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HomeMy WebLinkAbout0834 5. 4 The names and a~dresses of the mer.,bErs of the first board of di: ectors who shall no2d offica u:~til their successors ~re elected ar.1 i:ave qu: lifi~d, or untii re:::~v~d, ar:: as fo:lo~vs: 1~n;`S n ddresses George Apostolapau2~s 410 California ~treet, Stuart, Floricia Costa ~postolopoulos o~:+ Bonita St: eet, Stuart, r~lorica Rose Price 841 Ea~~ I4th Street, Stuart, ~'Zo:ida riR ~'iCLE VI. OFFICERS Tne affairs oi the Associ~tion sha22 be administered by ~..h~ o:~iccXS ~ C~sibnated in the By2ativs. The officers s;~all be elected by th~ boarc. o: directors at its first meetin~ followin; th~ a:n~:sl ~c:eeting of the m.e: ::.e: s of tY:e Association and sha3l serve at the pleas;:re of ihz board oi directo: s. T:ie names ~ad addresses of tne of:icers who s: aIl serve until t.yeir succes- sors are desi;nated by the airectors are as foliows: P: esident: George P.postolopoulos, 410 C2lifGI'tiia : Street, Stuart, ~,lorida Secre:ary-Treasurer: l~ose. Price, S4: L~st 14::. Street, Stuart, Florida ' ARTICLE VII. IND~;Di`sII'ICATI4\ Erery director and every of.`icer of tY~.e Ass~ciation sha:I be in~~r.:ru- ~ i fied ~y the A~sociation against a12 r~psns:s and liabi?ities, in~ludinb co::n- I . . ` sel :ees, reas~r.ably incurred by or imposed u~on him in con.~ection wii:~ a.:y ~ - ~rocceding or any set:lement of any proceeding tr~ which he msy be a pa: ty o~ in ~~nich he may become involved by reasoa of his bcir.g or :^.aving been a director or oificer of the Association, w'cethc:r or not he is a director or oi;icer at the time such ebpenses are :ncurred, eacept wh~n the director ~ or of~icer is a~judged gui2ty of ~~illful misfeasance or malfeasance in t~e ~ pcrfor:naace of his duties; prov~.ded tr.at in tne evzr.t of a settle~ e:.i thc ~ ~ ir.demnification shall apply on13 ~vhen the board of directors approvca ~::c i ~ ~ se~tlerr:ent and reimbursement as beia8 for t::e best ir:tere~ts o: .hz :~s~o- ~ K ~ cia:ian. Tc?a foreooing right of indemnificatio:~ sha2i be ir~ adciti~n to a.^.c: ~ - ~ I s ~ DA ~ BG~1(~~11 PJ~E t~ . ~ ~ Gl1RL r. ELI.WANGER ATTORHEY AT f.AW r. O. HOX iB~O i7Y:.R'f. lWR1AA »~p4 ~ : ~ ~ - _ - _ : - - r - - s. _ ~.e ~ . s~ ~.a~", _ _ . . .