HUMPHRIES, VALERIE R. - Laserfiche WebLink

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2.5 Voting Rights. The Association shall have one (1) class of voting membership consisting of all Owners who shall be entitled to one (1) vote for each Parcel owned. When more than one person holds an interest in any Parcel, the vote for such Parcel shall be exercised as they among themselves determine; but in no event shall more than (1) vote be cast with respect to any Parcel. If the owners of a Parcel cannot agree among themselves as to how such voting power will be exercised, and such Owners attempt to cast more than one vote for a Parcel, then no votes shall be counted for such Parcel. 2.6 Powers of Association. The Association shall have the following powers, rights and duties in addition to those provided elsewhere in this Declaration and those adopted in its Bylaws and rules and regulations: (a) To enforce the provisions of this Declaration. (b) To pay taxes, special assessments and other liabilities which are imposed upon the Association. (c) To levy Fines, assessments, and to perfect and enforce liens as hereinafter provided. (d) To make reasonable rules and regulations for the operation and use of the Project and to amend them from time to time. (e) To accept and acquire real property and personal property, and to maintain and make available such real and personal property for use by the Owners and the tenants of the Units within the Project. 2.7 Consent of Association. Whenever this Declaration or the Bylaws require the approval or consent of the Association, said approval or consent shall mean the written approval of the Board unless otherwise provided by this Declaration or the Bylaws. 2.8. Assessments. Each Owner shall be subject to the following assessments in amounts to be determined by the Board: (a) Regular monthly maintenance assessments equal to the Owner's assessment share of the actual or estimated cost of all maintenance; repairs; taxes to the Common Improvement Areas, if any; insurance; utilities for Common Improvement Areas; and other common expenses for the Common Area Improvements for which the Association is responsible, as declared within this Declaration, or as determined by the Association and outlined in the Bylaws. EXHIBIT E: Page 6 of 24