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will affect or impair the validity or prioritg of any mortgage covering any apartment.
9. BONDING.. Fidelity bonds shall be required by the. Loard of Directors
from all Officers or Directors. of the Association who control or difiburse Aasociatirni
- fi~ndsz The amount of such bonds shall be determined by the Directors, but shall be
not less than one••half of 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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The foregoing were adopted as the Bylaws of SAND DOLLAI; VILLAS -
CONDOMINIUM ASSOCIATION , INC . , a corporation not for-profit under the lawA of
-the State of Florida, at the first meeting of the Board of Directors held on the 12th
day of October 1978.- . - ~ ~ -
_ - ~
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- - /s/ Tony Sotolo~iAO - -
TONY SOTOLONGO , President -
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ATTEST: ~ ~
/s/ Faith Sotolongo ~ - +,.~''~1,SSnC~~ji~"'•
FAITH SOTOLONGO, Secretary - (C _ : Y o
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- i33~ .IAN 29 P!1 2~ 14 -
- ~ILEO AIlC FECOftDEO -
T.LIiC1E COUNtY.fLA.
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