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HomeMy WebLinkAbout2633 sh'ali be construed `to p'r~h.ibit the employment of any Memher, Officer or Director of the Association in any capacity whatsoever: 7. To exercise for-the Association all powers, duties and authority vested in or delegated. to the Association, except -those reserved to Members in the Declaration of Covenants, Restrictions and Easemec~ts for Tarpon Bay Villas or the. Articles of Incorporation of the Association. - • - y - ARTICLE= V-II - OFFICERS- - - A. Elective Officers. The principal elective officers of the Association shall be a President, Yice-President, - - - Secretary A Treasurer and s;:ch other officers as shall be _ _ e-lected by the Board-of Directors at the annual-meeting of - the Board of Directors. Any person may. hold two or more offices except that the President may not also be Secretary or - Ass-istant Secretary. The President and Bice-President-shall - be elected from the members-of-the Board of Directors. 6. Election,~Term and Compensation. All officers i of the Association shall be_ elected annually by the Board of - ~ Directors at its meeting held immediately after the annual i _ - f meeting of the Association and sha l hold office far -the term ~ of one (1)-year or-until their successors have been duly ~ - - elected and qualified. The-Board may-appoint such other- - officers as at shall deem necessary who sha~il- have such 3utho- _ - rity and perform such duties as from time to time shall-be - prescri-bed by the Board. No compensation will be paid to - officers of the Association. - C. Vacancies. A vacancy in any- office may be .filled by the~Board of Directors for the unexpired term. - 0. Removal of Officers. The Board of Direct~:s may remove any- offs cer by a ma jori ty• vote at any time with- or without cause. If an officer i s= removed by -the tiaard, such removal shall be without prejudice to the contract rights., if - any, of the officer so removed.- . ~ - -~~2~' - -6-