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ARTICLE
VIII
- POWERS
AND DUTIES OF THE BOARD OF DIRECTORS
SECTION 1. Powers. The Board of Directors shall
have power to:
a).
adopt and publish rules and
regulations governing the use of the common area and facilities, and the
personal conduct of the members and their guests thereon, and to establish
penalties for the infraction thereof.
b). exercise
for the association all powers, duties and authority vested in or delegated to
this association and not reserved to the membership by other provisions of these
By-Laws, the Articles of Incorporation, or the Declaration.
c).
declare the office of a member of the board of directors to be vacant in
the event such member shall be absent from three (3) consecutive regular
meetings of the board of directors without a valid excuse approved by the board.
d). employ
a manager, an independent contractor, or such employees as they deem necessary,
and to prescribe their duties.
SECTION
2. Duties. It shall be the duty of the board of directors to:
a).
cause to be kept a complete record of all its acts and corporate affairs and
to present a statement thereof to the members at the annual meeting, when
such statement is requested in writing by one-fourth (1/4) of the class A
membership who are entitled to vote.
b).
supervise all officers, agents, and employees of
this association, and to see that their duties are properly performed.
c).
as more fully provided herein, and in the
declaration to: (1) fix the amount of the monthly assessment against each lot
at least thirty (30) days prior to the commencement of fiscal year of the
association and as hereafter provided in Article XII, and (2) send written
notice of any special assessment or of any change in the monthly assessment.
d).
bill
and collect monthly and special assessment on a monthly, quarterly or annual
basis as it deems necessary;
e).
issue or to
cause an appropriate officer to issue, upon demand by any person, a
certificate setting forth whether or not any assessment has been paid. A
reasonable charge may be made by the board for the insurance of these
certificates. If a certificate states an assessment has been paid, such
certificate shall be conclusive evidence of such payment.
f).
procure
and maintain adequate liability and hazard insurance on property owned by the
association.
g).
cause
all officers or employees having fiscal responsibilities to be bonded, as it
may deem appropriate;
h).
cause
the common area to be maintained; and
i).
cause the exterior of
dwellings situate on lots to be maintained as set forth in the declaration.
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