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82001758
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Last modified
3/10/2009 2:57:44 AM
Creation date
2/27/2009 9:18:36 PM
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DEEDS
Inst Number
82001758
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<br />-The groposed amendment.. shall be adopted only upon receiving.. <br />the afr~.rmative vote of seventy-five: percent {75~) or more <br />of the members present and voting, provr3ing, however.,.. that <br />percentage voting requirements contained in the By-Laws <br />shall not: be amended t~v:a lessor percentage vote than. that <br />sought to be amended, and provided further that such amendment <br />shall have t~ze approva of-more than fifty percent tS0$) of <br />the first mortgage holders. of record. upon the date of adoption.. <br />of the amendment. <br />D. ApFlication_of Restrictions. Wherever the pro:- <br />visions of these Articles of Incorporation are more. re- <br />strctive than the provisions of the By-Laws of *_hs As- <br />socation or than the provisions of the Nebraska Non-Profit <br />Corporation Act concerning the number of votes required for <br />the passage of ary resolution or: the taking of any action by <br />the me3¢bers of the Association, then the provisions of these <br />Articles of Incorporation .shall :control. <br />E. Authority of Board of Directors. Except.. as is <br />aped#ically limited by these Arrtcles of Incorporation or <br />by the provisions of 'the Master Deed creating ary of the. <br />condominia, which Master Deed is or shall be flied of record <br />in the C7fTce of:.the Register of Deeds of Ha3:1 County, <br />Nebraska. the manas~ement and the affairs`of the corporation <br />shall be vested in and shall be wader the e~ec2usive direction <br />and control of the Board of Directors. The Board of Directors <br />may hire ouch employees: or independent contractors pr managers <br />as it deems necessary to perform its deities and to fulfill <br />the purposes of the corporation. <br />£. Dissolution. Thee..corporation may dissolve and <br />wind ;gip its affairs isz the following ssranner:' The Board of <br />Directors shall adopt ~ resolution reeommeazdi.ng that the <br />
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