HomeMy WebLinkAbout2837 by the follo~?inq proviaion~:
1. The Aesociation shail have all of the con~on law and
atatutory pawere of a corporation nat far profit wfiich ara not
. in cont2lct ~rith the tern~s o! these Articles.
2. The Association ahall have the powers and dutiee to
(a) male and collect aseeeaments aoainet memt,ers to detrav
~ the expenscs of the A~eociation.
(b) use the proceeda o! assessments in the exercise of its
po~wers and dutiea.
(c) maintain, repair, reolace and ot~erate the proaerty ot
IPINDl~1ZLL VILLIIGE BY .THE SEA RECREATI~7 CENTER.
(d) purchase inauzance ~pon the pronerty and insurance
for the protection of the l~asociation and its members.
(e~ reconstruct imnrovements after casualty and to furthc~r
I improve ~he property. .
i aake and amend reasona.ble reaulations rPS~?ectinq the
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~ usa of tRe property.
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~ (g) enforce by legal a~eane the pmvieione of these Articlee,
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~ the IIylavs of the 1lssociation end the requlatione for the use of the
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Pr~rtY -
~ (h) contzect for the manaaeue~nt of the
~ ue property and to
deleqate to such contractor all pa+ers and duties of the Association.
~ (i) ea~ploy personnel to pertoren the services required for
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~ proper operation of the pzoperty.
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~ (j) operate, me~intain and requlate the uee of the property
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~ aubject to leases by e~embere as Leaeees and to act aa the membcrs'
aqent as may be necessary and convenient under said leaiee.
~ 3. All funde and the titles o~ all prop~rties aoquired by the
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w l~ssociation and the proceeds thezeof shnll be held ia trust for the
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~ membera in accordance with the provisions of theae Articles of
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~ Incorporation and the Bylaws.
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~ . -2- t~i89 ~ 19$9
~ OR
a~218 ~2834
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