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r mwmm <br />d) The Trea*;urer s^iall receive and promptly deposit in financial <br />institutions to be desigriated by the Board of Directors all moneys <br />whicli shall be paid to the Corporation. He shall keep full and <br />accurate accounting of all moneys received and disbursed and shall <br />pay such bills and make such disbursements as are authorized by <br />Board of Directors. <br />■mi • *i <br />ARTICLE VII <br />In the event George A. Jackson shall be unable to unwilling to <br />perform the functions of an architectural control corrimittee as <br />set forth in said Declarations, the Board shall appoint an arch­ <br />itectural control committee to fulfill said functions. <br />ARTICLE VIII <br />ASSESSMENTS <br />As more fully provided in said Declarations, each Member is <br />obligated to pay to the Association annual and special assessments <br />which are secured by a continuing lien upon the property against <br />which the assessment is made. Any assessments not paid within <br />thirty days after the due date shall bear interest at the rate of <br />eight percent per annum and the Association may bring an action at <br />law against the owner personally obligated to pay the same or <br />foreclose the lien against the property and interests, costs and <br />reasonable attorneys' fees of any such action shall be added to the <br />an^ount of such assessment. Liability for any such assessment shall <br />not depend upon the y.i\e or non-use of any lot. <br />- 5 -