Condominium Resale Certificate - Williams & Williams

'' B8 MIG/jlf 2/4/84
personal pronouns shall be construed to apply to masculine,
feminine or neuter gender as the context may require. Should any
provision of this instrument be deemed to violate the Rule
against Perpetuities and is not subject to Section 448.2-103(2)
of the Act, then such provision shall not be stricken but shall
be deemed to continue in force and effect for the longest time
permitted under Missouri law or for the life or lives in being
plus twenty-one (21) years and ten (10) months thereafter. If
any provision is deemed to be invalid, then the elimination of
such provision shall not affect the remaining provisions.
15.10 Bonds: Before any Unit Owner shall become a member
of and serve on the Executive Board, he shall be able to be
bonded. The Executive Board shall procure a blanket fidelity
bond on themselves individually and collectively for the benefit
of all Unit Owners in an amount not less than the estimated
maximum of funds, including reserve funds in the custody of the
Executive Board at any given time during the term of each bond.
The bond shall be written only by a bonding company approved to
write fidelity bonds for Executors and Administrators by the St.
Louis County Probate Court. The cost of premiums for such blanket
bond shall be paid out of the common funds of this Condominium as
a general charge and shall not be borne by the individual members
of the Executive Board. The bond shall contain waiver of all
defenses based upon the exclusion of persons serving without
compensation from the definintion "employee" or similar terms
or expressions.
The bond shall provide that it may not be
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