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201309492 (b) Determination of the common expenses required for the affairs of the Condominium, including, without limitation, the operation and maintenance of the condominium property. Common expenses of the Association shall include garbage, water, and sewer expenses. (c) Collection of the assessments (which for the purpose of these By- Laws shall mean such portion of the common expenses as are payable by the respective owners) from unit owners. (d) Employment and dismissal of the personnel necessary for the maintenance and operation of the general common areas, limited common areas, and facilities. (e) Adoption and amendment of rules and regulations covering the details of the operation and use of the condominium. (f) Opening of bank accounts on behalf of the Association and designating the signatories required therefor. (g) Obtaining the insurance for the Condominium pursuant to Article VI, Section 1. (h) Making of repairs, additions and improvements to, or alterations of the condominium and repairs to, replacement and restoration of the condominium in accordance with the other provisions of these By- Laws, after damage or destruction by fire or other casualty or as a result of condemnation or eminent domain proceedings. Section 3. Managing Agent and Manager. The Executive Board may employ for the condominium a managing agent and/or a manager at a compensation established by the Executive Board, to perform such duties and services as the Executive Board shall authorize, including but not limited to the duties listed in subdivisions (a), (c), (d), (g) and (h) of Section 2 of this Article III. The Executive Board may delegate to the manager or managing agent, all of the powers granted to the Executive Board by these By -Laws other than the powers set forth in subdivisions (b), (e), and (f), of Section 2 of this Article III. Section 4. Election and Term. The members of the Executive Board shall be elected to serve until the next annual meeting of the Association. Each Executive Board Director shall be elected to serve a term of one (1) year or until his successor shall have been duly elected by the Association. Directors shall be elected by majority vote of the members, there being one vote for each unit in the condominium. Section 5. Removal of Directors. At any regular or special meeting of the Association, any one or more of the members of the Executive Board may be removed with or without cause by a vote of a majority of the members and a successor may then and there or thereafter be elected to fill the vacancy thus created. Any members of the Executive Board whose removal has been proposed by the Association owners shall be given reasonable notice of and an opportunity to be heard at the meeting. Section 6. Vacancies. Vacancies in the Executive Board caused by any reason other than the removal of a member thereof by a vote of the Association shall be filled by vote of a majority of the remaining Directors at a special meeting of the Executive Board held for that purpose promptly after the occurrence of any such vacancy, even though the members present at such meeting may constitute less than a 4