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HomeMy WebLinkAbout1357 - ~ ~ . ~ . i . ' D. To enter into and upon the unite vhen necessary ~rLth as - Iittle inconvenience to the owner as poasible in connection with such maintenance, caxe and preservation; S. To insure and keep insured said condrnainiwa property in the manner set forth in the Declaration, against loss from fire and/or ` ~ other casualty, and the.unit owners against public liability and to ~ purchase auch other insurance as the Board of Directors may aeem advie- able; F. To collect delinquent assessments by suit or otherwise, abaCe nuieance and enjoin or seek damages from the unit ownera for violation of these By-Laws and the terms and conditions of the Declaration; G. To employ such personnel as may be required for the main- tenance and the preservation of the property; H. To make reasonable rules amd regulationa for the occupancy of the condominium parcels. Section 5. COMPBt~ATION: Neit her Directors nor Officers shall . receive compensation for their services as such. Section 6. MBETINGS: A. The simual meeting of each Board of Dir ectors newly elected ~ by the members shall be held im~oediately upon adjourtunent of the meeting ~ - at which they were elected, provided a quorum shall then be present, ; or as soon thereafter as may be practical. The annual meeting of the Board of Directore shall beheld at the same place as the general members' meeting; B. Special meetings shall be held whenever called by the direction of the President or a majority oi the Board of Directors. The secretary shall give notice of each special meeting either person- ally, by mail or telegram, at least five (5) days before the date of 's such meeting, but the Directors may waive notice of the calling of i the meeting; ~ I'~ ~ I C. A majority of the Board of Directors shall be necessary and f aufficient at all meetings to constitute a quorum for the transaction of bueiness, and the act of a majority present at any meeting at which there is a quorum shall be the act of the Board of Directo~rs. Section 7. ORDER OF BUSINESS. The order of businese at all meetings of the Board of Directors shall be as follows: A. Roll call; B. Reading of minutes of the laet meeting; C. Consideration of co~unicationa; D. Resignation and elections; ~ E. Reports of officers aid employees; ~ F. Reports of cona~itteea; ~ . G. Unfinished business; H. Original resolutions and new business; ~ I. Adjournment. ; Section 8. ANNUAL STATF.I~II:l~ . The Board of Directors ehall ~ present no less often than at the annual meeting, a full and clear state- ~ ment of the businesa and condition of the corporation, including a report of the operating expenses of the corporation and t he asseasments paid by each member. ARTICLE 3. OFFICERS Section 1. E}CECITrIV& ~FICERS: The executive officers of the corporation shall be a President, Yice President, Treasurer and Secretary, all of Whom shall be elected annually by said Board of Directors. . - 2 - ~ R 182 P~1355 b00K ~ , _ - - . . _ .