Agenda - 06-03-2003 - 8c - Laserfiche WebLink

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Section 2. Annual Meeting. The Directors shall hold an Annual Meeting in January of each year for the purpose of adopting the budget for the following calendar year and transacting other business to come before the Board.- Annual Reports shall be presented at the meeting by the President, Secretary and Treasurer, and by the Chairpersons of any Standing Committees; provided that presentation of the Treasurer's report may be delayed until a regular meeting of the Board to be held in March to allow time for its preparation after the end of the fiscal year. Section 3. Regular Meetings. In addition to the Annual Meeting, the Board of Directors may provide, by resolution, the time and place for the holding of additional regular meetings. Section 4. Special Meetings. Special. meetings of the Board of Directors may be called by or at the request of the President or any two Directors. Such a meeting may be held as fixed by the person or persons calling the meeting. Section 5. Notice of Meetings. Regular meetings of the Board of Directors may be held without notice. The person or persons calling a special meeting of the Board of Directors shall, at least fourteen (14) days before the meeting, give notice thereof by any usual means of communication. Such notice shall specify the purpose for which the meeting is called. Section 6. Waiver of Notice. Any Director may waive notice of any meeting. The attendance by a Director at a meeting shall constitute a waiver of notice of such meeting, except where a Director attends a meeting for the express purpose of objecting to the transaction of any business because the meeting is not lawfully called or convened. Section 7. Quorum. A majority of the number of Directors fixed by these Bylaws shall constitute a quorum for the transaction of business at any meeting of the Board of Directors.. Section 8. Manner of Acting. Except as otherwise provided in these Bylaws, the act of the majority of the Directors present at a meeting at which a quorum is present shall be the act of the Board of Directors. Section 9. Action Without Meeting. An action to be taken at a Board of Directors' meeting may be taken without a meeting if the action is taken by all members of the Board. The action shall be evidenced by one or more written consents signed by each Director before or after such action, describing the action taken, and included in the minutes or filed with the corporate records reflecting the action taken. The action taken under this section is effective when the last Director signs the consent, unless the consent specifies a different effective date. A consent signed under this section has the effect of a meeting vote and may be described as such in any document.