HomeMy WebLinkAbout2268 • S~c~ion 6. T~e boa:d of directors shall require that a
:idality bond be ontained ror all officers and employees o~ tne
cor~ora:.ion r.andling or :esponsible for corporation funds, :he
~.:,ou:~~ o: such b~nd shall be determined by the board of directors,
~:~a premium on such bond shall ba paid by the corporation as
~a it.:~ o~ ge :eral expense .
Sac~ion 7. All assessne~ts paid by members of the corporation
~r.~ mai:~t~:.aace ar.d operatioa of the cor.dominium shall be
;::.ilized by the corporation for the purpose of said assessments.
r?:.y axcess of :.loneys received from said assessments pain by ar.y
:,-,.:.::~ers shall be held by the corporation for the use and bene~it
the mez;~ers. A.~y surplus he3n by tr.e corporation after t2^.e
~~.~:..ent of expenses for maintaining and operating the general
co.:..-~on ele:nen~s shall be considered as general surplus and 'neld
~o: the be :e: it of all the ~r.embers .
AR2ICLr. VIZI
AME\'D:RENTS
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~ Section 1. The Articles of Zncorporation of the non-profit
. c~:poration may be amended by the' mer:~bers at a duly constitu~ed
~ .:.eeting for such purpbse, provided, however, that no amendment
~c.all ta`~ce ef~ect unless approved by members representing at le~st
7~% o: the votes in the condominiur.l as set forth in the Declaration
o: Condominiun.
SectioZ 2. These By-Laws may be amended by the corporation
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~ o;. a duly cor.s~itLted meetir.g for such purpose,~provided, however,
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~ :.o air.end.^;ent aIl take effect unless approved by mem~ers representiag
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BOOK ~~JU PAGf ~~U7
- LAW OFFIGES BART L. COHEN, CITY NATIONAL BANK BUILOING, MIAM1, FLORI~A
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