07-17-14 Regular Meeting of the Planning and Zoning Commission

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EXHIBIT C thing of a similar nature that will promote the common benefit and enjoyment of the Owners of theSubdivision, as authorized by the Certificate of Formation, Bylaws, Declaration, any other Dedicatory Instrument or permitted by law. (b)Without limiting the foregoing general statement of purposes and powers, the Association shall have the power to: (1)Cause to be kept a complete record of all its receipts and disbursements hereunder and maintain a statement thereof and a summary of the major activities on an annual basis; (2)Monitor all agents and employees of the Association hereunder and to see that their duties are properly performed; (3)Fix, levy and collect the amount of the Assessments and other charges to be levied against each Lot; (4)Buy or otherwise acquire, sell, or otherwise dispose of, mortgage, or otherwise encumber, exchange, lease, hold, use, operate, and otherwise deal in and with real, personal, and mixed property of all kinds and any right or interest therein for any purpose of the Association, which shall include the power to foreclose its lien on any property subject to the Declaration by judicial or non- judicial means; (5)Procure and maintain liability insurance upon the Board of Directors, its agents and employees, and insurance as deemed appropriate by the Board of Directors on Association assets or any other proper purpose; (6)Exercise all powers reasonably necessary to effectuate the purposes of theAssociation; (7)Manage, control, operate, maintain, preserve, repair and improve the Common Areas and any property subsequentlyacquired by the Association, or any other property owned by another for which the Association, by rule, regulation, Declaration, or contract, has a right or duty to provide such services. (8)Borrow money for any purpose subject to such limitations as may be contained in the Dedicatory Instruments; (9)Enter into, make, perform and enforce contracts of every kind and description, and to do all other acts necessary, appropriate or advisable in carrying out any purpose of the Association, includingbut not limited toenforcement of the architectural control provisions contained in the Declaration; (10)Provide or contract for services benefiting the Subdivisionand/or the Owners including, without limitation or obligation, garbage removal and any and all supplemental municipal services as may be necessary or desirable; (11)Contract with other associations, organizations, or groups to provide for the maintenance of property adjacent to or adjoining the Subdivision; 2