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:~ _ _- <br /> <br />82- 6)t31413 <br />and each person so elected shall be a member of the Board of <br />Ads~tinistrators far the remainder of the term of the member <br />II so removed and until a successor shall be elected at the <br />next annual meeting of the Association_ <br />Section ?. Annual Board Meeting. <br />The annual meeting ~~f the members of the. Board of <br />Administrators shall be held immediately following the <br />annual meeting of the Association, at such time and place as <br />shall be fixed by the Association at the meeting at which <br />such Board of Administrators shall have been elected, and. no <br />notice shall be necessary to the newly elected members of <br />the Board of Administrators in order legally to constitute <br />such meeting, providing a majority of the whole Board of <br />Administrators sha11 be present thereat.. <br />Section 8. Special Board Meetings.. <br />Special meetings of the Board of Administrators may be <br />called by the 'resident upon five (5} business days' notice. <br />to each member of the Board, given by mail or telegraph, <br />which notice shall state the time, place and purpose of the <br />meeting. Special meetings of the Board. of Administrators.. <br />shall be called by the President or Secretary in like manner <br />and like notice on the written request of at least three {3} <br />members of the Board of Administrators, unless there are <br />less than. three {3} members, in which event, upan the <br />written request of the one or two remaining. <br />Section 9. waiver of ~totice. <br />Any member of the Board of Administrators may, at any <br />time, waive notice of any muting of the Board of Adminis- <br />trators in writing, and such waiver shall be deemed. equivalent <br />to the giving raf such notice. attendance by a member of the <br />Board of Administrators at any meeting of the Board shall <br />constitute a waiver of notice co him of the time and place <br />thereof. Zf all. the members of the Board of Administrators <br />are present at any meeting of the Board, no notice shall be <br />required and any business may be transacted at such meeting. <br />Section 1C3. !quorum, <br />At all meetings of the Board of Administrators, a <br />majority of the members thereof sha11 constitute a quorum <br />for the transaction of business, and the votes of a majority <br />of the members of the. Board of Administrators present at a <br />meeting at which a quorum is present shall constitute the <br />deciszon of the Board of Administrators. if. at any meeting <br />of the Board of Administrators there shall. be less than a <br />c3uor*.im present, a majority of those present may adjourn the <br />meeting from time to time. At any such reconvened meeting <br />at which a quorum is present, any business which might have <br />}seen transacted at the meeting originally called, may be <br />transacted without further notice. <br />Section 1:.. E`idelity Bonds. <br />The Board of Administrators shall obtain adequate fi.- <br />delity bonds for all officers and employees of the Associ- <br />ation handling rar responsible for Association funds. The <br />prezsziums on such bonds shall constitute a common expense. <br />~ect,on 12. compensation, <br />No fl~ezasber raf the Board of administrators shall receive <br />any cc~mpen.sation from the Association for acting as such, <br />_~~_ <br />