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F. To operate without profit for the sole and exclusive benefit ~
of its members. ~ ~ _ `
6. To perform all of the functions of the Association; and
undertaken by. the Board of Directors of the !!ssociation, in the
-Declaration of Covenants, Restrictions And Easements, hereabove '
described. - -
H. ~ To ,obLai n ~ and a~ai ntai n such i nsurance of any type as the - -
6oard of Directors of the Association .shall from. time to time deem
necessary, or as niay be required, all in accordance with the Dec]ara-
tion of Covenants, Restricts-ons and Easements. -
I. The Association will make no distribution of income to - -
i is members, di re.cte~rs or officers. -
ARTICLE III -
POKERS
The general-powers~of the Association will include and be -
governed by the following provisions. - - -
A. To accept title to the Common Area. -
B. To make and collect assessments against members to defray
costs, ex enses-and losses of the r r
P p ope ties owned. by it, or in which
it has an interest or which its members have a right to use, the -
Comman Area when not owned by it, .for exterior maintenance of Oweliing
Units owned by-,members` for res-toration or replacement of Dwelling - -
Units owned by members and~to provide liability insurance, casualty
insurance and any other type .insurance on all or-any portion of the
Property included in "The Tarpon Bay Villas" and any such other-insur-~
ance as the Board of Directors shall-from time to time deem necessary
or as may be required, all in accordance with the Declaration of
Covenants, Restrictions And Easements.
C. Tc, maintain, repair-apd replace the Common Area. and any -
personal- property owned by the Association used thereon.
D. To provide exterior maintenance for properties owned by
members and maintained in an unkempt or otherwise objectionable con-
- dition in violation of any covenants, restrictions and agreements..
E. To use the proceeds of assessments in the exercise of its
powers and duties. - -