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� . • . . . . , �_�—__ <br /> . < , � . .. � . � �=-- - -- -- <br /> , . � � � , ����'�! ��� - � �� �=_ _._, <br /> V Ce <br /> . . . � �� �'fiS64:��__.._. <br /> � _ K.� E�tercf se any. ot2ier po��s� .�onferr�d b�t �f� � . � . � :__�--:-__- -- <br /> ' Deel�ara�i�► ��f. i►tergers . , . , � '�``��-=--�__ <br /> . l�s�_ <br /> , . < ���'__ ._ _ <br /> , ' i�. ti Bxerafse aIl o+t2�ai po�ter� $u�hoPi��9 by tbtt ' ��.�_��_=--_ <br /> �i�brasLte Noagza£itt Cgrpora�3afi �cts au� � �' =:_,.; -•_��.: <br /> k�.-..=�_� <br /> . �• ��.: <br /> . , ��- �:� �- <br /> � �a=�,��,� <br /> o. Ex�rc�ss any o�her po9rers �atecessary and p$op�r Eos � �` ;��.._:u-.s;= _-- <br /> ���J� <br /> �_q�ve��sa �a�:_@�a�tiaa ot tb.�.As��cfat4�n. . _.`Y�}��r�`a c� ��-- <br /> 3 e Z'he As�aci�ti�an ���I.1 Dg managed !�y it� 8aard o! ���Q�,'�t��a ;� � <br /> ::: '�tf�e�tora wbicla shaa:l�hsve:�au�tortty to act for end an bahalf a€ x�, ,�''``�*'�`� = <br /> . �;-��ocf�tian af.thrntt `a r�r�•.of tBa mesbera. �ccept �o ame.�tsi ��.�,: "�"".� � <br /> � <br /> �T.� � �y3a�i��� �oLf l�iesrg$r..�g�,.��aaenid t�he__Rsestate$ �icles oi � f*'� r' `—' "' • <br /> , �,1... ��w�.,. *,� ' Le�: . • � <br />� iaiCiO .��j.Q�:�� �.iiQ. ss�8,�i�ti�Pl:iL�:. -LQ �Oli�i� i.�iss il�ai.fi� ��'J.IGl��' 4,�` _-� <br /> ag �.� A�a�csfratian'��.t�."��..*��=�inevood Cond�siniva. `� - �y <br /> . - . . . , � ��. 'b� _ <br /> t.. -. �� �t.a�-.t� <br /> � �. Th� Associat�e� � �.�s 8oar3 of Direators a=td Officers �` _ ,��r� � <br /> muat e�cise �gead faitdi asd��c��3�tary and re�sonal�le ca�e ia� the , : �� -�-���; - <br /> ' � p���ee of thefr.duti.e.s_�i�:may not adopt or enPorce ivles or � <��- -. <br /> re.c�u���:�us wlaich c1f.s�rf��st�i��.3n fav�r af or against any auite �-��; <br /> • �..._���,.:�-- <br /> O�Pl1�• . : _. . '_;`»�•`=�i��t°�=, <br /> . . .. .. a.4' -����:�-- — <br /> `5. The Board af Di.a��s� sliall have the �aty and _"".° -.,.---�"_°�- <br /> � re��;�ibilit�y'to perfo� fga �e name of the Association the � `� ' �.��.����.s�. <br /> dut�� and reaponsi.bilities �$ �he Aasoafation as� set fos�th in :.••.:�°.� —� <br /> h : ,. <br /> t�Yti.s��►eclaratio» o�,Merqer. :�;.�..� <br /> , - <br /> . _ _ ,. __ . ._ "._ •_ " -�..�;����� <br /> �. �.. Not later than Marc�t 1, 1995, and each March ist . <br /> thdr���'ter, �he $oard of Dixe�rs s�all adopt a propoaerl budget �� :�". . <br /> ' for the t�relve (12j month:pe�cs�s� 1��3r�iras�.on the follawi�g May 1 t:7�:=�;� '"•, <br /> . and ending on Apr31 30 of t� �n�ut yea�. . '�`�ie budget shFtil `, ., .��;., ,` <br /> .1'Y. <br /> include pravision for (f� e���c� �esat#.r�g expen�es for the ' ���;.s�:����.w' <br /> year: (11) reasonabie r��ros fa�.coaatitnc�encies; (ifi) .:�,;¢ �;��; <br /> reasaaable cash reserves kor ap�rat�:g e�e�RSest (iv) �easonable ,. „�y� . <br /> � ca�ah reservea for depre�iatioa�. af ats�o8�: (vA reaso�nable cash �' �,� . .� , '` � , <br /> reserves fcr deprecfatias�..a�E +c8ri.ve��� aza� sidewalks; and (vi) ,� , �` ,�" <br /> .reae��l+��seserves for �erior ma�tntenance s and (vii� euch � � ,�#;� � <br /> � olher ite� of anticipatea�. �xpense ana reserves as the Beard of <br /> n �� � ��� .r <br /> Direc.tors �aay d�em reasonr��y ne�es�ary. Ths budget ahall state � ��. <br /> `_ .T.:. <br /> �h� amaunt of the annual assessa�at for each sufte Por the � � , - � <br /> � e�nsuing year, which may or may not be the sa�e am�nt for each �.:��: '�, �'� <br /> s�i�o ��:wa thc e.,.�g_r.sss res�uf.se� to be assess�d to eae� auite r. � '.;.:ft:__� <br /> maiy not b� vniPorm. � • �.��'= <br /> . � <br /> . . . �.�. ��:;, �.,, <br /> 9. I�Tot earlier thaa� March i5 nor 9.ater than April 15� af �' �'• °,�::•` .i.� <br /> . ,�•.*�.r. . <br /> eacl� year tbe� 8aard o! Dir�E:oYS s2�11 hs�Yc� a meeting og the � � ° "� '`� . <br /> meabere of the��asociati�n � consfder sat�ication oS the � � ��. '��' <br /> propoaad budget. Not les� �han f�ua�een �3+3) aor more than . � -• -��:�.. <br /> tliisty (30y days prfor to �he mee�fm� oP t.�e members the Baard of . ,. ,. <br /> Dire�lord shail a�ive writCen notice of tlge �eetinq to each. ' . � � , �� � <br /> memb�r, t�bieh no2�I�� a2iall S�cclude a aop� �sE the propose� budget, • � . . . <br /> a aopy oi the A��s��atf on�� a�ateme�t mf rev,enu�s an� ex�sn�ea ' � � . . . <br /> , .. . . <br /> � ia ' <br /> . �, . . . <br /> _ _� :� _=�.y,� . . <br /> � , . . . . <br /> _� � —��,. rf �.� ..s t . . • . <br /> .a' ' ._ °'�°�}�i�, . .. ' ' � .:j1V.. A- } � - .f-. ..:"7 , � '4.`..� .. �-,.�f , . <br /> 7 a - t �. . � � ' . ' . N.4 �-- ��� ' � . .. ' ��6�' 6. .� � . � . . . _ . <br /> s _ . . . r .)'� �' �1 !t." � . . ,. <br /> Y7 -- � - . . - ' . `l . ' �iLi }}-'�C 1�(�': F'at���� �-- . � . . ._ , - <br /> x 'r . . - � �. � .� `'e�i� �rP�`SY- tii''L �''u4, - " . • ' . ' <br /> � _ ' �5� _' .'�:Y ��7'�_'t'��'{i'� ar _ •.' _ ' � ' _ ' <br /> �. t•.. � : . , `` ' , �`L',I�w� i�� . �, .�a;l�� ` .. <br /> ,..4. .�. <br /> .`_�J . 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