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and in i~rh~ch the mon:Ees o1' the Associ~t:ton sha11 be deposited.
talthdrawal of monies from such aceounts sliall be only by checks
s~~ned by such persons as are authorized by the directors, pro-
vided that a Mana~ement Agreement may include in its provisions
authority in the Alana~er to sign checks on behalP oi' the Assoc i-
ation for payment of the oUligations of the Assoc3ation.
6.6 Fidelity bonds may be required by the Board of Direc~ors
for all persons handling or responsible f'or Association i'unds in
sueh an amount as shall be determined by the ~oard. The premiurr~
on such bonds shall be paid by the Association.
6.7 Audit. An audit of the aecounts oi' the Association
may be made from time to time as directed by the Doard of Dire ctors.
A copy of any audit report received as a result of an audit
shall be furnished each member of the Associatian not later
~han thirty (30) days after its rece3pt by the Board.
7. Parliamentary rules. Roberts' Ru1es of Order (latest edition)
shall govern the conduct oi' the Association meetings when Incorporation,
or these By-La,ws.
8. Amendments. A resolution i'or the adoption of a proposed amerr~--
ment of these By-Laws may be proposed by either the Board of Directors
of the Associat;ian or~by the members of the Association. Members
may propose such an amendment by instrument in Ytriting directed
to the President or Secretary of the Eoard signed by not less ~han
ten (10~) percent of the membership. Amendments may be proposed by
the Board of Directors by action of a ma~orityr of the Board at any
regularly constituted meeting thereof. Upon an amendment being
proposed as herein provided for, the President or, in the event of
his refusal or tailure to aci., tha Board of Directors, shall call a
mee~g of the membership to be he2d within sir.ty (60) da3?s for the
purpose of considering said arr.endr::ent. Directors an1 members no~
present in person or by proxy at the meetin~ conside.ring the at?~en~r~enL
rr:ay express th~ir approval in writin~, providtn~ s~ieh apgroval is
delivered to Lhe Secretary at or prior to the meeting. Except as
el;:es•~tsere~ provided, sueh approval:~ must be either by:
(a) 1~:ot le~s than t1•~o-t.hird ;(2/3} of t•he e:itire
~~~ernber:.hjp of tit~~~ F'c~arcl ~f nirectors and ry not le~s
_ 8o Kig5 ~~~E1709
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