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member shall have a right to participate in the Boazd of Directors meetings unless such member is also a member of the Boazd of Directors. The Chair shall have authority to exclude any Association member who disrupts the proceeclings at a meeting of the Board of Directors. ~ 13. NOTICE TO ASSOCIA,TION MEMBERS OF BOARD OF DIRECTORS MEETINGS. For other than emergency meetings, notice of Board of Directors meetings shall be posted at a place on the ", Condominium property at least three (3) days prior to the meeting or notice shall otherwise be provided to ~~ each member of the Associarion reasonably calculated to inform each member of such meetings. The posting of such notices'shall be at a reasonable location which has been generally publicized to the unit owners. ~ 1 14. TELEPHOrTIC MEETINGS. Regular meetings of the Board may be held telephonically by means of a"conference call" in which each Director may speak~ with any of the other Directors. The Directors shall keep telephone numbers on file with the Chair to be used for telephonic meetings. No nodce to either Directors or Association members shall be reqnired for a telephonic meeting of the Boazd of Directors to be held for any emergency action. However, no such telephonic meeting shall occur unless all members of the Board of Dire~tors participate in the same. ARTICLE V 4F'F'ICERS ~i' L~+~ 1. DESIGNATION. The principal officers of the Association shall be a Chair, a Secretary and a Treasurer, all of whom shall be elected by the Directors. . The Directors may appoint an Assistant Treasurer and an Assistant Secretary, and any such other officers as in their judgment may be necessary. 2. ELECTION OF OFFICERS. The officers of the Association may be elected by the Boazd of Directors at the organizational meeting or any board meeting thereafter called for the purpose of election of officers, and shall hold office at the pleasure of the board ~ 3. BEMOVAL OF OFFICERS. Upon a vote of the Boazd of Directors, any o~cer may be removed, either with or without cause, and lus successor elected at any regular or special meeting of the Boazd of Directors. 4. CHAIR. The Chair shall preside at all meetings of the Association and of the Board of Directors. ~~ 5. SECRETARY. The Secretary shall keep the minutes of all meetings of the Board of Directors and the minutes of all meetings of the Association; he shall have charge of such books and papers as the Board of Directors may direct; and he shall, in general, perform all the duties incident to the office of Secretary. 6. TREASURER. The Treasurer shall have responsibility for Association funds and securities not otherwise held by the managing agent, and shall be responsible for keeping full and accurate accounts of all receipts and disbursements in books belonging to the Association. He shall be responsible for the deposit of all monies and other valuable effects in the name, and to the credit, of the Association in such depositories as may from time to tir~ be designated by the Board of Directors. 7. DII~CTORS AS OFFICEI_? S. Any Director may be an officer of the Association. ARTICLE VI OBLIGATIONS OF THE OWNERS _ 1. ASSESSMENTS. All owners aze obligated to pay annual assessments imposed by the ~ Association to meet all the Condominium's common expenses, which shall include, without limitarion, _., premiums for insurance required or permitted under Article VIII of these Bylaws. In the discretion of the ~ ~ , Bylaws Courthouse Square Condominium ~-' Page - 5 1026980258 ~l ~