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HomeMy WebLinkAbout2738 • ~ - (i) Unfinished business New business (k) Adjournment ARTICLE III Board of Directors 3.1 The affairs of the Association shall be managed by a board of not less than one (1) nor more than five (5) directors, the exact number to be determined at the time of the election. 3.2 Election of directors shall be conducted in the following manner: (a) Election of directors shall be held at the annual meeting of members. (b) A nominating committee of five (5) members shall be appointed by the Board of Directors not less than thirty (30) days prior to the annual members' meeting. The committee shall nominate one person for each director then serving. Nominations for additional directorships created at the meeting shall be made from the floor, and other nominations may be made from the floor. (c) The election shall be by ballot (unless dispensed with by unanimous consent) and by a plurality of the votes cast, each person voting being entitled to cast his votes for each of as many nominees as there are vacancies to be filled. There shall be no cumulative voting. (d) Except as to vacancies provided by removal of directors by members, vacancies in the Board of Directors occurring between annual meetings of members shall be filled by the remaining directors. (e) Any director may be removed by concurrence of two-thirds of the votes of the entire membership at a special meeting of the members called for that purpose. I The vacancy in the Board of Directors so created shall be f illed by the members of the Association at the same meeting. 3.3 The term of each director's service .shall extend until the next annual meeting of the members and subsequently until his successor is duly elected and qualified or until he ~ is removed in the manner elsewhere provided. 3.4 The organization meeting of a newly-elected Board of Directors shall be held within ten (10) days of its election at such place and time as shall be fixed by the Directors at the meeting at which they were elected, and no further notice of the organization meeting shall be necessary. s 3.5 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. ' - 3 - BOOK c~?~ P~GE~ 1 JlJ i 1