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,..*y~ advance to or for the account of the
Association or to pay any amount except
out of funds held or provided as afore-
said. If Manager shall voluntarily ~
advance for the Association's account any ,
amount for payment of any property obligations ~
or necessary expense connected with maintenance
or operation of the condon?inium, the Association
shall promptly, upon Manager's request, re-
imburse such advanaes, or Manager, at its
election, notwithstanding anything herein to
the contrary, may reimburse itself out of the
first funds accruing to the Association.
(b) Manager's fee. As compensation for its services
hereunder, the Association shall pay to Manager
a basic Manager's fee of Ten Dollars ($10.00) per
month per apartment. Such fee shall be paid to
Manager in advance not later than the tenth day
of the month .
~ (c) Cost of living adjustment. The basic Manager's
fee herein provided for shall be increased or
decreased from time to time to compensate for
changes in the cost of living as computed by `
- reference to the Consumer's Price Index, U. S.
City Average, all items (1967 = 100), published
by the Bureau of Labor Statistics of the United
S~ates Department of Labor. In the event this
price index is discontinued, the parties hereto
shall accept comparable statistics on the cost
s.
~ ~
of living as computed and published by an
~ agency of the United States Government or by a
-10-
~ 600K 2J~ PAGE 1~~
NCILL ORIrFIN JEfFRIls i LLOYD
~ CHARTEpEO
- P O BOX 1270. iORT PIEftCE, iLONIDA 33460 - TEIEPHONE ~305) ~~-A200
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