HomeMy WebLinkAbout0214 willful misfeasance in the performance of his duties; provided
that in the event of a settlement the indemnification shall s
apply only when the Board of Directors approve such settlement
and reimbursement as being for the best interests of the '
Association. The foregoing right of indemnification shall
be in addition to and not exclusive of all other rights to
which such director or officer may be entitled.
! ARTICLE EIGHT
i~ B laws
i
I` 8.1 Bylaws. The Bylaws of the Association shall
be ado ted b the me ~
p y tubers and my be altered, amended or i
rescinded in the manner provided by the Bylaws.
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ARTICLE NINE
Amendments
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t~
i~ 9.1 Amendments. Artendrtents to the Articles of
Incorporation shall be proposed and adopted in the following
I
manner:
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li (a) Notice of the subject matter of a pro osed
P
amendment shall be included in the notice of any i
I
meeting at which a proposed amendment is considered.
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f
R s (b) A resolution for the adoption of a
proposed amendr.?ent may be proposed either by the
a
Board of Directors or by the members of the Association.
' Such approvals must be by not less than 75$ of the
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entire membership of the Board of Directors and by
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~ not less than 75$ of the votes of the entire !
'i
membership; or by not less than 80$ of the votes
of the entire membership of the Association.
I~ Directors and members not present in person or by I
proxy at the meeting considering the amendment may
ex ress their a
f P pproval in writing, providing such
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