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200010301 3.8 Record Date. If no record date is set by the Board of Directors, the date on which the notice of meeting is mailed shall be deemed the record date for the determination of Owners entitled to vote. Transferees of any Unit after the record date shall not be entitled to notice or to vote. 3.9 Adjourned Meeting. If any meeting of Members cannot be organized because a quorum has not attended, the Members who are present, either in person or by proxy, may adjourn the meeting from time to time until a quorum is present. ARTICLE IV MANAGEMENT 4.1 Management of Affairs. The affairs of the Association, including adoption and amendment of the Rules and Regulations, shall be managed by the voting members who shall constitute the Board of Directors. For the purposes of the Condominium Documents, the terms "Board ", "Board of Directors ", and "Executive Board" shall be used interchangeably and shall refer to and be the same as the term "executive board" which may be found in the Nebraska Uniform Condominium Act. In the event of the board members inability to agree on any issue affecting the common elements or association, a disinterested third party person with experience in real estate matters shall be selected by the board members to review the controversy and decide the issue which can not be resolved. Each member shall equally pay the costs incurred by the third party in making the decision. 4.2 Term of Directors. The term of each director's service shall extend until the next annual meeting of the Association and subsequently until his /her successor is duly elected and qualified or until he /she is removed in the manner elsewhere provided. 4.3 Regular Meetings of Directors. The regular meetings of the Board may be held at such time and place as shall be determined, from time to time, by a majority of the directors. Notice of regular meetings shall be given to each director personally or by mail, telephone or telegraph, at least three (3) days prior to the day named for such meeting. 4.4 Special Meetings of Directors. Special meetings of the directors may be called by the President or Chairman of the Board if such officer has been elected and must be called by the Secretary at the written request of one -third of the directors. Not less than three (3) days' notice of the meeting shall be given personally or by mail, telephone, or telegraph, which notice shall state the time, place and purpose of the meeting. -4-