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• <br /> Section 5. ' "Owner" shall mean and refer to the record <br /> owner, whether one or more persons or entities, of- the fee <br /> simple 'title to any Lot which is a part of the Properties, <br /> including contract ' sellers, but excluding those having such <br /> interest merely as security for the performance of any obliga- <br /> tion. <br /> Section 6. "Declarant" shall mean and refer to Weaver <br /> Dairy, Ltd. , a North Carolina limited partnership, its succes- <br /> sors and assigns if such successors or assigns should acquire <br /> more than one undeveloped Lot from the Declarant for the purpose <br /> of development. <br /> Section 7. "Declaration" shall mean and refer to the <br /> . . <br /> . . <br /> Declaration of Covenants, Conditions and Restrictions applicable <br /> • • - to the' Properties recorded in the Office of Register of Deeds of <br /> Orange County. <br /> Sectibn 8. "Member" shall mean and refer to those <br /> persons entitled to membership as provided in the Declaration. <br /> ARTICLE III <br /> MEETING OF MEMBERS <br /> , . <br /> Section 1. Annual Meeting. The first annual meeting <br /> of the members shall be held within one year from the date of . : <br /> incorporation of the Association, and each subsequent regular <br /> • . _ <br /> annual meeting of the members shall be held on the same day of <br /> the same month of each year thereafter, at the hour of 7:30 p.m. <br /> If the day for the annual meeting of the members is a legal <br /> • holiday, the meeting will be held at the same hour on the first <br /> day following which is not a:legal holiday. <br /> • -2- <br /> • <br />