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HomeMy WebLinkAbout0127 C. The term of each director's service. subject to the provisions of B. 5. and B. 6. above. shall extend unril the neact annual meeting of the members and subsequently unril his successor is duly elected and qualified or until he is removed in the manner elsewhere provided. D. The organizarion meeting of a newly-elected Board of Directors shall be held with- in ten (10) days of their election at such place and rimes as shall be fixed by the Directors at the meeting at which they were elected, and no further notice of the organization meering shall be necessary. E. Regular meetings of the Board of Directors may be held at such time and place as shall be determined, from time to time, by a majority of the Directors. Notice of regular meetings shall be given to each Director, personally or by~ mail, telephone or telegraph, at least three (3) days prior to the day named for such meeting. Provided that the Board shall ' meet at least three (3) times each year. 1 0 ; F. Special meetings of the Directors may be called by the President and must be called € by the Secretary at the written request of one-third (1/3) of the Directors. Not less than ~ five (5) days notice of the meeting shall be given personally or by mail, telephone or tele- ' graph, which notice shall state the time. place and purpose of the meeting. ~ ~ G. Waiver of notice . Any Director may waive n~t-~ce of a meeting before or after the ~ meeting and such waiver shall be deemed equivalent to the givitig of norice. ~ ~ ~ H. A quorum at Directors' meetings shall consist of tavo-thirds of the enrire Board of z; Directors. The acts approved by two-thirds of those present at a meering at which a quorum ~ is present shall constitute the acts of the Board of Directors, except when approval by a ~ greater number of Directors is required by the Declaration of Condominium, the Articles of Incorporation, or these By-Laws. ~ I. Adjourned meetings. If at any meeting of the Board of Directors there be less than a quorum present. the majority of those present may adjourn the meeting from time to time. No further notice need be given of an adjourned meeting . = J. Joinder in meeting by approval of minutes . Th~ joinder of a Director in the action - of a meeting- by signing and concurring in the minutes of that meering shall constitute the ~=s presence of such Director for the purpose of determining a quorum . K. The presiding officer of Directors' meetings shall be the Chairman of the Board if such an officer has been elected; and if none, the President shall preside. In the absence = of the presiding officer the Directors present shall designate one of their number to preside. L. The order of business at Directors' meetings shall be: 1. Calling of roll. ;;~°3 2. Proof of due norice of ineeting. - ~GGK ~011 PAGE 127 - -5- : ~ _ - - - -~:Y, . , _ _ ~ - - - _ _ . _ _ . _ _ _ .