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; 3.1 The Association will have all of the common law and
; statutory powers of a corporation not for profit that are not
' in conflict with the terms of these Articles. ~
; 3.2 The Association will have all of the powers and duties ~
~ set forth in the Condominium Act, except as limited by these
~ Articles and the Declarations of Condominium for the Condominiuma
; operated by the Association; and it will have all of the powers
; and duties reasonably necessary to operate said condominiums
~ pursuant to their separate Declarations of Condominium, as they
may be amended from time to time, including but not limited to
~ the following: ~
t a. To make and collect assessments against members -
~ to defray the costs, expenses and losses of the separate
~ condominiums.
b. To use the proceeds of assessments in the
exercise of its powers and duties.
c. To maintain, repair, replace and operate the
condominium properties.
d. To purchase insurance for the condominium pro- _
perties and insurance for the protection of the Association
and its members as condominium unit owners. '
e. To reconstruct improvements after casualty
and to further improve the condominium properties. .
f
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f. To make and amend reasonable regulations ' `
respecting the use of the condominium properties.
g. To approve or disapprove the transfer, mortgage ~
and ownership of condominium units as may be provided by the
separate Declarations of Condominium and the By-Laws of the
Association.
h. To enforce by legal means the provisions of
the Condominium Act, the separate Declarations of Condominium,.
these Articles, the By-Laws of the Association and the Regula- j
tions for the use of the condominium properties. j
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~ i. To contract for the management and operation '
of the condominiums, including their common elements, and to
i thereby delegate all p~wers and duties of the Association, ;
~ except such as are specifically required to have approval of ~
I the Board of Directors or of the membership of the Association. i
~
~ j. To lease such portions of the common elements i
of~the condominiums as ~.re susceptible to separate management ~
and operation.
~ k. To enter into leases, as Lessee, including
~ but not limited to long term leases, whereby recreational
~ facilities upon lands within reasonable~proximity of the
~ condominium properties are demised to the Association. Said s
5 leases may create liens upon the condominium properties, ~
~ including all condominium units, they may require rent and
~ other monies due thereunder to be common expenses of the `
~
~ condominiums, and they may require the demised premises or the
~ Association's interest therein to be a part of the common
~ elements of the condominiums.
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OR ~
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4 P~~19~Q
~ FEE. PARKER ~ FEE. P. A.
wIT01+NEV5 AT LAW
. ~OST ocFICC Box f000 ?
FOHT PIlRCE. FLORIOA »490
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