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Condominium Resale Certificate - Williams & Williams

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07:AS MIG/jlf 2/4/84<br />

4.4 Term: The term of each Director<br />

election by the members shall be<br />

Directors' successor has been duly<br />

4.1 Ora on Mee:irc of Newly El.<br />

after the first annual<br />

for three years. and until that<br />

elected and has qualified.<br />

4.5 Removal: Any member of the Executive Board may be<br />

removed, with or without cause, by a<br />

to cast at least sixty-seven<br />

Association, at a special meeting<br />

successor may then and there<br />

for the balance of the<br />

has been duly elected and has<br />

any Director on the<br />

any subsequent Executive<br />

elected may be removed and<br />

time, only by act of Declarant,<br />

vote of the members entitled<br />

percent (67%) of the votes in the<br />

called for such purpose, and a<br />

be elected by the members to serve<br />

predecessor's term, and until his successor<br />

qualified; provided1 however, that<br />

first Executive Board, and any Director on<br />

Board, whom Declarant appointed or<br />

replaced at any time, and from time to<br />

and with or without cause.<br />

4.6 Vacancies: Any vacancy in the Executive Board arising<br />

out of the removal, death or<br />

resignation of a Director appointed<br />

or elected by Declarant shall be filled only by appointment made<br />

by Declarant. Any other vacancy in the Executive Board shall be<br />

filled by act of the remaining<br />

constitute a quorum, and a Director so<br />

Directors, whether or not they<br />

elected shall serve for<br />

the unexpired term of this predecessor in office, and until his<br />

successor has been duly elected and has qualified.<br />

anizati ected Board: The<br />

organization meeting of a newly elected<br />

held within ten (10) days of its<br />

as shall be fixed by<br />

Executive Board shall be<br />

election, at such time and place<br />

5uch Directors at the meeting at which they<br />

-8-

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