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(E) Issue, or cause an appropriate officer to issue, upon demand

               by any person,  a certificate setting forth whether or not  any


               assessment has been paid. A reasonable charge may be made by the Board

               for the issuance of these certificates. If a certificate states an

               assessment has been paid, such  certificate shall be conclusive

               evidence of such payment;

               (F) Procure and maintain adequate liability and hazard insurance on

               property owned by the Association;

                       (G)     Cause      all     officers       or     employees        having      fiscal

               responsibilities to be bonded, as it may deem appropriate;

                       (H) Cause the facilities to be maintained;


                       (I) Cause the exterior of the dwellings to be maintained.

               Sec. 4. REMOVAL.  Any Director may  be removed from the Board, with or

               without cause, by a majority vote  of the members of the Association.

               In the event of the removal of a Director, his or her successor shall

               be selected by the remaining members of the Board and shall serve

               until the next spring or fall meeting, at which time the appointed

               Director may be elected to fill the unexpired term.

                       Sec. 5. ACTION TAKEN WITHOUT A MEETING. The Directors shall have

               the right to take any action in the absence of a meeting which they


               could take at a  meeting by obtaining the written  approval all the

               Directors. Any action so approved shall have the same effect as though

               taken at a meeting of the Directors.

                                                 ARTICLE V -OFFICERS

                       Sec. 1. The officers of this Association shall consist of


               President, Vice-President, Secretary, and Treasurer and they shall be



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