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<br />I <br /> <br />83- 002537 <br /> <br /> <br /> <br />At: sUCh meeting, the oriqinalBoard of Administrators shall resign a. member II of <br />the Soat'4 of Administrators and as officers, and all the memerB including the Deve16prt' <br />a1IaU eU!ct a new Board of Adlilinistcators. Thereafter, the annual meetinlj'sof the <br />__iaUon shall be' held on the 31st day of March of each succeeding yeat,unles$ <br />sucndate. shall occur on.a Saturday, Sun~ay, or holiday in which event the meeting <br />Il.hal1 beh!!,ld on the succeeding b'Jsiness day. At such meetings the Board of <br />1ld'itlni$trators shall be elected by ballot of the members in aecordancewith the <br />requtrelM!'MS of. Section 4 of Article lU of these By-Laws. So long as the developer <br />sllallo'lll'l one or more of the suites, the De\Il!!lop€'r shall be entitled to elect atleaet <br />orMl~r of the !loard of Administrators \tho shall serve for a term of one year. <br />".,. AsllOCiation may transact such other business at such meetings as may properly <br />~ before It. <br /> <br />Section a. Special Kembers' Meet1l'lqs. <br /> <br />Special meetings of trn. Association mellt:lers may be called by the preaidentor <br />Vi4e President Or by a majority of the !loard of Administrators and must be called <br />upon receipt of writt.-n request from lll!tIlIbers holding a majority of the total basic <br />value ot the Condominium Property Regime, using the percentages set forth in Para~ <br />9l'aph VI of thto Master Deed. Notice of a ~lal meeting shall state the tillealld <br />place of such _Hng and the purpose thereof. No business, excltpt that stated in <br />the notice, shall be transacted at the special _eHng. <br /> <br />s.ction 3. <br /> <br />Place of Meet:inqs. <br /> <br />Meetings of the Association members shall be held at the registered office at <br />the Corporation or at such other suitable place convenient to the members as may be <br />designated by the Board of Administrators. <br /> <br />~tiQn <t. Notice of_ ""'tinqa. <br /> <br />It: shall be the duty of thto SecretMY to mail a written notice of eacb annual or <br />special lIeeHng of the AlIliociat ion at Iltaat ten (10) but not more than thirty (30) <br />days prior to such _tinq, statinq t.he purpose thereof as well as the tilll\e and place <br />where it is to be held, to each owner of record. at their suite address or at such other <br />address as such owner shall have desiqnated by notice in writing to the Secretary. <br />Tbe ..11ing of a notice of _tinq in the manner provided by this Section shall be <br />considerced service of nvtice. <br /> <br />S<<l'tloll 5. Order of Business. <br /> <br />The order of business at all meetings of t.he Association shall be as follows: <br /> <br />(al !loll Call. <br /> <br />(b) Proof of noticl!' of _tinq. <br /> <br />(e) RNdinq of minutes of preceding meetinq. <br /> <br />(d) Reports of officers. <br /> <br />(e) Reports of \'loud of l\dainlatrators. <br /> <br />If) Reports of co.aittees. <br /> <br />(9) Election of inspectors of election <br />(when S() required}. <br /> <br />Ihl Elect.1on of IIIllIllber of the Board of A&.inistratora. <br />(when so required). <br /> <br />(i) Unfinished business. <br /> <br /> <br />(jl Mew. ausin.... <br /> <br />-2- <br />