HomeMy WebLinkAbout04843~ The Board of Directors shall have the authority in
its sole discretion to designate this Corpcration as the Association
for additional condominiumsbuilt or to be built on adjacent
. ,
property.
ARTICLE III
PUi~I~RS
1. To operate and manage a condominium consisting of
a number of buildings and other facilities for the use and
benefit of the individual o~rners of the Condominium Units as the
agent of said ONners.
2. To carry out a11 of the powers and duties vested in
it pursuant to the Declaration of Condominium and the Bylaws and
regulations of the Condominium.
3. The'Corporation shall be suthorized to exercise and
enjoy all of the powers, rights and privileges granted to or
conferred upon corporations of similar c~aracter by the provisions
of Chapter 617, Florida Statutes, and Chapter 718, Florida Statutes,
and to do any and all of the things necessary to carry out its
operations as a natural person might or could do.
~ 4. No compensation shall be paid to Directors for
their service as Dire~,tors. Compensation may be paid to a
Director in his or her capacity as an officer or employee or for
other services rendered to the corporation other than in the
capacity of a Director, if and to the extent appiroved, in advance,
by the Board of Directors. The Directors to receive such compensa-
tion shall not be permitted to vote thereon. The Directors shall
-Z-
$~`o~ 349 PacE 485
~
_ ~~__ ~
~ - . :- . . _ ~ ~~ _
~.~ ~.Y .~.. _ .~m _ . -- ~ -~ - _ - , ~ - - - - .-~: