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81003276
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1/14/2010 4:01:19 PM
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1/14/2010 4:00:25 PM
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DEEDS
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81003276
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_.,r. <br />9 <br />BI-- 00327 ~~--~ UG :^~;,~~ <br />ARmicrs vi. <br />Powers and Duties of the Hoard of Directors: <br />1. Powers. With regard to each Condominium Property <br />Regime, over- h ch this corporation has managemer-t responsi- <br />bility, the Board of Directors shall have power- to: . <br />ta) Adopt and publish rules and regulation <br />governing the use of the Common Elements and facilities, and <br />the personal conduct of the members and their guests- thereon, <br />and to establish penalties for the infraction thereof• <br />{b) Suspend the voting rights and thE~ right to <br />. use of the recreational facilities of a villa owner during <br />any period in which such villa owner shall be in default in <br />the payment of any assessments levied by the Association.. <br />Such rights may alga be suspended after notice and hearing, <br />but for a period not to exceed sixty (60) days, for in- <br />fraction of published rules and regulations; <br />~} Exercise for the Association all powers, <br />duties and authozities vested in car delegated to this As- <br />sociatian, anti not reserved to the villa owners by the <br />Master Deed: <br />;d) Employ a managz=r, zn independent contractor, <br />ar such other employees as they deem necessary, and to <br />prescribe their rlvties. <br />~, ;<ties. "st sk:all he tree duty of the Board a£ <br />Duce*.urs tu_.__._. <br />ia) ,.ease to be kept a complete record of ail of <br />its acts and .-~crparate affairs and to pzesent a statement <br />thereof to the ~=iila awncrs not less f~reguently than semi- <br />ar~n=aally: <br />gib) >u;:+c:r~.f.ise it uffacrs, agents and employees <br />ar the Asscc>at~u::. :~r<^ ?:a=~~ that their duties are properly <br />periarmed, <br />;c; .'.s ;acre _;:lly set out i~z the :-caster Deed to: <br />t-1~r'ir. °~he amount of the annual assessments <br />against Sao?: ==`la at mast thirty isfl) days in advance of <br />each arnu.si assessment, <br />i.i? `send written notice of each assess~aerit <br />to every «i la c~wi~er subject thereto at least thirty (30) <br />days in advance cif eah ans~uai assessment period; and <br />:~; k~crea;iase the lien against any property <br />for wi1:c!: a_,a4ss.r~r:z:ts ...re : at polo within thirty X34} days <br />after dui: :ate. ~~:- :~: b:.~, ar: action at law against tkre <br />owner persarali} u:313ya,.ca: ~o pay the same; <br />d) =ssue ~r cause an ~:p{;rapriate affic~r tr. <br />issue, upon:- dezr~na by an; pezss:n, a eertifi-cote setting <br />forth whetkxer nr hat any assessenene has been paid. Reasvn- <br />abla Lharz~e :a+,ay be ~:ade by the Baar;3 far the issuance cf <br />thes+s certi£icate.s. z£ a ~ertikicate states that an as- <br />sessmexst has been paid, sac's: certificate shall be crnc;lusive <br />evidence of such payments: <br />Ce} procure and zsainta;:, adequate liability and <br />hazard insuran~;e on the entire real estate in each Fairway <br />1til~as ;~crnilazninium property p,egime ar~d on any personal <br />3aavpert:y c~wt~ed *ay t're ,'tssoeiatian: <br />
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