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Section 8. Organization Meeting. The first meeting of a newly elected Board of Directors shall be <br />held within ten (10) days of election at such place as shall be fixed by the Directors at the meeting <br />at which such Directors were elected, and no notice shall be necessary to the newly elected Directors <br />in order to legally constitute such meeting, provided a majority of the whole Board shall be present. <br />. . . <br />Section 9. Regular Meetings. Regular meetings of the Board of Directors may be held at such time <br />and place as shall be determined, from time to time, by a majority of the Directors, but at least two <br />such meetings shall be held during each fiscal year. Notice of regular meetings of the Board of <br />Directors shall be given to each Director, personally or by mail, telephone or telegraph, at least three <br />(3) days prior to the day named for such meeting. <br />Section 10. Special Meetings. Special meetings of the Board of Directors may be called by the <br />President on three (3) days' notice to each Director, given personally or by mail, telephone or <br />telegraph, which notice shall state the time, place and purpose of the meeting; special meetings of the <br />Board of Directors shall be called by the President or Secretary in like manner and on like notice <br />upon the written request of at least three (3) Directors. <br />Section 11. Waiver of Notice. Before or at any meeting of the Board of Directors, any Director may, <br />in writing, waive notice of such meeting and such waiver shall be deemed equivalent to the giving of <br />such notice. Attendance by a Director at any meeting of the Board shall be a waiver of notice by the <br />Director of the time and place thereof. If all the Directors are present at any meeting of the Board, <br />no notice shall be required and any business may be transacted at such meeting. <br />Section 12. Board of Directors' Quorum. At all meetings of the Board of Directors, a majority, but <br />no fewer than three (3), of the Directors shall constitute a quorum for the transaction of business, and <br />the acts of the majority of the Directors present at a meeting at which a quorum is present shall be <br />the acts of the Board of Directors. If, at any meeting of the Board of Directors, there is less than a <br />quorum present, the majority of those present may adjourn the meeting from time to time. At any <br />such adjourned meeting, any business which might have been transacted at the meeting as originally <br />called may be transacted without further notice; provided, however, that the quorum required shall <br />be present at such adjourned meeting. <br />Section 13. Action Taken Without a Meeting. The Board of Directors shall have the right to take <br />any action in the absence of a meeting which it could take at a meeting when authorized in writing <br />signed by all the directors. <br />ARTICLE VI <br />OFFICERS <br />Section 1. Designation. The principal officers of the Association shall be a President, a Vice <br />President, a Secretary, and a Treasurer, all of whom shall be appointed by and from the Board of <br />Directors. The Directors may appoint an assistant treasurer and an assistant secretary and such other <br />officers as in the Directors' judgment may be necessary. Any two offices, except that of President and <br />Vice President, may be held by a single person. <br />9