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~2-- c~G1'~58
<br />AFTICLE XI. TERM2NATIt~N Ofi AMENDMENT.
<br />Sectic*: ~ Ter.:;linaton.
<br />E;~cent as otherwise provided, owners oz ail of the
<br />suites in any of the Condaminia shall have the right to
<br />terr.~inate this ~'andorsinium Property Regime, subject to the
<br />concitiorls of Section ?6-$12 0{ the Condominium Act, by
<br />un_niznq+as action. However, :before so acting they must c3i~~
<br />si~tity t60) daYs'Friar written cnnsent to all of the then.
<br />:4aembers of the ?association:
<br />Section 2'. Amendment by Members.
<br />"1~here shall: be no amendment to these Fay-Laws unless
<br />seventy-five percent ~?5€? or maze of the members of the
<br />then Association shall have. voted.-therefor in the affirma-
<br />tives at a special ar annual aazeeting; provided, however,.:.
<br />that percentage vati:ng regui.rements contained in these By-
<br />Lawn shall not be amen=ded tsy a lesser percentage vote than
<br />that sought to be amended, and pravaded further that such
<br />amendment shall have the approval of more than fifty percent
<br />(54~;, in ..number. of the first mcartgagees af' record in all
<br />of the Condamine vperi the date of adoption of said amendment.
<br />Section 3. Amendment by Developer.
<br />Anything contained in these By-maws or in the Master
<br />reed or t,sticies of Zncorparation to the contrary notwith-
<br />stone?iny, until D~cdrnh~r 'sl, I9f32. or until ()~velop~r rr-
<br />leases control of *he Association, whichever first occurs,
<br />Developer reserues the right to supplement or amend these
<br />By~-Laws #'c;r cl,i~r ific2rtion,, earreetian o~ vt:,herwise in the
<br />best in1_err~~ts of all suite c-~wn~rs, including Ut:veloper;
<br />provided that an;a sucY: supplement: ar amenar^ent shall be
<br />apF~rovcd ::y ;Wore than ft_+ percent !5p'-,' in number vF t~.~11
<br />er.ist.ir,y first rncrz.c;ac.eyhoi;:ers ~~ rE.carc3, ra write<;.
<br />;tRTICLE };II. RECDTZDS.
<br />~e~tion 1. ;z+eCesrds anii :luc':it.
<br />The Board 4f Rd:rrinistratgrs ar the n,~riaerinq agent'shali
<br />keep detailed records of the a~-tions of the isoard of Ad-
<br />ministrators and the manayina agent, ninutes of t^c, meetings
<br />of the board of Adtainistrakors, minutes ;>E th!~ mvetiii<.ac?f
<br />the Associ..~tian, and financial records and uaoks of r~cco,ir.t.
<br />of the Association, including a chronoioyical iistiny of
<br />receipts and expenditures. "'Pose recor~?s shall r.~1so in~:l,ude
<br />a separate account for each, suite which shall contain the
<br />amount of each assessment o rornmon c:^.arge:7 a;air.st :ouch
<br />suite, the Sate when cue, the amounts pa:d +_h~~reon, ar,d the
<br />balance regaining unpaid. A written report summarizing ah2
<br />receipts and expenditures cr t::e :{ssociatio:~ shai.. be
<br />rendered b}~ the Board of Aclmnistratc~rs tc~ all suite owners
<br />at 1Fast. semi-annually. it1 a[iciition, an arnu,al report of
<br />t.i,:e receipts an3 expenditures a{ the :~u.,ocation, cr rr.ifr:~d
<br />by an independent acconntaat, shall !~e r~n49ered-by *he> Board,'
<br />of :aa.~ri,nistratars to al'_ suite cawnerr= a^d to all <ncr.,yagE~,_s
<br />of suites who haves rec3uestf~ci the ~an~e, n-nm}~tly ,.,*.:* t:::~:
<br />er d .:.° eacYa fiscal year. , iSe eaxpens~. ~~r ~h~_~ c,s~r~._.f .c=~i .a,cii t
<br />s;:a'., tie paid b~- chose requesting it ur.lz~5ra mac~.zt.,' oE'
<br />tl:e *.nemb~~rs o: the i~sscciati.oa ~-~©te in Eavc>r :3f a -~ ii.~...
<br />a;.idit at a reg°alar~y .a17.ed sneetr.~.
<br />AitTIC.LE XIST, ~4ISCEl:1.~"~NI:G3L:S.
<br />Sect ., _ do 21 :: c"'S
<br />i:. i:C ...1 r. ~'. };r '"CLl ..:C~ .,,.3~.i tE' s~:ni 3.Y3( ri..<.; .;. .>.. r2r{'41 Cir
<br />.,...s: s9,W
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