HomeMy WebLinkAbout1924 t
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liabilities including counsel fees, reasonably incurred by or
imposed upon him in connection with any proceeding or any
settlement of any proceecling to which he may be a party or in
which he may become involved by reason of his being or havinq been s
a director or officer of the Association, whether or not he is
a director or officer at_the time such expenses are incurred,
except when the director or officer is adjudged guilty of willful
misfeasance or malfeasance in the performance of his duties.
Provided that in the event of a settlement the indemnification ~
will apply only when the Board of Directors approves such
settlement and reimbursement as being for the best interest of
the Association. The foregoing right of indemnification will be
in addition to and not exclusive of all other rights to which
such director or officer may be entitled.
ARTICLE VIII ?
By- Laws
The first By-Laws of the Association will be adopted
by the Board of Directors and may be altered, amended or
rescinded in the manner provided by said By-Laws.
ARTICLE IX
Amendments +
r
Amendments to these Articles of Incorporation will
be proposed and adopted in the following manner: -
9.1 Notice of the subject matter of a proposed amendment
will be included in the notice of any meeting at whi~h a proposed
amendment is considered. ~
'i 9.2 A resolution for the adoption of a proposed
; amendment may be proposed either by the Board of Directors
~ or by the members of the Association. Directors and members
not present in person or by proxy at the meeting considering
the amendment may express their approval in writing, providing
such approval is delivered to the secretary at or prior to the
meeting. Except as elsewhere provided:
a. Such approvals must be by not less than
75$ of the entire membership of the Board of Directors and
by not less than 75$ of the votes of the entire membership
of the Association; or
b. by not less than 80$ of the votes of the
entire membership of the Association.
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9.3 Provided, however, that no amendment will make any
changes in the qualifications for membership nor the vQting
rights of inembers, without approval in writing by all members
; and the joinder of all record owners of mortgages upon the `
~ condominiums.. No amendment will be made that is in conflict
with the Condominium Act or the Declarations of Condominium. ~
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FEE. PARK[R & FEE. P. A. ~
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PO57 O«ICE AOX 100p '
~ FOirT PIERCE. FLOR~DA 33450
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