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<br />3. Examination of.Books.
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<br />Each suite or garage owner and each mortgagee of a sUite
<br />shall be permH ted to.. examine the book s of acCount. of the
<br />!\ss<yC'iatiofl at reasonable time,on business days, but not morethah
<br />eve'rythree (3) months without just cause.
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<br />~R'rIC~I,;lL~~_9ES'rRUCTION. DAMAGE OR OBSOLESCENT
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<br />~SOqA'l'lO~, AS_,!:,!!,ORNEY-' lti~tACT.
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<br />Sec t ion 1. .!.s?~o(.>:!.i~~_~on_~!t::JE!2ey - !.!!:::!.::.a.E~_,.
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<br />These By-Laws, as a part of the t~aster Deed, hereby made manda-
<br />tory and irrevocable the appointment of the Association asattorneYcin-
<br />fact to deal with the property and any insurance proceeds upon the damage
<br />of the property, its destruction, obsolescence, repair, con~truction,
<br />improvement and maintenance, all Gee-oeding to thf' provisions of this
<br />Article X. Title to any condominium suite or ga~age is declared and
<br />expressly made subject to the tprms and condition,s hereof, and acc~ptance
<br />by any g.rantee of a deed or other i tistt'unent of convey.ance- from the
<br />Developer or from- anv owner of qrantor :;hall cnnsti tute and appoint the
<br />Association his true and .lawflll attorney 1.n his name, place and stead
<br />for the purpos(~' c.,f d0alinQ wi.th the prop1Z::rty its damaqe- or de'struc-
<br />tion or obsole~~cenc0 as is hercin.:tfter pro"..ri 1''\-5 attorney-in-fact,
<br />the Association, by its President and Secretary or Assistant Secr~tary
<br />or its other duly authorized ()ffic€rs 1)( ~q~nts, shall have full and
<br />complete authori;ation, right and ~)ower tn ~ak , ~xecute and deliver- any
<br />contract, deed or any other inst.r',Jment ~.jit~~ r,~,,;:,t}f:'ct too the .intert"?st of a
<br />suite- or []araqe o\.;ner ~,,'n.lcn :cit(, :)eccs.:;ar Jr:J C:ii.Jpn:)pr late to exercise the
<br />powers qranted in thi Articlf'. ~~i~>I)air ,":;,:1 r"'-:-'con~:;truction of the improve-
<br />ments, as Jsed in thp succ~edin(1 ~ecti()n~ t!}is Article means restoring
<br />the improvements to $ubstarltiailv t~~~ ~am0 iri()n in which they existed
<br />pr.ior to the damaqef with (:C-<:1ch ~~.:lt nr ~.)ta:q(' zind tbp qc.'neral and limited
<br />common €'le,rnent5 Dd'.Jinq t3~";tl "~:J.L'"i tt~t" '--:1'O'P >;irt lenl Jnd horizontal
<br />boundaries as before.
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<br />?€ct~_2,:l~.}_~_",. .::.g~,~~.9_9 ;\~- Lh:o.st!
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<br />-~ ~!-:~ndir
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<br />rn trH':" $lent eif t ~) Li:~!;:1qP or jf.:~t [uc~t.lon of t.fH? qaraqe
<br />building or iii} any ~L;1n~:~';:Jf~ <H t[~l(.tl'.:::n t{, [11'"(,' or othpr disaster,
<br />which dama~Je or de:'.;truct'lC'f1 l ~-,; in~~"i Lv thc' r~oard of ~\dministrators
<br />to be l.ess than :;-;ixt>:/- 1X 3f1d th'()-th:r :":~"tCt.nt {66 2,/3*) of the total
<br />replacement cost, not incl;jdin"J land~ n t!':;t' htll1dioq containi.ng the
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<br />~~~~Tm ~~ i ~~ ():;:~~ tl~; 5 reo" 1 r pd ,"nd 1 ~ "~;~~~ t. ;<::;~~ ~ ~;; , (;;;"~';':e,'l ~~~:;~ i:~ ~ i:;~S ~ ~ uc t i on
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<br />attorney-in-fact: an~.the A550c18tlon shall hd~P full ~uthority to deal
<br />With lnsurance proceeus i~ ~uch lepair ~nd r~GonstrJctlon~
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<br />In the event ttla: inswranc~ ~}[()cpeJs ate insuffi,cient to reoair
<br />and re-construct the irf.~)rClVf:~mentsi tr;t.::. ;~s5ociation shall levY' a special
<br />asses,sJ!lent ~o pr(?vi~e ~n. a~ount s~ffici(::lnt to C(?nd~lCL said repai,i: and
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<br />~:~~~~t~~~t~~~l:~~~~ ';~~;~r~~~~r~;~c;;0~~~[:~~ie~s:)f :~~~?c~:s~~s:~~t t~~all be
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<br />Ass,oci.ation shall also have the r,Le.Jhts :1otE:d in Sf~ct:i.on 11 of Article X..
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<br />"S~C tj~.2E_~,L~__~~!2~ma9~~,-.~:;:!"_, Il.~_ ~ !J:>~.~~_~~ _~~._~.___._
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<br />In the event of damaqe or destruction due to fire or other
<br />di,ustel;, which (:lama"" or destruction is deh'rmined bv the Board of
<br />Administx.at{}rs t!) be' sixty-six and two-thirds percent' (66 2/3'%) or more
<br />of the tot.a,i- replacement cost of ,,;;:11 the condc)minium suites or garaGes in
<br />tbl~ .R.thJ~me.~, not. incl~lding l.and, trli.? BOiH'd shall forthwitJ"-l, \"l!lithin thirty
<br />(JQJdays of the occunence. said damiJ9c-c or destruct.ion, call il special
<br />lI\~1!lQ1I1);'S mee<ting 1'01' the purpose of.pl:esentinq to the SUite or qarage
<br />Q\!to~n~t.healt'Hn<Jtiveof repair and reconstruction or aale, pursuant to
<br />a~",,~i.f)olt4 or,5ofAtticlB X. At.suCh ;;;{H1tlng, th€' Board shaJI present
<br />*!iitilll.<l)~!1I'sC){ rep<tit and rEtconstrucdon costs, the arrmunt of: in!,wrance
<br />~(QC?~$<Jvail,dbh, the ptoject"d necessity for, <lnd amou.nt it any, of
<br />$P~l::'.i..~l a$~flUI1~~nts n(tcessa.ry to COVtHany dBiic lenc:y in i n:,ur anee
<br />pt'$(:etl':d5;i:.:thlil pro:}ectl;\<;'!ll;all;l price tht11 as is, and projec:t(~d
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