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(3) If the ~t has rqt been apprca~r~ed by the unanin~ous wte of
the Boarci, th~n the An~me~t shall be appY~oiv~ec~ tn? the affianative wte of the
Vatinq Ms~e,rs castin~g n~t less than seventy~-five peroes~t of t2~e total wtes of
the Owryers; and .
(4) Said Am~t shall be reoai~ed and vertified as required bY
the Ooc~daminiun Act. ~ese By-Laws may not be a~rrc3ed witl~out a p~iar resolu-
tion requestiix~ said ~it frcm tY~e Board.
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ARTICZE X. N~ICES
i~at~ver r~otioes are required to be sent her~u~der shall be delivered
ar sent in aooardanoe with the applicable provisio~s fos notioes, as set forth ~
in tl~e Declarati~ to which these IIy-Iaws are attac~yed. .
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ARTIC 7~ . Il~ID~IIl''ICATICN
The Qo~poration shall indsani.fy every Direcbor and every Offioer, his
heirs, executors, ac~ministrators, aqainst all loss, o~st aurrd ex~enses reasoaably
f incurred by him in ooc~ectian with any action, suit or p~+ooeedinq to which he
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~ may be ma~cl~e a party. by re~on of his being or havi~g }~een a Direcbor ar Offi
i oer of the C~orporati,on, includinq oa~u~el fees t~ be app~~v~ed by the
(7o~po~atian, ex~oept as to mattrers where,in he shall be -finally adjtx~ed in sach
a~ctiori,. suit or pmooeedinq to be liable for or guilty of gross negligenoe or
willful misoonduct. The forec~ing rights shall be in additioci to and not
eaoclusive of all other rights to v~ich such Direcbo~r ar Offioer may be entitled.
ARTICS~E XII. I.T1~IBII+I'I'Y SI1ItV1VES ~IATICN 0[a
The t~enninatian of m~anbership in the ~aniniun shall n~ot relieve
ar release any surch fosmer Own~r o~ nranber from any l.iab~ility o~ obligations
incurred under or in am way aoau~ected with the Oo~xiominiun durinq the period
of such o~anershi.p and m~nbershiP. o~' impait' anY rights of ranedies w~ich the
Assaciatian may have against ax3z fa~mer Owner a~d aianber arisinq vut of or ir?
- any rights of raneciies which the Associ.atioa~ may have against such fa~mer O~vner ~
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;~K~01 ~1453 ?
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