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------] <br /> he becomes an owner by foreclosure or deed in lieu thereof. <br /> Any attempt to make a prohibited transfer is void. In the <br /> event the owner of any unit should fail or refuse to transfer <br /> the membership registered in his name to the purchaser of his <br /> unit, the Association shall have the right to record the <br /> transfer upon its books and thereupon any old membership <br /> I. outstanding in the name of the seller shall be null and void. <br /> 3.4 Membership Classes and Voting Rights: The <br /> c) Association shall have two (2) classes of voting membership: <br /> Class A. Class A members shall be all owners <br /> g with the exception of the Declarant and shall be entitled to <br /> one (1 ) vote for each unit owned. When more than one person <br /> holds an interest in any unit, all such persons shall be <br /> 1 members. The vote for such unit shall be exercised as they <br /> n among themselves determine, but in no event shall more than one <br /> w ( 1 ) vote be cast with respect to any unit. <br /> c; <br /> .a <br /> t. i Class B. Class B member(s) shall be the Declarant <br /> j and shall be entitled-to vote as follows: voting shall he the <br /> same as for Class A memberships, except that Class B members <br /> may triple their votes for each unit owned. The Class B <br /> X membership shall cease and be converted to Class A membership <br /> on the happening of either of the following events, whichever 1...^ <br /> c.) <br /> occurs earlier. <br /> (a) When the total votes outstanding <br /> in the Class A membership equal the total 4? <br /> votes (tripled as stated above) outstanding in ' <br /> the—Class B membership: or <br /> (b) On the second anniversary of the <br /> original issuance of the most recently issued <br /> final public report for a phase of the project; <br /> or <br /> (c) On the fourth anniversary of the <br /> original issuance of the final public report for <br /> the first phase of the project. <br /> Any action by the Association which must have the <br /> approval of the members before being undertaken shall require <br /> the vote or written assent of a majority of each class of <br /> membership during the time that there are two outstanding <br /> classes of membership. Where the vote or written assent of <br /> each class of membership is required, any requirement that the <br /> vote of Declarant be excluded is not applicable, except as <br /> provided in Section 8. 14 hereof. Voting rights attributahle to <br /> units shall not vest until assessments have been levied against <br /> those units by the Association. <br /> 3. 5 Master Declaration: The project is part of a <br /> larger area of Land,consistfn of various <br /> • <br /> g parcels, all of <br /> -10- <br /> 1 <br />