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EXHIBIT C

BY-LAWS

OF

GRAND HAVEN MASTER HOMEOWNERS ASSOCIATION, INC.
(A Corporation Not for Profit Under the
Laws of the State of Florida)

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ARTICLE I - GENERAL PROVISIONS
ARTICLE II - MEMBERSHIP, VOTING, QUORUM, AND PROXIES
ARTICLE III - ANNUAL AND SPECIAL MEETINGS OF MEMBERSHIP: PROVISO
ARTICLE IV - BOARD OF DIRECTORS
ARTICLE V - OFFICERS
ARTICLE VI - FISCAL MANAGEMENT:  COMOMN EXPENSES
ARTICLE VII - ROSTER OF MEMBERS
ARTICLE VIII - PARLIAMENTARY RULES, ROBERTS RULES OF ORDER
ARTICLE IX - AMENDMENTS TO BY-LAWS
ARTICLE X - IDEMNIFICATION
ARTICLE XI - RULES AND REGULATIONS
ARTICLE XII - CONSTRUCTION
ARTICLE XIII - CONFLICT
ARTICLE XIV - CAPTIONS