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Section 2. The Association shall have all of the powers
reasons y necessary to implement its purpose, including, but no t _
limited to, the following:
(1) To operate and manage the Condominium and .
condominium property in accordance with the purpose
and intent contained in the Declaration;
(2) To make and collect assessments against members to
defray the costs of the Condominium and to refund
common surplus to members;
(3) To use the proceeds of assessments in the exercise
of its powers and duties;
(4) To maintain, repair, replace and operate the
condominium property;
(S) To reconstruct improvements upon the condominium
property after casualty and to further improve the
property;
(6) To make and amend By-Laws for the Association and
regulations respecting the use of the condominium
property;
(7) To approve or disapprove the proposed purchasers,
lessees and mortgagees of condominium units as
required by the Declaration;
(8) To enforce by legal means the provisions of the
Declaration, these Articles, the By-Laws and the
regulations for the use of the condominium
property;
(9) To collect for the management and maintenance of
the condominium and to authorize a management agent
to assist the association in carrying out its
powers and duties by performing such functions as
the collection of assessments, preparation of re-
cords, enforcement of rules and maintenance of the
common elements. The association shall, however,
retain at all times the powers and duties granted
j them by the Condominium Act, including, but not
i limited to, the making of assessments, promulgation
of rules, and execution of contracts on behalf of
~ the association.
Section 3. All funds and title to all properties acquired
by the Association and the proceeds thereof shall be held only fo r
the benefit of the members in accordance with the provisions of
the condominium documents. too part of the income, if any, of the
Association shall be distributed to the members, directors, and
officers of the Association.
Section 4. The powers of the Association shall be subject
to and be exercised in accordance with the provisions of the
Declaration which governs the use of the condominium property.
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ARTICLE IV
MEf•1E3ERS #
i
Section 1. .'~11 unit owners in their Condominium shall
automatat
cally be members of the Association, and their membership
shall automatically terminate when they are no longer owners of a
unit. If a member should sell his unit under the provisions of
the Geclaration, the grantee from such memVer will automatically ~
acduire membership in the Association. f•1emk~ers;irip certificates i
are not required and may not t,~ issued. _ s
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