82001413 - Laserfiche WebLink

Browse

g~~ a~€~1413 (g} Obtaining of insurance for the Condominium Property Regime, including the townhomes, pursuant to tYse provisions of Article VZ, Section 1 hereof. (h} Making of repairs, additions and im- provements to or alterations of the Conda- rninium Property Regime and repairs to and restoration o£ the Condominium Property Regime in accordance with tYse other pro- visions of tt-iese By-Laws, after damage or destruction by fire or other casualty or as result of condemnation or eminent domain proceedings. Section 3. Managing Agent and Manager. The Board o£ Administrators may employ for the Condo- minium Property Regime a managing agent and/or a manager at a compensation established by the Board of Administrators: to perfor_^n such duties and services as the Board of Adminis - trators shall authori2e, including but not limited to the duties listed in subdivisions (a), {c}, {d), {g) and (h} of Section 2 of this Article III. The Board o£ Administrators may delegate to the manager or managing agent, all of the powers granted to the Board o£ Administrators by these By- laws other than the powers set forth in subdivisions (b), (e), (f}, of 5ectian 2 of this Article iII. Section 4. Election and 'ierm. At the first annual meeting of the Association, the members of the Board of Administr<~tnrs shall be elected to serve until the text annual meeting c7f the Association; provided that if said next annual meetizzg is less than six 46} months from the date c4£ the first annual meeting, the Administrators sYzali be elected. tc> serve until the annual meeting m°nediately fallowing the next annual meeting which is less than six (5) months in the future. Each Adminis- trator shall be sleeted thereafter to serve a term of one {1} year or until his successor shall have been duly elected by the Association. Ad.~sinistrate>rs shall be elected by majority vote of the owners, with each townhame having one vote. section 5. removal of Administrators. At any regular or special meeting of Association, any one ar more of the members of the Board of Administrators may be removed with or without cause by a vats of the owners o€ a xa~ajority o=` townhomes and a successor may then and there. or thereafter be elected to fill the vacancy thus created, xny members of the Board of :administrators whose removal has been proposed by the Assnciati.on ~.wners shall be given an opportunity to be heard at the meeting. Section f. ~'aoanaies. L~acancies in the Board of Administrators caused by any reason ether. than the removal of a member thereof by a vote of the Association shall be filled by vote of a majority of the remaining Administrators at a special meeting of the Board. of Administrators he 1:d for that purpose promptly after the vccurxence of :any such, vacancy, even. though the members px~sent at such meeting may cansttutp less ttxan a quorum, ~_