HomeMy WebLinkAbout2260 .:.e~bers at said annual meeting, and said directors shall serve
~:.~ii the nzxt annual meeting or until their successors are du~y
~~~c~ed and qualified, or until they are removed in the manner
a:sawnera ~rovided.
Section 3. In the event of a vacancy occurring in the•board
o: directors for any reason whatsoever, prior to the first annual
.;,~~ting oi the members, the remaining directors shall elect a person
c~ ~ega~ age to se~~~ a~ a directar fo~ t~e u~gxpired ~or~io~ of
~:.a ~ar•n of the former director. xn the event of a vacancy occurring
ia tae board of directors for any reason whatsoever after the rirst
u:~::sal meeting of tr.e manbers, the renaining directors shall elect
o:a of the me:n`~ers to serve as a• director for the unexpired portion
o~ ~ne term o: the former director.
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SeCt10T~ 4. t~=~er zc~~ ~~La~ a,.:.:.~.~ s
cirector may be rer.loved from office with or without cause by ~ne
vote of a majority of all candominium parcel owriers at any regular
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I or special meeting duly called. At said meeting a successor nay
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: t:ien and there be elected to fill the vacancy thus createn. A.~y
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director whose removal has been proposed by the members shall Ae ~
given an opportunity to be heard at the meeting. s
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Section 5. ~To co:~pensation shall be paid to directors ~or , }
t:zeir service as directors, Compensation may be paid to a director
i:. his or her capacity as an officer or employee or for other
~~rvices renderea to the corporation outside of his or her duties
~ as a director. In this case, however, said compensation must be
irt •
d;i
~ ~:~roved in advance by the board of directors and the director ~o
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receive sa:d compensation shall not be permitted to vote on said
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BOOK ~ PACE
- LAW OFFICES eART L. COHEN, CITY NATIONAL BANK BUILOINd, MIAM1~ FLORIOA
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