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