HomeMy WebLinkAbout2381 ments may be amended at any time by the board of directors if the- accounts of
the amended budget do not exceed the limitations for that year. Any account
that does exceed such limitation shall be subject to the approval of the member-
ship of the Association as previously requ~red in these Bylaws. The unpaid
assessment for the remaining portion of the calendar year for which the amended
assessment is made shall be due upon the date of the assessment if made on
or after July 1; and if made prior to July 1, one-half of the increase shall
Yie due upon the date of the assessment and the balance of the assessment
upon the next July 1. The first assessment shall be determined by the board
of directors of the Association.
6.4 Acceleration of assessment installments upon default. If
an apartment owner shall be in default in the payment of an installment upon
an assessment, the board of directors may accelerate the remaining install-
ments of the assessment upon notice to the apartment owner, and then the un-
~ paid balance of the assessment shall come due upon the date stated in the
~ notice, but not less than ten (10) da s after deliver of the notice to the a art-
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€ ment owner, or not less than twenty (20) days after the mailing of such notice
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to him by registered or certified mail, whichever shall first o~cur. ;
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~ 6.5 Assessments for emergencies. Assessments for com-
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~ mon expenses of emergencies that cannot be paid from the annual assess-
ments for common expenses shall be made only after notice of the need for
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~ such is given to the apartment owners concerned. After such notice and upon ~
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~ approval in writing by persons entitled to cast more than one-half of the votes
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~ . of the apartment owners concerned, the assessment shall become effective,
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and it shall be due after 30 days~ notice in such manner as the board of dir-
= ectors of the Association may require in the notice of assessment.
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ry 6. 6 The depository of the Association shall be such bank or *
'4~ banks ae ehall be de8ignated from time to time by the directors and in which
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the moneys of the Association shall be deposited. Withdrawals of moneys
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t r ~ 22J~ PA6E~~~,
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` CARL F. [LLWANGER ATTORNEY AT LAW r. O. oOX f668 STUART. FLORIDA ai4o4