <br /> 1.9 "Common Expenses"means all expenditures made or liabilities incurred by or on <br /> ! behalf of the Association and incident to its operation, including Assessments 'nd <br /> items otherwise identified as Common Expenses in the Governing Documents. <br /> 1.10 "Condominium" means the condominium created by this Declaration and kno n <br /> ' as Stonebay of Orono Condominium. <br /> 1.11 "Declarani Control Period"means.the time period during which Declarant has he <br /> I exclusive right to appoint the members of the Board,as described in Section !6. <br /> MP�S-wo�d 9�28�.�t 2 <br />