HomeMy WebLinkAbout0052ARTICLE 7
IhQEMNIFICATION
Every director and every officer of the Association will
be indemnified by the Association against all expenses and liabil-
ities including counsel fees, reasonably incurred by or imposed
upon him in connection with any proceeding or any settlement of any
proceeding to which he may be a party or in which he may become
involved by reason of his being or having been a director or
officer of the Assocation, whether or not he is a director or
officer at the time such expense~ are inc~zrrPdj excegt when t~e
director or officer is adjudged guilty of willful misfeasance or
malfeasance in the performance of his duties. Provi~ded that in the
event of a settlement the indemnification will apply only when the
eoard of Directors approves such settlement and reimbursement as
being for the best interests of the Association. The foregoing
right of indemnification will be in addition to and not exclusive
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the Board of Directors and may be altered, amended or rescinded in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
AMENDMENTS
Amendments to these Articles of Incorporation will be
proposed and adopted in the following manner:
9.1 Notice.of the subject matter of a proposed amendment
will be included in the notice of any meeting at which a proposed
amendment is considered.
9.2 A resolution for the adoption of a proposed
amendment may be proposed either by the Board of Directors or by
the members af the Association. Directors and members not present
in person or by proxy at the meeting considering the amendment may
express their approval in writing, providing such approval is
delivered to the secretary at or prior to the meeting.
a. Such approvals must.be by not less than 75$ of
the entire membership of the Board of Directors and by not less
than 758 of the vot~s~of the entire membership of the Association;
or - '
b. By not less than $0$ of the votes of the entire
membership of the Association. ~
9.3 Provided, however, that no amendment shall make any
changes in the qualifications for membership nor the voting rights
of inembers, without approval in writing by all members and the
joinder of all record owners of mortgages upon the condominiums.
No amendment shall be made that is in confl'ict with the Condomin-
ium Act or the Dec?_arations of Condominium.
9.4 A copy of each amendment shall be certified by the
Secretary of State :~nd be recorded in the public- YECO-rds of St.
Lucie County, Florida.
ARTICLE 10
TERM
The term of the Association shall be perpetual.
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