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will affect or impair the validity or priority of any mortgage oovering any apartment.
9. BONDING . Fidelity bonds shall be required by the Board of Directora
from all Officers or Directore of the Association who control or disburse Aesociation
funds . The amount of such bonds shall be determined by the Directors , but ahall be
not less than one-half of the amount of the total annual asaessments againet members
for common expenaes . The premiume on euch bonds shall be paid by the Aaeociation .
The foregoing were adopted as the Bylawa of SAND DOLLAR VILLAS
CONDOMINIUM ASSOCIATION , INC ., a corporation not for profit under the laws of
the State of Florida, at the firat meeting of the Board of Directors held on the 12 th
day of Oc tobe r , 1978 .
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TONY S LONGO , P aident
ATTEST:
AITH SOTOLONGO, Secretary
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(Corporation Seal)
BOOK348 PA~E1649
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