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2004 X9559 2002101 8.1 200109` 84 ARTICLE XII. RECORDS Section 1. Recordsand.Audit. The Executive Board or the managing agent shall keep detailed records of the actions. of the Executive Board and tie managing agent, minutes of the meetings -of the Executive Board, and firiancial records and books of. account of the Association, including a chronological listing of receipts. and expenditures.. Those records shall also include a separate account for each unit which shall contain the amount of each. assessment of common charges against such unit, the date when due, the amounts paid thereon, and the balance remaining. unpaid. A written report.summarizing all receipts and expenditures of the .Association, certified` by an... independent accountant, shall be rendered by the Executive Board to all unit owners-and to all mortgagees of units.who.have requested the same, promptly after the .end.of each fiscal year. The expense of the certified audit shall be paid by those requesting it unless a majority of the members of the Association vote in favor of-a certified audit at a regularly - called meeting. ARTICLE XIII. MISCELLANEOUS Section 1. 'Notices. All notices hereunder shall be sent by registered or .certified mail to the Executive Board c/o the Managing Agent, or iif there is no Managing Agent, to the office of the Executive Board or to such other address as the Executive Board may hereafter designate from time�to time, by notice in writing to. all unit owners and to all mortgagees. of =,units. All notices to any unit owner shall be 'sent by registered or certified mail, return . receipt requested, to such address as may have been 'designated by him from time to time; in writing to the Executive Board. All. notices shall be deemed to have been given when mailed except notices of change of address which shall be deemed to have been given. when received. Section 2. Invalidi . The invalidity of any part of these By -Laws shall not impair or affect in any manner the validity, enforceability or.effect.of the balance of these By- Laws. Section 3. Captions. The captions herein are inserted only as a matter of convenience and for.reference, and in no wady define, limit or describe the.scope of these By -Laws, or the intent of any provision thereof'. Section 4. Gender. The use of the masculine gender in these By -Laws shall be deemed to include the feminine and neuter genders and the use, of the singular shall be deemed to include the plural, whenever the context so requires. Section 5. Nonwaiver. No restrictions, condition, obligation or provision contained in these By -Laws shall be deemed to have been abrogated or waived by reason of any. failure to enforce same, irrespective of. -the number.of violations or breaches thereof which may occur. IN WITNESS WHEREOF, we, being all of the Directors of Indianhead- Condominium Unit Owners Association, Inc., have hereunto set our hands this day of .16