HomeMy WebLinkAbout1402 - d. To maintain, repair. replace and operate the condominium
properties .
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e. To purchase insurance for the condominium properties; and ~
insurance for the protection of the Association and its members as condominium unit
owners . -
f . To reconstruct improvements after casualty and to further
improve the condominium properties.
g. To make and amend reasonable regulations respecting the use
of the condominium properties .
' h. To approve or disapprove the transfer, mortgage and ownership
of condominium units as may be provided by the separate Declarations of Condomiuium _
- and the Bylaws of the Association .
i . To endorse by legal means the provisions of the Condominium
Act, the separate Declarations of Condominium, -these Articles, the Bylaws of the
Association and the Regulations for the use of the condominium properties .
j . To contract for the management and operation of the condominiums,
including their common elements; and to thereby delegate all powers and duties of the
Association, except such ae are specifically required to have approval of the Board of
Directors or of the membership of the Association .
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k . To contract for the management or operation of such portions
of the common elements of the condominiums as are susceptible to separate management
and operation, and to -grant lessee of those portions for this purpose.
1. To enter into leases, as Lessee.
m. To employ personnel to perform the services required for the - t
~ proper management and operation of the condominiums . -
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- 3.3 . All funds , except such portions thereof as are expended for the
common expenses of the condominium, and the titles of all properties will be held in
trust for the members of the Association, in accordance with their respective interests
under the separate Declarations of Condominium, and in accordance with- the provisions
of these Articles of Incorporation and the Bylaws of the Association .
3.4. The powers of the Association will be subject to and will be
exercised and in accordance with the provisions of the separate Declarations of
Condominium and the Bylaws of the Association .
ARTICLE 4
- MEMBERS
4.1. The members of the Association will consist of all of the record
owners of the condominium units in the condominiums , said condominium units being .
apartments of various types; and after termination of any condominium will consist of ;
those who were members of the terminated condominium at the time of such termination,
their successors and assigns , and of the record owners of condominium units in the
j remaining condominiums .
4.2. After receiving approval of the Association, change of membership
will be established by recording in the public records of St. Lucie County, Florida, a
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~~338 P~F~400 ~
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