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200109184 an owner, shall be entitled to cast the votes appurtenant to such unit at all meetings. The designation of any such proxy shall be made in writing to the Secretary, and shall be revocable at any time by written notice to the Secretary, by the owner or owners so designating. In instances of other than individual ownership, any or all of such owners may be present at any meeting of the owners and (those constituting a group acting unanimously), may vote or take any other action as an individual owner either in person or by proxy. However, no person may act as proxy for the owner or owners of more than one unit. A fiduciary shall be the voting member with respect to any unit owned in a fiduciary capacity. Section 8. Majority Vote The vote of a majority of the votes represented at a meeting at which a quorum shall be present shall be binding upon .all unit owners for all purposes except wherein the Master Deed and Declaration or these By -Laws require a higher percentage vote. Section 9. Procedure, The President shall preside over members' meetings and the Secretary shall keep'the minute book wherein the resolutions shall be recorded. Section 10. Adjournment. If any meeting of the Association cannot be held because a quorum has not attended, a majority in common interest of the unit owners who are present at such meeting, either in person or by proxy, may adjourn the meeting to a time not less than forty -eight (48) hours from the time the original meeting was called. ARTICLE III. EXECUTIVE BOARD Section 1. Number and Qualification. The affairs of the Association and the Condominium shall be governed by an Executive Board (also called "Directors "). Declarant, pursuant to Article VI of the Master Deed and Declaration shall designate all members of the Executive Board and officers of the Association. The Executive Board shall be composed of not less than three (3) nor more than eight (8) persons, all of whom shall be unit owners in the Condominium, unless at the time there are less than three owners in the Condominium. Section 2. Powers and Duties. The Executive Board shall have the powers and duties necessary for the administration of the affairs of the Association and the Condominium, and may do all such acts and things except as by law or by the Master Deed and Declaration or by these By -Laws may not be delegated to the Executive Board by the unit owners. Such powers and duties of the Executive Board shall include but shall not be limited to the following: (a) Operation, care, upkeep and maintenance of the common areas, limited common areas, and facilities. (b) Determination of the common expenses required for the affairs of the Condominium, including, without limitation, the operation and maintenance of the condominium property. (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. 3