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ue incurred, axcept in such cases Mherein the director or of~icer
i• adjudqed quilty o! Willfui ~ie~easance or malteasance in the ~
perforaance o~ his dutiess provided that in the event of a settlc~a~ent ~
the inde~anification herein shall apply only when the board of direc-
tors appzov~as such settlement and reimbursenent as beinq for the
best intereats of t!?e 1?ssociation. T2?e foreqoinq riqht of indemnifi-
cation shall be in addition to and not exclusive of all other rfqhts
to which such director or officer may be entitled. }
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~~ZC~ <~IZZ
BYLAWS
The first BylaWS of the Association shell be adonted rv thp
board of directore, and mav he altered, amended or rescinded in
the manner provided by the Bylava.
~ E
~ ARTICLE IX ~
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4
~ u~lENa"IFNT.S :
d ~
~
~lmsndments to the 1?rticles of incorporation sha]1 he pronosed
and adopted in the tollawinq manner: ~
i
E
l. tiotice of the sub ject matter of a prorosecl aaiendnent
~ f
ahall be included in the notice of any ~etinc at which a nrc~+osed ~
?
~ amendment is considered. {
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~ 2. A reso2ution approvinq a oroposed ar+endr~nt nay he pzo- ;
~
~ poaed by either the board of directors or hy the r+ee~bezs of the
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~ ~ooK218 ~~2838
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~189 ~ 1993 :
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