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<br /> . ���6 �LP, �.,taP'
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<br /> bu� n�� liu�ited to, �ho power to appo�.nt aommf�4:eoa Prom among th� _- -
<br /> � au�.te o�ers from time to t�me as he may at hi� disaretion de��de � • „
<br /> � ie appropriats �o asei�t in the aonduot oP the af�airs aP tlne
<br /> Aesoai.a�ion. � f--:;-��;
<br /> �ggtion S. - ear_etarv. lhe Sear��ary shall tia�.o �hcz utinut�� ftt�_��, -
<br /> of a].l maetings oF the Assoaiation and oP the �oard of
<br /> Administrators, and shall keep same at the prinaipal office of th� � �•°•����°__
<br /> Assoaf a�ion unleea o�herwise i�natruated by th� Bonrd ot ;,. ��;,�,:��.-
<br /> - Adniinistratars, ho or she sha11 have aharge of suah booke and ...��,:-------
<br /> � papers as the Hoard of Adm3nistratore may direat; and he er sbe •i,. �__`.,,M.�=--"
<br /> " ehali, in general, perform all Y.he du�ies inai4ent to the oifiae ��' �_ �-=�``"'°'°
<br /> the sao�etary of a ncsn-profit aorporation organized undar the laws �'=--
<br /> � of the State of Nebraeka. '�'� -
<br /> �::•..::.r-._
<br /> ° ,��t1ox�,�. Treasurer• Tlxe Treaeurer shall have the ''"' --
<br /> ����;=---
<br /> �� responsibility Por Aseociation funds and seauri�ies and shall be =_-�
<br /> , xesp�nsible Por kesping full and Aaaurate f inancial recorda a►nd �-
<br /> books of account showing all reaeipte and disbu��aefaefl�e , a�d Pox �_ - -
<br /> the preparation of all required f inamaial data. He or she ahall bs m�=-
<br /> responsible for the depoait of all monies and other valuable ,,�
<br /> ePfeate in ths nama of the Board of Administratora, and he or el�e �'��°'-�-
<br /> Bhal1, �.n general, perfoxm a].1 the duties inci.dent to the o�f iae of -
<br /> treasurer of a non-profit aorporation organized undex the laws cf }_"-_==�-
<br /> the State of Nebras3ca. ==--
<br /> ,�ction 7. co�}pensatioa,_ compensati�n of oP�icer� ahall be E.�-�
<br /> " fixed bx the Board oE Administrato�s and shall be re�BOnab].e �_�
<br /> aompansation con�idering the dutios of the offiae. Any
<br /> _- - administrator wno i�c also an of=iu�� s;a�l nat :�w•,rs a y=te �•, tt,e �� .:�.,,�.
<br /> setting of compenaation for the offiae or offices hnld by said ;��-�-
<br /> Administrator. � y`"'
<br /> �
<br /> , QAQt�an g. ,�c�a�mant� Cont�act �tc. All agreements, � -
<br /> � cheal�o, contraate and other inatruments shall be eigned by two .. s,f,
<br /> oPfiaere of tho Association or by suah other p�rson or persons as
<br /> may be dsaignated by the �oard o� Administr�tors. � ��
<br /> ;�
<br /> � ARTICLE V. BUDGET AND A38ESSMENTB ..
<br /> '��
<br /> eec.tion 1. �udget• The Board of Administratora ahall adopt
<br /> Y.t
<br /> a budget for each fiscal year, beginning on May ir�t and ending on � `� �.�- _
<br /> the next April 30th, which sha�l include the estimate of funds � `` `�__
<br /> required to defray common oxpenses in the coming Piscal year and to �;i': ��, -� _
<br /> prov�de funds for current expenaes, reserves for defarred '
<br /> mainte�nan�e, reservsa gor replacements, and raserves to provide a ! `. �-}
<br /> working fund or to maeting anticipated losaes, and such sume as � , i
<br /> needed to make up any deficit in the comm�n expense asaessmenta for 4 �
<br /> pr�.or years. Tho budget shall be adoptec3 in April of each yQar in �'� 4�,�
<br /> advt�nae oP the coming Pisaal year and copie� of the budget and the R. " �
<br /> annue�l aesessments for Baeh suite ahall be sent to each �ui�o owner „ �� �.;
<br /> on or bePoro the May iat beqinning oP the fiscal year for which the
<br /> . bud�et i s m�de. • � �r�'
<br /> Budgots may be amended during a current fiscal year where ', ��'
<br /> noc:oossry, but copie� of the amended budget and propoaed increass ; . �
<br /> ox deorense in asaessmenta sha11 bo mailed to each suite owner i . ,.,.T
<br /> prior. to the affective date of such increase or decrease. �
<br /> ��et �?.. Az�nua]_ Assessments. The f irst annual assessment ', .�,�
<br /> shall bo laviod against Qach suite and tha owner thereo� on May 1,
<br /> , 199'.', , or I�ay 1 of t•he noxt fisca]. yea� aft�r relinquishment of _ ,�I -
<br /> � oon�rol of tho Association by Developer, whichever shall laat ,. ,
<br /> __, ,..,.- a�,si i r� �aiv,tc�c,d as evenlv illto 12 . ' '
<br /> `----—_- ----.....�
<br /> 0(jQU�'� Ts1C1 QnIt6iQS cioovoon�ouv w ..�... __ _._'--' -. _ —_'r
<br /> mon�E�].y pceymc�ntr� a� poESible wi.th the first payment to inc'luda tha ;
<br /> ramaindor aPtnr division. These monthly payments shall become due ��
<br /> • prid �pyablo u on the ist of May and the ist of each month •i
<br /> �h�raaY�ox c�ux�ng �he fiscal year. Annual asseasments for each
<br /> , Piaac►1 yocar �hornuftar shall ba� 1QVied and shall become due and : �
<br /> puyabllo in tho aAmo mannor. Annual assessmenta to be levied �
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