The Bader Condominium Bylaws

Table of Contents


SECTION
TITLE PAGE

Amendment 1

First Amendment to Condominium Bylaws
Article I


Identification of the Condominium and Definitions 1

1.

Identification of the Condominium 1

2.

Definition 1
Article II


Administration; Applicability 1

1.

Administration 1

2.

Applicability 1
Article III


Condominium Association 2

1.

Qualification 2

2.

Powers and Resposibility 2

3.

Place of Meeting 2

4.

Annual Meeting 2

5.

Special Meeting 2

6.

Notices 2

7.

Voting 3

8.

Proxies 3

9.

Quorum 3

10.

Order of Business 4

11.

Conduct of Meeting 4
Article IV


Board of Directors 4

1.

Power of Duties 4

2.

Managing Agent 6

3.

Number of Directors 6

4.

Election and Term of Office 6

5.

Annual Meeting 6

6.

Regular Meetings 6

7.

Special Meetings 6

8.

Waiver of Notice 7

9.

Telephonic Attendance Quorum; Voting 7

10.

Vacancies 7

11.

Removal of Directors 7

12.

Compensation 7

13.

Conduct of Meetings / Minutes 8

14.

Annual Report of the Board of Directors 8

15.

Fidelity Bond 8

16.

Liability of the Board of Directors 8

17.

Action Without Meeting 9

18.

Common or Interested Directors 9

19.

Board of Directors as Attorney-In-Fact 9

20.

Committees of Owners 10


A.
Establishment 10


B.
Authority 10


C.
Limitation on Powers 10


D.
Particular Committees 10



1) Covenants Committee 10



2) Facilities Committee 10
Article V


Officers 11

1.

Designation 11

2.

Election of Officers 11

3.

Removal of Officers; Vacancies 11

4.

President 11

5.

Vice President 11

6.

Secretary 11

7.

Treasurer 12

8.

Compensation of Officers 12

9.

Agreements, Contract, Deeds, Checks 12
Article VI


Operation of the Condominium 12

1.

Determination of the Common Expenses and Assessments 12


A.
Fiscal Year 12


B.
Annual Budget 12


C.
Assessment and Payment of Common Expenses 13


D.
Reserve Fund for Capital Improvements, Repair, and Replacements 13


E.
Special Assessments 13


F.
Effect of Failure to Prepare or Adopt Annual Budget 14


G.
Accounts 14

2.

Payment of Common Expenses 14

3.

Collection of Assessments 14

4.

Statement of Unpaid Assessments 15

5.

Maintenance and Repair 15


A.
By the Association 15


B.
By the Unit Owner 15


C.
Manner of Repair and Replacement 16


D.
Unit Maintenance and Repair 16

6.

Additions, Alternations, or Improvements by the Association 16

7.

Additions, Alternations, or Improvements by the Unit Owner 16

8.

Restrictions on Use of Units and Condominium 16

9.

Limitations of Association Liabilities 18

10.

Right of Access 19

11.

Rules and Regulations 19

12.

Information to be Furnished Upon Unit Resale 19
Article VII


Insurance, Destruction, Restoration, Condemnation, and Distribution 20

1.

Authority 20

2.

Coverage 20

3.

Limitations 21

4.

Notice of Insurance Coverage 22

5.

Individual Policies 22

6.

Insurance Trustee 23

7.

Covenants for Benefit of Mortgages 23

8.

Reconstruction 23

9.

Condemnation 24

10.

Assessments if Insurance is Inadequate 25

11.

Disbursements 25

12.

Notification 25

13.

Premiums and Deductibles 25

14.

Secondary Market Entities 25
Article VIII


Mortgages 25

1.

Notice to Board of Directors 25

2.

Notice of Unpaid Assessment 26

3.

Notice to Default 26

4.

Examination of the Books / Audit 26

5.

Rights of First Mortgages 26
Article IX


Notice 27

1.

Manner of Notice 27

2.

Waiver of Notice 27
Article X


Amendment of Bylaws 27

1.

Amendment of Bylaws 27

2.

Approval of First Mortgages 27
Article XI


Compliance of Default 27

1.

Relief 27


A.
Legal Proceedings 28


B.
Additional Liability 28


C.
Costs and Attorney Fees 28


D.
No Waiver of Rights 28


E.
Interest 28


F.
Abatement and Enjoinment of Violations by Unit Owners 28

2.

Lien for Contributions 29
Article XII


Miscellaneous 30

1.

Compliance 30

2.

Conflict 30

3.

Severability 30

4.

Waiver 30

5.

Captions 30

6.

Grammar 30

7.

President and Secretary as Attorneys-in-Fact 30