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<br /> :R�;��� 91""106101 �
<br /> �--:1s�t��ar..��.�.,:r.. l�Gtlen � -
<br /> -�� eion oI offlo�r��ha11 b� f/x�d by���4 ot Ad�1M�tr�tor� �nd NM11 b� n��w+lo
<br /> ;��� oo�p�Nition oon�ld�P1�t�M duEi�s of th�oft/o�. AnY 1�/�i�EraEOp wha 10 slso en offloM'r�11 not --
<br /> : L'�c• y_.r h�w � vat� In 11+� Mttfn� of carp+rts�tlan ta' tM Mlfa or oltloM h�ld pY Mid AiHMst�ator.
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<br /> = ,'.- • � � Illl �pr�w� etwak�� oontraats �u+d�p�M�d�slpnat�d by t b�bM e}A�In/strstoro. �-
<br /> � ��,��^ At�oal�tion or oY weh ot1»� P�r�on or pr�om Y
<br /> y� �----�-a ;�- IIRTICL! V. �IIDO�T AIID q�LqNENTd.
<br /> ... -"'i!,•s��
<br /> ;: .'� d�Otld� 1. lYd�L..
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<br /> _""�"'�"`. c ' � �oard of Ad�inistrato�s �hall adopt � w+di�L tor MeA t1�ea1 YM�� 1�1��� a���
<br /> _---� _ � .nd.nain�on a,. n.xe��i� san� �n,+�n .n.i� +nowa. en.•se�.wu w runa. r.a r...n,.e ror wt�rna
<br /> -,,�;:�n•'� : �xp�nN� in th� ao�1nY t1so�1 y�sr �nd to P�id� funda for wrnnt sxp�n�,
<br /> �•.�C'�'":"; � �i�t�nanu. r�Mrv�s ror r�P���t�. and n�'v�s W P�td�a worlcie� fun0 or to�e �ntioiptt�d
<br /> :-���:i�ik:;�i, ' t
<br /> loa��. �nd weh w�s as r�d�d to MIC� up �u►y dN'latt in tl» coro�� �xp�nM asM�wnt� Ior pr or
<br /> "--F�.-F����x� y�n. TtN hud9�t �71 b� +�doPtW in APNI ot �ach Y�r in advana of tb� eo�ina ti�cal Y�ar and
<br /> - ' .»��� }`. , orpb�ton th� 11��Y91s! O�ilinnin�Y�o1'�tlNSfl�1�yM�'for whiehtt�bud�y�t ���a0r.� �u1b aMeMr an
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<br /> '�,�.°����i��pl�-'•an.. oYdp�bs IIiY bll wnd�d durina� curr�nt fi�eal y�ar wM��n�apary. but CoP1h of t11� �Mnd�d —
<br />— �_._,�,-- buaQ�!and propoMd ino��aa or WionaM in uN�w�nts N�11 b��it�d to weh�uit� a�� pNar to �
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<br /> _-.F<:ra��--=�� ., •'• tM �}f�ativ� d�t� of weh inennM or d�orwN.
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<br /> ����•`�'�`='• . , o TM ftnt arvw�l s�wu�nt �71 b� 1wi�d �painat �ach wib �nd tM arrnr ltNnof on MaY
<br /> -_ .�� . 1, 199� o� MaY 1 ot th� n�xt fi�ca7 YMr aft.�r r�llnqui�nE al' eantrol of t!w A��ooiwtian bY
<br /> Y�,�, D�v�lap�r►which�v���»�ibl�lth th�+fi st W�o inalud� the nw�lnd�� afb� d/vl�ian�
<br /> :' � ' • (12) �onthly Pal� tiM tat of MsY +u�d tM 1st of��h ronLh
<br />- TMM ronthlY WYMnt. .n.�t wca.. du..na rur+��� 1Mon �
<br /> ;:��� � EMrNfN�duNnO LM�i�Cal YNr• �wl as�rMnL�tor�aeh fi�ut ywr th�r�a1't�r �1�a17 b� l�vi�d
<br />;���.,R �`:' . and �11 b�cw� dw and P�r�bt� in!M � w�nn�r. Annual ��M�n�nt� to b� 1�v1�d ayRi�t �weh
<br />�_ -a�, ', :;r.• - wit� �nd th� am�r thK�of N►Rlt b� e�put�d aewrdin� wch wit�ti�ba��a alw u Mt�fortM In
<br /> v.:; ... ., budY�t tor th� fi�l y�ar Wis�d upon th� P�rt�9�
<br /> ,...,, ",_ .
<br /> � ,• . Parayraph IV ot tlw M�st�r DMd.
<br /> -- :� � =° g�c�uq inwr�nu, r�P�ir �nd �lnbrnne� ana oe1Nr atryet cw�E� �ra ctfnrQ+aa�1a to tne �_�
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<br /> , �� conda�iniu�Nh1cM b�rNT/t� fra�tFw� tIN wit�� i�dilt�r�nt aaida�iniva�ay not Mav�Wwl a�o�xK�
<br /> � � of w�N����. —
<br /> � •. �� + � Znt!N■ A�f���ntf.
<br /> _ � Unt11 May 1. tY84, or �w�t11 tM f Ir�t 1�vY � �^^wl �����nts aceorainy to 5�etian 2 oP �,-.-
<br /> • ,+ .. �u���iMnts�iM11 b� dw �nd p��bl� on tM !i�t daY of wch u�l�ndar+�i�onth:tM fotlowino ie�t�rlw
<br /> ..�W 8Wt� Inte�H• AsMU�nt —
<br /> ' V#FM" � (P�r Nonlh)
<br /> , M ,.. ,,., �� f50.00 ;a-
<br /> �� ,_ 2 �ao.00
<br /> ' '- . Th� firsE 1nt�N■ a�N��nt �1ui17 accrw. u to a P�+�hawr ot a wit� frow D�wlop�r uP�
<br /> � �� ! � th� fir�t day o* th� n�xt eRl�nd�r nonth followina tM dwt� of elosinp. InNri� asMUMnt� �fMll —
<br /> '�'�+ :"� „ � p�eo� dw �nd paY�bl• upon tM fir�t OtY of �eh e�l�ndwr �onth. --
<br /> .r. • � - � Inor -p� in Int�N■ A�p�n�nt�. `
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<br /> . .. . �, _ ' Int�rf�awsfu�nta in !M aea�nCS �w+m 1n 8�et�a^ 9 of Artiel� V�ha11 not b� 1ner��Md wor� �!
<br /> ' LhRn fiv� p�runt (57t) durtng tM *�r�t y��r ��C�r tM fflin9 of th� M�st�r DMdr �d dur7ny �aeh '
<br />_ . �� suceNdinp y�ar th�r��ft�r. 1nL�r1w�s��M�nt�way rwt 1� inerwMd�ow th�t�n W�t (10x) +�bov� _
<br /> - th� l�wl of th� iw�di�t�ly pr�diny Yur.
<br /> �. � 8�Gt1on S 8w01a1 A�NS�nnt�. — -
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<br /> 8poe/a1 a�u�aNnt� �ay b� A����Nd and 1�vl�d R�I11nst �aeh wit� In addiEian tA tH� 1�nnw7
<br /> or 1nt�rie ass���nts provid�d *o� wbov�, du�ing any �ss��sw�nt Y�r for tM P��P� of d�fraying.
<br /> � 1n wlwl�or in part, tM eo�t of�nY eonatruction, r�eonstruation� i�Prov�Nnt, r�pair o� r�plae�nt
<br /> .uds•oe co
<br /> , of � eaPital iinprov�nt of th� earwn�l�nt inclutling flxtur�� and p�rsonal prop�rtY� �
<br /> th�oMn�r approv�l Drovisiona of th�MR�t�r ONd and tha� By-L�ws. WMr�no Provlsian 1• �ppllcwbl�.
<br /> th� d1�Gr�tion Ot th� Bo�rtl Of Aanlni�tratorf t1►�11 cantr0l.
<br /> 8p�c1�1 ��N��nt�sh�ll b� du� and P�Y�bI• thirlY (30) day� �ft�r th� a�s�saMnt is 1�v1�d
<br /> (O)ndRY�t►w�a*t��sh�1�W t�ahd �eeordiny�io tMnlnt�r„t,andsli�n~P�ov�1an�{h�Miwit��thfrty
<br /> t�
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<br /> ��10fl O ��'r011 OT A�N�fMflt/. F.
<br /> TM Adnini�tr�tors of th� 11�soCi�tiOn n�aY �rr�ng� to hav� a11 ass���nis in s�ctlon � or I
<br /> C. �etion 6 of Arttel• Y pald to �n ��eroN fund to b� Mld �ntl awnay�a bY • �k a►' Mvinp� antl lo�n �
<br /> �'
<br /> ' �t�ocl�tion. ;
<br /> • . —_ •1on 7 P�raoMl A�s���ne 1.tao�i�s� .-
<br /> 8ach �u1t� own�r or, if nor� th�n oa�� ow'n�rs, 3olntty �nd wv�r�lly, shMll D� P�rwru�l7y
<br /> lf�bl• for tM p�YM�t of �sa����ts und�r tM pr�e�li�8 8�et�o��• Upo� th� �MP�rati0n of thlrLy
<br /> (E!0) days fra� Ch� du�dRt� of an �sM�sMnt. Sf said ass„s�nt rMafn�unp�id. tn� A�soef�tlon�ay
<br /> � brinp sult agal��t tM oMn�r or own�r� of u�ltl suit� for r�cov�ry of LM �. If tl►� ��M�wnt f�
<br /> • � �onthly 1nst�17NnE of �n annwl au�ssMnt. !M Wfwult in p�Y�nt of oM irntallw�nL wMn du��
<br /> eay, �t iM optio� of LM A�sociation, eaus� tM r�wai�tl�r of th� Snstalln�nt• dw for Lhw! �n�w1
<br /> . w�ip�d�M�iM orMUM�tMnL� f!���tbEMr�on frollf tM idU�d�t�•Co tM t�p�id �t cM high�s
<br /> .. � EXHIBIT A 5 of 10 ,
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