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 | Purpose |
| Definitions |
| Fiscal Year |
| Principal Office |
ARTICLE II - MEMBERSHIP AND VOTING RIGHTS
| Members |
| Associate Members |
| Change of Membership |
| Rights of Membership |
| Suspension of Rights |
| Contribution to Capital |
| Votes |
| Proxies |
ARTICLE III - MEETINGS OF UNIT OWNERS
| Place of Meetings |
| First Annual Meeting and Regular Annual Meetings |
| Special Meetings |
| Notice of Meeting |
| Quorum and Adjourned Meetings |
| Organization |
| Voting |
| Judges |
| Order of Business |
ARTICLE IV - BOARD OF DIRECTORS
| Express and Implied Powers and Duties |
| Number and Qualifications |
| Election and Term of Office |
| Declarant's Protective Provisions |
| Removal of Members of the Board |
| Vacancies |
| Meeting of the Board; Notices; Waiver of Notice |
| Quorum and Adjourned Meetings |
| Joinder in Meetings by Approval of Minutes |
| Non-Waiver |
| Consent in Lieu of Meeting and Vote |
ARTICLE V - POWERS AND DUTIES OF BOARD OF DIRECTORS
| General Powers and Privileges |
| Duties and Responsibilities |
ARTICLE VI - FISCAL MANAGEMENT
| Common Receipts |
| Determination of Common Expenses |
| Disbursements |
| Depositories |
| Accounts |
| Reserves |
| Exemption for Assessments for Capital Inprovements |
| Notice |
| Acceleration of Assessment Installment Upon Default |
| Interest and Counsel Fees |
| Power of Attorney to Institutional Lender |
| Annual Audit |
| Examination of Books |
| Fidelity Bonds |
| Designation |
| Election of Officers |
| Removal of Officers |
| Duties and Responsibilities of Officers |
| Other Duties and Powers |
| Eligibility of Directors |
| Compensation |
| Indemnification |
| Exculpability |
ARTICLE IX - COVENANTS COMMITTEE
| Purpose |
| Powers |
ARTICLE X - ADDITIONS, ALTERATIONS OR IMPROVEMENTS BY THE ASSOCIATION
ARTICLE XI - DAMAGE OR DESTRUCTION
| Enforcement |
| Fines |
| Waiver |
ARTICLE XV - CONFLICT; INVALIDITY
| Conflict |
| Invalidity |
ARTICLE XVIII - RENTAL OF UNITS OR TENANCY BY OTHER THAN OWNER
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© 1998 Royale Sands Beach Club Condominium Association. All rights reserved |
