Condominium Resale Certificate - Williams & Williams
Condominium Resale Certificate - Williams & Williams
Condominium Resale Certificate - Williams & Williams
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O7Al9 MIG/jIf 2/4/84<br />
Association.<br />
AR TICLE VI. DIRE CTORS ' AND OFFICERS' INDEMNITY<br />
The Association shall indemnify<br />
expenses and liabilities, in<br />
such manner, under such circumstances,<br />
and to such extent, as<br />
such persons, for such<br />
permitted by Section 448.3-102<br />
(13) of the Act, as now enacted or hereafter amended.<br />
ARTICLE VII.<br />
FISCAL MANAGEMENT<br />
7.1 Depository: The depository of the moneys of the<br />
Association shall be such bank or banks as<br />
from time to time<br />
shall be designated by the Executive Board. Withdrawal of<br />
moneys from such depository<br />
any two (2) officers of<br />
shall be only by checks signed by<br />
the Association, or any other persons<br />
as may from time to time be authorized by the Executive<br />
Board.<br />
7.2 Records of Association: The books, accounts, and<br />
records of the Association shall be open to<br />
inspection and<br />
examination by any member of the Association and any Security<br />
Holder at all, reasonable times.<br />
7.3 Fidelity Bonds: Fidelity bonds shall be required by<br />
the Executive Board in accordance with the<br />
Declaration.<br />
Expense.<br />
provisions of the<br />
The premiums on such bonds shall be a Common<br />
7.4 Payment Vouchers: Payment Vouchers shall be approved<br />
by the Executive Board unless such authority to approve the<br />
same has been delegated to any<br />
Executive Board.<br />
- 19 -<br />
officer or manager by the<br />
a121
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