HomeMy WebLinkAbout1346 . . ; ;
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IIOBBY LORD . • ~
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RA1~D11LL HENDERS0:~1 - ~ ; ~
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CHIIRLES 8. McM~1Ii0~1 . •
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(b) The org~nizational neetinc~ oF a newly elected Board of
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Diractors shall be hQld within ten (10) days of their election ~
at such place and time as shall be fixed by the Directors at the
meeting at which they wera elected and no further notice~of the
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orqanizational meetinq shall be necessary providinq a quorum shall.
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be present. - ~ ~
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Section 2. Removal of Directors At at~y time after the
first annual meetinq of the me~r~bership, at any duly convened .
reqular or special meeting, any onQ or more of the directors may
be renoved with or without cause by the affirmative vote of the~~
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votinq members casting not less than two-thirds of the total ~
_ votes present at said meetinq, and a successor may then and there
' be elected to fill the vacancy thus created. Should the member- ,
ship fail to elect said successor, the Board of Directors may fill~ ~ ~
the vacancy in the manner provided in Section 3 below. s.{~~
' Section 3. Vacancies on Directorate If the office of any
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' Director or Directors becoraes vacar?t by reason of death, resiqna-
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~ tion, retirement, disqualification, rer.tioval from office, or o'.:her-~ ~ ~
wise, a majority of the remaining Directors,~though less than a~
quorum, shall choose a successor or successors, who shall hold
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office for the balance of the wnexpired term in respect to which
such vacancy occurred. The election held for the purpose of
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~ fillinq said vacancy may be held at a~c~y reqular or special meetinq- •
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of the Board of Directors. .
Section 4. Disqualification and Resignation of Directors
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~ Any Director may resiqn at any tiaae by sendinq a written notice.of
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~ such resiqnation to the office of the corporation delivered to the~
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Secretary. Unless otherwise specified thorein, such resiqnation
shall take ef:ect upon recaipt t:.oreof by the Secret~ry. Kore ;
than three (3) consecutive absences from regular meetinqs of the~.
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Board of Directors, wnless excused by resolution ot the Board of: _
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