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82001413
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Last modified
3/10/2009 1:20:14 AM
Creation date
2/27/2009 7:38:23 PM
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DEEDS
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82001413
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f <br />section 5. Vice President. ~~~ 11 U 14 ~.' <br />r The Vire President shall take the place of the Pres- <br />dent'and perform his duties whenever the President shall'be <br />absent or unable to act. If neither the President nor the <br />Vice'Presdent is able to act., the Board of Administrators <br />shall appoint-some other member of the Bcard of Admins- <br />trators to act in place of the President, on an interim <br />basis. The Vice President shall. also perform such other <br />duties as shall from time to time be imposed upon him by the <br />Board of Administrators or by the President. <br />Section 6. Secretary. <br />The Secretary shall take the minutes of all meetings of <br />the Association and of the Board of Administrators, and <br />shall keep same at the principal office of the. Association <br />un3ess othe:~-wise instructed by the Board of Administrators; <br />he shall have ch,~rge of such books and papers as the Board <br />of Administrators may direct; and he shall, iz general, <br />perform all the duties incident to the office of secretary <br />of a non-profit corporation organized under the laws. of the <br />State of Nebraska_ <br />Section 7. Treasurer. <br />The Treasurer shall have the responsibility for As- <br />sociatic~n funds and securities and shall be responsible for <br />keeping full and accurate financial records and books of <br />account showing all receipts and disbursements, and for the <br />preparation of all required financial data. He shall be <br />responsible for the deposit of all monies and other valuable <br />effects in the hams of the Board of Administrators, or the <br />managing agent, in such depositories as may from time to <br />time be designated by the Board of Administrators, and he <br />shall, in general, perform all the duties incident to the <br />office of treasurer of a non-profit corporation organized <br />under the laws of the State of !vebraska. <br />Section 8. Compensation. <br />Compensation of officers shall be fixed by the Board of <br />Administrators and shall be reasonable compensation con- <br />sidering the duties of the office. Any Administrator who is <br />also an officer shall not have a vote in the setting of <br />compensation for the office ar offices held by said Adminis- <br />trator. <br />Section 9. Agreements, Contract, Etc. <br />A11 agreements., checks, contracts and other instruments <br />shall be signed by two officers of the Association or by <br />such other person or persons as may be designated by the <br />Board of Adminstra~.:ors. <br />ARTICLE v. Bu~c~m arra .~~sESS~Er~~s. <br />Section 1. Budget= <br />The Baard o€ Administrators sYaali. adopt a budget for <br />eachfisca3. year, beginning on July 1st and ending on the <br />next June 34th, which shall isiclude the estimate of funds. <br />required to defray common expenses in the coming fiscal year <br />and to provide funds far current expenses, reserves for <br />def~4•xe3 rnaintenanc~, s•eserves far replacements, and reserves <br />tc~ pro~:i3e a working fund or to meet anticipated losses, and <br />suwh suns as needed to make up a.Yy deficit in the common <br />er:pense assessments for prior years. The budget shall be <br />- ~i- <br />
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