HomeMy WebLinkAbout1503 Board, unless otherwise specifically delegated therein to the Members. Such
powers and duties of the Board shall be exercised in accordance with the
provisions of the Act and the Condominium Documents and shall include, but
not be limited to, the following:
5.1 Making and collecting Assessments against Members to pay the costs
of Common Expenses and making and collecting Limited Assessments against
the appropriate Apartment Owners. These Assessments shall be collected by
the Association through payments made directly to it by the Members as set _
forth in the Declaration .
5.2 Using the proceeds of Assessments in -the exercise of the powers
and duties. of the Association and the Board .
5.3 Maintaining , repairing and operating the Condominium Property .
5.4 Reconstructing improvements after casualties and losses and making
further authorized improvements of the- Condominium Property .
5.5 Making and amending rules and regulations with respect to the use
of the Condominium Property .
5.6 Approving or disapproving of proposed purchasers, lessees, or
mortgagees of Apartments and those acquiring Apartments by gift, devise, or
inheritance, and other transferees, in accordance with the provisions set
forth in the Declaration .
5.? Enforcing by legal means the provisions of the Condominium Docu-
ments and the applicable provisions of the Act.
5.8 Entering into and terminating management agreements and contracts
for the maintenance and care of the Condominium Property, including the
power to delegate to third parties pursuant to such contracts all powers and
duties of the Association with respect to the care and maintenance of such
property , except where approval of the Members is specifically required by
the Condominium Documents .
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'i 5.9 Paying taxes and assessments which are or may become liens against
the Common Elements and Apartments owned by the Association, if any, and
assessing the same against Apartments which are or may become subject to
such liens . -
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5.10 Purchasing and carrying insurance for the protection of Apartment
Owners and the Association against casualty and liability for the Condominium
Property .
5.11 Paying costs of all power, water, sewer and other utility services
rendered to the Condominium and not billed to owners of individual Apart-
ments . -
5.12 Hiring and retaining such employees as are necessary to administer
~ and carry out the services required for the proper administration of the
purposes of this Association, and paying all salaries therefor.
Section 6. Officers of the Association
6.1 The officers of the Association shall be a President, who shall be a
_ Director, one or several Vice Presidents, a Treasurer and a Secretary, all of
whom shall be elected annually by the Board. Any officer may be removed
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