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<br />Section 2. Powees and Duties.
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<br />The Board of Administrators shall have the powers and duties
<br />necessary far the arministration of the affairs of the Association and
<br />the Condominium Prap~rty Regime, and- may do all such sets and things
<br />a_xcept as by law ar by the Master Deed or by these By+Laws'may not be
<br />de2e>3ated to the C~oard of Administrators by the suite awReYS. Such
<br />powers and duties of the Board of Administrators shall include but shall'
<br />not be limited Co the following: :'
<br />' c, ,
<br />(a} Operation, carte, upkeep and maintenance of the common
<br />areas, limited common areas, and facilities.
<br />{b} Determination cf ttze common expenses required-for the
<br />' affairs of the Condominium, including, without limitation,
<br />the operation and maintenance of the Regime.
<br />{e} Collection of the assessments {which for the purpose of
<br />these By-Laws shall mean such portion of the common
<br />expenses as are payable by the respective owners} from
<br />nwners.
<br />(d} ~mplayment and ci:i<amissal of the personnel necessary far
<br />the m~-rintenance and aperratian of the general common
<br />ar'c=as, .lim9.te:9 common areas, and facilities..
<br />(e} Adopt.t,on arrcl amendment of rules and regulations covering
<br />t, hie c3etaiis ai' the caperatian and use of the Condominium
<br />Property Regime.
<br />(fi opening a£ bank accounts on behalf of the Association
<br />and desiranating the signatories requited therefor,
<br />fg} Obtainin<i of insurance for the Condominium Property
<br />Regime, including the soiree pursuant to the provisions
<br />of Ar'ticler '; I, ~3r~ction i hearenf.
<br />(h} Pfak,inc~F ,-,1 rr^pa.ieq;, a~,rdd.it,irrnr ;ynml i.mpcavements to or
<br />~r r_e.~i°roti, r~~ e~f ti~rc, t°~,nr.i:>~,r~i.s.i:am I`~~rcr~pert:y Ftegztt~ anCi repr~~lrs
<br />to anc€ r~=~:tr~r.;at±e,n c? Y'i?.-"=~ ;'~},?:inrrli~?ium Pre7rYert;s Rnclime in
<br />arc^~,t~~rr,Sarr•*r ,~ie.h thr~ nth~E^r irr,ri,r,,ionv trf Chese rsy-i:,aws,
<br />t t.3^r :-.rra=-~~' r-s3: .__.,_:~,as;,~tiazn €°ry Farr or :ai.hur oas~.ra.i.ty or
<br />a``, a ..~<< <~~ Lr~n:i~f=.atfr>n c,r .~minHnt domain ncc~ceec:iings,
<br />Section 3. _ Manag in:l Agent ,_snd Manager,.
<br />The f{card of Acim;nistratars may c=mploy for the Condominium
<br />Property Regime a man,a,;inca a~;eni: ord..-'or a ~~~anaaer at a compensation
<br />established try the Roar~i cif Administrators, to perform such duties and
<br />service„ as the Board of :~dministratos's shall authorize, including but
<br />not linkitc*d to the duties li?3tEd in :;uk~divisir,>ns (a}, (c}, (d}, (g} and
<br />{h} off 4ection 2 of t~tir. Article Ili. The i~c:~,~d~itd of Administrators may
<br />deiey,7a~t.ca to t.'~E~re manager or managing a~"Iipnt,, al',i n~f the powers granted to
<br />the tlL~oa,rd at:'' Adminir;tratrtrs k5y these Pay-Laws r,~~ther than the powers set
<br />forth ig~1 sut:rdi~.=isir~ns (la), Cr~•), ff), c.;k. ~ac-tir~~~:~rt ~ of this Artiol~ TII.
<br />~e~t',l~n 4. _jC;1SCt?c'~rY itnd Term.
<br />A1~ the first annual. m+~etinq r>f f.he Asp>ocAation, the members
<br />of ti,e Berard at %,r3mini;.r3tc?rr, ~>'r7a:i he e•1€•c:te<l trti <_;erve until the next
<br />3nE??:.}.al m€'#'t. : :?f tF;~. :...`}t:i .~. ,: li
<br />_ - pr.'~Vid2;'' ti- =..'tiii next anni,tal
<br />rn~*etiny is Lass than six (6)~months frr>m the date o£ th+= first annual
<br />meet',ing, thtr Admirzistratnrr• shall be F~if=ci:.~•d to :verve until the annual
<br />*etinal immediately Evlle>wsng the next annu~+.1 mec:tinq which is Less Chan
<br />six (fi} mpnths in i,hr> C~.zture. each Admi.nistr:ator sha11 he elected there-
<br />aftt+ Ye_s ~erVe~ ~ f~r. r^rr ~iF 17 t t _
<br />been duly elected Cry t)'r<= AY.t;ociat`ion. Administrators^shall bto~r~.lacted
<br />by th+~ vote of ti:e~ eawni~r , ;,sf a majority e5£ the t~asie value of the
<br />Canc]nminium Pral~crty t3.t.ciimc, iz°in,~ the l~+=rc~~nta+7='s set forth in
<br />P~xrEx~7ra{zh v! o£ the Fir,;attar irec•ci. .
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