|
Sectirsn 6. quorum.
<br />A ~uor.um far Association meetings shall consist of ±he presence,
<br />in person or by proxy, of suite or garage owners holding a majority of the
<br />fatal basic value of the Condominium Property Regiafe, using the percent-
<br />ages set forth in Paragraph VZ of the Master Deed, unless otherwise
<br />provided in these By-Laws or the Master Deed.
<br />Section 7. Voting.
<br />The owner or owners of each Suite or garage, or some person
<br />designated by such owner oe owners to act as proxy on his or their behalf
<br />and who need not be an owner, shall be entitled to cast the votes
<br />appurtenant to such suite ar garage at all meetings. The designation of
<br />any such proxy shall be made in writing to the Secretary, and shall: be
<br />tevaeable at any time by written notice to the Secretary, by the owner ax
<br />owners sa designating. In instances of other than individual ownership,
<br />any or all of such owners may be present at any meeting of the owners
<br />and (those constituting a group acting unanimously}, may vote or take any
<br />ni_nar ~~i-fir. _ .,~; ~~ ~ .
<br />.~.. .,. .. .,. ,.v a at vwnc'r ei L.,Cr !il j.Jel bt3le (JC uy pra7Cy. ii C}W'E'{Fer,
<br />no person may act as proxy for the owner ar owners of more than one suite.
<br />The total number of votes of all suite owners shall be 41,01.5, and each
<br />suite or garage owner (including the Developer and the Board of Adminis-
<br />trators, i~ the Developer shall then own, or the Board of Administrators,
<br />or its designee, shall then hold title to one or more suites} shall be
<br />entitled to cast one vote at all meetings of the suite owners for each
<br />....e-hundredth percent (,Oi.s} of interest in tr,e common areas and
<br />facilities applicable to his or their suite or garage. A fiduciary shall
<br />be the voting member with respect *_o any suite or garage owned in a
<br />fiduciary sagacity.
<br />Section 8. Majority Vote.
<br />The vote of a majority of the votes represented at a meeting
<br />at which a quorum shall be present shall be binding upon all suite and
<br />garage owners for all purposes except where in the Master Deed and
<br />Beclaration or these Ry-r-aws, a higher percentage vor,e is required,
<br />Section 9. Procedure.
<br />The Areuidenr_ ~_ h.,i 1 preemie over members' ^:eRtings and t!';e
<br />Secretary shall Keep the minute baaK wherein the resolutions sha.11 be
<br />recorded.
<br />~ect3C}n ~. i7. ACeigtlrnTnent.
<br />.__...._.t..._..._..__:~___.__.
<br />If any =:eeting ~.= tF~: Assn ~xat.on cannot oe nei.i because a
<br />quorum has not attended, a majority in comanon interest of the suite or
<br />garage owners who are present at such meeting, either in person car by
<br />proxy, may adjourn the meeting to a time pat less than forty-eight (;8)
<br />hours Pram the time the ori:ainal meeting was called.
<br />ARTICLE III, BOARD !3F ADMINISTRATORS,
<br />Segtan 1. Number and ~;rualification.
<br />'T'he affairs of the Association and tha_ Condominium ?roperty
<br />Regime shall be governed ay a I3aard of Administrators (also coiled
<br />"Directors"), until May 1, 1981 or until the Developer shall relinquish
<br />its control by written notice ton all t:>wners, whichevee ;>hall first occur,
<br />and thereafter until *_`?E'Ir succesWarr shai? have bey>r: ::u j e:leactrci i,y t!~:r~
<br />AS,~c~iaLiorr. isntil then the ,~ev~;ic~pr,r, °~iid~-f~ontinent ~`nternrisrYs, Inc.,
<br />shall designate all memz~ers of the E3oar~j of Adminiw-trators, oY:f icers anti
<br />employees of the Association. Thereaft.,r, the 3crarct of Administrat{.~rs
<br />shall be z-c~mpos~±d of not Iess than five tS) nor moee than nines (9)
<br />persons, all. of whom shill be site sir garaga owners in the Ai.lene
<br />;aindsar Square Candcxminium Property `2ecimE car any c>ti~er €_r,nciomini~_tm
<br />Property Ttegi:me over which th«~ Association then has ~uriciic.*_icn.
<br />
|