The code of regulations shall provide for at least the following and may include other lawful provisions:

1. (1) Identification of the property by reference to the place of record of the declaration and the declaration plan;
2. (2) The method of calling meetings of unit owners and meetings of the council;
3. (3) The number of unit owners and the number of members of council which shall constitute a quorum for the transaction of business;
4. (4) The number and qualification of members of council, the duration of the term of such members, and the method of filling vacancies;
5. (5) The annual election by the council of a president, secretary and treasurer and any other officers which the code of regulations may specify;
6. (6) The duties of each officer, the compensation and removal of officers and the method of filling vacancies;
7. (7) Maintenance, repair and replacement of the common elements and payment of the cost thereof;
8. (8) The manner of collecting common expenses from unit owners; and
9. (9) The method of adopting and amending rules governing the details of the use and operation of the property and the use of the common elements.

25 Del. C. 1953, § 2208; 54 Del. Laws, c. 282.