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Any Admiriistra~or ma is u lification nd Fesi tion of r' ector ce ~f such
resiqnation to the office of the Association delivered to the S~cretary. Unless
otherwise specified therein, such resiqnation shall take effect upon receipt
thereof by the Secreta.ry. Commencing with the organizational meeting of a
newly elected P~ard of Administration f~Ilowing the first annual meeting of _
the members of the Association, more than three (3) consecutive absences
from regular meetings of the ~ard of Administration, unless excused by
resolution of the I~ard of Administration, shall automati~ally constitute a
resignation effective when such resiqnation is accepted by the ~oarci of ~
Administra,tion. Commencing with the Administrators elected at such first
annual meeting of the membership, the transfer of title of his parcel or
~ Interval Cwnership by an Administrator shall automatically constitute a
resignation, effective when sucl~ resignation is accepted by the Poard of
Administration. No member shall continue to serve on the F~ard shonld he
be more~ th3n thirty (30) days delinquent in the payment of an assessment
where the same are required by the reclaration, and said delinquency shall
automatically constitute a resignation, effective when such resignati~n is -
- accepted by the Eoard of Administration:
- Section 7. Requl3r Meetings. The £-Qard of Admini~tration may
establish a schedule of regular meetinqs to be held at such time and place a~
the L~oard of Administration may designate. Notice of su~h regular meetinqs
shall nevertheless, be given to each Administrator by certified mail, or
telegraph at least five (5) ~ys prior to the day named for such meeting.
Section 8. Special Meetings. Special meetings of the Eoard of
Administration may be called by the Pre~?dent, and in his absence, by the
Vice-President, or by a majority of the members of the Poard of Admini-
stra.tion, by giving five (5) days_ noti~e in writing to all of the members of
the ~oard of Administration of the time and place of said meetinq. All
notices of special meetings shall sta.te the purpose of the meeting.
Se^tion 9, All meetinqs of the Fo3rd shall be open to all unit
t owners and notice of such meetings shall be conspicuously posted upon t-he
; conciominium property at least forty-eiqht (48) hours prior t~ the meeting.
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~ Section 10. Administrators' V~'aiver of Notice. Pefore or at any
meeting of the Poard of Administration, any Administrator may waive notice
of su~h meeting and such waiver shall be deemed equ ivalent to the giving of
notice. Attendance by an Administrator at any meetinq of the Poard shall be
a waiver of notice by him of the time and place thereof~. If all of the Admin-
istrat~rs are present at any meetir~g of the Foard, no notice (other tha.n that
required in Section 9)_ shall be required and any busiriess may be transacted
at such meeting.
Section 11, uorum. At alI meetings of the L~~ard of Administra-
tion, a maj~rity of the Administra.tors shall constitute a quorum for the .
transaction of business, and the acts of the majority of the Administrators
~ present at such meetings at which a quorum is present, shall be the acts of
~ ~ the Loard of Administration (unle~s a greater vote is required upon a parti-
~ cular matter or subject). In. determining whether a quorum is present,
proxies may be counted as persons present. If at any meeting of the R~ard
of Administration, there is less than a quorum present, the majority of
those present may adj~urn the meeting from time to time until a quorum
(which may include in lieu of presence of an Administra.tor, his v~te in
writinq up~n the matter(s) and/or subject(s) to be considered), is present.
- A t ea.ch such adjo~rned meeting, only such business as might ha.ve been
w. R. scorr tra.nsacted at the meet~nq, as origina.lly ca.lled, may be transacted without
~rroiet~cr wT uw ~rther notice. The joinder of an A dministrator in the action of a meeting by
signinq and concurririg in the Ninutes thereof or his written vote(s). in the
~ hands of the Secreatry upon the subject(s) and matter(s) considered at a ,
meetin shall ..onstitute the resence of su..h Adm' for rpose ~
~ g, P " ~~~fii ~
~ of determining a q;zorum. ~ ~r G/
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