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� i <br /> - shall be owned, used, occupied, and conveyed subject to the covenants, restrictions, easements, - <br /> charges, and liens set forth herein, ail of which shall be binding upon all Persons owning or <br /> acquiring any right, title, or interest therein, and their heirs, personal representatives, successors, <br /> and assigns. <br /> � SECTI�N ] � <br /> � DEF1NITdONS <br /> The following words when used in the Governing Documents shall have the following meanings <br /> (unless the context indicates otherwise): <br /> l.l "Act" means Minnesota Statutes Chapter S�15B, known as the Minnesota <br /> Common Interest Ownership Act,as amended. <br /> 1.2 "Assessments" means and refers to all assessments levied by the Association <br /> pursuant to Section 6 and pursuant to the Act,including, but not limited to,annual <br /> assessments, special assessments,and limited assessments. <br /> 13 "Association" means the Stonebay of Orono Condominium Association, a <br /> nonprofit corporation which has been created pursuant to Minnesota Statutes <br /> • Chapter 3 L7A and Section SISB3-101 of the Act, whose members consist of all <br /> Owners. <br /> i.4 "Board" means the Board of Directors of the Association as provided for.in the <br /> Bylaws. <br /> 1.5 "BuildinQ" means each structure which is or becomes a part of the Property and <br /> which coniains at least one Unit. <br /> l.6 "Bvlaws" means the Bylaws gaverning 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 a1i parts of the Property except the Units, including <br /> all improvements thereon. <br /> l.9 "Common Expenses" means all e:cpenditures made or liabilities incurred by or on <br /> behalf of the Association and incident to its operation, including Assessments and <br /> items otherwise identified as Common Expenses in the Governing Docvments. <br /> 1.10 "Condominium" means the condominium created by this Deciaration and known <br /> as Stonebay of Orono Condominium. <br /> l.l 1 "Declarant Control Period" means.the time period during which Declarant has the <br /> exclusive right to appoint the members of the Board,as described in Section 16. <br /> MPCS-Word 95281.1 i 2 <br />