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46 <br /> agents and/or employees having the authority to deposit and withdraw such funds; and, in its <br /> discretion, to require such officers, agents or employees to be bonded in such amounts as it <br /> deems necessary. <br /> (h) Sign all mortgages, deeds of trust,agreements, contracts, vouchers <br /> for payment of expenditure, deeds and other instruments in such manner as from time to time <br /> will be determined by written resolution of the Board. In the absence of such determination by <br /> the Board,such documents will be signed by the President and the Secretary. <br /> (i) Procure and maintain adequate insurance of such nature and in <br /> such amounts as is provided in the Declaration, and such other insurance as the Board may deem <br /> necessary or appropriate, including, without limitation hazard insurance, liability insurance and <br /> officers and directors liability coverage. <br /> 0) Appoint such committees as are provided for in these Bylaws and <br /> the Declaration or as otherwise deem appropriate by the Board, including, but not limited to, an <br /> ARB. <br /> (k) Exercise their powers in good faith and do and perform such <br /> other matters and things not expressly prohibited by law,the Declaration, or these Bylaws as are <br /> necessary and appropriate to the proper administration, operation and maintenance of the <br /> Association. <br /> (1) Prepare an annual budget in which there will be established the <br /> assessments of each Lot Owner for the Common Expenses. A summary of the proposed budget <br /> will be provided to all of the Lot Owners within thirty (30) days after adoption of the proposed <br /> budget, and the budget will be ratified at a meeting of the Lot Owners. <br /> (m) Pay all taxes, charges and assessments which are or may become <br /> Page 38 of 50 <br />