HomeMy WebLinkAbout1006 Section 5. Recall: Directors nay be recalled.acf~t removed
from office with or without cause by the vote or agreement in
writing by a majority of all voting members. A special meeting of
the voting members to recall a Director or Directors may be called
by ten percent (lOb) of the voting members giviny notice of the
meeting as required in Article VI of these By-Laws, and the notice
shall state the purpose of the meeting.
Section 6. First Board of Directors: The first Board of
Directors designated in the Articles of Incorporation shall hold
office and exercise all the power of the Board of Directors until
the first membership meeting, anything herein to the contrary
notwithstanding; provided, any or all of said directors shall be
subject to replacement by the Developer or, in the event of
resignation or death, as above provided.
Section 7. Compensation: Neither directors nor officers
shall receive compensation for their services as such.
Section 8. Meetings:
(a) The first meeting of each Board of Directors newly
elected by the voting members shall be held
immediately upon adjournment of the meeting at
which they were elected, provided a quorum shall
• then be present, or as soon thereafter as may be
practicable.- The annual meetiny of the Board of
Directors shall be held at the same place as the
voting members' annual meeting, and immediately
after the adjournment of same;
(b) Special meetings shall be held whenever called by
the President or a majority of the Board of
Directors. she Secretary shall give notice of each
special meeting either personally, by mail or •
telegram to each director at least three (3) days
before the date of such meeting, but the directors
may waive notice of the calling of the meeting;
(c) !•leetings of the Board of Directors shall be open to
all unit owners. Adequate notice of all meetings
of the Board of Directors shall be posted
conspicuously on the condominium property at least
forty-eight (48) hours in advance, except in an
emergency;
(d) A majority of the Board of Directors small be
necessary and surficient at all meetings to
constitute a quorum for the transaction of
business, and the act of a majority present at any
meeting at which there is a quorum shall be the act
of the Board of Directors. If a quorum shall not
be present at the meetiny, the Directors then
present may adjourn tt~e meeting without notice,
other than announcement at the meeting, until a
quorum shall be present._
Section 9. Order of Business: The order of business at all
iii=='t iii:~:~ Of tti~ vilri:^..F. ::1Ct?Ctors Si2311 b~ 3c i7110i1S:
1. Roll call anJ quorum i3eterr~ination;
2. C:eadiny or ,ninutes of last r.'~ce~iny;
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