HomeMy WebLinkAbout0491 occurrence of any of said events, a special meeting for the
purpose of electing interim Directors will be held upon due and
proper notice being given to all unit owners in accordance with
applicable law and the By-Laws of the Associaton. The interim
election and all subsequent elections shall take place in
accordance with the procedures set forth in the ey-Laws as
applicable to regular meetings. An employee or an agent of a
business entity owner, such as Developer, shall be eligible to
serve as a Director of the Association. Developer shall be
entitled to elect at least one member of the Board of Directors of
the Association as long as Developer holds at least one (1) of the
units in the condominium for sale in the ordinary course of
business.
15. BY-LAWS. The operation of the Condominium shall be
governed by the By-Laws of the Association. No modification of or
amendment to the By-Laws shall be valid unless set forth in or
annexed to a duly recorded amendment to this Declaration in acco r-
dance with the formalities set forth herein. No amendment to the
By-Laws shall be adopted which would affect or impair the validity
or priority of any mortgage held by an Institutional Mortgagee
covering any condominium parcel without the consent of said Insti-
tutional Mortg agee. Defects or omissions in the By-Laws shall not
affect the validity of the Condominium or title to the condominium
parcels.
16. MAINTENANCE, ALTERATIONS AND IMPROVEMENTS.
Responsibility for the maintenance of the condominium property and
restrictions upon alterations and improvements thereof shall be as
follows:
16.1 Common Elements.
(a) The maintenance and operation of the common
elements shall be the responsibility of the Association and
shall be a common expense;
(b) There shall be no material alteration or further
substantial improvement of common elements without prior
approval, in writing, by record owners of seventy-five
percent (75$) of all units. The cost of such alteration or
~ improvement shall be a special assessment and so assessed.
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~ 16.2 Units and Limited Common Elements.
(a) The Association shall maintain, repair and replace
as a common expense:
(1) All portions of a unit contributing to the
support of the building, which portions shall include,
but not be limited to the outside walls of the building,
all fixtures on the exterior thereof, the perimeter
baluster and walls abutting each balcony and terrace,
including the exterior surfaces thereof, boundary walls
of a unit, floors and ceiling slabs, load-bearing
columns and load-bearing walls, but shall not include
screening, windows, exterior doors, glass and interior
surfaces of walls, ceilings and floors;
(2) A11 conduits, plumbing (hut not fixtures),
wiring and other facilities for the furnishin~3 of
5 utility services which are contained in a unit but which
service all or parts of the building other than the unit
within which contained;
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343 ~~~E 441