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<br /> - Y � ; � Sectton 10`��orl ll.� -
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<br /> '� �' ;F� -�" � �►t al!enesttngs oi the IExecutive 8oard,e m�jority of the mem6ere thereof shaq
<br /> �� .�;.�,,° ;<< � constitute�quoe�m for tP�e transectlo�of bust��, and the votes of e rr�ajority of the �`�-�-'
<br /> ��� :�. � :�� membe�s of the Exeauttve Board�resent et a meeting ai whlch a quorum is p�esent -
<br /> ��'�° � �` � ahaii consiitut� ths deciston of the Execudve �oard. tf st any meeting of th�
<br /> :''� � Executiv�6oard the�� sh�li be tess than a quorum present,a majority of those present :�:=
<br /> may sdjoNrn th� m�eting from time to time. At any such �dj�urnment s� wFiich a
<br /> ��' quorum Is preserit, �n business wi�ich mi ht have been transacted st the meetin
<br /> ;. `r`:• ._: �` Y 9 8
<br /> � �-: ,� originaliy called, rnay be transacted without funhar nottce.
<br /> .,� � „'� . _
<br /> = �``- ��' Seetio 11_ Fidelitv E�� c. �4``-'
<br /> . -
<br /> `'�' � �;'-_
<br /> � � , `��j.�. ::� T#7c� �scutive Board may obtein aQequate fidetity 6onds for a11 offdc�rs aRd �':L
<br /> _-�.�.r ��.;.': " K •
<br />. �.° ",<,.:._.-. qm#�I+�y�ae��vr t�ia;/��nctatlpn h�cxdiin}�or. rqsponsibte for Ass�clation funds. The
<br /> `=. �' "..-: ; �a�,4ntums an su�h�c��cl�s�i�![:�an�ituts:s cqmmon expense. . , :.�
<br /> �
<br /> : ' � .� �ection 12. Cam n on. , , '`
<br /> ` j{Si..rr�� � . : .. -. . i i .
<br /> � 4� ;, � �; � No member'+�f tRe Executive�oard shait recelve any ccee�pc�nsatton from t�iQ M �_�'
<br />:.;�1z��::��`•'.:.; ;; e4ssociat�on,fcr acting as s�ch, except that membe�s shali recetv��eimbursement�foc ��
<br />" , • ��.-�' expenses��atly incucred by them as Directors. �
<br /> � . ' .'�";.� S�ction 13_� Ciab3lity of Direetors. � • 4
<br /> �.;._ ;;.�:�,�� . . , . � . ... , _
<br /> � � ��'� . Td�e�o�nbers of the Executive Board shall.not be ltable to the unit owners for
<br /> � " i � any mista�,�f judgment, negiigence, or otherwise, except for their own u�idivtdual �.�,
<br /> �� � <<s;,` ��.:�:� iruil',�rW mise�a�cdu�t or.�ad f8ith. The members ot the Executive Board shail have no ' �
<br /> ' ����`-;>� :'� p�f�cin� ib�a�sity �ti�ii��:�spect to any aontract made by th��ro an behaif of tha -
<br /> !_` •�_.)r__�•.� �-i 0.ww..��M�w�i �'�r� ♦��i�111 B A V �1,. V �}� p�O bs�• *1�n .f .� i
<br /> � � �oovvtvstaarr., s�avi� v�ivQ..mv�L ���� �� .i1� �Li!$ aii..�� �.vT.a�v.siZvi�a�r�� � _-
<br /> �:_ , 's ag�nt or t�y.��ti��anager on beh�t sf the Association shall provide that t�n�onembe�s � �•
<br /> � � �� �� of tha Execu��ie Board or the macE�ging agent, or the manager, as the ca�:snay be, � ' ``
<br /> � :,� are.acting only as agents for ths Associanon end sha�l have no personal liability _
<br /> � . �.'� .:;� . ihereunder. ---
<br /> . ..--. _�.�;.-� . � _._
<br /> . .. . _ Section 14_ Ex�aesidn of,jJ�,���;€�r . , . _�
<br /> . . •�.t -- -- - • - . -
<br /> � `��� '��`� ��� ;�-�l;°�: Ueclarant has '�,�ved the �ight to add�up to four l41 mare units along-with � -
<br /> . .�,'.'"��_� .4 , ,; ��na�v � .. —
<br /> . � ��'�. c�.estate"u��inro.$�:;�dditianal tots being Lots Two t2) and Threa t3), .�;,����
<br /> ' . ;,�� � .,;;F����no�t�,��djvision to thc�'��:� of GraRd lsland, HaYf'County, Nebr��.�, to the � �,:�
<br /> � = F �� �i;t�ominiums which are ov�iti���y Gerald L. F�anzen and Shas����t�;.>��lfranaen,. .. . - -
<br /> < ;,.
<br /> - • � . .;�33�and.�rtd wife. Upan tha f3ian��eif�,��c�fanc#eti"�Jtaseer De��u.a�r�.`G�tz��t�n.�a;;,:r . - -
<br /> ' ��; �owners of tMe additionai units�1�i�u#am�t�+��py become memb�t�`�`.t�'ri�:J��cia�rr'-�' ' _
<br /> . ; �, � � -�...,._ .. ,�
<br /> and_the common expenses a¢��qtt�':�ndiv3e��d Interests in the co��r�r�vvill tie� :
<br /> � . `�� ';- �eallocated upon a ¢mnr�r�a uEtii�%�g ths square foota�e of Qa�; i�►"����.���asive �� �,: �'�`��} r =
<br /> ,� , basements) divided���r;�&�2a3�uare footage af ali units tex�Eis�I�i�rs��fi.b�aser�nents�f; ; .� � �..�``
<br /> . . , . . Each unit shafl ren�ain ��ttitted to or►e t11 vote per unit. The nui�ftiss2� of vot�s for th� � � �� �� _
<br /> f . � • r�}' 0xpanded Association shall b� tine agg�egate num&er of votes.and th@�l�S for a. ����
<br /> S . . ..�,��,�:,;•�����
<br /> � • • � i quorum, for determintng whether an ection shali be taken,� for et��!_ir�.�of t64a,, .. :�..s.t,,,i 1 =-
<br /> . �•� � ��.'��� �� mem6ers of the Executtve Bo�rd end ali effrter purposes sha0 he as provtdcd��¢�ihesa� f:'. � '���}; �;'
<br /> . �l�y-Laws. , ,�•:.,, . .;;. ��
<br /> �. . � ,�. . ' ''''
<br /> . . . .�'��.. .Ao►�tua�end sp�ciat assQS�mQnt�sttalt 6e tn propo�¢1on�a aitc�at���i�tarests`as ' �
<br /> ' � ' # h8rein s�Y fq�4h, oxcept es foltows; �
<br /> .v,',.,tl�ii: ': . . . . . ; -... r;:�.
<br /> .. .. . , , - �•_
<br /> .. �. . � � la) Any cammon expense associated with�t�n maintenance, repair or ��
<br /> � �� replacement of a Itmited common element must be assessed� . �_��
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