 Each owner automatically becomes a shareholder in the Los Barrancos de Aptos Homes Association, Inc., a California corporation. Shareholders, with one vote per lot, control the Association and annually select a Board of Directories. The Homes Association:
- Holds clear title to 20 acres of the encircling wooded ravine and recreation area, the 30-by-60 foot swimming pool, the wading pool, the bath house, the two tennis courts, and the parking lot.
- Has title to streets, entrance area, and the ornamental street lights.
The Association Directors:
- Exercise day -today control of Association affairs and property, and maintenance of facilities.
- Enforce architectural and site control.
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