held by as apartment owner shall be transferred to the name of such purchaser or donor on payment of one rupee to the Association.
(3)on the death of an apartment owner, his apartment shall be transferred to the person or persons to whom he bequeaths the same by his will, or to the legal representatives of his estate, in case he has not made any specific bequest of the apartment. The name of the legatee or the names of legal representatives jointly shall be entered in the register of apartment owners maintained by the Secretary for the purpose of Administration, of the ……..Condominium as apartment owner of joint apartment owners. Where any legatee is a minor, the apartment owner shall be entitled to appoint a guardian of such minor.
6.Joint apartment owners. –
Where an apartment has been purchased by two or more persons jointly, they shall be jointly entitled to the apartment and the shares of the Association shall be issued in their joint names, but the person whose name stands first in the share certificate shall alone have the right to vote.
7.Holding of one share compulsory. – Every apartment owner must hold at least one share of the Association (joint apartment owners holding the shares jointly).
8.Disqualifications.
No apartment owner shall be entitled to vote on the questions of the election of members of the Board or the President, Secretary, Treasurer or any other office-bearer or be entitled to stand for election to such office if he is in arrears on the last day of the year in respect of his contributions for common expenses to the Association for more than 60 days.
CHAPTER II
VOTING QUORUM AND PROXIES
9.voting. –
Voting shall be on a percentage basis, and the percentage of the vote to which the owner is entitled is the percentage assigned to the independent unit or units in the declaration.
10.Quorum. – Except as otherwise provided in these by-laws, the presence in person of a majority of owners shall constitute a quorum
11.Vote to be cast in person. – Votes shall be cast in person.
CHAPTER III
ADMINISTRATION
12.Powers and duties of Association. –
The Association will have responsibility of administering the ….. Condominium, approving the annual budget, establishing and collecting monthly assessments and arranging for the management of the condominium in an efficient manner. Except as otherwise provided, resolutions of the Association shall require approval by a majority of owners, casting votes in person.
13.Place of meetings. –
meetings of the association shall be held at suitable place convenient to the owners as may from time to time be designated by the Association.
14.Annual meeting.-
The first annual meeting of the association shall be held on ……(date). Thereafter, the annual meetings of the Association shall be held on the …….(1st, 2nd , 3rd, 4th)…… (Monday, Tuesday, Wednesday, etc.) of…..(month) each succeeding year. At such meetings there shall be elected by ballot of the apartment owners may also transact such other business of the Association as may properly come before them.
15.Special meetings.-
It shall be the duty of the President to call a special meeting of the apartment owners as directed by a resolutions of the Board or upon a petition signed by a majority of the owner and having been presented to the Secretary, or at the request of the Housing Commissioner, or as the case may be, the Registrar or any officer duly authorized by him in his behalf. The notice of any special meeting shall state the time and place of such meeting and the purpose thereof. No other business shall be transacted at a special meeting except as stated in the notice without the consent of four-fifths of the owners present in person.
16.Notice of meeting.-
It shall be the duty of the Secretary to mail or send a notice of each annual or special meeting, stating the purpose thereof as well as the time and place where it is to be held, to each apartment owner at least 2 but nor more than 7 days prior to such meeting. The mailing or sending of a notice in the manner provided in this by-law, shall be considered notice served. Notice of all meetings shall be mailed or sent to the Housing Commissioners, or as the case may be, to the Registrar.
17.Adjourned meetings. –
if any meeting of owners cannot be organized because a quorum has not attended the owners who are present, may adjourn the meeting to a time not less than forty-eight hours from the time the original meeting was called. If at such adjourned meeting also, no quorum in present the owners present in person being not less than two shall form a quorum.