C150236 feas study - Laserfiche WebLink

Home Browse Search

C� � �n•� ��K cJc.� I �=:'�;:: ..:.... • with an impression ot the corporate seal attached and only upon the authority granted �o said officers by a resolution -, ' adop�ed by the affirmative vote of seventy-five percent � (75�) or more of the total number of votes entitled to be ' cast by members of the corporation. A certification contained in any such conveyance or encumbrances reciting the names of the chairmar. of the Board of Directors and the secretary properly in office at the time of the execution of the conveyance or encumbrance and setting forth the text o� ' the resolution or the members authorizing the conveyance or encumbrance and the vote by which it was adopted, signed by the secretary o� the corporation and bearing the corporate seal, shall be binding upon the corporation as to the facts therein stated. T}:e Board of Directors may authorize and grant leases o� one (1) year or less, easements ror utilities, access and other similar purposes without the ��ote of the members. ARTICLE VIII �Iembers The members oT this corporation shall be those persons, associations or entities (other than this corporation) who " • own title in �ee to the lots included within the area defined herein as the Lazy O Ranch. Al1 persons, �{ associations or entities acquiring the title in fee to an�� `" �:� of the lots included witnin the Laz_y O Ranch, by whatever means acquired, shall automatically become members of this `�` corporation. No person, association o.r entity shall �� continue to be a member aiter that person, association or r � entity no longer holds title in fee to any lot included , within the Lazy O Ranch. The Lazy 0 Cattle Company (LOCC), ; its successors or assigns, shall be a member of the ' Association based on its holding of unsold lots and shall have one (1) vote per unsold 1ot. . aRTICLE IX �?embers' Meetings A. Place. Meetings of nembers shall be held at the principal office of the corporation or at such other place or places, within or without the State oz Colorado as may, fron time to time be determined by the Board of Directors. The place at which such meetings shall be held shall be � stated in the notice of sucn meetir•gs. , ._-� B. Annual hleetinqs. Th�e annual rr�eetings for the • election of directors to succeed those whose terms expire and for the transaction of such other business as may come before the meeting shall be held in each year on the second Saturday in July, at 10:00 a.m. Lazy O Art. Inc. 4/13/87