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HomeMy WebLinkAbout1404 Hated in the Bylaws of the Association . Said officers will be elected by the Board of Directors at its first meeting f~llowiag the amual meeting of the members of the Association and wiA serve at the pleasure of the Board of Directors. The names and addresses of the officers who will serve until their successors are designated are ar _ - follows: President - TONY SOTOLONGO 309 Country Club Drive Tequesta, Florida 33~5a Secretary-Treasurer FAITH SOTOLON(~O 309 Country Club Drire Tequesta, Florida 33~?58 ARTICLE ~ INDEMNIFICATION Every director and every officer of the Association will be indemnified by the Association against all expenses and liabilities including counsel fees, rrason- ably incurred by or imposed upon him in connection with any proceeding or say settle- ment of any proceeding to which he may be a party or isr which he may become involved by reason of his being or having been a director or officer of the Assocsation, whether or not he is a director or officer at the time such ezpenses are iacairr+ed, ezoept when the director or officer is adjudged guilty of willful misfeasance or malfeasance in. the performance of his duties . -Provided that is the event of a settlement the indemn- ification will apply only when the Board .of Directors approves such settlement sad reimbursement a~ being for the best interests of the Association _ The foregoing right of indemnification will be in addition to and not ei~rlusive of all other rights to which such director or officer may be entitled. ARTICLE 8 - BYLAWS The first Bylaws of the Association will be adopted by the Board of ~ Directors and may be altered, amended or rescinded in,the manner provided by said Bylaws . ARTICLE 9 i AMENDMENTS - Amendments to these Articles of Incorporation will be proposed and adopted in the following manner: 9.1. Notice of the subjecE-matter of a proposed amendment will be included in the notice of any meeting at which a proposed amendment is aoosidered 9.2 . A resolution for the adoption of a proposed amendment may be proposed either by the Board of Directors or by the members of the Assvcaation . Directors and members not present in person or by proxy at the meeting aoasideriag ~ the amendment may express their approval in writing, providing such approval is delivered to the secretary at or prior to the meeting. _ ~ L _4_ i ~~38 P~1~0? - { -