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83002537
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Last modified
11/19/2008 12:13:03 PM
Creation date
11/19/2008 12:13:01 PM
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DEEDS
Inst Number
83002537
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<br />I <br /> <br />section 5. Removal of Administrators. <br /> <br />At any regular or speCial meeting of Association, anyone or mote of the <br />.._rsot the Bol!rd of Administrators may be removed with or without caUse by <br />a" vote of the O1o/ners of a majority of the basic value of the Condomlnt.um Property <br />lle9i..,ulJ1rig' the percentaqelJ set forth in the Paraqra~h VI of theMeaterDeed,an4 <br />It 8uooeaaor 1IlllY. then and there or thereafter be elected to . fill the vacancy tbua <br />creat:!rd. "Any members of the Board of Administrators wholJe removalhaa bltenpropoMd <br />by tblt Association owners shall be given an opportuni ty to be heard at the mMUng. <br /> <br />83- lJ02537 <br /> <br /> <br />,."tion 6. Vacancies. <br /> <br />Vacancies in the BOard of Administratora caulJed by any reason other than the <br />removal of a "member thereof by a vote of the Association shall be fUled by vote of <br />a .-jority of the remaining Administrators at a special meeting of the Board of <br />MIIiniat.rators held for that purpose promptly after the occurrence of any such <br />vlIlCancy, even though the _bers present at such meeting may constitute le.. than <br />a quorUM, and each person so elected shall be a member of the Board" of Mllinistratota <br />fOr the re_inder of the term of the melllber so removed and until a suooeSlIOr shall be <br />elected at the next meeting of the Association. <br /> <br />Section 7. Annual Board Meeting. <br /> <br />The annual meeting of the members of the Board of Administrators shall be held <br />~iateIy following the annual meeting of the Association, at such time and place <br />aa shall be fixed by the Association at the meeting at which such Board of <br />Administrators shall have been elected. and no notic@ shall be necessary to the <br />newly elected members of the Board of Administrators in order legally to constitute <br />such meeting. providing a majority of the whole Board of Administrators shall <br />be; present thereat. <br /> <br />Section 8. SJ;le(;ial !!Ollrd ~tings. <br /> <br />Special meetings of the Board of Administrators may be called by the President <br />uflOI'I five (SI business days' notice to each member of the Board, given by mail, or <br />teltICJrapb, which notice shall state the time, plac>!1 and purpose of the meeting. <br />Special meetings of the Board of Administrators shall be called by the President <br />or s.cretary in like manner and like notice on the Ill' i tten reqlll~st of at least <br />three (J) members of the Board of Administrators, unless there are less than three <br />(3) lllelIIber II , in which event, upon the written requellt of the one or two relllllining. <br /> <br />Section 9. W4iver of Notice. <br /> <br />Any member of the Board of Ad.inistratorll may, at any time, waive notice of <br />a~ meeting of the Board of Administrators in writing, and lIuch waiver IIhall be dee.ed <br />~t.v.18nt to the giVing of such notice. ~ttendance by a meMber of the BOard <br />of Ma1nt.atratorll at any _ting of the Board shall constitute a waiver of notice <br />to hi. of the time and place thereof. If all the meabers of the Board of Adeln1str8- <br />.. are present at any meeting of the Board, no notice shall be required and any <br />blIainess _y be transacted at such meeting. <br /> <br />~t1on 10. Quorull. <br /> <br />At all lIIeetings of the BOArd of Adlllinistrators, a major ity of the lll8IMlerll <br />~~ shall constitute a quorum for the transaction of business, and the votes <br />of. _jOt ity of the IlIl!11lbers of the Board of AdIIIinistratotl!l present at a lIleeting <br />at _hicb a quorum is present shall constitute the decision of the Board of <br />~niau.tors. If at any llIl!'eting of the Board of Administrators there shall be <br />leu tftlul.. II quorUM present, a majority of those present may adjourn the meeting <br />trOll t.i.. to ti... At any such adjournlMlnt at which a quorum is present, any bus- <br />i~ ~ich Ilt.ght have been transacted at the _ting originally called, may be <br />tr~~~ without further notice. <br /> <br />] <br /> <br /> <br />J <br /> <br />-5- <br />
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