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(d) Reports of officers. ~
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(e ) Re
ports of co»unittees.
(f) Appointment of inspectors of election. •
(g) Election of directars,
~ (h) Unf'inished businesa.
(1) New business.
Ad~ournment. ,
2.9 Proviso. Provided, however, that until the Developer
has completed all of the contemplated irr~rovements and closed
the sales of all of the condominium units, or until one (1)
year f'rom the date the Declaration of Condominium is recorded,
or until the Developer elects to terminate his control of the
Condominium whichever shall first occur, the proceedings of
all meetings oi' members of the Association shall have no effect
unless approved by the Board of Directors.
3. Directors,
3.1 Membership. The affairs of
the Association shall be
managed by a Board oP Directors who sha.ll be members of the
Association, excepting that the first Board of Directors shall
consist of three (3} dir~ctors who need not be members of the
Association, and thereafter the membership of the Boa~ shall
consist of not less than five (5) directors. The Board of
Directors may i'rom time to time increase~or decrease the number
of persons to serve on the Board, provid ed, however, that the
Board shall cansist 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 Iess than five
(5) members. Any increase or decrease in the number of inembers
on the Poard shall be effectuated at least thirty (30) days prior
to a regular annual election of the Board, arxl such change 3n
nu.*nber shall be effective as of the da'ce of the next regular
election.
~ 3.2 Llection of nirectors shall be conduc~ed in the ~'o~-
lowfn~ ma~nner:
(a) r lectl.on of pi rector.~ shalY hc held
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