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<br /> 4:c.;.r ecaesoa_iZ. �maanactaa.
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<br /> . , \ Ho IDea�er oi Lho IIoasd P=�inistsstose eLall raauivo aay eaapcasatioa!s�tEe 6oeoolatiea!ar eotiag an eueL. escept tAat `a., -
<br /> :.'p�. � :�' m�Eora ehall recoivo sutmbnrsexeat Loz mcpeaeea aetually iueasred E9 thma as A�iniotratose. `t ' .. .
<br /> `, � � Seetion 13. r-inei1ftv oi 11da1a1aLratoze. < , , '. .�
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<br /> The m�barn e! tLe eaa:d o!Adminietratara otiall aai bs lieblo W tdo wait osrstose fos eay mietnlrn oi !ud at. noqligaaeo 4 � 4-
<br /> ar oLIIostidea,ezcegi !oz tEek aw iadividanl aiilinl ciaeondnee or 6�d taitII. Tae s�Lers o!tQo Bossd o!�etsntore shall ' ,;+4�_.
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<br /> ,�° � 6aw ao rsonai 13ebllitY rdtL roepact to aay caatraat neGo by Che�oa Lchal!o!the Aseaalntton. Soesyaqs a�eat made Dq Lhe i . ,
<br />-- :�k4��•��c( BoasB ot�&dminleLrataze or by tLe mana4la4 a4eat or by tIIe mEsnYer on bahalt oi iho Asaooia!!oa oLell Psavide tAat the cembore _ _ .
<br />. , `, . '': of the Banzd ot AdainiaLSatose os tha�naag�a9 a4eat• os tEe msaa4er• ao the aene may 60, nre actiag oalq ea aqeata !or!ho , V.'.; .
<br /> • `� `,�.� 8asoaiatioa and shall Lave no pasaoaai liebility tIIereuades. ` � . .
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<br /> ¢ectioa 11 Ssanaeian ot StiriadScCicn ,' � ,<�
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<br /> - '` Morniaqeide villa•e Coadaminia Rogime I mny Ee mergad or eoasolidated vitR an adiotainq C�daaiai�o Rngime �sgon tho - r ' - .
<br /> < 4
<br /> n���{^�m+� aaaaeut ot all nait aoenoss_ IIpoa sach aes4ez or eonsolidatioa. t6e fallaodaq efrall nyylys `rL• '
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<br /> �; . (a) Tha c�oa e�easea oP t6e esgaaded aasaeiatioa vill ba baeed npon a lo�nla dividisg tha esBa of eseD nait (eselndiaq �' ._�
<br /> rv��, baaameata aad gaugaa) as eat fozch in eacII docleratioa by tLo toLal a:an o!ell aaito taacclnEiag baaamonta and qera4co) vhieL 'L`€ �, °
<br /> ' „�;... �'r ase past o8 the 1leoaciatioa, �eegt m follavaa ..-
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<br /> L �1� Eny a�ma es�reaae aasaaistOd vit�tEe maiute�asace• mpnir or replaeemeat o! a limited e�xoa olemsM smet be• _--
<br /> '' ', mseaeed againat the nnita to ubfeh tIIe ea�aa elameat in 8asiquedi '
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<br /> t2� Bay c�moa espeaae or portioa theseo!6eneitting leares than all ot the anits�at be easeeeed estlmivelY A4aia�t '�,'�,'-- ._
<br /> . .� the uaits DaaeEftadf and ' '�''-_.
<br /> •� '• ..` .�� I31 �Y ��oa �88ma cavasd hq the miscoadaat of aap anit oraar•e iaviteo mey Le eaaaaaed by tho Senoaiatiaa -_
<br /> �`�`j.=F•-. �4`��� exalceivalq against tAat avner•n nait.
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<br /> . . ::,:`: �b) Tha a�bas ai votes!or LIIe e=pnudedlbeoctatioa ahall Le LIIe ng�egate�of vutes ia aacL eeparate zogima matiA9 . _
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<br /> _ .`�.i .. .`«:''., up the Aeaoaiation aad at meetiags oi tAe espanded associatiaa. the ralea for a guozam. for dete�+n�n�'mhetLez ea action ehell �_;._
<br /> s?; ba takea. ter eleation ot ihe members o! the soarA oP 6�iaietsatoss� nad all aCher gnrgonee ebsll Le as ia pravided ia tAe�e —
<br /> � Y. ` gy-Laven, canatsaed on tha mganCa4 aumbar oY ngg�gato vatea. �". .._
<br /> , � - (c) �+Ilen oaly ose segime ia et£eeted by a dedsian oP tLe th��sa ia tAat�affected regime. o!8dmialairatore maq bat �'��`-..--
<br /> �..` . shall not aecessar119 be =eqnised t�• aoek the npproval oE oalY ...---
<br />_ ;:l:; AFCIICLB IV. 68PICffit8 �+;-
<br /> _ ' Section i
<br /> • ' ' y.',,._,��� TLe oPlieeze of the aaeee3ation ehail cansiet o! o Dreaideat, viee Dresideai• searetnry ead Traaeusar and enab additionnl - —
<br />_. ' ' � oifl.eere ae the Administratoss oLa11 !r�time eo time d ni�ltaaeo�lp.�ambD elern�o tyIIo o18oesd olAdmiaistzatoso maq aleo Le = -
<br /> -.....,v.. .:�'n..:.--..�.�. �1'60D Oh811 110�d'GbB GE�3CBD OZ YZBBSd9AE IIGC S8QI8T.GTy •�•�--�•-_�— _
<br /> . OlE3,eess. The DleOlGeat mey bo e18etCd!z�the memLe:a O! tlto Hoasd ef e.M.i�intiatots. ----
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<br /> • Section 2. Bleatioa. .`' --
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<br /> � The otLieesa o!the Aeexiation ehali be eleataQ e�aally bp a majnrity vote oi tba Hoard o!AdmialatreLara nt tLe aaanal �,�a
<br /> ' , gaasd meaL;ag. aad aLall 0old oliiao at the pinasaze oi the 8eard.
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<br /> . ''�'r,'�'� Beatfaa 3. RemOV81. � C-�'----- --
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<br /> � � „ IIpoa the aflismativa vota of s maiority o! tho 8asrd fa atteadeuco at aa naanal er e8eaia2 meetii+9• �7I olfices may 6a ��r, � _
<br /> � semavnd, aritL os vit�oat caase, and hio aucceaeos ehsll ha eloatcd thoreat. +�--
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<br /> `� ' SUCC�OII n� DI94�d0IIi. � . • '��.,.'7'..~
<br /> _ ��YJ.J..y.
<br /> ' TLe?seeideat ahall be the ahieP ezeentive oilicos o!the Assoatatioa. Sa sbe12 yreeide at all maetinqn o!the Aseoaietien �"'+='"
<br /> ' and ef tEo eoasd o!71c�iaietratoza. 8v oAall bave mll ot tLe amral e aad datiea vhich azo iuoideat te thfl o1Hce oE :�-+��=�'�. ..—
<br /> , '<<. Pzeaideat e!a aoapzoiit corporation� ineluding but aaL limited to,the ya�ver to npyoSaL a�itiees tram amaa9 tho nait•avnese '.�'Y_.-- �_
<br /> , . � irr�Limn to tia�o aa ho map at h1n diearetioa doaide ia appragriate!o aaaiat ia the eondaat o!tho a!lnire o!tLo Aeooaiotioa. _�-�,`,
<br /> . • r. SeCtioA 5. Qice vse�iHoAt. . --„�µ,� �._
<br /> ' TIIo olce 8seeideaL ehall tako tha place oY tho ?reaideat aad pesYozm bie or her duties mhenevor tAo ?reeideat oAall Es � .,;,.;::;,:,�.�
<br /> � � abnant or nnnble to aat. I! neltAor tho nsosideat aar the vica Yseeldoat ia able to aat� the 8oasd ot Amniaistsatose nhall J,��;;._
<br /> , � - sypoiat oome other mambar oP tho Hoasd o! 11-"*�^��trators Lo aaC ir+ Plr+eo ot tLe Pseaide�. on aa irrtortm baeie. Tlte oiae -
<br /> Pranident ehell aloo porlosm ano� otAos datian aa ahatl irom timo to time ba impnaad n8ca Lim or her by the Sonrd ot
<br /> , .. , ' � . .. ll�iaistsatorn os hy the psoniQeat. - ,_- '
<br /> � � Seation 6. 8aeretasg. r -
<br />.4 , "a4• • ' �ys ga�otary��1��the miantee o!all meeLiago oY tha naeooiation sna oY tAe 8oasd o!Mmiaistratose� snd eha31 kaap ��"
<br /> � � aame at the prinaipal e!lice o!the Aaeaaiatiaa naleas othessoise iaetsuated bq tha 8oud o!Adainiotratose= ho oz exo sdaii have -..�.. ;;,�•w_
<br /> ahesge oE onah boo7ca ead papnrs ee tho Boasd o!�iaiotratore may diracet ond ho or oho ohail, ia 5enaral, pestozm oll tho _ --
<br /> . • Eatioe inoidont to tda olfico ot oeareiary ot a aonpzotit aosyoratlon ergaaised undes tho laoro o! t�s State o4 9eDzaeka. '� �r�} '�- -
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<br /> - � � : -. seation 7. 'lreaanror. - "'
<br /> ' Tde Treenoser ehell hava tne reopoeaibility fos naeooiation tunGe and aewritiae aad nhall be reaponaible !oz keeping luli - -.='=.A�.,T';:''".
<br /> � • � and acwrato tinnrscial recor8a ead Dooke o! aecouat shooring all reeeiyte nnd disbusoemanto, aaA for the yseyaratioa ot ell °
<br /> ' � sogofsoA titwnoial data. He or ehe ahell bo zeepoaeible !or tAo dopoait ot all moniea and othes valnable eiYeote la ttto nome -�
<br /> • oi the eoara oY Ad:ninietrators, and he os s�e s°all, in genesal, He=:osm ell the datioa 1aciGont Eo the oifica oY Lreseuror o! :: �
<br /> a aoa-protit cospozatioa ozgaaised uadar tho laqn oi the State oi Hebsanka. . � , .
<br /> a•
<br />- . - . " Beation 8. Camsonnation. �� .
<br /> .,�„. .�' �. ' Cavpoasation o!otlicezn aAall bo l�e9 by tho 8oard ot II�iaistratora end uhall be reaeonaDlo eamyenoation coaaiderfag t�e �;`
<br /> ' dutioa oi the otlice. nr�y A�inlntretor vho ie aloo en otiiaer obail aoL hnvo a voto in thu aotting oi aomyennation !os Che
<br /> � �, o!lice os o!lieera leld by eaid Admiaiairator.
<br /> • - - • , • Seation 9. Aa:oenoMa. Contsaote. Eta. �, �
<br /> . All agreemente,onoeka, contsaatn nad othes inatzumentu onall Lo eigned by toro otlicoss o!Lha Aaaoolation os by euoA other • • :
<br /> peraon or poroone as may bo daaiganted by the Soozd o!ABmiaiatsatosc.
<br /> . � '. . . i1RTICZB I►. SOD(i8T AAD ASSHSSI�NPB , .
<br />- � . - : - , . BOOtion 3. HUG4eL._ ' •.•� • . .
<br /> " • `� � Tha eoasd o! uu�iniatratore ohall edopt e buQgat for eaoh iiecal yoaz, begianinq on Hny 1eL and ending on tho noxt April •
<br /> - ` 30th,vhieh ohall iacludo the eatimato of lundn roQyisad to defrny catmon oaponuon in the c�ing lineal year ead to provi8e tundo
<br /> - � !or cusront oxpenaea� reno:vee !or delerzed maiateaance, zoeorves !os repincemente, aad raaorvon to pzovide a roskiag lund or .
<br />� • ' • to mooL antioiyated losaea, and euah aana ae noa8ad to make up any flotiait in tAo oosmon expenee aeaeeemonta Sor yrier yaarn. • '� .�.
<br /> ' � 4ho budgot ehall be ndoptad in Aprii o! oaoh yaar in advanae oi tho ea�3ng lioeel yeer and copien o! the buQget aad tho ennual ;
<br />' . .. . � aunoaemoate !oz oaon unit ehall Da nent to eaab unSt omer on or hoforo the Ney 1ot baginning o! tho liacal yaar !os vhfeh the ,
<br /> . hudgot So aado. '
<br /> . eudgote may 6o emandod during a wrreat linaal yoar vhere noceeeary, Dnt eopiea ot tho aaended budqet nad psaponed inoroaoe
<br /> ' or Eeesaaao in aeeoeamoata ndall be mailed to oach onit oemer prior to tno etiective date o! ouch inaroaae oz deazeaee. _
<br /> , � ' 6aetion ]. nnnual Aoeeesaentn. �
<br /> Tho lisst annnal aeaoaameat ehall bo leviad againet oach unit end tho omor tAozaof on Hay 1, 1997, er upon rolinquiehment � �
<br /> ' • ' o! contsol o! tAo Aeooeiation by Oovolopor, vhieAever shall lirot ocaur. 2he annuel aeeoaeaont ohall bo divlQod nn evonly into . .
<br /> L�rolvo �19)monthly payrentn ao paeniblo ritA tho fiset paymont io ineludo the:oeeindos attez divioion. Theeo aoathly puymeate � .
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