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<br />
<br />
<br /> 8V"""_
<br /> Y
<br /> _ A and neat t. )y
<br />
<br /> I'h re rh~all. z,e no amendment to these By-Laws unles.n owners
<br /> ~kCl' i . t-} -f i vex percent (')tip } or ;~aore of the basic value of the
<br /> w in ium Property Regime, using percentaces set forth in Paragraph
<br /> C: tliE ..;;rite- Deed, shall have voted therefor in the aff lrmc3tivE?
<br /> at a er annual meeting; provided, however, that percentage votir,q_
<br /> re cuirr :cats contained in these 13-, -Laws shall not be amended by a lesser
<br /> orcentac,e vote than that sought to be amended, and provided further that
<br /> r:Lach an-,endiment shalI have the approval of more than fifty percent (50') ,
<br /> in n°u -mI)er , of the first r;ortcagees of record upon the crate of adoption.
<br /> of ,aid amendment-
<br /> Section 3. Amendmon t by Developer.
<br /> A..-i thinq zontained in these By-Laws or in the Master Dood or
<br /> Artacl.eL- ~x Incc,rporation to the contrary notwithstanding, until may 1,
<br /> 1`a8} , o ;1-)t- faeve lopes releases control of the Association, whichever
<br /> fi:,`'t nC:cuzs, C:eveloper reserves the right to .`.iuppl.ementor amend t.hes
<br /> i.UE: for
<br /> clarification, correction or othc-rwise in the best intrtez;tc
<br /> c; f:1 ' U
<br /> ite an,_, garage owners, including Developer; provided that any
<br /> Wucti -u,)_,)1e:,sent or amendmentt shall be approved by more than fifty ^rrccrlC
<br /> ( 0Q , in number of all, existing first mortgage besides oa.f r.
<br /> :4r i t I.,C ecord, in
<br /> ARTICLE XI. i R CORDS.
<br /> Se ct i(-)n 1 . Records and Audi t.
<br /> The Board of Admini trator s or the managing agent shall keep
<br /> dl ,tai]_-,] rec~ordas oe the actions of tf.e Board
<br /> . _ of Administrators and t`; e'
<br /> rnr+c.zncr jai !nt, mi utr:s of the meetings of the >1 111j-"~'1t-pry , of the ;;rc~e_~tzn3r s of the Association, Board of Ads, in i.:,trat~ar:,
<br /> _,,,oci.ati.on, and financial records and
<br /> cc of account of the CDrporation and the Condominium, includinq a
<br /> Chronol("'giCal listing of re(, eslpts and expenditures, as well as [-a sop-,r~',t,,
<br /> account for each su i tc c ,r c-,:,rage?, among other things, shall contain the
<br /> ano,ant of each assessmer' common charges againr,t such suite
<br /> or garaC;r.,,
<br /> th,: +latc• 'r. 1%v:n glue, the a. ; a ;s paid thereon, and t.he• balance remaina.ng
<br /> uniaaic3. written report su!rnarizing all, receipts and expenditures of
<br /> thr Corporation and Condomin`.rt shall be renderE•d by the Board of
<br /> Administrators to all suite or garage owners at least semi-•annui-a11y. In
<br /> addit.iorl, an [annual report of the receipts and expenditures of the.
<br /> Corporation and Condominium, ccrtxfi.~d by an indeP,,ndent
<br /> shall be rendered by r accountant,
<br /> yr he Board of Administrators to all suite
<br /> or garage owners and to all mot, tgagees of suites or garages who have
<br /> re-":guested tt-,(.? same, promptly after the end of each fiscal year.
<br /> ARTICLE XI I.I . MISCELLANEOUS.
<br /> Sectr,on l.. Notices.
<br /> All notice-c hereeanJer shall be sent by registered or certif=ied
<br /> rail to t1ne Board of Admini trators c/o the Managing AgeTsnt, or if there
<br /> is no anus ir.c: Agent., to the office of the Board of t.dmini.strators or
<br /> to nuc- other addre ;s as the Board of AdMiniu
<br /> trators may hereafter
<br /> clgr zjt(-fro-ii time to time, by notice in. writing to all suite or gar<aq,r
<br /> oWr;erc r_tnd to all mortgagees of suites or garages. All notices to any
<br /> suite or gar-age owner shall be sent by registered or certified mail tc')
<br /> t„ho B,_I i ld l f:; or r#7) ,'-u h oth,'?r address as, may have hrr en c: e
<br /> f=rom time to time, in writing to the Board of Admini.strator~.`~tAllt)not.
<br /> shall. be rJoQTlae'd to have been given when mailed except notice's of ctaangC
<br /> of ac3C)r«a:s , which ,ha.l1 be deemed to have been given when receivet.3.
<br /> S e rg t. ion, .w_.._._._ Invalidity.
<br /> The invalidity of any part of these By-Laws shall affect in any manner the vali.dit not impair
<br /> bal.an.ce~ of theye•~ By--Lc,w y• enforceability it ity or effect cif the
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