ARTICLE I

GENERAL PROVISIONS

<= /span>Section 1.01 – Non-Profit, Non-Stock Incorporated Association. The affairs of this condominium sh= all be governed by a non-profit, non-stock incorporated association of its unit ow= ners known as “Oakwood Estates Condominium Owners’ Association, Inc.”, which is formed and organized to serve as an Association of Un= it Owners who own real estate and improvements under the condominium form of u= se and ownership. The property, located in the City of Mosinee, Wisconsin and more particularly described in the Declaration of Oakwood Estates Condominium has been submitted by provis= ions of the Act by recordation simultaneously herewith of the Declaration with t= he Register of Deeds of Marathon County, Wisconsin.

<= /span>Section 1.02 – Mailing Addre= ss. The mailing address of the Condomi= nium, the Association and the Board of Directors shall be 453 Grand Avenue, Schofield= , Wisconsin 54476= during the period subject to control by the Declarant as set forth in Secti= on 12.05 (Declarant Control) of the Declaration. Thereafter, the mailing address sh= all be the home address of its President.

<= /span>Section 1.03 – Declarant Con= trol. The affairs of the condominium and= the Association shall be subject to control by the Declarant as set forth in Section 12.05 (Declarant Control) of the Declaration. No amendment of these By-Laws or t= he Declaration shall alter or abrogate the rights of the Declarant as containe= d in these By-Laws or the Declaration.

<= /span>Section 1.04 – Fiscal Year.<= /u> The fiscal year of the Association= shall begin on the first day of January and end on the last day of December of ev= ery year, except that the first fiscal year shall begin on the date of recordin= g of the Declaration.

<= /span>Section 1.05 – Conflicts. In case of any conflict between the Condominium Ownership Act (the Act) or the Declaration and these By-Laws, t= he Act or the Declaration, as the case may be, shall control; and in case of a= ny conflict between the provisions of the Act and the Declaration as it relate= s to these By-Laws or otherwise, the provisions of the Act shall control. All terms herein (except where cle= arly repugnant to the context) shall have the same meaning as in the Declaration= or said Act.

<= /span>Section 1.06 – Corporate Law= . The provisions of Wisconsin corporate law (specifically Chapter 181 of Wisconsin Statutes) shall govern= the organization and administration of the Association unless a clear contrary intent is evident from the Declaration or these By-Laws.

<= /span>Section 1.07 – Acquiring and Conveying Property.

<= span style=3D'mso-list:Ignore'>(1)&= nbsp; The Association may acquire and retain property in = the name of the Association for and on behalf of all unit owners and may grant a mortgage on such property. In= such event, assessments shall be made against all unit owners as part of the com= mon expenses in order to provide the required purchase or mortgage payments.

&nb= sp;

<= span style=3D'mso-list:Ignore'>(2)&= nbsp; Decisions respecting the acquisition or conveyance = of Association property shall require the approval of sixty-seven percent (67%= ) of the unit owners.

<= /span>Section 1.08 – Borrowing Mon= ey. The Board of Directors or officers= of the Association shall not borrow money on behalf of the Association unless authorized to do so by at least sixty-seven percent (67%) of the unit owner= s. Funds required for the repayment of borrowed money shall be part of the common expenses of the Association.

ARTICLE II

ASSOCATION MEMBERSHIP

<= /span>Section 2.01 – Roster of Unit Owners. The Associati= on shall maintain a current roster of the names and addresses of every unit ow= ner to whom notice of meetings of the Association shall be sent. The roster shall also include the = name and address of each mortgagee of a unit and the name and address of each pe= rson designated pursuant to Section 2.03 (Representation of Multiple Owners and = of Entities) hereof.

<= /span>Section 2.02 – Voting. The Association shall have one cla= ss of members. Members shall be all= Unit Owners and who shall have one (1) vote for each unit owned. If any Unit Owner consists of more= than one person, the voting rights of such Unit Owner shall not be divided but s= hall be exercised as if the Unit Owner consisted of only one person.

            <= /span>Section 2.03 – Representatio= n of Multiple Owners and of Entities.&n= bsp; When a unit has multiple owners, or such unit is owned by a partners= hip, corporation, trust, estate or other entity, then such owner(s) shall have t= he right to file a written designation with the Secretary specifying the person who shall represent the unit as the voting member in all meetings. Such written designation shall rem= ain in effect and be binding upon such unit owner(s) until a written revocation by= the unit owner(s) is filed with the Secretary.= If such written designation or a properly signed proxy has not been filed before any meeting, then the presiding officer at such meeting shall = have the right to designate any person present representing the unit owner(s) as= the voting member to cast the vote for such unit at such meeting and such designation shall be conclusive for that meeting.

            <= /span>Section 2.04 – Transfer of M= embership. Each membership shall be appurtena= nt to the Unit upon which it is based and shall be transferred automatically upon conveyance of that Unit. Memb= ership in the Association may not be transferred, except in connection with the transfer of a Unit. Upon tran= sfer of a Unit, the Association shall, as soon as possible thereafter, be given written notice of such transfer, including the name of the new Owner, identification of Unit, date of transfer, name of person designated to vote, and any other information about the transfer which the Association may deem pertinent, and the Association shall make appropriate changes to the Roster= of Unit Owners effected as of the date of transfer.

            <= /span>Section 2.05 – Certificate of Membership. The Board= of Directors may issue membership certificates to the persons or entities owni= ng units, but such certificates shall not be transferable in any manner whatso= ever and the existence or production of any such certificate for any unit shall = not supersede or affect the validity of the Roster of Unit Owners of the Association.

ARTICLE III

ASSOCIATION MEETINGS

            <= /span>Section 3.01 – Initial Meeti= ngs.

<= span style=3D'mso-list:Ignore'>(1)&= nbsp; Prior to the conveyance of twenty-five percent (25%= ) of the common element interest by the Declarant to purchasers, the Association shall hold a meting and unit owners, other than the Declarant, shall elect = at least twenty percent (20%) of the Directors. Prior to the conveyance of fifty p= ercent (50%) of the common element interest by the Declarant to purchasers, the Association shall hold a meeting and the unit owners, other than the Declar= ant, shall elect at least forty percent (40%) of the Directors.

&nb= sp;

<= span style=3D'mso-list:Ignore'>(2)&= nbsp; The calculation of the percentage of common element interest conveyed by the Declarant to purchasers under (1) shall be determi= ned by dividing the total number of units which have been conveyed by the total number of units declared in the Declaration.

<= span style=3D'mso-list:Ignore'>(3)&= nbsp; Not later than forty-five (45) days after the expiration of the period of Declarant control, the Association shall hold a meeting and the unit owners shall elect all of the Directors of the Association.

            <= /span>Section 3.02 – Annual Meetin= gs. The first annual meeting shall be = held in the month of November of the year in which the meeting convened in accordance with Section 3.01(3) of these By-Laws is held. Each subsequent annual meeting sha= ll be held on the first Friday in the month of November unless a different date in November is arranged by the Board.

            <= /span>Section 3.03 – Special Meeti= ngs. Special meetings of the Associatio= n may be called at any time by the President or by any two (2) members of the Boa= rd of Directors, or upon written request of the unit owners who are entitled to vote one-fourth (1/4) of all the votes.

            <= /span>Section 3.04 – Place of Meet= ings. All meetings shall be held at the principle office of the Association per Section 1.02 (Mailing Address) of t= hese By-Laws, or at such other place in Marathon County, Wisconsin, as the Board= of Directors may designate.

            <= /span>Section 3.05 – Notice of Mee= tings. No regular or special meeting of t= he Association may be held except on at least ten (10) days but no more than thirty (30) days written notice, from the President or Secretary, delivered= or mailed to every unit owner at the address shown on the roster or unless wai= vers are duly executed by all unit owners. Such notice shall specify the place, day and hour of the meeting, an= d, in the case of a special meeting, the purpose of the meeting.

            <= /span>Section 3.06 – Quorum. The presence at an Association mee= ting of owners and proxies entitled to cast a majority of the Association votes shall constitute a quorum for any action except as otherwise provided in the Act, the Declaration, or these By-Laws.&nb= sp; If, however, such quorum shall not be present or represented at any = meeting, the members entitled to vote thereat shall have power to adjourn the meeting from time to time, without notice other than announcement at the meeting, u= ntil a quorum shall be present or be represented. At such adjourned meeting at which= a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally noticed.

            <= /span>Section 3.07 – Suspension of Voting Rights. No unit owner may vote at a meeting of the Association until such owner shall furni= sh the Association with his or her name and current mailing address for the ro= ster of unit owners. Further, a un= it owner may not vote at a meeting of the Association if the Association has recorded a Statement of Condominium Lien on the owner’s unit and the amount necessary to release the lien has not been paid at the time of the meeting.

            <= /span>Section 3.08 – Proxies.<= /b> At all Association meetings owners= may vote in person or by proxy. A= ll proxies shall be in writing and filed with the Secretary not later than the= day before the scheduled meeting. Proxies shall be valid only for the particular meeting(s) or time designated therein, unless sooner revoked.= Every proxy shall be revocable and shall automatically cease upon conveyance of a unit or upon the termination of an owner’s interest therein. In any event, a prox= y is effective only for a maximum period of 180 days following its issuance unle= ss it is granted to a mortgagee or lessee.

            <= /span>Section 3.09 – Controlling V= ote. Unless otherwise provided in the A= ct, the Declaration, or these By-Laws, decisions of the Association shall be ma= de on a majority of votes of the unit owners present and voting and such major= ity shall be considered the act of the members.

            <= /span>Section 3.10 – Order of Busi= ness. The order of business at all meeti= ngs of the Association shall be as follows:

<= span style=3D'mso-list:Ignore'>1.&n= bsp;     Roll Call

<= span style=3D'mso-list:Ignore'>2.&n= bsp;     Proof of notice of meeting or waiver of notice

<= span style=3D'mso-list:Ignore'>3.&n= bsp;     Reading of minutes of preceding meeting

<= span style=3D'mso-list:Ignore'>4.&n= bsp;     Reports of officers

<= span style=3D'mso-list:Ignore'>5.&n= bsp;     Reports of Board of Directors

<= span style=3D'mso-list:Ignore'>6.&n= bsp;     Reports of committees

<= span style=3D'mso-list:Ignore'>7.&n= bsp;     Election of inspectors of election (when applicable= )

<= span style=3D'mso-list:Ignore'>8.&n= bsp;     Election of Directors (when applicable)

<= span style=3D'mso-list:Ignore'>9.&n= bsp;     Unfinished business

<= span style=3D'mso-list:Ignore'>10.&= nbsp; New business

            <= /span>Section 3.11 – Parliamentary Procedure. Except whe= re inconsistent with these By-Laws, meetings of the Association shall be condu= cted in accordance with the latest revised addition of “Roberts Rules of Order.”

ARTICLE IV

BOARD OF DIRECTORS

            <= /span>Section 4.01 – Number. The affairs of this Association sh= all be managed by a Board of five (5) Directors.

            <= /span>Section 4.02 – Term of Offic= e. The Directors shall take office up= on election and shall serve terms on the following basis: one (1) Director shall serve for a= term of one (1) year, two (2) Directors shall serve for a term of two (2) years = and two (2) Directors shall serve for a term of three (3) years. Thereafter, Directors shall be ele= cted for three (3) year terms.

            <= /span>Section 4.03 – Removal.<= /b> Any Director may be removed from t= he Board with or without cause, by a vote of two-thirds (2/3) of the Directors= or by a majority vote at an Association meeting. In the event of the death, resigna= tion or removal of a Director, a successor shall be selected by the remaining members of the Board and shall serve for the unexpired term.

            <= /span>Section 4.04 – Compensation.= No Director shall receive compensa= tion for any service rendered to the Association. Any Director may, however, be reim= bursed for actual expenses incurred in the performance of duties.

            <= /span>Section 4.05 – Nomination. Nominations for Directors shall be= made by a Nominating Committee of three (3) voting members. The Nominating Committee shall be appointed by the Board of Directors prior to each annual meeting of the Association, to serve from the close of such annual meeting until the close= of the next annual meeting. The Nominating Committee shall make as many nominations for election to the Boa= rd of Directors as it shall in its discretion determine, but not less than the number of vacancies that are to be filled.= Nominations for Directors may also be made from the floor at the ann= ual meeting.

            <= /span>Section 4.06 – Election.= Election to the Board of Directors= shall be by secret written ballot. = The person(s) receiving the largest number of votes shall be elected.

            <= /span>Section 4.07 – Limitations.<= /u> Not more than two (2) Directors ma= y be non-unit owners.

            <= /span>Section 4.08 – Liability of Directors and Officers. No person shall be liable to the Association for any loss or damage suffered by it on account of any action taken or omitted to be taken by him or her as a Direc= tor or officer of the Association, if such person (a) exercised and used the sa= me degree of care and skill as a prudent person would have exercised or used u= nder the circumstances in the conduct of his or her own affairs, or (b) took or omitted to take such action in reliance upon advice of counsel for the Association or upon statements made or information furnished by officers or employees of the Association which he or she had reasonable grounds to beli= eve to be true. The foregoing sha= ll not be exclusive of other rights and defenses to which he or she may be entitle= as a matter of law.

ARTICLE V

MEETING OF DIRECTORS

            <= /span>Section 5.01 – Regular Meeti= ngs. Regular meetings of the Board of Directors shall be held quarterly without notice, at such place and hour as= may be fixed from time to time by resolution of the Board. However, one of these meetings sha= ll be the regular annual meeting of the Board of Directors and shall be held immediately after, and at the same place as the annual meeting of the Association. Should any meeti= ng fall upon a legal holiday, then that meeting shall be held at the same time= on the next day which is not a legal holiday.

            <= /span>Section 5.02 – Special Meeti= ngs. Special meetings of the Board of Directors shall be held when called by the President of the Association or = by any two (2) Directors after not less than ten (10) days notice to each Director.

            <= /span>Section 5.03 – Quorum. A majority of the number of Direct= ors shall constitute a quorum for the transaction of business. Every act or decision done or made= by a majority of the Directors present at a duly held meeting at which a quorum = is present shall be regarded as the act of the Board. If, at any meeting of the Board of Directors, there shall be less than a quorum present, the majority of those present may adjourn the meeting from time to time without further notice. At any such adjourned meeting at w= hich a quorum is present, any business which might have been transacted at the mee= ting as originally called may be transacted.

            <= /span>Section 5.04 – Action Taken Without A Meeting. The Directors shall have the right to take any action in the absence of a meeti= ng which they could take at a meeting by obtaining the written approval of all= the Directors. Any action so appr= oved shall have the same effect as though taken at a meeting of the Directors.

            <= /span>Section 5.05 – Waiver of Not= ice of Meeting. Any Director= shall have the right to file a written waiver of notice of the meeting of the Boa= rd of Directors and consent to the transaction of any business that may come before the meeting. Such waiv= er can be given before or after any meeting and shall be effective when filed with= the Secretary with the minutes of the meeting.= Attendance by a Director at any meeting of the Board shall be a waiv= er of notice by him at the time and place hereof.

ARTICLE VI

POWERS AND DUTIES OF THE BOARD OF DIRECTORS

            <= /span>Section 6.01 – General.<= /b> The Board of Directors shall have = the authority to exercise, for and on behalf of the Association, all powers, du= ties and authority vested in or delegated to the Association by the Act, [the Articles of Incorporation] or the Declaration, except where the Act or Declaration specifically require a vote of the Association membership.

            <= /span>Section 6.02 – Specified. The Board of Directors shall have = the specific power and duty to:

(1)&= nbsp;   Adopt administrative rules and regulations (herein referred to as the “Rules and Regulations”) governing the use a= nd occupancy of the units; the use of the common elements; the conduct of the = unit owners, unit occupants and their guests; and to establish penalties for the infraction thereof; provided, however, that any portion of such Rules and Regulations may be amended or rescinded by the unit owners representing sixty-seven percent (67%) of the units at any annual or special meeting if written notice thereof is given to all members at least ten (10) days before the date of such meeting.

&nb= sp;

(2)&= nbsp;   Employ a manager, managing agent, independent contr= act or such other employees and personnel as the Board of Directors deems necessary, and to prescribe their compensation and duties.

(3)&= nbsp;   Cause to be kept, using standard bookkeeping procedures, detailed and accurate records of the receipts and expenditures affecting the common elements, specifying and itemizing the maintenance and repair expenses of the common elements and any other expenses incurred, together with a complete record of all proceedings and activities of the Bo= ard of Directors and the Association. A summary of such records shall be presented to the Association membership at each annual meeting.

(4)&= nbsp;   Cause all vouchers authorizing the payment of common expenses to include satisfying all liens against the Condominium property a= nd pay necessary expenses connected therewith; and the books and papers of the Association to be available for examination by the unit owners and their mortgagee(s) at convenient times at the principle office of the Association, where copies may be purchased at reasonable cost.

(5)&= nbsp;   Prepare on or before November 1 of each year an ann= ual budget for consideration and adoption by the annual meeting of the Associat= ion which budget shall show the estimated income and receipts of the Associatio= n, together with the common expenses which will be required to properly mainta= in the common elements as provided in the Declaration.

(6)&= nbsp;   Fix the amount of the regular monthly assessments required to be paid by each unit based on such annual budget and a reasonab= le amount considered by the Board of Directors to be necessary for a reserve f= or contingencies, replacements and improvements. At a minimum, this annual budget s= hall increase the greater of three percent (3%) or the same percentage increase = in the Consumer Price Index – All Urban consumer for the most recent twe= lve month period available. The additional funds shall be applied to the reserve account, unless otherwise = indicated by the Board. Said amounts sh= all be assessed and charged against the Units and allocated among the members of t= he Association according to their respective percentages of ownership in the condominium as set forth in the Declaration. The common charges shall be paid m= onthly to the Association on or before the first (1^st) day of each month. If payment is not rece= ived by the tenth (10^th) of the month, there will be a late charge of $25.00 per month until paid in full.

(7)&= nbsp;   Furnish to each unit owner at or before the annual meeting each year a summary of the proposed Association budget and a statem= ent of the monthly assessment to be made to each unit during the following year, together with a statement of the rate of interest which has been fixed by t= he Board of Directors to be charged on unpaid assessments.

(8)&= nbsp;   Sue to recover a money judgement for unpaid assessm= ents and charges or foreclose the lien against any unit for which assessments or charges are not paid, in which event the Board of Directors on behalf of the Association may bid on such unit at foreclosure sale and acquire, hold, lea= se, mortgage and convey the unit.

(9)&= nbsp;   Notify a Mortgagee per the Roster of Unit Owners of= any default under the Declaration, these By-Laws or the Rules and Regulations b= y a unit owner of a unit subject to such Mortgage, in the event such default continues for a period exceeding forty-five (45) days.

(10)=            Secure and maintain adequate policies of insurance = as required by the Declaration.

(11)=            Cause such officers, directors or employees of the Association having a financial responsibility to be bonded at the expense of the Association as it may deem appropriate.

(12)=            Contract for or otherwise provide for such services= as may be necessary to manage, control and maintain the common elements in goo= d, safe, clean, attractive and sanitary condition, order and repair.

(13)=            Levy special assessments as authorized by the Declaration, provided that:

= (a)&= nbsp;   a written report setting forth the reasons for and = the estimated amount of the funds required, the proposed assessment against each unit, and the date or dates of payment is provided to the unit owners with = the notice of the special Association meeting at which such special assessment = will be considered; and

&n= bsp;

= (b)&= nbsp; such special assessment is approved by the affirmat= ive vote of unit owners representing a majority of the votes.

(14)=            Designate by resolution, from time to time, one or = more banks to act as depository for the funds of the Association.

(15)=            Establish procedures for the approval of all disbursements from the Association’s funds and for the regular audit = of the books and records of the Association.

(16)=            Suspend for not more than 60 days, after notice and hearing before the Board, the voting rights of any unit owner, tenant or occupant who is in default in the payment of any assessment levied by the Association or who is charged with a substantial infraction of the Rules and Regulations.

(17)=            Perform such other functions to enforce the recorded Oakwood Estate Condominium Declaration or that are required by law.

ARTICLE VII

OFFICERS AND THEIR DUTIES

            <= /span>Section 7.01 – Enumeration of Officers. The Officer= s of this Association shall be a President and Vice-President, who shall at all times be members of the Board of Directors, a Secretary, a Treasurer, and s= uch other officers as the Board may from time to time by resolution create.

            <= /span>Section 7.02 – Election of Officers. The electio= n of officers shall take place at the first meeting of the Board of Directors following each annual meeting of the Association.

            <= /span>Section 7.03 – Term.= The officers of this Association s= hall be elected annually by the Board of Directors and each shall hold office for one (1) year unless he/she shall sooner resign, be removed or otherwise be disqualified to serve.

            <= /span>Section 7.04 – Special Appointments. The Boa= rd of Directors may appoint such other officers as the affairs of the Association= may require, each of whom shall hold office for such period, have such authorit= y, and perform such duties as the Board may from time to time determine.

            <= /span>Section 7.05 – Resignation a= nd Removal. Any officer = may be removed from office with or without cause by an affirmative vote of a major= ity of the members of the Board of Directors.&= nbsp; Any officer may resign at any time by giving written notice to the Secretary. Such resignation s= hall take effect on the date of receipt of such notice or at any later time specified therein, and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

            <= /span>Section 7.06 – Vacancies. A vacancy in any office shall by f= illed by appointment by the Board of Directors.&= nbsp; The officer appointed to such vacancy shall serve for the remainder = of the term of the officer replaced.

            <= /span>Section 7.07 – Multiple Offi= ces. The offices of Secretary and Treas= urer may be held by the same person. No person shall simultaneously hold more than one (1) of the other offices exc= ept in the case of special offices created pursuant to Section 7.04 (Special Appointments) hereof.

            <= /span>Section 7.08 – Duties. The duties of the officers are as follows:

<= span style=3D'mso-list:Ignore'>(1)&= nbsp; President. The President shall be the Chief Executive Officer of the Association and preside at all meetings of the Board of Directors and Association. He or she shall have all general p= owers and duties which are usually vested in the office of President; including b= ut not limited to: see that the orders, resolutions, Rules and Regulations of the Board are carried out; si= gn all leases, mortgages, deeds and other instruments of conveyance; be ex-off= icio a member of all standing committees and co-sign all check and promissory no= tes.

&nb= sp;

<= span style=3D'mso-list:Ignore'>(2)&= nbsp; Vice-President.&nb= sp; The Vice-President shall act in the place and stead of the President= in the event of the President’s absence, inability or refusal to act, and shall exercise and discharge such other duties as may be required by the Bo= ard of Directors. If both the Pre= sident and Vice-President are unable to act, the Board of Directors shall appoint = some other member of the Board to do so on an interim basis.

<= span style=3D'mso-list:Ignore'>(3)&= nbsp; Secretary. The Secretary shall record the votes and keep the minutes of all meetings and proceedings of the Board of Directors and of the Association; serve notice of meetings of the Board and of the Association; keep the Association roster of unit owners and addresses; sign, verify and file all statements of condominium lien; certify statements of unpaid condominium assessments for delivery to unit grantees; co-sign all leases, mortgages, d= eeds and other instruments of conveyance; and perform such other duties as requi= red by the Board.

<= span style=3D'mso-list:Ignore'>(4)&= nbsp; Treasurer. The Treasurer shall receive and deposit in appropriate bank accounts= all monies of the Association and shall disburse such funds as directed by resolution of the Board of Directors; shall sign all checks and promissory notes of the Association; keep proper books of account; cause an annual aud= it of the Association books to be made by a public accountant at the completio= n of each fiscal year; and shall prepare an annual budget and a statement of inc= ome and expenditures to be presented to the Association at its annual meeting a= nd deliver a copy of each to the unit owners.= The Treasurer shall also be responsible for the billing and collecti= on of all common charges and assessments made by the Association.

<= span style=3D'mso-list:Ignore'>(5)&= nbsp; Assistant Officers. The Board of Directors shall have = the power to elect or appoint Assistant Officers to perform in the absence or disability of their primary officer and shall perform that officer's duties= and any other duties assigned by the Board of Directors.

ARTICLE VIII

COMMITTEES

            <= /span>Section 8.01 – General Commi= ttees. The Board of Directors shall appoi= nt such committees for such purposes and terms at it deems appropriate to discharge the duties and responsibilities of the Association and the Board = of Directors and to provide for the proper operation of the Association.

            <= /span>Section 8.02 – Nominating. The Board of Directors shall appoi= nt a Nominating Committee having the number of members and the responsibilities = as specified in Section 4.05 (Nomination) of these By-Laws.

   &n= bsp;        Section 8.03 – Architectural= and Landscape Control. The Board of Directors shall appoint an Architectural and Landscape Control Committee of at least three (3) unit owners who shall discharge the responsibilities assigned to that committee by the Declaration. Such committee members shall serve= for such terms as the Board may determine.&nbs= p; In the alternative, the Board of Directors may serve as the Architectural and Landscape Control Committee.

ARTICLE IX

COMMON EXPENSES

            <= /span>Section 9.01 – Illustrative = List. The common expenses set forth in S= ection 9.02 (Typical Expenses) are intended only to guide unit owners, directors a= nd officers in understanding the nature and purpose of common expenses. The common expenses actually incur= red by the Association may include items not listed in Section 9.02 (Typical Expen= ses) or conversely, may not include items which are listed. The Board of Directors shall have = full authority to determine and authorize appropriate common expenses.

            <= /span>Section 9.02 – Typical Expen= ses. Common expenses may include, but a= re not limited to, the cost of:

<= span style=3D'mso-list:Ignore'>(1)&= nbsp; maintaining the grounds which are part of the common elements, including cutting of grass, care of shrubs and trees;

&nb= sp;

<= span style=3D'mso-list:Ignore'>(2)&= nbsp; snow removal from all of the sidewalks and parking areas and private drives of the condominium;

<= span style=3D'mso-list:Ignore'>(3)&= nbsp; providing garbage, rubbish and trash collection;

<= span style=3D'mso-list:Ignore'>(4)&= nbsp; providing water, sewer, electrical, gas and other utility services for the project, except to the extent that any part of the same are separately metered or billed to individuals;

<= span style=3D'mso-list:Ignore'>(5)&= nbsp; property and liability insurance on the condominium= and the cost of other such insurance as the Association may obtain, to the exte= nt that the same is not required to be separately billed to individuals;

<= span style=3D'mso-list:Ignore'>(6)&= nbsp; the services of the management and maintenance personnel or independent contractors as the Association shall consider necessary for the operation of the condominium;

<= span style=3D'mso-list:Ignore'>(7)&= nbsp; providing such legal and accounting services as may= be considered necessary to the operation of the condominium;

<= span style=3D'mso-list:Ignore'>(8)&= nbsp; acquiring, painting, maintaining, replacing, repair= ing, operating and landscaping the common elements and such furnishings and equipment for the common elements as the Board of Directors shall determine= are necessary and proper;

<= span style=3D'mso-list:Ignore'>(9)&= nbsp; any and all other materials, supplies, labor, servi= ces, maintenance, repairs, taxes, assessments or the like which the Association = is required to secure or pay for by law, or otherwise, or which in the discret= ion of the Board of Directors shall be necessary or proper for the operation and use of the common elements; and

<= span style=3D'mso-list:Ignore'>(10)=            any amount necessary to discharge any lien or encumbrance levied against the condominium, or any portion thereof, which m= ay, in the opinion of the Board of Directors, constitute a lien against any of = the common elements rather than the interest of the owner of any individual uni= t.

            <= /span>Section 9.03 – Owner’s Responsibility. Any o= wner that requests of and received permission by the board to add extras (for example: trees, bushes, small structures, etc.) to the common area around their unit, shall be required to maintain such items, either themselves or by hiring and privately paying for such maintenance.

ARTICLE X

MISCELLANEOUS

            <= /span>Section 10.01 – Seal. There shall be no seal for the Association.

            <= /span>Section 10.02 – Interpretati= on. In case any provision of these By-= Laws shall be held invalid, such invalidity shall not render invalid any other provision hereof which can be given effect. Nothing in these By-Laws shall be = deemed or construed to authorize the Association or Board of Directors to conduct = or engage in any active business for profit on behalf of any or all of the Unit Owners.

            <= /span>Section 10.03 – Number and G= ender. Whenever used herein, unless the c= ontext shall otherwise provide, the singular number shall include the plural, the plural shall include the singular, and the use of any gender shall include = all genders.

            <= /span>Section 10.04 – Captions. The captions and section headings = herein are inserted only as matters of convenience and for reference, and in no way define nor limit the scope or intent of the various provisions hereof.

            <= /span>Section 10.05 – Waiver.<= /b> No restriction, condition, obligat= ion or provision contained in these By-Laws shall be deemed to have been abrogated= or waived by reason of any failure to enforce the same, irrespective of the nu= mber of violations or breaches thereof which may occur.

            <= /span>Section 10.06 – Jurisdiction= . These By-Laws shall be governed by= the laws of the State of Wisconsin, County of Marathon, and City of Mosinee.

ARTICLE XI

AMENDMENTS

            <= /span>Section 11.01 – Presentment.= Amendments to these By-Laws may be initiated and presented by the Board of Directors or any unit owner. Amendments must be submitted in wr= iting to all unit owners at least ten (10) days prior to the annual or special Association meeting at which they will be considered.

            <= /span>Section 11.02 – Vote Require= d. These By-Laws may be amended by the affirmative vote of unit owners having sixty-seven percent (67%) or more of= the votes.

            <= /span>Section 11.03 – Recording Amendment. Whenever an amendment or new By-Law is adopted, it shall be placed in the book of By-La= ws in the appropriate place. If = any By-Law is repealed, the fact of the repeal, with the date of the meeting at which the repeal was enacted or written assent was filed, shall be stated in said book.

            <= /span>The foregoing By-Laws were duly adopted by a meeting of the Association held on Friday, November 5^th, 2004.

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           &n= bsp;            = ;            &n= bsp;            = ;            &n= bsp;            = ;          Secretary