6.2. SR 03-01-2010 - Laserfiche WebLink

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~.G~1~~~ AI~IY~Zl~IT~AT~~N~ The adnu~istration and operation of tl~e A.ssaciation and tn~ Pxoper~r, inclx~ding but n.ot limited to the eats xequixed of the Association, shall be governed by the fallowing provisions; S.l, General, The operation. and administration of the Association and the I'raperty shall be governed by the Governing ~actnnents, the Rules, and 1~~~0A, The Association, shall be responsible for the operation and nnanage~nent of the property. The Association shill have all pawexs described in ~e Governing ~acuments, M~~OA and the statute under which the . Association is incorporated. All power and authority of the Association shall be vested hi the Beard, unless action or approval by the individual Owners, is specifically rewired by the ~overnin.g Dacum.ents ar M~ZOA, All references to the Association shall mean the Association acting through floe Board unless'specifically stated to the contrary, 5,~, Qp,~~a~opal Pu~~poses. The Association shall operate and manage the property far . the, pu~•poses of ~i} ad~ni~stering and enforcing the coven.ts, restrictions, easements, charges . a~.d liens set forth in the Governng ]documents and the Rules; iii}maintaining, repairing and replacing those portions of ~e property and any other property for which it is assigned.. responsibility under this Declaration; and viii} preserving the value and. the architectural character of the PrQ~erty~ 5~3. ~ind~. effect of Actions. All agreements and. detern~inatians made by the Association in accordance with the powers and voCing rights estal~Iishcd ~ by the Governing Documents or IViG~~A shall ~e binding upon all Gwners ~a.~~d Occupants, and them Jlassces, inviteas, heirs, personal representatives, successors and assigns, and all secured parties as deiYned in~I1~IO~~]A. ~ ' 5.4.~la~rs~ The Association shall have Bylaws. The Byla~s shall govern .the ' operation and administration of the Association, and. shall be binding on all Owners and Occupants. ~ . 5,~. 1~anagem~nt, ~ The Board. may delegate to a manager ar managing agent the rr~anagement dutios inapased upon. the Association's af~cers and. directors by the Governing Documents and 1V1~1DA~ . however, such delegation shall not relive tie officers anal directors of the ultimate responsibility far the performance of their duties a.s prescribed by the Gaver~ng .l~ocum.ents anal. by law. ~.6. . Rues. The ~aard shall have exclusive authority to appxave and implement, such _ reasonable Rules as ~it deems necessary from tune to time far the purpose of operating a:ad adm7.nzstexing the affairs of the Association. ar~d reg~~lating the use of the.Prapcrt~r; provided.: ~i}that the Rules shall not be inconsistent with' the Gove~.ixag Documents ar I~CiOA, 'and iii) that any Rules materially or adversely affecting only the ~an~ercial Units ar their ~,~mited Gamtnan dements must be approved by members ,of the Board that include the affirmative vote . of at least one director elected by the commercial Unit owners, and any Rule materially or ad~rerscly affecting only 'the Residential Units must be approved by members of the Board. that include the affirn~ati~re vote of at least one directo~• elected by the Residential Unit Owners. Tl~e Nrn~s-waxa ~a~~~a.~ 11