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��ooK �37 �:��_?�7 <br />� <br />number of votes of the members whether present in person or <br />represented by proxy. Before effective however, any <br />amendment to the Articles of Incorporation or Bylaws must be <br />approved, in writing, by LOCC for so long as LOCC has <br />retained any of the rights granted to it or reserved and <br />retained by it under the Protective Covenants. <br />ARTICLE YV <br />Dissolution <br />Subject to the provisions of the Protective Covenants, <br />including without limitation the rights granted to or <br />reserved or retained by the LOCC thereunder, this <br />corporation may be dissolved by the vote of seventy-fi��e <br />(75�) percent of the votes entitled to be cast by its <br />members and in accordance with the laws of the State of <br />Colorado. Upon dissolution, the properties and assets of <br />this corporation shall be distributed to its members prorata <br />in the same proportion as the votes entitled to be cast by <br />the members at the time of dissolution, and in accordance <br />with the laws of the State of Colorado. <br />� IN WITNESS 4JHEREOF, the Incorporator, designated. in <br />these Articles of Incorporation, for the purpose of <br />organizing and establishing a non-profit corporation under <br />and pursuant to the laws of the State of Colorado, has <br />executed the Articles of Incorporation aforesaid ar.0 <br />declared that the statements therein contained are true and <br />accord'ncr y has hereunto set 's hand this Z� • day of <br />, 1987. <br />�� �1 � /7 <br />............ .. -_ <br />``, ;\�'o: F,' 1 : �f'', � OTIS, JR. j, <br />�. ,. . <br />` �`�_`-'� � • 0 - �T�.1'�E' 4�' COLORADO � <br />- sr� N _ •e' = s. <br />_ �au T�r QF : � <br />: _ .pu e t��� • ' <br />f �ijf•• ''� ��.�� � , a notary public, do <br />� g��Z`e�p . �e ti y that on the day of /)') , <br />'���198y�, �' personally appeared be � re me JAMES OTIS, • R. , who <br />being duly sworn, declared that he was the person o signed <br />the foregoing documents as Incorporator and that the <br />statements contained therein are true. <br />Witness my hand and official seal. <br />. My commission expires �,.�. fp� <br />� - <br />Notary Public <br />Lazv O Art. Znc.�4/13/87 <br />