THIS SHALL BE DEEMED THE AMENDED CONSTITUTION and BY-LAWS of the WHITE MEADOW LAKE PROPERTY OWNERS ASSOCIATION, INC.  
  Section 1  This Association is formed in order that it may solve the problems of common interest, cultivate and maintain friendly and mutual cooperation with each other and to care for and maintain the Common Properties held in the name of WHITE MEADOW LAKE and COUNTRY CLUB, INC. and to insure and preserve the present and future character and welfare of the Community heretofore established and promote participation of its members in select Social, Athletic, Cultural and Civic Activities and to maintain a high standard for the properties situated in the community known as WHITE MEADOW LAKE.  
    This Association is also a party to an Agreement dated the 6th day of November, 1952 between National House and Farms Association, Inc. , White Meadow Lake and Country Club, Inc., and White Meadow Lake Property Owners Association, Inc., and this is the Property Owners Association referred to in Agreements and Deeds executed by the National House and Farms, Inc. to purchasers of property in White Meadow Lake.  
  Section 2 The registered office shall be at the office of the White Meadow Lake Property Owners Association and the White Meadow Lake Club House, Rockaway Township, New Jersey, or at such other place designated by the Board of Directors.  
  MEMBERSHIP  
  Section 3 Any home owner, owner of any lot or lots, or one who has contracted to purchase any lot or lots on maps of White Meadow Lake, Section 1, Section 1A, Section 2, Section 3, Section 4, Section 5, and Section 6 as filed in the office of the clerk of Morris County shall be eligible to become a member of this Association.  
  Section 4 In addition to all other provisions and requirements herein contained, no member shall have the right to vote unless he shall have paid the full Home Owners Dues as fixed by the Board of Directors. No member shall have more than one vote. Lot Owners in good standing who shall elect to pay the full Home Owners Dues shall be entitled to one vote, in the year in which such full Home Owners Dues shall have been paid.  
  Section 5 Eligibility of membership and membership shall terminate upon selling or divesting of ownership of home, lot or lots delineated on file maps set forth in Section 3, above.  
  Section 6 Upon determination of eligibility under Section 3, said new home owner, owner of any lot or lots or contract purchaser of any new home or lot or  
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