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~~~ ARTZCI.B VZ. Powers and Duties of the Board of Directors 1. Powers. with regard to each Condominium Property Regina+s, over~rahich this corporation has managemient responsi- hility, the Board of Directors shall have payer to: (a} Adopt and publish rules and zequlatians governing the use of the Coam+on Elements and facilities, sad the personal conduct of the members and their guests thereon, and to estabiieh penalties for the infraction thereof; {b} Suspend the voting rights and the'right to use of the recreational facilities of a villa owner during any period in which such villa owner shall be in default in the payment of any assessments levied by the Association. Such rights may also bye suspended after notice and hearing, but for a period not to exceed sixty (b0) days, for in- fraction of published rules and r,agulations; (c) Exercise for the Association all powers, duties and authorities vested in or delegated to this As- sociation, and not reserved to the villa owners by the Master Deed; (d) Employ a manager, an independent contractor, or such other employees as they deem necessary, and to grescribe their duties. 2. Duties. Zt shall be the duty of the Board of Directors to: {ai Cause to be kept a complete record of all of its acts and corporate affairs and to present a statement thereof to the villa owners not less frequently than semi- annual3y; (b) Supervise all officers: agents and employees of the Association and to see that their duties are properly g2rfarmed; {c) As more fully set cut in the Master Deed to: {l) Fix the amount of the annual assessments against each villa at least thirty {30) days in advance of each annual assessment; (2) Send written notice of each assessment to every villa owner subject thereto at least thirty {30) days in advance of each annual assessment period; and (3) Foreclose the lien against any property for which assessments are not paid within thirty (30) days after due date or to bring an action at law against the owner personally obligated to pay the same; (d} Zssue or cause an appropriate officer to issue, upon demand by any person, a certificate setting forth wkiett~r or not any assessment has been paid. Reason- ab charge rm~y be :sods by the Board for the issuance of these eertif icates. If a certificate states that an as- sesswent has been said, such certificate shall be conclusive evidmnce of such payments; (e} Procure end maintain adequare liability and haa~rd ix;suranee on the entire real estate in each gairway grilse s:cndtwainiuta Property Regime and on any personal property owned by the Association; , -~-