Venetian Bay HOA By Laws

Instrusent# 2005-256417 # 19 Book: 5654 Page: 30

(6) To make and collect assessments authorized by the Declaration and to lease, maintain,repair and replace the common elements.

(7)To grant or contract for easements,licenses,and other privileges and duties on behalfofthe Members.

(8)To cause to be kept a complete record ofall its acts and corporate affairs and to present a summary thereof to the Members at the annual meeting of the Members or at any special meeting. (9) To maintain a Book of Rules and Regulations containing all Rules and Regulations adopted by the Board ofDirectors and committees ofthe Association from time to time. (10)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 rules promulgated by the Board ofDirectors regulating the frequency,time,location, notice and manner of inspections. (11)To supervise all officers, agents and employees of the association and see that their duties are properly performed. (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 behalfofthe 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 ofDirectors.

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