The Association shall have all the powers and rights of a nonprofit mutual benefit corporation under the laws of the State of Oregon. The Association shall act through its Board. The Board shall have the power and duty to act for the Association, except for actions which require the approval of the Owner-members or the Resident-Members of the Association.
Section 2
Rights.
In addition to those Association rights which are provided by law or elsewhere in the Documents, the Board shall have the following rights:
Delegation.
To elect, employ, appoint, assign, and delegate the rights and duties of the Association to managers, officers, employees, committees, agents, and independent contractors.
Contracts.
To enter into contracts with third parties to furnish goods or services for the benefit of the Association and its Members.
To grant easements on the Association Property to any public agency, authority or utility.
Policies, Rules and Regulations.
To adopt policies, rules, and regulations relating to the use of the Properties to which the Documents apply, and for the conduct of the Members and their guests as are appropriate and reasonable. This right shall include the interpretation and clarification of the Documents.
Section 3
Duties.
In addition to those duties which are imposed by law or elsewhere in the Documents, the Board shall have the following duties.
Manage and Maintain Association Properties.
To manage, improve, maintain, repair, and replace all of the improvements located on Association Property or subject to the control of the Board, including personal property. The Association Property (subject to additions or deletions permitted hereunder) shall be owned, managed, and maintained by the Board for the use and benefit of the Members and their guests.
Enforce Association Documents.
To enforce the provisions of the Documents by appropriate means as provided in the Documents.
Levy and Collect Assessments.
To fix, levy, and collect Assessments and individual charges in the manner provided in Articles V and VIII of this Declaration.
Taxes and Assessments.
To pay any and all real and personal property taxes and assessments and all other taxes levied against the Association or Association Property and to prepare and file any annual tax returns with federal, state, and local government s may be required.
Water and Other Utilities.
To acquire, provide, and pay for water and other utility services as necessary for the Association Property.
Professional Services.
To obtain and pay the cost of legal, accounting, and other professional services necessary or proper for the maintenance and operation of the Association and enforcement of the Documents.
Insurance.
To obtain and pay the cost of insurance for the Association as provided in Article IX, Section 1.
Bank Accounts.
To deposit all funds collected by the Association in interest bearing accounts, if available and practicable, with a bank or savings institution in the state of Oregon insured under the FDIC.
Budget.
To propose the annual budget and to conduct a budget hearing for Members prior to its adoption by the Board. Notice of such hearing shall be given to the Members in accordance with the Bylaws.
Maintenance and Inspection of Records.
To keep adequate and correct records of account, a register of Members, minutes of Membership and Board meetings, and other records as are reasonably necessary for the prudent management of the Association. The Membership register, records of financial accounts, and minutes of the Membership and Board meetings shall be kept at the Association office and made available during regular office hours for inspection and copying by any Member of the Association. The Board may adopt rules or regulations designating information relating to Association employees or Members as confidential and not available for inspection.
Section 4
Limitations.
Dedication or transfer of Association Property must be approved by a majority of the Owner-Members voting as provided in the Articles.