HomeMy WebLinkAbout0119 Parcel of each condominium, showinq the name of the condominiun?
and the name and address of each such Condominium Parcel awner,
the amount of each assessment against each such owner, the due ~
dates of each asses saent, the amounts paid on the accouht and
any balance due.
Section 4. Management. The Board of Directors shall
have the pow~er and authority to engage the services of all per- -
sonnel necessary for the maintenance, operation and management
of all Condominium properties, including the riqht and power to
employ attorneys, acoountants, contractors and other personnel,
and/or the Board of~Directors may contract for professional manaqe-
ment, ~n which event the Board may assiqn and delegate the entire
management responsibility of the Condominiwa Association, reserv-
ing, however, such supervisory control as it deems necessary.
Section 5. The Condaninium Association is authorized
to purchase in the name of the Condominium Association any Condo-
minium Parcel offered for transfer to a person or entity not approved
by the Condominium Association as required by the Declaration
of Condominium pertaining to such Condominium Parcel and the Board
of Directors are further authorized to purchase a Condominiwa
Parcel at a foreclosure sale of any nature; provided, however,
; that the expenditure of funds for such purposes has been authorized
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; by a vote representing three-fourths of the total membership in-
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i terest ~in the Condominium As sociation; or provided that funds
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; for such purpose have been made available by one or more Condo- ~
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i minium Parcel awners for whose benefit the Condominium Association
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~ has agreed to take title, subject tb further sale as authorized
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; by such Declaration of Condominium.
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ARTICLE X.
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~ Authority and Rights of Developer
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~ Developer, Finisterre Corporation, has reserved to
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