3(c) Conditional Use Permit "The Range" Resort Development LLC/Premier Homes

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4.4 Authori to Vote. The Owner,or some other natural person designated to act as proxy on behalf of the Owner,and who need not be an Owner, may cast the vote allocated to such Living Unit(s)at meetings of the Association; provided,that if there are multiple Owners of a Unit,only the Owner or other Person designated pursuant to the provisions of the By-Laws may cast such vote. The voting rights of Owners are more fully described in the By-Laws. Section 5 Administrafion The following provisions shall govern the administration and operation of the Association and the Property,including but not limited to the acts required by the Association: 5.1 General. The operation and administrafion of the Association and the Property shall be governed by the Governing Documents and the Act. The Association shall,subject to the rights of the Owners set forth in the Governing Documents and the Act, be responsible for the operation, management and control of the Property. The Association shall have all powers described in the Governing Documents,the Act and the statute under which it is incorporated. All power and authority of the Association shall be vested in the Board, unless acfion or approval by the individual Owners is specifically required by the Governing Documents or the Act. All references to the Association shall mean the Association acting through the Board unless specifically stated to the contrary. 5.2 Ooerational Purooses. The Associafion shall operate and manage the Property for the I purposes of(i)administering and enforcing the covenants, restrictions,easements,charges and liens set forth in the Governing Documents and Rules and Regulations(ii) maintaining, repairing and replacing those portions of the Property for which it is responsible and (iii)preserving the value and architectural uniformity and character of the Property. i 5.3 Binding Effect of Actions. All agreements and determinations made by the Association in accordance with the powers and voting rights established by the Governing Documents or the Act shall be binding upon all Owners and Occupants,and their lessees,guests,heirs, personal, representatives,successors and assigns,and all secured parties as defined in the Act. i 5.4 By-Laws. The Association shall have By-Laws. The By-Laws and any amendments � thereto shall govern the operation and administration of the Association. 5.5 Management. The Board may delegate to a manager or managing agent the II management duties imposed upon the Association's officers and directors by the Governing Documents �', and the Act; provided,however,that such delegation shall not relieve the officers and directors of the I ultimate responsibility for the perFormance of their duties as prescribed by the Governing Documents and by law. 5.6 Rules and Regulafions. The Board shall have exclusive authority to approve and implement such reasonable Rules&Regulations as it deems necessary from time to fime for the purpose of operating and administering the affairs of the Association and regulating the use of the Property; provided that the Rules and Regulations shall not be inconsistent with the Governing Documents or the Act. The inclusion in other parts of the Governing Documents of authority to approve Rules and Regulations shall be deemed to be in furtherance,and not in limitafion,of the authority granted by this 8