You are bound to the deed restrictions regardless of how old your neighborhood is. Any violation of the restrictions can result in penalty as stated by your HOA. You can even be forced to take down and dispose of your bars all at your expense. This is legal as that is the restrictions of your community and can be enforce by HOA. If you don't agree you can challenge the restrictions with the HOA board as stated in your bylaws, but these changes generally require majority vote and I would suggest a lawyer to represent you if you plan to do this. If you insist you can be sued for breach of the restrictions and court ordered to remove the installation.
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