Orange County NC Website
Browse       Search
16 <br />or agent of the Corporation shall be personally liable for money damages as a result of any action for <br />breach of such person's duty as Director, Officer, employee or agent of the Corporation. <br />No amendment or repeal of this Article, nor adoption of any other amendment to these Articles or By- <br />Laws inconsistent with this provision, shall eliminate or reduce the protection granted herein with <br />respect to any matter that occurred prior to such amendment, repeal, or adoption. <br />Article XIII. AMENDMENTS TO BY-LAWS <br />Section 13.01 In General <br />These By-Laws, save and except Section 15.03, may be altered, amended or repealed and new By- <br />Laws may be adopted by the affirmative votes of two-thirds of the Directors in office at the time such <br />alteration, amendment, repeal, or adoption is presented. Provided notice of the meeting at which such <br />votes occurred sha11 have contained a copy of the proposed alteration, amendment, repeal or adoption, <br />or provided such requirement shall have been duly waived by all Directors who voted on the <br />alteration, amendment, repeal or adoption. Provided however that for howsoever long the <br />Corporation contracts with Orange County for financial or other services no alteration, amendment, <br />repeal or adoption to or of these By-Laws shall be effective unless and until it is approved by majority <br />vote of the then sitting Board of Commissioners of Orange County, North Carolina. <br />Article XIV. OFFICES <br />Section 14.01 Principal Office <br />The Corporation's principal office shall be located at such place as the Board may fix from time to <br />time. The street address of the Corporation's initial principal office shall be: 500 Vallev For~e Road, <br />Hillsborou~h, North Carolina 27278. <br />Section 14.02 Registered Office <br />The registered office of the Corporation required by law to be maintained in the State of North <br />Carolina may be, but need not be, identical with the principal office. The street address of the <br />Corporation's initial registered office shall be: 500 Valley For~e Road, Hillsborou~h, North Carolina <br />27278. <br />Section 14,03 Other Offices <br />The Corporation may have offices at such other places within the State of North Carolina as the <br />Board may designate from time to time. <br />Article XV. MISCELLANEOUS <br />Section 15.01 Rules and Regulations <br />The Board shall have the power to make and adopt such rules and regulations not inconsistent with <br />the law, Articles of Incorporation, or these By-Laws, as it may deem advisable for the management of <br />the Corporation's business and affairs. <br />Section 15.02 Steering Committee <br />The Steering Committee formed by the June 3, 2010 Interlocal Cooperation Agreement between <br />Alamance, Chatham, Durham, and Orange Counties shall continue to meet until it dissolves either on <br />June 30, 2015 or upon the tertnination of the Interlocal Cooperation Agreement. The Board may <br />meet annually with the Steering Committee to discuss the operations, goals, and future of the <br />Corporation. However, the Steering Committee shall have no authority over the operations, Board, or <br />15 <br />