HomeMy WebLinkAbout0701 h. To carry and pay the premium tor such insurance as
may be required for the protection of inembers of the corporation
aqainst any casualty or any liabil~ity to third persone.
~ i. To ~nploy a management agent at a corapensation
established by the Board of Directors and to delegate to such ;
manageme~t aqent such powers and duties as the Board shall authorize
except tho~e aa are specif ically required to be exercised by
the Board of Directors or the membership.
j. To enforce by legal-means the provisions of the
Articles of Incorporation, the regulatione for the use of the
property owned by the corporation andt~ enforce declarations
of covenants and restrictions qiv3ng ~tuch power to the corporat3on.
k. To pay any taxes or special assessments on aay lands
acquired by the corporation throuqh the enforcement of any lien
held by the corporation against said land.
1. To collect assessmenta of condominium associations
and to remit them to said associations.
ARTICLE VII -
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Section 1. The princi fficers of the corporation
shall be a President, a Vice President, a Secretary and a Treasurer,
all of whom shall be elected by and from the Board of Directors.
The Directors may appoint an assi$tant treasurer and an assistant
secretary and such other off icers as in their judgment may be
necessary. The office of the Secretary and Treasurer may be filled
by the same person.
Section 2. The officers of the corporation shall be
elected annually by the Board of Directors at the annual meetinq
cf each new Board and shall hold office until the next annual
meeting of *.he Board of Directors or until their successors shall
be duly elected and qualified except as hereinabove provided.
Section 3. By an affirmative vote of the majority of
the members of the Board of Directors, any officer may be rem~ved, either
with or without cause and his successor elected at any regular
meeting of the Board of Directors or at any special meeting of the
Board called for such purpose.
I! Section 4. The President shall be the-chief executive
~ officer of the corporation. He shall preside at all meetings of
i the corporation and of the Soard of Directors~. He shall have alI
i of the general powers and duties which are usually vested in the
off ice of President of a corporation, including, but not limited
to, the power of appointing committees among the members from time
to time as he may deem appropriate to assist in the conduct of the
affairs of the corporation. ' • '
, . Section 5. The Vice President shall perform all the
duties of the President in his absence and such other duties as
ma.y be required of him from time to time by the Board of Directors.
Section 6. The Secretary shall issue notices of all
Board of Directors' meetings-and meetings of the membership and
shall attend arid keep minutes of the same; he shall have charge
of all corporate books, records and papers; he shall be custodian
of the corporate seal; he shall attest with his signature and press
of the corporate seal all contracts or other documents required to
~3 be signed on behalf of the corporation and shall perform all other
~a such duties as are incident to his o~fice. The duties of the
assistant secretary shall be the same as those of the Secretary in
the absence of the Secretary.
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