HomeMy WebLinkAbout1150_ President of the l:ss~ciatian fo.- the al ~eratior,, ~i~~c~r~:i:~:ent, or
rescission of these l,rticles. Such t.aiver i,ay occur before, at or
after a R.em6ership n~eeting at which a~~otE is tal;~n to a:r~end~
alter or rescind these I~rticles in whole or in part.
AF.TICLE_VI
I2IDi.:•it:IFICATlOt1 OF OE'FICERS I~~I:D DIF.ECTORS
Every Director and every Office:- of the Corporation shall be
indemnified by the Corporation aaainst all expen~ps and liability,
including counsel fees, reasonably incurre~ b}~ er ir~pos~d upon him
-~ in connection with any proceeding to hhich he may be a party, or
in which he may become invol~~ed, by reasc~n of his being or having
been a Director or nfficer- at the tiTe such exc:~~~ses are incurred,
except in such cas~s ~herein th~ Director or c£ficer is ac3judged
auilty of willful ~:is£ea=ance in the U~r~or:~ance of his duties;
oro~•i~ed that in tt:e event cf anti~ c1aiT for rei:~.~~urs~~ent or
i~den.nification hereur,~3er ~:~ase:3 ~p~n a settl~~~~~ent b}' ~he Director
or Of~icer seel:inc ~uch reimbcr~er;.~nt or in~~e~n~ification, the
in~er:nification herein shall an~ly only if the F3~ard of Directors
approves such settl~:nent and rei:r.L,~rsF:~,~nt as beir.g in the
interests of the Corporation. Su:.h a~pr~. al st-~a~ 1 be rr.ade b}~ a
,:ajority vote of a auorur,: cor,sisting of directerG who ~ere not
parties to such r~roceedings. Ti~,e £or~egoin~ rigt,t of
ind~Tnification s'.:al' be in addi;.ion to and no' exclusive of all
other rights to w'~ich such Director or nfficer r.~a}• be entitled.
nkTICLi. }:II
T ~~2:StiCTIOI.c I': -•'~iICl~ DIRiCTORS UR OF= 1~tRc ~: i~ Ij:;ERESTED
S~ctio*~ 1. 23o contract or trar.saction ~etw~er. the F.ssocia-
Lion anc one or more of its Directers or Officers, or between tt~e
Fssociation and any ather corporation, partners!~ip, association,
trust or o~her oraanizatio:~ in wY:ici: one or ~r.~:e of its Directors
or O_"icers a:e Dir~ctors or O~`.icers, cr ha~~e a financial
interest, shall hE in~~alic, veic or VCl~aJle sol~l}• for this
rQcSOT':~ O: SOlE?i}' ~'~'Cc'~'.]S~' L~IE CZrPCt.Or- Or OFf 1Cez is present at Or
participates in t::e meetina c~ the ~arc c,r ~~~r.:ittee thereof
which authorizec thF contract o_ transaction, or solel~~ because
saic c~ficer's or cirector's votes are co~nr_~d f~r such Di]rDOSe.
1:~ ~irGctors or e~_`icer of the l:ssociati~r. s~all incur liabilitv
5y reaso:~ o_ ttie f act t~:at sa ic d:rector or of f ICer ~~ay be ~
i^te:este~ in an~• ~u~~~ contract or trar.saction.
Section 2. I~terestee o`_`ic~rs ar~~ c:r~c~er~ ~r,a~• be counted
ir. oeter:~,inin~ th~ _-re~ence o~ a au~r~~T ~` ~ r~pe ~ir,o of th~ Board
of Dire~t~rs or. n` a co:r,mi ~te~ ~':ich a~,:t-:~ri ~~~ the con~ract or
tra-:sa,:tion.
1:?; I ~:.,~ XI I I
11Lrt:;FSC ..^i•^• T-....'~ Cm.'.....riL Cr F1 Li..
Th~ street ad~ress of thF r~~ist~~reC ~"ice o~ ~!:is
~~rp~~ra~ion in t~~ ~~ate c' ~3o~ida s~:a'_1 :~ 818 L'.S. Nighway rl,
$Lll~ j~!:~~ ~r Fa1;- T?r_~~-+~ rlori::i: 33~0'c. T.'1'_' 7~3•'T~~' Of the 1Tll:lt3~
rGg:ste:~~ a~e~~ a' this acidres= shall ne L?~~y~ !i~sne:. T~e Board
cF Directors r~:ay ~:-~r ~ime to ~i~:.~ mo~~e t~e :~~~i~terea office to
a~y o~-:er address in Florida.
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°- 7 BR~K 346 P~~E 1147
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