HomeMy WebLinkAbout0810 3. Directors. ~ ~
3.1 Members~hi~ . The affairs of the Association sha11 be
managed by a Board-o~ Directors who sha11 be members of the
Association, excepting that the first Board of Directors shall
consist of three (3) directors who need not be members of the
Association, and thereafter the membership of the Board shall
consist of not less than five (5) ~irectors. The Board of
Directars may from time to time increase or decrease the
number of pexsons to serve on the Board, provided, however,
that the Board shall consist of an odd number of inembers, and
provided, further, that following the term of office of the
first Board of Directors, the Board shall-never consist of
less than five (5j members. Any increase or decrease in the
number of inembers on the Board shall be effectuated at least
thirty (30) days prior to a regular annual election of the
Board, and such change in number shall be effective as of the
date o~ the next regular election.
3.2 Election of Directors shaZl be conducted in the
following manner:
(a) Election of Directors shall be held at
the annual members' meeting, subject to the provisions
of sub-paragraph 3.2 (f1 hereof.
(b) The Board of Di.rectors may, at its discretion,
designate a nominating committee of not less than thr~e
(3) nor more than five (5) members. In the event the
Board shall elect to designate such a cominittee, the
committee shall be designated not less than thirty (30)
days prior to the annual election meeting, and shall
be charged with the duty of nominating one person for
- each_director to he electe~,.provided, however, addi--
tional nominations shall be received from the f loor
prior to elections at the annual election meeting.
(c) The election shall be by ballot (unless
dispensed with by unanimous consent) and by a plural-
ity of the votes cast, each person voting being en-
titled to cast his votes for each oF as many nominees
as there are vacancies to be filled. There shall be
no cwnulative voting.
(d) Except as to vacancies created by removal
of directors by members, vacancies in the Board of
Directors occurring between annual meetings of inembers
shall be filled by the remaining directors.
(e) Any director may be removed by concurrencs
of two-thir~3s of the votes of the entire membership at -
a special meeting of the members called for t.hat pur-
pose. The vacancy in the Board of Directors so created
shall be filled by the members of the Association at
the same meeting.
(fj Provided, however, that until the Developer
has closed the sales of all of the condominium units,
or until the Developer elects to terminate its control
of the Association, or until the first annual members'
meeting taking place a£ter the Declaration of Condominium
has been recorded for one (1) full year, whichever occurs
first, the first directors of the Association shall serve,
and in the event of vacancies, the remaining directors
shall fill the vacancies, and if there are no remaining
directors, the vacancies shall be f illed by the Developer.
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60ox p~~ 81~
LAW OFFIGES OF GOLOfTE1N, FRANKLIN, CHON(N A SCHRANK, P. A., 2010 NORTHEAST t63RO STREET, NORTH MfAMI BEACH, FLORIOA 33162
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