5. HRSR 03-01-2010 - Laserfiche WebLink

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SECTION 5 ADMINISTRATION The administration and operation of the Association and the Property, including but not limited to the acts required of the Association, shad be governed by the following provisions; 5.1. General, The operation and administration of the Association and the 'Property shall be governed by the Goveming Documents, the Rules, and MCIGA. The Association shall be responsible for the operation and management of the property. The Association shall have* all powers described in the Governing Documents, MGIOA and the statute under which the Association is incorporated. All power and authority of the Association shall be vested hi the Board, unless action or approval by the individual Owners, is specifically required by the Governing Documents or MC10A. All references to the Association shall mean the Association acting through the Board unless'specifically stated to the contrary. 5.2. 0 erational Purposes. The Association shall operke and. manage the Property for the, purposes of (i) administering and enforcing the covenants, restrictions, easements, charges atid liens set forth in the Governing Documents and the Rules; (ii) rnain.tai ing, repaafing and replacing those portions of the Property and any other property for which it is assigned. responsibility under this Declaration; and (iii) preserving the value and the architectural character of the Prof- ertya 5.3. Bl*n&g Effect of Actions. All agreements and determinations made by the Association in.�accordance with the powers and voting rights established.. by the Governing Documents or MC10A. shall �e binding upon all Owners -and Occupants, and their lessees, � invitees, heirs, personal representatives, successors and assigns, and a;ll secured parties as defined inMGZ�.A. . _ 5.4. B aws. The Association shall ha_ ve Bylaws, The Bylaws shall govem.the � operation and administration of the Association, and shall be binding on all Owners and Occupants. 5.5. Management.' The Board may delegate to a manager or managing agent the rnma g ement duties imposed upon the Association's officers and directors by the Governing Documents and MCI0A... However, such delegation shall not relieve tie officers and directors of � I the ultimate responsibility for the performance of their duties as prescribed by the Governing � .Documents and by law. f and implement. such 5.6, �. The Board shall have exclusive authority to approve a � reasonable Rules as 'i.t deerns necessary from time to time for the purpose of operating and . e affairs of the Association and re �latin the use of the - Property; provided: s adn�inister�ng the � g . (i) that the Rules shall not be inconsistent Frith ' the Governing Documents or MCIGA, ' anal. (ii) that any Rules materially or adversely affecting only the Gon=ercial Units or their Limited E Common Elements must be approved by members ,of the Board that include the aff=ative vote . of at least one director elected by the Commercial Unit Owners, and any Rule materially or adversely affecting only the Residential Units roust be approved by members of the Board that include the affinnative vote of at least one director elected by the Residential Unit Owners. The MPLS -word 202180.3 11