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of a majority of the Board at any regularly constituted meetiny
thereof. Upon an amendment being proposed as herein provided,
tiie president or, in the event of his refusal or failure to
act, the Board of Directors, shall call a meeting of the share-
holders to be held not sooner than fifteen (15) days nor later
t.lrari sixty (60) days thereafter for the purpose of considering
5.rid amendment. Directors and members not present in person
~~t the meeting considering the amendment may express their
aE~proval in writing provided such approval is delivered to the
ticcretary at or prior to the meetiny. Except as provided
irc~rein, such approval must Ve by one of the following rcrethods:
I~ (a) 6y not 1 ess than seventy-five (75~. )
:per-cent of the entire meml.~ershih of the Board of Directors
E
~r n:l Vy the holders of not loss than fifty-one (51 percent
of the outstanding stock of the corporation; or
(b) 13y the holders of not. less than seventy-
five (75~) of the shareholders of the Corporation.
(11.3) Provided, however, no amendment shall make
.rny changes in the qualifications for- stock ownership not thc~
voting rights of shareholders, nor any change in Section (3.3),'
without approval in writing by all siiareirolders. No amtndn?ent
shall Le made without the consent and approval of the Developer
5c, long as it shall own any Campsites in the Canrpgrou;ul in the
~ ordinary course of business.
(11.4) A copy of each amendment shall be filed with
tires Secretary of State, pursuant to the provisions of the ~~phli-
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