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~ the common elements and any other expenses incurred. Suc <br />and the vouchers authorizing the payments shall be ava~ <br />examination by the unit owners at convenient hours of we <br />3. REPORTS AND AUDITS. The Board of Directors sha <br />or cause to be prepared an annual report of the rec <br />expenditures of the Association and a balance sheet and ~ <br />expense statement setting forth the financial conditi~ <br />Association as at the end of each year. The report <br />prepared according to generally accepted accounting procE <br />shall be distributed to all unit owners within ninety <br />after the end of each fiscal year. At any time, any ownE <br />his own expense, cause an audit or inspection to be ma <br />books and records of the Association. <br />4. ANNUAL REPORT. The Board of Directors shall <br />Annual Report to be filed with the Oregon Secretary ~ <br />pursuant to the provisions of ORS 100.250. <br />ARTICLE XIII <br />COMPLIANCE <br />These Bylaws are intended to comply with the provisic <br />Oregon Condominium Act, which are incorporated herein <br />~ supplement the provision in the Condominium Declaration. <br />any of the provisions hereof conflict with the provision <br />statutes, the statutory provisions shall apply. In ca: <br />conflict between the provisions hereof and the Declaral <br />provisions in the Declaration shall apply. <br />IF <br />ARTICLE XIV <br />The Association shall indemnify any Director, <br />employee or agent who was or is a party, or is threate~ <br />made a party, to any threatened, pending or completed act <br />or proceeding, whether civil, criminal, administr~ <br />investigative (other than an action by the Association) <br />of the fact that he is or was a Director, officer, em~ <br />agent of the Association or is or was serving at the reque <br />Association as a Director, officer, employee or agent o <br />corporation, partnership, joint adventures, trust ~ <br />enterprise, against expenses (including attorneys' <br />judgments, fines and amounts paid in settlement actL <br />reasonably incurred by said person in connection with s <br />action or proceeding, if he acted in good faith and in a <br />reasonably believed to be in, or not opposed to, the best <br />;h records <br />.lable for <br />~ekdays. <br />.1 prepare <br />~ipts and <br />ncome and <br />~n of the <br />shall be <br />dures and <br />(90) days <br />r may, at <br />ie of the <br />cause an <br />~f State, <br />~ns of the <br />, and to <br />In case <br />s of said <br />~e of any <br />=ion, the <br />officer, <br />ied to be <br />ion, suit <br />~tive or <br />~y reason <br />~loyee or <br />~t of the <br />_ another <br />~r other <br />fees) , <br />ally and <br />zch suit, <br />nanner he <br />interest <br />~ BYLAWS OF COURTHOUSE SQUARE CONDOMINIUM <br />PAGE - 21 <br />