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j. Impose fees or charges for the use, rental, or operation of property owned by the Association, and for services provided to Owners; k. Impose charges for late payment of assessments and, after notice and an opportunity to be heard, levy reasonable fines for violations of the Governing Documents and any Rules or Regulations adopted by the Board; I. Impose reasonable charges for the review, preparation and recordation of amendments to the Declaration or the Governing Documents, for statements of unpaid assessments, or for copies of Association records; M. Provide for indemnification of its officers and directors, and maintain directors' and officers' liability insurance; n. Provide for reasonable procedures governing the conduct of meetings and the election of directors; and o. Exercise any other powers conferred by law or the Governing Documents. 5.5 Meetings and Notices. Regular meetings of the Board will be held promptly following each regular Members' meeting. The Board will elect the Association's officers at each such meeting. a. Regular Meetings. Other regular Board meetings may be held at such dates, times, and places determined by a majority of the Board. b. Special Meetings. Special Board meetings will be held when called by the Association's President, or by the Secretary within five (5) days following written request by two (2) directors. Notice of a special meeting will be given to each director at least one (1) day before the meeting. Notice will be deemed given when deposited in the United States mail, postage prepaid, to the director's Lot address, or when personally delivered, orally or in writing, by a Board representative. C. Waiver of Notice. Any director may waive notice of any Board meeting orally, in writing, or by attendance at the meeting. If all directors are present at a Board meeting, no notice will be required and any business may be transacted at such meeting. 5.6 Quorum and Voting. A majority of the members of the Board will constitute a quorum for the transaction of business at any Board meeting. A quorum, once established, continues even after a director leaves a meeting. Each director shall have one vote. Except as provided otherwise in the Governing Documents or by law, Board action and decisions shall be made by the affirmative vote of a majority of the �. PSq%=1W5,2W-C=0211 6 F-DATA3d"3&01Mykr&vr0paa