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only by checks signed by such persons as are authorized by the
directors.
6.7 An audit of the accounts of the Association shall be
made annually and a copy of the audit report shall be furnished
to each member not later than April 1, of the year following
the year for r~hich the audit is made.
6.8 Fidelity bonds may be required by the Board of
Directors from all persons handling or .responsible for
Association funds. The amount of such bonds shall be
determined by the directors, but shall not be more than the
amount of the total annual assessments against members for
common expenses. The premiums on such bonds shall be paid by
the Association.
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ARTICLE VII
Parliamentary Rules
7.1 Roberts' Rules of Order (latest edition) shall govern
the conduct of Association meetings when not in conflict with
the Declaration of Condominium, Articles of Incorporation or
these By-Laws.
ARTICLE VIII
Amendments
8.1 These By-Laws may be amended in the following manner:
(a) Notice of the subject matter of a proposed
amendment shall be included in the notice of any meeting
at which a proposed amendment is considered. '
(b) A resolution adopting a proposed amendment may
be proposed :,y either the Board of Directors of the
Association or by the members of the Association.
Directors and members not present in person or by proxy at
the meeting considering the amendment may express their
f approval in writing, providing such approval is delivered
~ to the Secretary at or prior to the meeting. Except as
~ elsewhere provided, such approval must be either by:
(1) not less than 75x of the entire
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~ membership of the Board of Directors and by not less
~ than 75x of the votes of the entire membership of the
Association; or
(2} by not less than 80X of the votes of
the entire membership of the Association; or
r (3) until the first election of directors,
by all of the directors.
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8.2 No amendment shall discriminate against any unit
owner nor against any unit or class or group of units unless
~ the unit owners so affected shall consent. No amendment shall
g be made that is in conflict with the Articles of Incorporation
3 or the Declaration of Condominium.
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s~~o~3~'2 Pa~E2735