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Section 4. Removal: Directors may be removed for cause by
an affixmative vote of a majority of the qualified votes of voting
members. No director shall continue to serve on the Board if,
during his term of office, his membership in the corporation shall
be terminated for any reason whatsoever.
Sec~ion 5. Recall: Directors may be recalle~ and 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 per cent (10$) of the voting members giving 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 rield
iimnediately upon adjournment of the meeting at
which they were electe~, provided a quorum shall
then be present, or as soon thereafter as may be
practicable. The annual meeting 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. The 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) Meetings 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 properties at least
forty-eight (48) hours in advance, except in an
emergency;
(d) A majority of the Board of Directors shall be
necessary and sufficient 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
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FEE. KOBLEGARD & TEEL. P. A.
ATTORNEYS AT LAW
POST OFFIGE BOX t000
FORT PIERCE. iLORIDA 3~490
T~~t~NOnt~~3061~61-E020
~ ~'s345 N~~ 849
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