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suspend the voting rights of a member for failure to comply wlthwlth rules or regulations <br />of the corporation or with any other obligations of the ovmers of a lot under the <br />Declarations referred to in the Articles of Incorporation. <br />Section 7. Directors. <br />Board. The affairs of the corporation shall be managed by a board of not <br />more than six (6) directors, as the members shall from time to time determine. <br />Qualifications. Directors shall be persons of full age but need not be <br />members of the corporation or residents of Minnesota. <br />Election and Tenure. The members shall elect the directors. Directors <br />shall hold office for a terra of one year or until their successors have <br />been elected and qualify. <br />Meetings. Immediately after each annual election, at the place of such <br />election, the newly elected directors may meet forthwith for the purpose <br />of organization, the election of officers and the transaction of any other <br />business of which special notice is not required by law or by these By- <br />Laws, and if a quorum of the directors be then present, no notice of such <br />meeting shall be required. Special meetings of the board of directors <br />may be called by the president or vice-president of the corporation and <br />must be called by either of them on the written request of any two members <br />of the board. Notice of all directors meetings, except as herein otherwise <br />provided, shall be given by mailing the same at least three days, or by <br />telephoning the same at least one day, before the meeting, to the usual <br />business or reridence address of the director. Special meetings shall <br />be held at any place within or without the State of Minnesota designated <br />by the board of directors, and in the absence of such designation shall <br />be held at the registered office of the corporation. <br />Quorum. A majority of the directors shall constitute a quorum <br />Vacancies. All vacancies in the board created by death, resignation or <br />removal may be filled by the remaining directors at any special or annual <br />meeting. A person so selected shall hold office for the unexpired term <br />to which he succeeded and his successor has been elected and qualified. <br />Eemoval. The members, by a majority vote of those entitled to vote at <br />an election of directors, may, with or without cause, remove a director <br />or the entire board from office. Neither a director nor the entire board <br />shall be removed from office unless the notice of the annual or special <br />meeting at which removal is to be consideied states such purpose. When <br />the board or a director has been removed, new directors may be elected <br />at the same meeting. <br />Executive Committee. The board of directors may designate two or more <br />of its members to constitute an executive committee. To the extent determined <br />by the board, the executive conmittee has the autliority of the board in <br />the management of the business of the corporation. The executive committee <br />shall act only in the interval between meetings of the board and at all <br />times shall be subject to the contra! and direction of the board. <br />I <br />! <br />i <br />1 * <br />(1) <br />a; <br />';V> <br />'M' <br />L'*.- <br />jt <br />■4. <br />(j) <br />(k: <br />Se< <br />(c <br />i' ■ ■■ '