Powers and Duties of the Board of Directors. A. All of the powers and duties of the Association existing under the Articles of Incorporation and these By-Laws shall be exercised exclusively by the Board of Directors, its agent, contractors or employees, subject only to approval by Site Owners when such is specifically required. Such powers and duties shall be exercised in accordance with the documents herein stated, and shall include, but not be limited to, the following: 1. Making, establishing, amending and enforcing reasonable rules and regulations governing portions of the Property, provided that notice of any modification, addition or deletion of the regulations is sent by U.S. Certified Mail, return receipt requested, to each member of the Association at least thirty (30) days before said modification, addition or deletion becomes effective. 2. Making, levying, collecting and enforcing assessments against members to provide funds to pay the Association Expenses. Such assessments shall be collected by the Association by payments made directly to the Association by members in the manner set forth in the documents described above. 3. Using the proceeds of assessments in the exercise of its powers and duties. 4. Enforcing by legal means the provisions of the Declaration, Articles, these By-Laws and rules and regulations as same may be promulgated, modified, or amended from time to time, including levying fines. 5. Retaining independent contractors and professional personnel and entering into and terminating service, supply and management agreements and contracts to 61 63 provide for the administration, management, operation, repair and maintenance of the portions of the Property over which the Association has jurisdiction. 6. Hiring and retaining such employees and/or contractors for reasonable compensation as are necessary to administer and carry out the services required for the proper administration of the purposes of the Association and delegating thereto all powers and duties of the Association which are not specifically required by the Declaration, the Articles or these By-Laws to have the approval of the Board of Directors or the membership of the Association. 7. To do such other things as may be necessary in order to perform the duties and to exercise the powers provided for the Association in the Declaration except that the Association shall obtain an affirmative vote of at least eighty percent (80%) of its membership before any legal action be commenced which has the expected recovery of at least Seven Thousand Five Hundred Dollars ($7,500.00).
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