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<br /> Sec* icon 1 I. F iJel i t I3o:.:dc,
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<br /> -3oard of shall obtain adequate f idelity bonds
<br /> for a?' of.f ic-rs and employees of "he Association handling or renponsible
<br /> for ati r, funds. The,_ c remiuml- on such bond. shall constitut<r a
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<br /> S_, C, ior, 1c. Comuensation.
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<br /> ~o nember of the hoard of Administrator,~ shall, receive any
<br /> compensation from tih':.` As 5,~_iciation for acting as such, excepc" that members
<br /> sr:a'.l receive reimbursement for exzDenses aCtL2a1]y i'lcuri°d by them. ar
<br /> Administrators.
<br /> S(,,ctio,; 13, Liabi: ity of ,d i~.ini.st.rators.
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<br /> The :;:ember of the Board of Administrators shall not be liable
<br /> CO the ;,its oz- c.arage owners for any mistake of judgment, ricaligence, or
<br /> O".herw l se , e:xcez.t i or `.heir own individual- lr i 1l u7 ml sconOuct or bag;
<br /> Fa t:l. It is intencaed that the members of the Board of Administrator-
<br /> shall. ~h1Ve no -)ers,oa1 liability with respect to any contract made by
<br /> than on '-tehalf of- t.)-.e Ant~,Dciation. Every agre=n::hent made: by the Board of
<br /> A rlmir:istrators t:,x b}' the manac; i.ng agent. or by the manager on behalf c)
<br /> the Association ;:ii]Z1.1 provide.. that the I]"E?mbers of the Boal'd of Fdminis-
<br /> try?t;ors, or the FTanagina agent, or the manaoer, as the 4c"ise may be, ar,,,
<br /> acting only as agc•nts for the Association and shall have no personal.
<br /> ] i~~a"r:, i.l t}~ `=t~F.•reunr.'.er .
<br /> Section lei. :mansion of Juri:ndiction.
<br /> in i_ts discretion the Board of Administrators shall have the
<br /> <aut:hor. itv to expand the jurisdiction of this Association to include any
<br /> con(,omi.niu:n 7. ;.o,~crty reacaj.me in Continental Gardens an addition to the
<br /> City W, G rand Island. Upon such expansion the following shall apply:
<br /> (aThe ;a ssociation's coats of repairs and maintenance
<br /> and all other expenses shall be allocated to the
<br /> particular Condominium Property Regime requiring or
<br /> benefiting from the same. If more than one benefits,
<br /> then the expense shall be pro-rated between the benefiting
<br /> Conc'om.inium Regimes in proportion to the benefits of each
<br /> as reasonably determined by the Board of Administrators.
<br /> The expenses allocated to a particular property regirno
<br /> ryh.711 be paid <i:s allocated according to the Master neod
<br /> for that Regime..
<br /> (b) The -,wanber of votes for the expanded Association shall
<br /> be ti'e aggregate number of votes in each separate
<br /> regime making up the Association and at meetings of the
<br /> exl~anded Association the rules for a quorum, for
<br /> determining whether an, action shall be taken, [or eloc.tion
<br /> of the me:•r,,,)ers of the Board of Administrators and all
<br /> othivr purposes shall be as is provided in these BY-Laws,
<br /> core.;tr. ucd .,)n the expanded number of ac)gregatQ votes.
<br /> (c:•) d1'ir_rn only one regime.- is affected by a decision of the,
<br /> expanded Ara;',-•ciat.ion then the Board of Chi roctors may,
<br /> t:'ut shall. r]cht necessarily be required to, .seek the
<br /> <~r~t.~rov,;;]1 of unly the owners in that affectccd rr.gim(e .
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<br /> 4,e•ctic:rn l.. Ur.,„sic:anatic-,r].
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<br /> hog officer, of th~h Association shall consist of a President,
<br /> Vice Pr.e iderht, SeL:retat.y and Treasurer and st,icy additional officers a
<br /> the Administrators shall, from time to time deem necessary. Any person
<br /> may hold two or more offic:en, but no one person shall hold they officers
<br /> of President and Secretary i,;imultaneously. Members of the Board of
<br /> Ad-minist.rators, may also be officers. The President may he elect(--(] from
<br /> the :.i r :it ;,he PCB Ird of Administrators.
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