Condominium Resale Certificate - Williams & Williams

07:A14 MXC/jlf 2/4/84
the Association or Executive
the Declaration, these Bylaws, or
Board by applicable statutes,
the Act, and to perform
such other acts as may be incident to or necessary
performance of the foregoing.
To borrow money for the repair, replacement.
in the
maintenance and reconstruction of Common Elements,
and to
pledge and pay assessments, and any and all other revenue
and income for such purpose.
To buy Units, in foreclosure of an assessment lien
or at any other time or for any other reason and to sell,
lease, mortgage, and otherwise deal in Units from time to
time owned by the Association.
To impose from time to time, and collect, reasonable
rates, fees and charges for the use, rental or operation of
recreational facilities, if any, and other amenities forming
a part of the Common Elements, and the other Common Elements
other than Limited Common Elements.
Ct) To grant leases, licenses and concessions not to
exceed one (1) year and utility easements through and over
the Common Elements; provided however, that after conveyance
to Unit Owners other than Declarant or an affiliate of
Declarant of Units to which more than fifty percent (50%) of
the voting power is allocated, the Association may by resolution
of the members at a meeting duly called for such purpose
grant leases, licenses and concessions in excess of one (1)
year and easements through and over the Common Elements.
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