HomeMy WebLinkAbout2242 xII2.
'!'!i~ osisiaal sy•Lar• o~ thi Cosporation sh~il b• a~opt~d b~
a.a1oritr voc• of th~ eewb~r~ of the CorporatioA ps~s~nt at a
m~~tina ot M~~b~rs ~t which ••ajority of th~ ?ie~bership is pr~s~nt
and ther~aft~Y. such Ay•L4ws may b~ •lt~red or rescinded onlr in
such ~~nner as said By-Laws sar provide.
XIY.
B~~rr Dirsctor and ~very Of~ic~r of tbe Corporation shall b•
iAd~niff~d br th~ Corpotation against all •xp~ns~s ~nd liabiliti~a
iacludint Counsel fees. reasonablY incurred by or i~posed upon hi~
in connection rit~ any pioceeding to which he ~ar b• a party~ or 1A
Mhich he ~ar becoM involred, by reasos of ~is beinr or ha~ing b~~o
a D~rector or Officer of the Corpozation. xhsth~r or not he is a
Director os Ofiicer at the ti~s such expenses ase lncurred, ~xcept
in ~uch cases wherefn the Director or ~fficar is adjud~ed Quiltr
of Milf~l ¦isfessance or ealfeasance i~ the peTforaance o! his
duti~s; pTOrided that, in the event of ~nr claie for reimbursesent
or ind~mnificstion hereunder based upon a ~ettlement br the Dir~etos
or OffiteZ s~ekin~ such reimburse~ent or inderaaificatioa, the ind~~si-
. _ . . .
~ Z1C~L1011 nerein stfgll ~flly sppir ~z znc avacv v= a•a-cia.i,vss spj~i'visi
such settle~ent and reia;bursement a: beint in the best inteTests o!
t6~ Corporation. The foregoing right of indemnifieation sha12 b•
!a addition to and not exclusive of all ot~~t rights to Mhieh suel?
Direetor uY Offfcer r~ay be entit2ed.
XV . ~
An A~ead'ont or Am~ndmeats to thes• Articles~ of Incorporation
e~ar be proposed by the Board of ~irectors of the Corporation actins
upon a ~ote of the sa~oritr-of the ~frector~. or br the ~e~bers of
t2?~ Corporatlon owr.3ng a a?aioritr of the PRIVATE DKELLINGS in the
COI~tD~lINIUM. xhethsr meetiaQ as ~e~bers or br iaststnaent in ~rritin~
si~a~d bY thep. Upon ar.y J4nendment or 11a~~adwonts to th~se Articles
of Iacorporatioa beinQ propo:td bp ssid Board of D~r~cto:s or '
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SPIELVOOBL. C30LDMAN AND CAttUSO, P. A. • ATTORNEYS AT LAW - MERKITT iSLAND, FLORiDA
. .LL
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