HomeMy WebLinkAbout2345Declaration of Condominium, maintenance services furnished at the
expense of a member and other services furnished for the benefit of
a member.
6.5 Assessments for Emer qencies. Assessments for common
expenses of emergencies that cannot-be pa~d from the annual assess-
ments for common expenses will be made only after notice of the need
for such is given to the apartment owner concerned. After such
notice and upon approval in writing by persons entitled to cast more
than one-half of the votes of the apartment owners concerned, the
assessment will become effective, and it will be due after thfrty
(30) days' notice in such manner as the Board of Directors of the
Association may require in the notice of assessment.
6.6 D~sitorY. The depository of the Association will
be such bank or banks as shall be designated from time to time by
the directors and in which the monies of the Association will be
deposited. Withdrawal of monies from such accounts will be only by
checks,signed by such persons as are authorized by the directors.
6.? Audit. An audit of the accounts of the Association
will be made annually and a copy of the audit report will be fur-
nished to each member not later than April 1 of the year following
the year for which the audit is made.
7. PARLIAMENTARY ROLES.
Roberts' Rules of Order (latest edition) will govern the
conduct of Association meetings when not in conflict with the
Declaration of Condominium, Articles of Incorporation or these
Bylaws. ,
8. AMENDMENTS.
Except as elsewhere provided otherwise these Bylaws may be
amended in the following manner:
8.1 Notice of the subject matter of a proposed amendment
will be includ~d in the notice of any meeting at which a proposed
amendment is considered.
8.2 A resolution adopting a proposed amendment may be
proposed by either the Board of Directors of the Association or by
the members of the Association. Directors and members not present
in person or by proxy at the meeting considering the amendment may
expzess their approval in writing, providing such approval is
delivered to the Secretary at or prior to the meeting. Except as
elsewhere provided, such approval must be eithe~ by: }
, (a) Not less than 75$ of the entire membership of
the Board of Directors and by not less,than 758 of the votes of the
entire membership of the Association; or
(b) By-not less than 80$ of the votes of the entire
membership of the Association; or .
(c) Until the first election of Directors, only by
all of the directors; provided the amendment does not increase the
number of apartments or alter the boundaries of the common
elements.
8.3 Proviso. Provided, however, that no amendment will
discriminate against any member, unless the member so affected shall
consent; and no amendment will impair the validity or priority of
any mortgage covering any apartment.
9 BONDING. Fidelity bonds shall be required by the eoard
of Directors from all Officers or Directors of the Association who
control or disburse Association funds. The amount of such bonds
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