Specific Duties of Association Sample Clauses

Specific Duties of Association. The Association shall have the obligation to contract for the operation, repair and maintenance of the common ground and easement property and the exterior decoration, for necessary legal and accounting services and to purchase materials and supplies therefore. The Association shall make all expenditures authorized once such expenditures have been authorized in the annual budget. The declarant, prior to submitting an annual budget to the Association, is authorized to incur and pay reasonable and necessary expenses. All payment vouchers shall be approved by the President and after such approval, shall be paid by the Association. Upon thirty- (30) days notice to the Association and upon payment of a reasonable fee therefore, the Association shall furnish to any owner a statement of his account setting forth the amount of any unpaid assessments or other charges due or owing from such owner. It shall be the duty of the Association to xxxx, collect and receipt the collection of all monthly or annual assessments and to enforce the collection thereof. The Association shall have the affirmative obligation to enforce all provisions of this declaration and shall retain the services an attorney when necessary to do so. The Association shall record in the office of the Bonneville County Recorder all instruments affecting the property. The Association shall see that all members are informed with respect to all regulations as may be adopted and promulgated by the Board of Directors or Association from time to time. The Association shall have the authority and duty to designate and remove, when it deems removal appropriate, any property improperly remaining on the common ground and easement property and to contract for the snow removal, cleaning, maintenance and repair of the improvements on the common ground and easement property.
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Related to Specific Duties of Association

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  • Duties of Adviser The Fund hereby appoints the Adviser to act as investment adviser to the investment funds (the "Portfolios") of the Fund as set forth on Schedule A attached hereto, for the period and on such terms as set forth in this Agreement. The Fund employs the Adviser to manage the investment and reinvestment of the assets of the Portfolios, to continuously review, supervise and administer the investment program of each of the Portfolios, to determine in its discretion the securities to be purchased or sold and the portion of each Portfolios' assets to be held uninvested, to provide the Fund with records concerning the Adviser's activities which the Fund is required to maintain, and to render regular reports to the Fund's officers and Board of Directors concerning the Adviser's discharge of the foregoing responsibilities. The Adviser shall discharge the foregoing responsibilities subject to the control of the officers and the Board of Directors of the Fund, and in compliance with the objectives, policies and limitations set forth in the Fund's prospectus and applicable laws and regulations. The Adviser accepts such employment and agrees to render the services and to provide, at its own expense, the office space, furnishings and equipment and the personnel required by it to perform the services on the terms and for the compensation provided herein.

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