Section 1. Powers. The Board of Directors shall have power:

1. To adopt and publish rules and regulations governing the use of the Common Area and facilities, and the personal conduct of the members and their guests thereon, and to establish penalties for the infraction thereof;
2. Suspend the voting rights and right to use of the recreational facilities of a member during any period in which such member shall be in default in the payment of any assessment levied by the Association. Such rights may also be suspend after notice and hearing, for a period not to exceed sixty (60) days for infraction of published rules and regulations;
3. To exercise for the Association all powers, duties and authority vested in or delegated to this Association not reserved to the membership by other provisions of these By-Laws, the Articles of Incorporation, or the Declaration;
4. To declare the office of a member of the Board of Directors to be vacant in the event such member shall be absent from three (3) consecutive regular meetings of the Board of Directors; and
5. To employ a manager, an independent contractor, or such other employees as they deem necessary, and to prescribe their duties.
6. To do all other things allowed by law not inconsistent with these Articles, the Declaration, or other provisions of the By-Laws.

Section 2. Duties. It shall be the duty of the Board of Directors:

1. To cause to be kept a complete record of all its acts and corporate affairs and to present a statement thereof to the members at the annual meeting of the members or at any special meeting, when such statement is requested in writing by one-fourth (1/4) of the members who are entitled to vote;
2. To supervise all officers, agents and employees of this Association, and to see that their duties are properly performed;
3. As more fully provided herein and in the Declaration:
   1. to fix the amount of the annual assessments against each Lot at least thirty (30) days in advance of annual assessment period, as hereinafter provided in Article XII, and
   2. to send written notice of each assessment to every Owner subject thereto at least thirty (30) days in advance of each annual assessment period;
4. To issue, or to cause an appropriate officer to issue, upon demand by any person, a certificate setting forth whether any assessment has been paid. A reasonable charge may be made by the Board for the issuance of these certificates. Such certificate shall be conclusive evidence of any assessment therein stated to have been paid;
5. To produce and maintain adequate liability insurance, and to procure adequate hazard insurance on property owned by the Association;
6. To cause all officers or employees having fiscal responsibilities to be bonded, as it may deem appropriate; and
7. To cause the Common Area to be maintained in accordance with standards adopted by the Board.