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(1 0) To maintain accounting records according to generally accepted accounting practices, which shall be available and open to inspection by Members or their mortgages at reasonable hours or pursuant to reasonable mles promulgated by the Board of Directors regulating the frequency, time, location, notice and manner of inspections. (11) To supervise ali officers, agents and employees of the association and see that their duties are properly perfonned. (12) To issue, upon the request of a Member, a certificate' stating whether or not the assessments against the Member's unit have been paid, for which a reasonable charge may be made. (13) To designate depositories for Association funds, designate those officers, agents and/or employees who have authority to withdraw funds from such accounts on behalf of the Association, and cause such persons to be bonded, as it may deem appropriate (14) To hold a general meeting for Members for discussion of its proposed annual budget. Adoption of the annual budget shall be an affirmative vote of a majority of Directors. (15) By an affirmative vote of a majority of the Directors, to set an annual assessment at an amount sufficient to pay the expenses of the Association and to meet the obligations imposed by the Declaration and any supplementary declarations. Annual assessments may be due in quart•erly installments at the discretion of the Board of Directors. (16) To send written notice of each assessment to every Owner subject thereto at least thirty (30) days in advance of the due date of the anaual assessment or first installment thereof. Quarterly notices will not be sent. Quarterly installments are due on the first day of January, April, July and October in the amount specified in the one notice.
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