Laserfiche WebLink
qo- 10604'." <br />The members of the Board of Administrators shall not be liable to the suits owners for any <br />slatsks Of judgmsit, negligance. or otherwise, except for their am individual willful misconduct or <br />badIMU. The members of the Board of Ad•iniatrators shall have no personal liability with respect <br />to any contract made by them on behalf of the Association. Every agrymsmrtt sods by the Board of <br />Administrators or by the managing agent or by the manager on behalf of the Association shall provide <br />that the members of the Board of Administrators or the managing agent, or the manager, as the Cass slay <br />i be, an acting only as agents for the Association and shall have no personal liability tharsunder. <br />Ieataan ta_ Bueansion of Jurisdiction. <br />The filing of a Nester Deed creating a condos Was property r I" in arsnlwood Third <br />Bu4diviaion. Grand Island. Mal l County. NormsM. shall automatically extsoid the jurisdiction of this <br />asnars Association to inelWS the nwly created condominium property regie*. Upon such extension, the <br />iollowlrag Mall apply: <br />gal The Associations costs of repairs and maintenance and all other expenses ■hall be <br />allocated to the particular Condominium Property Regime rewiring or bnwfiti ry, from <br />the same. If more than one bs,efits, then the expense shall be prorated batwesn the <br />benefiting Condominium Ragleme in proportion to the bonsfits of arch as reasonably <br />determined by the Board of Administrators. The expenses allocated to a particular <br />property regime shall be paid as allocated according to the Master Dead for that <br />Regims. <br />CO) The number of votes for the expanded Association shall bs Rine aggregate number of vote <br />j in each separate regime asking up the Association and at meetings of the expanded <br />Association the rules for a quorw, for determining whether an motion shot l be taken, <br />for election of the members of the Board of Administrators and all other purpooss shall <br />be as is provided in these mgr -Lawo construed an the expanded number of aggregate <br />votes. <br />1 to) kin only one rsg1M is affected by a decision of the expanded Association then the <br />Board of Director may but Owl l not rnesmsari ly be required to, meek the approval of <br />only the ewers in that affected regime. <br />ARTICLE IV. OFFICERS <br />Scotian <br />I. Designation. <br />Tfe officers of the Association shall consist of a President, Vice President, Secretary and <br />Treasurer end such additional officers as the Administrators shall from ties to time does necessary. <br />MY poison my hold two or man offices, but no one person shall hold the offioss of President and <br />Secretary simultaneously. Mebers of the Board of Administrators may also be officers. The President <br />WAY be sleeted from the members of the Board of Administrators. <br />Section 2. Election, <br />TM officers of the Association shall be elected annually by a majority vote of the Board of <br />Administrators at the annual Board meetings and .ehalI hold office at the pleasure of the board. <br />victim a. Iemeval, <br />upon the affirmative vote of a majority of the Board in attendance at an annual or special <br />smarting, any officer way be removed, with or without cause. and his aaooamsor shall be elected <br />thereat. <br />Tl'm President shall be the chief executive officer of the Association. Fie shall preside at <br />all seetings of the Association and of t9» Board of Administrators. he shall have all of the general <br />Powers and duties which are incident to the office 4f President of a KKwkwufit corporation, including <br />but not l lotted to, the POWs? to appoint committees free among the suntan owners from time to time as <br />In say at his discretion decide IS eppropriats to assist in the Conduct of tins affairs of tins <br />1 Asmat ati on. <br />Sectim 5i VIVA j!0seld" <br />I'M Vice President shall take the place aP t,.** President and pe-rf-m his or her LMlt +se "Ve.,wyer <br />the PresidwnR shall be absent or unable to act. Li' neither the President nor the Vice President is <br />able to act, thu Board of Administrators shall appoint some other member of the Board of <br />Administrators to act in place of the President. on an interim basis. The Vice President shall also <br />perform Such other duties se shall from ties tO time be imposed upon hie or her bin the Board of <br />nowinletraters or by the President. <br />Section jl.. Secretary. <br />The Secretary shall take the minutes of all meetings of the Association and of the Board of <br />Administrators, and shall keep same at the principal office of the Association unless otherwise <br />fralructed by the Board of Administrators. he or she shall have charge of etch books and papers as the <br />i Bard of Administrators may direct; and he or eft shall, in general. perform at l the duties incident <br />to the ortice of secretary of a nonprofit corporation organised under the law of the State of <br />' Saatlen 7. Treasurer. <br />The Treasurer shall have the respw lbi 1 ity for Association funds and securities and shal l be <br />rNpo MIS for keeping ful l and accurate financial records and books of account showing at l receipts <br />and disbursements, and for the preparation of all required financial data. He or she shall be <br />responsible for the deposit of all monies and other valuable effects in the now of the Board of <br />Administratorst and he or she shall, in general, perform all the duties incident to the office or <br />tmmmrvr of a non -profit corporation organised under the laws of the State of Nebraska. <br />Section B _ Condensation. <br />COoWilation of officers shell be fixed by the Board of Administrators and shall be reasonable <br />�- <br />s,. <br />