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Page 36 of 51 <br />required at the previous meeting, as previously reduced, until such time as a quorum is present and <br />business can be conducted. <br />Section 4.8.Voting Members: Proxies. There will be one person with respect to each <br />Lot who will be entitled to vote the voting interest of that Lot at any meeting of the Association, <br />herein referred to as the "voting member". The voting member may be the Owner of a Lot, or an <br />Owner designated by a majority of several Owners of a Lot, or may be some other person <br />designated by such Owner or Owners to act as proxy on his or their behalf and who need not be an <br />Owner. Designation of the voting member or of a proxy will be made in writing to the Secretary <br />and will be revocable by actual notice of revocation to the person presiding over the meeting of the <br />association by the Owner or a majority of the Owners. A proxy is void if not written, dated, and <br />signed by an Owner or a majority of the Owners of a Lot, and a proxy will terminate at the time <br />specified in the proxy or eleven months after its date, whichever is earlier. <br />Section 4.9.Voting Rights: Multiple Owners. If only one of the multiple Owners of a <br />Lot is present at a meeting of the Association, he is entitled to cast the vote allocated to the Lot. If <br />more than one of the multiple Owners is present, the vote allocated to that Lot may be cast only in <br />accordance with the agreement of a majority in interest of the multiple Owners. Majority <br />agreement is conclusively presumed if any one of the multiple Owners casts the votes allocated to <br />that Lot without protest being made promptly to the person presiding over the meeting by any of <br />the other Owners of the Lot. Fractional voting is prohibited. <br /> Section 4.10.Voting Rights: Cumulative Voting. The vote cast by, or on behalf of, the <br />Owner or Owners of a Lot will be that voting interest specified in the Articles of Incorporation. <br />In all elections for members of the Board of Directors, no voting member will be entitled to vote <br />on a cumulative voting basis for the director or directors to be elected, and the candidate or <br />85