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Dear Condofax: We would like to change our banking arrangements. I haven‘t been able to find anything in our declaration or the Condominium Act regarding this. Would we have any problem if we changed our bank? Dear Curious: As far as I can see you shouldn‘t have any problems about changing your bankâ€" ing arrangements. I commend your conâ€" cern that the members of the Board are being prudent and do not want to find themselves in a vulnerable position, if they should make this change. Board‘s financial responsibility $259,900. Beautiful mature lot, over */; acre. Build or renovate 3â€"bedroom bungalow. Close to Appleby College. $359,900. Bristol Landing freehold soutt Marine. Featuring 3 bdrms., 2 garages. family rm., lovely Laloony. $499,000. Cus family home c shops, schools. seod dod BUPS morle Snd main floor barmierâ€"free addition shops, schools, lake. $339,000. _ Most impeccable raised bungalow, 5 bdrms., fireplace, ingrd. pool, computerized, very private terraced gdn. BEV ELLIS* 844606 1/825â€"1441 BEV ELLIS* 844606 1/825â€"1441 BEV ELLIS* 844â€"6061/825â€"1441 COUNTRY LOT IN TOWN SUSAN FLYNN* 8446061 EDNA KING* 844â€"6061 Rent av tomâ€"built LD & . t ~4€" ..-" :‘. '» --â€".; d locatio ied urious uts Fp of this office Rhonestly But what is in good faith has not been made clear In an article in a previous issue of the Condo News, Timothy Bullock of the firm of Simpson Wigle pointed out, "Under the Condominium Act, a condoâ€" minium corporation has a number of duties. These duties become the duties of the directors by virtue of Section 15, subâ€" section 1. This provides that the affairs of the Corporation are to be managed by the Board of Directors. The standard of care required by every director is set out in Section 24 (1) "Every director shall exerâ€" cise the powers and discharge the duties from estate. Take a look inside at the FOR APPOINTMENT TO VIEW CA $198,900. This 3â€"bdrm.. private garden. Recent dex $298.000.‘ Fabulous brievel with 3 walk outs to super large ravine lot with pool. Eat in kitchern w/o to covered deck. «NEYW JB NNG erj new ?E]i 4 @W k HOME OF THE WEEK JANE LUMBERS* 8446061 ANN SINGLEHURST* 844â€"6061 FORD O‘BRIEN* 844â€"6061 EDNA KING* 844â€"6061 meant by acting honestly and tull Dathy poV and in good faith e weil treed WNTOWN Ot Opposit The levels of responsibility required of directors of businesses has been deterâ€" mined, but that of nonâ€"profit or charitable corporations have been arrived at through the decision of Romar J. in the Re City Equitable Fire Insurance Company case. It was stated then that such directors need not exhibit in the performance of duties a greater skill than may reasonably be expected from a person of his knowlâ€" edge and skill. give continuous attention to the affairs of $147,900. Freehold townhouse near schools & Sheridan. Finished basement. Good investment. 227,000. Minute chools. 3 bdrms. replace and 2 bath [ o ga00 o W VIHUU . . T 0000 §00 FR 00 500 That such directors are not bound to BILL HUMPHREYS** 844â€"6061 FORD O‘BRIEN®* 844â€"6061 | _| PHYLLIS NICHOLSON* 844â€"6061 44 WALES CRESCENT Ba ame iooummrenemee c omaen en en . o cecmnnamne mm plan your new nome, pro baths O to shops and fabulous rec. rm., Just immaculate. tor the r ght rer ies » e sc cermenne t npelio e PTaF e BC HL Pn t sc y rerr ced ons ce yeat $298,000. Home features a new white Beckerman kit. openingeto mn. fir. fam. rm., sep. LR/DR, 3 + 2 bedrooms. VERY SPECIAL $247,900. Beautifully renovated 2 bedroom bungalow on 1/3 acre ']:‘USt south _ of _ Hwy. 5. _ Detached garage/workshop, 24‘x30‘ ideal for self employed tradesperson.: the company. Their duties are intermitâ€" tent and only require periodic board meetings, nor are they bound to attend all such meetings, although they ought to attend whenever in the circumstances they are reasonably able to do so." The Act requires directors to act honâ€" estly and in good faith. In other words, they must perform their duties in the best interests of the condominium even The unit owners have the right to expect that Board of Directors will be loyal to the corporation and will only (See "Residents" Page RE 10) E LQ!(EFRONT MQE&E%J’(!X mo. Cape Cod, spac ious rooms, master "retreat" has fire place, family rm. + den. Stunning views. though for this LOCATION! LOCATION! $319,900. Vacant residential lot 111‘x200‘. Terrific South/East location â€" New height limitation does not apply. w > Te F.â€"% RAig~ t " 4*z3 / ~Ar M ces * f. &4 xX t l 45 fiyy * d a 4 * Mn i * id . th % ‘ C ‘* w #" ’,' 3 mei whi> s( mat/ / ~~ ’:‘ a & & x § ;é \ w. s - Ts sÂ¥ c imi‘ct n B _ ANN SINGLEHURST*BRENDA NEWELL 8445061 BILL HUMPHREYS** 844â€"6061 BRENDA NEWELL* 844â€"6061 IN THE HEART OF TOWN MO CONNELLY* 844â€"6061 Section 24 makes no provision Well renovated and loaded If you like antiques this house is a must to see. T 0 tm D