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~, receipt of the petition. The notice of any special meeting shall state the time and place of such meeting and the purpose thereof. No business shall be transacted at a special meeting, except as sta.ted in the notice, unless by consent of the owners of all the units or as otherwise set out in these Bylaws. `'f 6. NOTTCE OF 1VIRFTINC~. It shall be the du of the Secre t or s ial meetin statin the Ty ~y o mail a not~ce of each annual P~ 8 g purpose thereof and the time and place where it is to be held to each owner ~~ of record at least seven (7) but not more than fifty (50) days pnor to such meeting. The mailing shall be to 5 the owner's address last given the Secretary in wnting by the unit owner. If no address has been given to the Secretary in writing, then mailing to the Condommium unit shall be sufficient. Tfie mailing of a notice in the manner provided in this Section 6 shall be considered notice served. ,14 7. ORDER OF BUSINESS. The order of business at all meetings of the owners of units shall be as determined by the Chairman. . ~ 4 ARTICLE IY ' ~4~D OF DIRECTORS !~ 1. ~IIZMBER ~Nii~ OU i.iRrc~e~rrniv, ~e ~~ of the Association shall be governed by a Board of Directors composed of two (2) persons, each of whom must be a designated representative of a unit owner. ~ ~ 2. ~'OWERS AND D ~. The Board of Directors shall have. the powers and duties necessary for the administration of the affairs of the Association and may do all snch acts and .things as are not by law or ~ by these Bylaws directed to be exercised and done by the owners. . 3. QTI~R DUTIES. In addition to duties imposed by these Bylaws or by resolutions of the Association, the Board of Directors shall hatve authority to cazry out and be responsible for the following ~ matters: ~`" (a) Care, upkeep and snpervision of the general common elements, ~the pazking garage common area and Hearing Room Unit, and assigning, supervising assignments or approving any (~ assignment of the use of any general common element as may be required by the Declaration; ~~ (b) Establishment and maintenance of replacement reserve accounts and other reserves ; ~ wluch are required to be maintained by the Oregon. Condominium Act or these Bylaws and such other ~ reserve accounts as are permitted by these Bylaws; (c) Designation and collection of monthly assessments from the owners, in accordance with T these Bylaws, the Declaration and the Oregon Condominium Act; ~ d . () Estabhshment of a budget and payment "of all common expenses of'the Association consistent therewith and subject thereto, and institntion and maintenance of a voucher system for snch ~ payment, which shall require a sufficient number of signatories thereon as may be reasonably necessary to prevent any misuse of Association funds; ~ (e) Obtaining and maintaining insurance policies and payment. of premiums therefor out of ~ ~~ the common expense funds in respect to both the common elements and individual nnits, as more specifically provided in Article VIII of these Bylaws; j~ ( fl Designation and dismissal of the personnel necessary for the maintenance and operation ~ of the general common elements; (g) Causing the preparation and distribution of annual financial statements of the '~~ Association to each of the unit owners as more specifically provided in azticle XII; ~ , Bylaws Courthouse Squaze Condominium Page - 3 1026980258 ~~