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HomeMy WebLinkAbout1929 • d. Reading and disposal of any unapproved minutes e. Reports of officers f. Reports of committees g. Election of Directors h. Unfinished business i. New business i j. Adjournment 2.9 Proviso. Provided, however, that until the Developer has complete~ a~l of the contemplated improvements and has ; closed the sales of all of the apartment units of all three } condominiums, denominated Island House Condomi.niums, Phase I, ~ Phase ZI, and Phase III, to be established by it upon said lanS or unti.~.__it elects to terminate its control of the association, or until June 30, 1977, whichever first occurs, the proceedings of all meetings of inembers of the Association will have no effect unless approved by vote of the Board of Directors. 3. DIRECTORS - 3.1 Membershi . The affairs of the Association will be ` managed by a~oa~ not less than three (3) nor more than nine (9) directors, the exact number to be determined at the time of election. 3.2 Election of Directors will be conducted in the following manner: a. Election of directors will be held at the annual members' meetings. b. A nominating committee of five (5) members ! will be appointed by the Board of Directors not less than ~ fifteen (15) days prior to the annual members' meeting. The E committee will nominate one (1) person for each director then serving. Nominations for additional directorships created at ~ the meeting will be made from the floor, and other nominations ~ may be made from the floor. c. The election will be by ballot (unless dis- pensed by unanimous consent) and by a plurality of the votes cast, each person voting being entitled to cast his votes for each of as many nominees as there are vacancies to be filled. There will be no cumulative voting. , i d. Except as to vacancies provided by removal of directors by members, vacancies in the Board of Directors occurring between annual meetings of inembers will be filled by the remaining directors. ~ ~ e. Any director may be removed by concurrence ~ of two-thirds (2/3) of the votes of the entire membership at ~ a special meeting of the members called for that purpose. The ~ vacancy in the Board of Directors so created will be filled by ~ the members of the Association at the same meeting. ' ~ ~ f. Provided, however, that until the Developer ~ ~ has completed all of the contemplated improvements and has ~ closed the sales of all of the apartment units (anticipated to ~ ~ - 3- . FEE. PARKER & FEE. P.A. 6Q~K2~4 pa~~~,9~Q ~ ATTORNEVS AT LAW ' s r,~.c~ POST OFFIGE BOX 1000 FORT PIERCE. FLORIOA 33450 5=` ~ - _ s ~ - - " '~~'a ~ : _ .