09/04/2012 Council Packet - Laserfiche WebLink

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Section A. Qdorur. The presence at the reeling of Members entitled to coat or of proxies entitled to cast 'piety. percent (60:6) of the votes shad constitute a quorum, for any action except rig othervtee provided in the Articles of Incorporation the Declaration or thee. By-Laws. If, however, such quorum shell not be present or represented at any meeting. the Mcmbere entitled to vote shell have power to adjourn the meeting from Lime to thee, without notice other then announcement et the meeting, until a quorum es aforesaid sbaIn be present or be represented. 1 Section 5. Prnillee. At all meetings of Members, each l Herber may vote n peteon or by proxy. All proxirie 'heal be in vriting ani filed vith the secretary. tvery proxy eha11 be revocable and eheil automatically cease upon conveyance by the Kerber of his Lot. {I ARTICLE Iv BOARD Or DIRECTORS, SeieCT/001 TERM OF OFFICt Section 7 J11+mber. The affairs or thle Association shell be managed by a Board of throe (1) Directors. Section 2. Term Qr Orrice. At such time an there ere two • (2) ovicere of lots excluding lots owned by Declarant,ia special meeting of the Members 01311 be called, and !laid Kembera shall eloct three (3) directore for a term of one (1)IiYear and at each annual meeting thereafter, the Members .ha }1 elect a director or directors for the director or dlrectore vb000 term is expiring. Section 3. fence/al. Any director may be removed Aron the board, with cr without cause, by a majority vote or the Mortara of the Association. In the event or death, resignation cr removal of a director, their successor shall be selected by the remaining member.. of the board and shall servo for the unexpired term of their predeceeeor. Section A. Compen..atien. Any director may be reimbursed for their actual expanses incurred in the performance or 'their duties. Puriher, the Board of Directors may compense Directors for specific services such as record or 1 bookkeeping services. -3- �•a • dog: lO z l bz or