HomeMy WebLinkAbout2057 (d) Excepfi as fio vacancies created by removal of
directors by members, vacancies in the Board of Directors occurring
bet~ueen annual meetings of inem}~ers shall be filled by the remaining
directors.
(e) Any director may be removed by concurrence of
two_thirds of the votes of the entire meml~ership at a special meeting
of the members called for the purpose. The vacancy in the Board of
Directors so created shall be filled by the members of the Association
at the same meeting.
(f) Provided, however, that until the Developerrhas
closed the sales of all of tlle condominium units, or until the
Developer elects to terminate its control of the Association, or until
the first annual members' meeting taking place after the Declaration
nf Cnndnmini«m has been reeerded fQr or.e (1) year, whichevcr oc:.urs
first, the first Directors of the Association shall serve, and in fihe
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event of vacancies, the remaining directors shall fill the vacancies,
and if there are no remaining directors, the vacancies shall be filled
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~ by the Developer.
j 3.3 The term of each director's service, subject to the
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R provisions of 3.2(~ above, shall extend until the next annual meeting
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~ of the members and subsequently until his successor is duly elected
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; and qualified or until he is removed in the manner elsewhere provided.
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~ 3. The organization meeting of a ne~vly-elected Board of
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~ Directors shall be held within ten (10) days of their election at such
~ place and time as shall be fixed by the Directors at the meeting at ;
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~ which they were elected, and no further notice of the organization
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' meQting shall be necessary. I
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~ 3.5 Regular meetings of the Board of Directors may be held
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at such time and place as shall be deteMnined, from time to time, by
~ . a majority of the directors. Notice of regular meetings shall be
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given to each director, personally or by mail, telephone or telegraph, ~
w at least three (3) days prior to the day named for su~ meeting. ~
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- 3.6 Special meetings of the directors may be called by the
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C
Y; President and must be called by the Secretary at the written request
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of one_third of the directors. Not less than three (3) days noticP
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of the meeting shall be given personally or by mail, telephone or
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