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1 (g) obtaining of insurance for the Condasln /a. 90._..10604`.' (h) Repairing and maintaining the property and buildings In each Condominium Property Aoglma and repairs, replacement and restoration of the Condmwlnlue Property Regitme in accordance with the other provisions of theme By -Laws. after damage or destruction by fire or other casualty or as a result of Condswotion or ssinent dalain proceedings. S.ntion s. NanesNeeE Aoeowht and l9ariesmr. The Board of Administrators tsay employ for the Condminia a managing agent and /or a manager at a compensatlon established by the Board of Administrators, to perform such duties and services as the Board of Administrator* shall authorise. including but not limited to the duties listed in subdivisions (a), (C), (d) . (g) and (h) of Section 2 or this Article III. Ths Board of Administratore may delegato to the manager or managing agent. all Of the powers granted to the Board of Administrators by theme By -Laws OVw than the powers set forth in subdivisions (b), (e), and (f). of 1 Section R of this Article III. Section 4. a1anLlan and Tarty. At the first armnma) nesting at the Association. On nowbere of the Board of Administrators shall be eleidsted to serve until the next annual meeting of the Association; provided that if said next annual smiting 1s lees than six (6) months from that date of the first annual meeting. the Administrators shall be elected to serva until the annual almating immediately following the next winual sooting whichh is lees than six (B) months In the Yuture. Each Administrator shall be elected tlw4ufter to'eerve a tars of arse (1) year or until his successor shell have boon duly elected by the Amracistion. Administrators shall be gloated by majority veto of the sembere, there being aim vote for mesh suit* in the Condosinia. gaGtim S- Removal of Administrators. At any regular or special meeting of the Association, any one or more of the members of the Soard of Administrators may be removed with or without cause by a vote of a majority of the mombere and a werceeeesr eey then err! there or thereoftey be elected to till the vaear4y th= created. Any members of the Board of Administrators whose ryrhnvai ties town proposed by the Association owoore shall be given reasonable notice of and an opportunity to be hh.wrii at the mooting. Saation a. Vacancies. Vacancies in the Board of Administrators Caused by any reason,, other than t9 o ra wval of a *em4*r thereof by a vats of the Association shall be filled by vats of a majority of the remaining 'Administrators at the special meeting of the Board of Administrators field for VMI: purpose promptly after the occurrence of any such vacancy, even though the members present at such westing may constitute less than a quortan, and each person so elected shall be a member of the Board of Administrators for the remaindar of the term of the member so removed and witil a vj=e000r Shall to •. etoeeted at the next winual meeting of thn Association. Bastian 7. Annual Board misfire. The anwmwl Emoting of the weal mrs of the Board of Administrators shall be hold ismed lately rfozl,owing the annual Emoting of the Association, at such ties and place as shall be 10:ixed by the A,mclation at the meeting at which such Board of Administrators shalt have been elected, and no notice shall be necessary to the newly elected members of the Board of Administrators in order to legally aorntitute such mooting, providing a majority of the whole Board of Administrators shall be present thereat. B.etien 8. tlmscial Board eisstinom. Special aestinge of the Board of Administrators way be called by this President upon five (3) j business days' notice to each member of the Board, given by mail, which notice shall state the time, place, and purpose of the meeting. Spacial meetings of the Board of Atbinistracers shall be called by the Provident or Secretary in like manner and Ilk* notice an the written request of at least three (S) seaters of the Board of Administrators, unless there art loss then three (a) sombers, in which 'r ievait. upon the written request of the ens or two remaining. Section B. waiver of Notion. i Any member of the Board or WAinistrators may. at any ties. waive notice of any meeting of the �• Board of Administrators in writing, and such waiver shall be doomed equivalent to the giving of such nodes. Attenwlw= by a somber of the Board of Administrators at aa,y sooting of the Board shall ocns4ituts a waiver of rmtiice to him of the ties ants place thereof. If al l the members of the Board of Administrators are pronot at R «y Emoting of the goats. no notice shall be required and any business may to transacted at such westing. eiYr iii. iy. ~aw,ir. At all m stinge of the Board of Administrators. a majority of the members thereof shall consI itute a quorum for the transaction of business, and the votes of a majority, of the members of the Board of Administrators present at a mooting at which a quorum is present shall constitute the decision of the Board of Administrators. It at any Emoting of the Board of Administrators there stealI be loos than a quorum present. a majority of those present may adjourn the westing frCm time to ties. At any such adjournment at which a quonn is present, any business which might have been transacted at the roosting originally galled. say be traneaotsd without further notice. Oggj:ie" ,11. fiallity sands. The Board of Administrators say obtain adequate fidelity bonds for all officers and employees of the Association handling or responsible for Association funds. The premiums on such bonds shall constitute a common expense. Lseetigq 12. co.otwueation. No member of the Board of Administrators shall receive any compensation from the Association for acting as such, except that re shall receive reimbursement for expenses actually incurred by them as Administrators. dw- T.1'If.a: 1. ...._ .. 'LNIYI.fSI C I