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-
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i fied ~y the A~sociation against a12 r~psns:s and liabi?ities, in~ludinb co::n-
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` sel :ees, reas~r.ably incurred by or imposed u~on him in con.~ection wii:~ a.:y
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~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
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~ ir.demnification shall apply on13 ~vhen the board of directors approvca ~::c i
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~ se~tlerr:ent and reimbursement as beia8 for t::e best ir:tere~ts o: .hz :~s~o-
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~ cia:ian. Tc?a foreooing right of indemnificatio:~ sha2i be ir~ adciti~n to a.^.c:
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