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<br />. <br /> <br />. <br /> <br />. <br /> <br />SECTION 8. Quorum. Fifteen (15) memb~rs, of which ten (10) must be <br />class A members, represented in person or by proxy, shall be necessary <br />to constitute a quorum at a meeting of members. If less than a quorum <br />of the members is represented at a meeting, a majority of members .~ <br />_. ~ <br /> <br />so represented shall adjourn the meeting and may set a date for the <br />rescheduled meeting be held within sixty days of the adjourned meeting <br />without further notice. At such rescheduled meeting at which a quorum <br />shall be present or represented, any business may be transacted which <br />might have been transacted at the meeting as originally notified. <br />The members present at a duly organized meeting may continue to transact <br />business until adjournment, notwithstanding a withdrawal of enough <br />members to leave less than a quorum. If a quorum is present, the <br />affirmative vote of a majority of the members represented at the meeting <br />and entitled to vote on the subject matter shall be the act of the <br />members, unless the' vote of a greater number is required by the Colorado <br />Non-profit Corporation Code or by the Articles of Incorporation. <br /> <br />SECTION 9. At all meetings of members, a member may vote by proxy <br />executed in wri ting by the member or his duly au thori zed attorney in fact. <br />Such proxy shall be filed with trie Secretary .of the Corporation before the <br />time of the meeting. No proxy shall be valid after )0 days from the da:0 <br />of it's execution, unless otherwise provided in the proxy. No individual <br />member or agent will be authorized to execute more than four (4) proxy <br />votes during any meeting. <br /> <br />SECTION 10. Voting of Shares. Each voting member shall be entitled to <br />one vote on each matter submitted to a vote at a meeting of members. <br />In the ~lection of directors, each member entitled to vote at such <br />election shall have the right to vote for as many persons as there are <br />directors to be elected, and for whose election he has _the right to vote. <br />Cumulative voting shall not'be allowed. <br /> <br />ARTICLE. IV <br />. <br />BOARD OF DIREC~ORS <br /> <br />SECTION 1. General Powers. The business and affairs of the corporation <br />shall be managed by it's Board of Directors, except as otherwise <br />provided in the Colorado Non-profit Corporation Code or the Articles of <br />Incorporation. <br /> <br />~ <br /> <br />-4- <br />