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HomeMy WebLinkAbout0977 ~ _ _ regulations for the use of the property in the condominium; (i) to contract with professio~al citrus caretaking end harveating firms for the management of the business affairs of the condominium and to delegete to such contrector all powers and duties of the corporation except such as are specifically required by the Declaretion of Condominium to have approval of the Board of Directors or the shareholders of the corporation; to contract for the management or operation of portions of the commori elements sueceptible to separate management or operation; (k) to employ personnel~to perform the sevices required for proper operation of the condominiwn; . (1) to delegate or contract for the performance of its powers end duties where delegation is not specifically prohibited. 3. All funds and the titles of all properties acquired by the corporation and their proceeds shall be held in trust for the shareholders in accordance with the provisions.of the - Declaration of Condominium, these Articles of Incorporation, ! ; . ~ and the By-Laws . ~ 4. The powers of the corporation shall be subject to and shall be exercised in accordance with the provisions of the Declaration of Condominium and the By-Laws. ARTICLE XIII - Shareholders 1. The shareholders of the corporation shall consist of all of the record unit owners in the condominium, and after ~ termination of the condominiw~n shall consi$t of those who are shareholders at the time of such termination and their successors and assigns. _ - 6 - , BO~K J80 PAGE 9~~ JOR~EN, MELROSE b SCMUETTE. O A, NINTM FIOOR. 1401 BRICKELL AVENUE. MIAM~, F~ORIDA 33~31 • TEIEPMONE (305) 3~J~~571 i f