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$~- Q.C152~.~-
<br />Section 2. Amendment by D€annrs.
<br />Thera sha1.1 be nn amendment to these Ay-Laws unless owners
<br />holding seventy-five percent (7540 ar more of-the basic value of the
<br />Condominium Property Regime, using percentage8 set forth in Paragraph
<br />VZ of the Master Deed, sha11. have voted thereEor;iri the affirmatives
<br />at a special or annual meeting; provided, how~+veC, that percentage votiYeg~+"
<br />requirements contained in these 13y-Laws shall not be amended by a lesser t~;'
<br />percentage vote than that saught to he amended, and provided further txi~t~E.;
<br />such amendment shall have the approval of more than fifty percent (548Ji'i!'
<br />in number, of the first mnrtgagees of record upon the date of adoption
<br />of said amendment.
<br />Section 3. Amendment by Deve
<br />Anything contained in thew Ay-Laws or in the Master Deed or
<br />Articles of Zncorporatior. *_a the cantrary notwithstanding, until May 1,
<br />1981, or until Deveiaper releases control of the Association, whichever
<br />first. occurs, Develaper reserves the ri?ht to supplement or amend these
<br />~y°ixaws for Ciariiir~atir~n, carrectian ar otherwise in the best interests
<br />of all suite and garage awne!rs, includine~ p:?evelaper; Provided that any
<br />such supplement or amendment sha11 6e apprnved lay more than fifty percent
<br />(54~), i.n number of al?. exis4:ing first mortgage holders of record, in
<br />writing.
<br />ARTTCI,I~ ,[II. FdEt.l'~RDS.
<br />Section 1. Recards and Audit.
<br />The 17rsarrl caf A,imini~trators or th.n managing agent shall keep
<br />detailed recards caf chr~ actiran^ r,f the Board of Administrators and the
<br />managing agent, minuttYr. r,f the meetings of the i3aaed of Administrators,
<br />minu*_r.s of the mc•c•t ir,c?~ ni the A:;saciat ion, and financial records and
<br />brwo~Kr,~~,u ref .ac-r,:raunt ;~( th„ r,-f,rp~nratian anti tt~+a Condaminiium, including a
<br />ethrr;rsol€:a~e:ic?~,al listu:q car rs=cE~ilat;',e and e~x3:;r•nr`situres, as well as a separate
<br />a:cr?u~~nt~ tar each suit<, r;r e~xarage, amnng c+thnr~r things, shall captain the
<br />firmo~ ,4r r>f .£ !~ a r -m. ~f .. ;,i !..3. ,r.- 4. zr;.`t ~. ~F; -.J1t~ ... rage,
<br />the iat€,, ?,r., ~.r ..-,}_ r-"i'-i t±„t...3n, Y??€'1 the~la=lance _.,..uin_nq
<br />r~n£aati,d, A writ=c~n rnpt~r. ,,r:~?n?art~inq ,?l P. e'relF;sts anti taxpen+:iitur'es of
<br />wh€ ~ A:~'r ~~':...,, .: n;'; ~Cx~? -..a., ',~l:~il he e ,.C'!t•r. f!°~ ,.... _s n~-ard
<br />Administratorr.Rt<~ ail --:,~t,~ -,r q<:racte eawne~r... at least ~emi-an.,ualir In
<br />addition, an annual rel:n?rt of rile receipts and oxpendirures of th4~•
<br />Corpoxatian and Concha?nisi+;m, c•ertifieci by an incieperdent aCCrr,1r=.t<ant,
<br />shad tae r~~nde~eod F,y the 3e,ard aC Admini~~~tratars to all suite
<br />or garage owners and to ,~11 mnrtuagee, oC suites or garages who have
<br />requested the ^ame, rrar.~l~t ly aEtor the• end of each fiscal year.
<br />AR'PICI,' XIII,. ?4IC'F.1~I.A^rF'OUS,
<br />Sectitan :. *?eati€~•.~°
<br />Ali notice>; herc•und<~r ~;hali he rcr?C t~,v regi^tered or c+~rtified
<br />Nail ts, the tsaard caf '€,lmini::tratara c%a iir~ "'tan.~grng Agent, ar if there
<br />is nrs Managing r'Sgi~nt, to thr~ c,ff icc~ of th• 7,ra~ar~i caf Administrators ar
<br />tea su~°h c>ther ~5ricirr~.~; ;ts; .hf,. Baard r>E Acimini?cr,ratars may hereafker
<br />desielrlate £rc3m tin?€• rr+ titre, lay nrrtice i.n writinr7 to all suite or garage
<br />,, _ _
<br />r+:~ztr; ~3r g~i_~~ir~ raw?2r_r i<<3ii La• ::rnE Fay rc"trr,ter='•ci or €,-ertifie*3 mail to
<br />Cho '13railding gar tca ,,,c~!? ntir,r a~idrr-.~.. a.. rnsy Fav<~ been designatr'~ci t}y him
<br />£rom time tc~ tirn+~, in wr itin{€ tc? rh~• Ilaard taf Admini!-trat.ars. All natices
<br />4h€~11 he de€zmect te; htav::~ lax»n given when m:. i l tad f~xc opt notices o£ change
<br />of address which a;hail he r7cerned to have heer± rliven when received.
<br />Section ~. Incztlidit.v.
<br />'.1'h4= invai i+e~ity .af :any part of thr:~r,.e i3y-Laws <;hali not impair
<br />or Af€€,kc:t in any ;r„rnnc>e the validity, enforc:cac~ility c,r effect of the
<br />Fial:ince of ttrese By-[,aws;,
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