HomeMy WebLinkAbout2341(b) A nomin~ting~committee of five (5) members will
be appointed by the Board of Directors not less than fifteen (15)
days prior to the annual members' meeting. The committee will
nominate one,person for each director then serving. Nominations
for additional directorships created at the meeting will be made
from the floor, and other nominations may be made from the floor.
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(c) The election will be by ballot (unless
dispensed by unanimous consent) and by a plurality of the votes
cast, each person voting being entitled to cast his votes for each
of as many nomi~ees as there are vacancies to be filled. There
will be no cumulative voting.
(d) Except as to vacancies provided by removal of
directors by members, vacancies in the Board of Directors occurring
between annual meetings of inembers will be filled by the remaining
directors.
(e) Any Director may be recalled and removed from
office with or without cause by the vote or agreement in writing by
a majority of all unit owners. The vacancy so created shall be
filled by a majority vote of all unit owners.
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(f) Provided, however, that until the Developer has
completed all of the contemplated improvements and has closed the
sale of all of the apartments established by it upon said land (as
anticipated), or until it elects to terminate its control of the
Association, or until December 31, 1981, whichever first occurs,
the first directors of the Association will serve; and in the event
of vacancies the remaining directors will fill such vacancies and
if there are no remaining directors, the vacancies will be filled
by the Developer.
3.3 The term of each director's service will extend
until the next annual meeting of the members.and subsequently until
his successor is duly elected and qualified or until he is removed
in the•manner elsewhere provided.
3.4 The or~anizational meeting of each newly-elected
Board of Directors will be held within ten (10) days of their
elections at such place and time as shall be fixed by the.directors
at the meeting at which they were elected; and no further notice of
such organizational meeting will be necessary.
3.5 Regular meetings of the Board of Directors may be
held at such time and place as will be determined, from time to
time, by a majority of the directors. Notice of regular meetings
will be given to each director, personal2y or by mail, telephone or
telegraph, at least three (3) days prior to the day named for such
meeting. _ ~ ~
3.6 S~ecial meetin~s of the directors may be called by
the President and must be called by the Secretary at the written
request of one-third (1/3) of the directors. Not less than three
(3) days' notice of the meeting will be given personally or by
mail, telephone or telegraph, which notice will state the time,
place and purpose of the meeting.
3.7 Waiver of notice. Any director may waive notice of
a meeting before or after the meeting and such waiver will be
deemed equivalent to the giving of notice. .
3.8 A~uorum at directors' meetin~ will consist of a
majority of the entire Board of Directors. The acts approved by a
majority of those present at a meeting at which a quorum is present
will constitute the acts of the Board of Directors, except' when ~
approval by a greater number of directors is required by the
Declarations of Condominium for-such condominiums, said Article of
incorporation or these Bylaws. ~
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B~rnt348 P~r,f~9
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