By-Laws
Of
Paul Revere Village Association, Inc.  

Article II – General

Section 1 – The Condominium

The Condominium is located on a parcel of land located on Grafton Street in Millbury, Massachusetts and is established by a Master Deed dated____________ recorded with the Worcester District Registry of Deeds as Instrument No.__________. (back)

Section 2 – The Association

Paul Revere Village Association, Inc. (the “Association”) has been organized to perform the functions described in the By-Laws of the Association, except for those to be performed by others as set forth in the By-Laws of the Association or the Master Deed. The Association is charged with the duties and has the powers prescribed by law and set forth in the Master Deed, the Articles of the Association and the By-Laws of the Association, as they may be amended from time to time. Neither the Articles of the Association nor the By-Laws of the Association shall for any reason be altered or interpreted so as to be inconsistent with the Master Deed.

The Association is an organization owned by the Townhouse Owners of the Paul Revere Townhouses Condominium and used by them to manage and regulate the Condominium. Each Townhouse Owner shall have the same percentage of interest in the Association as the percentage of interest set forth in paragraph 6 of the Master Deed.

Each Townhouse Owner, upon becoming a Townhouse Owner, and by virtue of being such a Townhouse Owner, and for so long as he is such a Townhouse Owner, shall be deemed a Member of the Association. Upon becoming a Member of the Association, the rights, duties, privileges, immunities and liabilities of being a Townhouse Owner, as a Member of the Association, shall be those set forth in and shall be exercised in accordance with the Master Deed, the Articles of the Association, the By-Laws of the Association, and the Rules and Regulations of the Association as the foregoing may be amended or adopted by the Association or by the Board of Governors, as provided therein.

Membership in the Association shall not be transferred, pledged, or alienated in any way except upon transfer of title of a Townhouse, and then only to the transferee of title, except in the instance of suspension of membership as provided hereunder.

Any attempt to make a prohibited transfer shall be null and void.  (back)

Section 3 – Provisions of By-Law Applicable

The provisions of the By-Laws of the Association are applicable to the Condominium and to the use and occupancy thereof. The provisions of the By-Laws of the Association shall automatically become applicable to any property which may be added to the Condominium by act of the Declarant, its successors and assigns, or the Association.  (back)

Section 4 – By-Laws Applicable to Present and Future Owners

All present and future owners, mortgagees, lessees, and occupants of Townhouses and their employees, and any other person(s) who may use the facilities of the Condominium in any manner, are subject to the By-Laws of the Association, the Rules and Regulations of the Association, the restrictions contained in the Master Deed and the Articles of the Association. Accepting a deed to a Townhouse, taking conveyance of a Townhouse, entering into a lease for use of a Townhouse or the act of occupying a Townhouse, shall constitute an agreement that all of the above documents, restrictions and conditions, as they may be amended from time to time, are accepted, ratified and shall be complied with.  (back)

Section 5 - Office of the Association  

Section 6 – Certificates of Membership

The Board of Governors may provide for the issuance of certificates of membership in the Association in a form which it shall determine. One such certificate shall be issued for each Townhouse and shall contain the name and address of the member or members who own such Townhouse, the Townhouse Designation, its location, and the beneficial interest appurtenant to said Townhouse. The date of issuance of the certificate shall be entered in the records of the Association by the Clerk.  (back)

Section 7 – Documents Available for Review  

Copies of the By-Laws of the Association, the Articles of the Association, the Rules and Regulations of the Association and the Master Deed, as they may be adopted or amended from time to time, shall be made available for inspection by Townhouse Owners and their authorized agents and by holders, insurers and guarantors of first mortgages which are secured by Townhouses in the Condominium during reasonable business hours.  (back)

Section 8 – Termination

The Townhouse Owners may remove the Condominium from the provisions of Chapter 183A of the General Laws of Massachusetts and the Master Deed by the procedure set forth in the appropriate section of said Chapter 183A, as amended from time to time.

Upon such removal, the Townhouse Owners shall be deemed to own the Condominium property as tenants in common, with undivided interest therein in the percentage of undivided interest previously held by each Townhouse Owner in the common areas and facilities. Further, upon such removal, the Townhouse Owners shall be deemed to have withdrawn the Condominium property from the Paul Revere Townhouses Condominium.

The removal provided for in this Section and in the Master Deed shall not bar the subsequent resubmission of the Condominium property to the provisions of Chapter 183A of the General Laws of Massachusetts .  (back)