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or for aaking emergency repair. therein necea.ary to ,prevent delllAg_ to the C01llllOn Zl.-nt. or to another Unit or Unlt.r 9. Determine what .hall con.titute Counon Zxpen... required for the affaire of the A..ociation, WhIch .ha11 include all ordinary or extra-ordinary and nece.eery expenaes for the operation and the repair, replacement and maintenance of the Property, and the ..tablishment of . reaerve for future =epair, replacement and maintenance of thOle portions of the Common Elements which must be replaced on a periodic ba.i.. h. Levy and collect the COl'llmOn Exp.n.es from the Unit Owners: i. Open bank accounts on behalf of the Association and designate signatories required therefor. j. Levy and collect Common Expenses from less than all Unit owners, if appropriate. Section s. General Duties. In addition to and without lImitation of the powera and dutie. a..igned to the Board of Director. el.ewhere herein, by the Declaration or by the Act, it .hall be the duty of the Board of Director. tOI a. Contract for labor and materIals needed to aaintain, repair and replace the Common Elements, pay for in.urance, utilities and other expense. of operating the Co:rmon Elements a~d of performing the other duties of the A..~ciation as provided by law, the Declaration or herein, and assess the cost& thereof against the members of the A.sociation in the manner provided for herein and in the Decl~ration. Tho Board 6hall include in the monthly a.sessments such amount as is necessary to accumulate an adequate r2.~rve for the maintenance, repair and replacement ()f those Common Elements that must be replaced on a periodic basis, and may accumulate an additional re.erve from time to time 1n anticipation of extraordinary Common Expenses. b. Cause to be kept detailed, accurate records in chronologlcal order, of the receipts and expenditures affecting the Common Element., .pecifying and itemizing the mainle~ance repair and replacement expenses of the Common Elements and any other expenses incurred. Such recorda and vouchers authorizing the payments ahall be available for examlnation by the Owners during normal buainess houra. -7-