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.� . . , . I shall be owned, used, occupied, and conveyed subject to the covenants, restrictions, easem ts, • charges, and liens set farth herein, ail of which shall be binding upon all Persons ownin or acquiring any right, title, or interest therein, and iheir heirs,personal representatives, success rs, and assigns. SECTIfJN 1 ' - � DEFlN1TIONS The follqwing words when used in the Governing Documents shall have the following meani gs (unless t}�e context indicates otherwise): ].1 "Act" means Minnesota Statutes Chapter 5•I SB, known as the Minne ota , Common lnterest Ownership Act,as amended. � ]�2 "Assessments" means and refers to all assessments levied by the Associa ion pursuant to Section 6 and pursuant to the Act,including,but not limited to,an ual assessments,special assessments, and limited assessments. 1�3 "Association" means the Stonebay of Orono Condominium Association a nonprofit corporation which has been created pursuant to Minnesota Sta tes - Chapter 317A and Section S15B.3-101 of the Act, whose members consist o all Owners. i.4 "Board" means the Board of Directors of the Association as proyided for.in the Bylaws. 1!5 `BuildinQ" means each structure which is or becomes a part of the Property nd which contains at least one Unii. 1.,6 "Bylaws" means the Bylaws governing the operation of the Association, as ' amended from time to time. � I.7 "Citv„means the city of Orono, Minnesota. l.j8 "Common Elements" means all parts of the Property except the Units, includ ng al] improvements thereon. 1.9 "Common Expenses" means all expenditures made or liabilities incurred by or on I behalf of the Association and incident to its operation, including Assessments nd ' itemsotherwise identified as Common Expenses in the Governing Docvments. 1.,10 . "Condominium" means the condominium created by this Declaration and kno n !, as Stonebay of Orono Condominium. 1.11 "Declarant Control Period"means.the time period during which Declarant has he exclusive right to appoint the merribers of the Board,as described in Section t6 MPts-wo�a 9szs�.i i 2