HomeMy WebLinkAbout1204 ~
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p~rty oe~ in v'hioh h~ may b~aan~ imrolv~ by rwoa oi hi•
t
b~inq var haviuq b~~n a dir~ot~oac oa~ o!lio~s o! th~ Aa~ooiatio~, ~
vb~thar or not h~. ia a dir~toac oac o!lia~ar at th~ tis~ ~ucb `
~xp~u~aa as~ 1AOUrr~d~ prcvidsd. har~v~c. ~uch offic~r oc
dir~at,oac ~ball not b~ ind~itiod i! eua3~ ~xp~nss~ +~nd
liabiliti~• ar• iacurr~ed aa a r~suit o! hie ~ril~lul a?is- :
i
leaaano~ oac malt~aa~ce iA tbe pertorma~ca ot bi• dut.iai,
and tur~hor pacavided that in the ev~nt of •~ttlawent suoh
indemaitioal.~oa ahall apply only nhsu th~ Hoard o! Diroetars
o! th~ Ae~ooiation ap~ravos such s~ttl~sm~nt and ind~niliaation
as b~ing !os ths be?st intsacest o! the As~ociation. 7'h~ lors- ~
~
qoinq riqht a~ indemni~ivatio~n shall bs .in additior t~o m~ _
not ex~clusiva of all oth•r riqhts to ~hich such dirsctar
or officer shall be entitlsd.
A[~?ICLB BZ : Al~BNDME~i'1'8 ~
7~en~s~at,~ to tha• ~stial.e~ ot It~corpoaca?ticaa shall
be pacopos~d and ad~opt~d in the lollaving ~ana~r :
~ l?. ~totio~ o! ths subi~ot aratt~r o! a pcopw~d ~
t
a~~nt ~hall br in~alutl~d ia t3u notio~ o! any swtinq
i
~ at ~hioh a psapos~d assn~snt i~ to b~ aon~id~r~d.
~
~ s. 1~ r~solution !or th~ a+doption o! a p~apos~d
ams~at msy b~ propos~d ~ith~r by tb~ Bosrd o! Directrors
oac by th~ aem~b~rs o! t~~ As~oaiatioa. oir~ato~s aad m~ebsrs
not pse~~nt in p~rso~ oac bY Pz~Y at !h~ ~ting oon~i~ciag <
~
th~ amen8m~at aay oxpaca• th~1r aypraval in a~citiaq. P~o-
vided suah appra~val is dsliv~r~d to tt~e 3~oretary at oac ~
pacioa~ to the mNti~g. ~doptior o! the pacopo~~d aman~e~at
E
f
~ ~hall be a~ lOlloMSi
~ i. By not l~~s than t~+o-thirda ~Z/3s) o! the
~
entir~ ~ab~sanip o! th• Board o! Dir~ctorr .
aad by not l~s• than fitty-v~ puca~nt t~lt)
.
-S-
600K~~
N[ILL ORI/rIN JEFFRI[d i LLOYD
CMARTEN[D
~ P. O. OOx 1270, ~0/1T N[11CE, fLOR1DA 33~60 -?EL[PMON[ (30S) 464'k00 ~
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