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HomeMy WebLinkAbout1708 / _ . ~ . ~ , Developer elects to termi~ate its cont~ol of the Con- dominium~ whichever shall fi~st oc'cur, there shall be ~o business -meeting of inembers of t~e Association un- less the~e is a meeting called by the fi~st Board of Directors of the Associatio~. Section 9. Approval o~ disapp~oval.of a unit owner upon any matter, whethe~ or not the subject of an Association meeting, shall be by the "voting member"; provided, however, where a unit is owned joi~tly by a husband and wife and they h~ave not designated one of . them as a voting member, their ~oint app~oval or dis- approval shall be required where they are both present, or in the event only one is present, the person present may cast the vote without establishing the concurrence of the absent person. ARTICLE Ili. DIRECTORS Section 1. The Board of Directors shall consist of three members during the first corporation year a~d ~ine members.thereafter. At the first corporate meet- - ing all nine directors shatl be elected, three fo~ terms of one year, three of two-year terms, and three for three- year terms. Thereafter, at each annual meeting of the membership, the directorships of those whose terms have expired shall be elected from the voting members for a period of three years; it being the intent that there shall be three directors elected at each annual member- ship meeting for a period of three years. Each memaer of the Board of Di rectors , other than the i ~ i t i al Board, shall bs either the owner of a Condominium unit or a~ owner of an interest therein. Setti•on 2. Fi rst Board of Di rectors ; (a) The fi rst Board of Di rectors , who shal 1 ~ serve until their successars have bEen eiected and qual- ~ ified (See Articie 11, Se~ction 8), shall consist of the ~ following:~ ~ ; HA2EN KRE1S ROBERT A~. Epperson HENRY T. OGLE (b) The organizational meeting of a newly elected Board of Directors shall be held within ten (ld) days of their election at such place and time as shali be fixed ~ by the Directors at-the meeting at which they were elected and no further notice of the organizational meet+ng shall ~ be necessary providing a quorum shall be present. ~ r Section 3. Removal of Directors. At any time after ~ the first meeting of the membership, any one or more of ~ ~ the Directors may be removed with or without cause by the ~ affirmative vote of the voting members cast+ng not less ~ than two-thirds of the total votes present at said meeting, ~ ~ ~ ~ ~ ~ ~ 26 ~ l~~~c»i ! ~ ~ ~ : . ; ti , _ - - ~ ~ ~ z ~.,.~n ~ _ . ; ~ : . ~r _ .