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will affect or impair the validity or priority of any mortgage covering any apartment,
9. BONDING , Fidelity bonds shall be required by the Board of Directors ~
from all Officers or Directors of the Association who control or disburse Association j
funds. 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 3
for common expenses. The premiums on such bonds shall be paid by the Association.
The foregoing were adopted as the BylawB of SAND DOLLAR VILLAS
CONDOMINIUM ASSOCIATION , INC . , a corporation not for profit under the laws of
the State of Florida, at the first meeting of the Board of Directors held on the 12th
day of October 1978.
TONY SOTOL GO, Preside
ATTEST:
~ FAITH SOTOLONGO, Secret (Corporation Seal)
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