HomeMy WebLinkAbout0528 Section 2. The Association shall have all of the powers
reasonably necessary to implement its purpose, including, but not
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
def. ray 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;
(9) To maintain, repair, replace and operate the
condominium property;
(5) To reconstruct improvements upon the condominium
property after casualty and to further improve the
property;
(6) 'I'o make and amend ray-Laws for tl~e Association and
reyulations respecting the use of the condominium
property;
(7) To approve or disapprove the prnposed purchasers,
lessees and mortyagees of condominium units as
required by the Declaration;
(8) To enforce by legal means the provisions of the
Declaration, these Articles, the Ry-Laws and the
regulations for the use of the condominium
property;
(9) Tc~ 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 mainten.anee of the
~ common elements. The association shall, however,
i
ret~~'in at all times the powers and duties granted
~ therm by the Condominium Act, including, but not
t limited to, the making of assessments, promulgation
~t rules, and execution of contracts on behalf of
~ the association.
Section 3. All funds and title to all properties acquired .
by the Ass
c ation and the proceeds thereof shall be held only for
the benefit of the members in accordance with tt~e provisions of
~ the condominium documents. Teo part of tt~e income, if any, of the
Association shall he distributed to the members, directors, and
officers of the Association.
Section 4. The powers of the Association shall be subject
s to and be exercised in accordance with the provisions of the
Declaration which governs the use of the condominium property.
AR'ricLr iv
MENDERS
(
9 Section 1. till unit owners in their Con.l~minium shall
automat ci
ally he merrhers of the Association, .-rnd their membership
) shall automatically terminate wh^n they are no longer owners of a
unit. If a member should sell his unit under the provisions of -
the Declaration, ttie grantee from such member will automatically
acquire membership in the Association. Membership certificates
are not required and may not be issued.
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