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(e) In general, he shall perform all duties incident to
the office of secretary and such other duties as
from time to time may be assigned to him by the
President or by the Board of Directors.
Section 7. Treasurer:
(a) The Treasurer shall keep full and accurate accounts
of receipts and disbursements in books belonging to
the Association, and shall deposit all monies and
other valuable effects in the name and to the
credit of the Association, in such depositories as
may be designated by the Board of Directors;
(b) ~He shall disburse the funds of the Association as
ordered by the Board, taking proper vouchers for
such disbursements, and shall render to the
President and directors, at regular meetings of the
Board, or whenever they may require it, an account
of all his transactions as Treasurer and of the
financial condition of the Association;
(c) He may be required to give the Association a bond
in a sum and with one or more sureties satisfactory
to the Board, for the faithful performance of -the
duties of his office, and the restoration to the
Association, in case of his death, resignation or
removal from office, all books, papers, vouchers,
money or other property of whatever kind in his
possession belonging to the Association.
Section 8. Vacancies: If the office of the President,
Vice-President, Secretary or Treasurer, one or more, becomes
vacant by reason of death, resignation, disqualification or
otherwise, the directors, by a majority vote, may choose a
successor who shall hold office for the unexpired term.
Section 9. Resignations: Any director or other officer may
resign his office at any time such resignation to be made in
writing, and to take effect from the time of its receipt by the
Association, unless some time be fixed in the resignation, and
then from that date.
ARTICLE IV
POWERS AND DUTIES OF THE ASSOCIATION
The Association shall have all powers granted to it by law,
the Declarations of Condominium, the Condominiwn Act, and the
Articles of Incorporation, all of which powers shall be exercised
by its Board of Directors, unless the exercise thereof is other-
wise restricted in the Declarations of Condominium, these By-Laws,
or by law. The powers of the Association shall include, but not
be limited to, the following:
~ (a) To levy and collect regular and special assessments `!
~ and to establish the method and time within which
payments are to be made;
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