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202500472 (d) Special Meetings Special meetings of the Directors may be called at the request of the President or any Director. The person or persons authorized to call special meetings may fix the time and place the meeting called by them. (e) Notice of Special Meetings Notice of any special meeting shall be given at least five (5) days previous thereto by written notice delivered personally or mailed to each director at his or her regular mailing address. If mailed, such notice shall be deemed to be delivered when deposited in the United States mail, so addressed, with postage thereon prepaid. Any director may waive notice of any meeting. The attendance of a director at a meeting shall constitute a waiver of notice of such meeting, except where a director attends for the express purpose of objecting to the transaction of the business because the meeting is not properly called. Neither the business to be transacted at nor the purpose of any regular or special meeting of the Board of Directors, need to be specified in the notice of such meeting. (f) Quorum A majority of the Directors shall constitute a quorum for the transaction of business, but if less than a majority is present, a majority of those present may adjourn the meeting from time to time without further notice. (g) Manner of Acting The act of a majority of the Directors present at a meeting at which a quorum is present shall be the act of the Board of Directors. (h) Compensation It is the intention of the Board of Directors of the Association that Directors shall serve in a voluntary capacity without payment or remuneration except reimbursement for out-of-pocket expenses actually incurred by such director. The Board of Directors may, by resolution, provide for the payment of salaries or fees to a Director or Directors for specific services rendered to the Association.