| Articles of Inc. |
Bermuda Beach |
Deed Restrictions |
Page 2 of 3 Page
3 of 3
ARTICLE I - NAME
The name of this organization shall be THE BERMUDA BEACH IMPROVEMENT
COMMITTEE, INC.
ARTICLE II - OBJECTIVES, POWERS AND FUNCTIONS
The objectives, powers and functions of THE BERMUDA BEACH IMPROVEMENT COMMITTEE, INC. shall be to unify the efforts of the lot owners of Sections 1, 2, 3, 4, and 5 of BERMUDA BEACH, all subdivisions of the southerly portion of Section 2, of the Trimble and Lindsey Survey of Galveston Island, Galveston County, Texas, as per plat of each respective section recorded in Volume 254-A, Page 89; Volume 1616, Page 30; Volume 1616, Page 34; Volume 1616 Page 58; and Volume 1616, Page 60, all in the office of the County Clerk of Galveston County, Texas, for the purposes of:
A. Collecting of the maintenance fees, garbage-security fees, and any other miscellaneous fees that it may have authority to assess and to apply such funds actually received, so far as sufficient, toward the payment of any and all necessary expenses incurred for any or all of the following purposes:
1. Improving and maintaining the streets and doing any other thing necessary or desirable in the opinion of said committee to keep any property of BERMUDA BEACH SUBDIVISION, Sections 1 through 5, in neat and in good order, or to which the committee considers to be of general benefit to the owners or occupants of BERMUDA BEACH SUBDIVISION, it being understood that the judgment of the BERMUDA BEACH IMPROVCEMENT COMMITTEE, INC. and the expenditure of such funds shall be final so long as such judgment is exercised in good faith. In addition, to apply any other sums recovered for GARBAGE-SECURITY or any other assessments in any manner consistent with good business judgment and which is exercised in good faith, but only to the extent of any funds actually connected.
2. Without liability, entering upon any lot in Sections 1 through 5 of BERMUDA BEACH SUBDIVISION, to cut, or cause to be cut, any weeds and grass, or cause to be removed any garbage, trash,
3. Rubbish or any other materials, so as to place any lot in the subdivision in a neat, attractive, healthful and sanitary condition, and to bill either the owner or occupant of any such lot for the cost of such work. The monies actually received by virtue of the activity shall be deposited in the MISCELLANEOUS FUND.
4. In order to facilitate all of the above, the Bermuda Beach Improvement Committee, Inc. shall be authorized to open at least three separate checking accounts. However, all funds received for MAINTENANCE, GARBAGE-SECURITY, and MISCELLANEOUS shall not be co-mingled in either of the other two accounts, and neither shall the funds of any one account be used or applied to any expenses other than those arising out of the activities for which such sums of money were collected.
B. Approving or rejecting plans and specifications for improvements to be erected in Bermuda Beach Subdivision. All plans and specifications for improvements must be submitted to the BERMUDA BEACH IMPROVEMENT COMMITTEE, INC., for approval prior to the commencement of construction of any such improvements. The Bermuda Beach Improvement Committee, Inc. must act within thirty (30) days after receipt by it of any such plans and specifications.
C. Enforcing all of the above covenants and restrictions for the above referred to sections of BERMUDA BEACH by any appropriate proceedings (but this power shall not be exclusive and may also be exercised by any lot owner in the BERMUDA BEACH SUBDIVISION).
D. Enforcing any lien or liens imposed upon any lot within any part of the BERMUDA BEACH SUBDIVISION by reason of the violation of any of the covenants and restrictions recorded in the office of the COUNTY CLERK OF GALVESTON COUNTY, TEXAS for the respective Sections of BERMUDA BEACH, and the executing and releasing of any such lien.
E. Establishing and maintaining such contact with the elective and appointive officials of Galveston County and the City of Galveston as may be in the best interest of the BERMUDA BEACH SUBDIVISION.
F. Receiving and/or purchasing any of the residual assets from the Receiver in Bankruptcy for Timewealth of Jamaica Corporation.