Laserfiche WebLink
<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />'. . ,', '..':- ).:::/~~~ - '~:::~~':.;:\i}.;U~;; .:. ~;' .~. <br />~. . .:,.-:-: ,-';c .':::.;;~'.t.\ <br />~ ,:~-;,., .' <br /> <br />.' <br /> <br /> <br />. .':,:..;~J,,:::'\:.\.~."" <br /> <br />- , '. -,_._: .' -: ~".;......: ..t,-' , <br />'. .;;~:;. ,.': . ~ .. <br />., .., .,i.";."',:.," ARTICLE THIRTEEN <br />. .'- .'~..f,:..';\'\~':-~~>>>;" ".,' '.. . ".' . '. . <br />. .....Sa!~;.cO.~vilvilIlCeOr encumi:lrance of all or any part of the propelty,of me q <br />. . Coipoiiiiori;~ciy:bti. IlHide by the Board of Directors,' provided;'however,.that such <br />. sale, cui~~eya'nc(or . encumbrance is .8uthori4ed by a majority 'of e quarum of the . . . <br />: rncmtJl:rs:preserit at a regular membership meeting or a special membership meeting . <br />:caUedforthe purpose, and, instruments of convey an co ar encumbrance: shall be <br />. executed ~:nbehalf of the Corparation by the Preo;ident 3nd attested by the SocretorY <br />. eftheCoip6ration~ . . '.. . . <br /> <br />:~ <br /> <br />ARTICLE FOURTEEN <br /> <br />1. . No officer, director ar member shall at any time receive ar became <br />.. entitled to receive any pecuniary profit fram the aperatians hereaf either by dividends <br />or other distribution ar by'payment af any salary. wage; ar reward af any kind in <br />"excec5 of'reasanable compensation tor ;;"IVir:p.;; ~r:tl'I;Jlly rendemd by ;Jny afficer, <br />'39611t, diroctor~ ar emplayee ar. member of the Corporatian. <br /> <br />. 2. . No' dividend or clistribution of the funds or ather property of the <br />Corparation'shall be m~np. lIrltil all debts are fully paid and then anly upan its. first <br />di~~alutian.n6rshall any distribution be made except by a vote af the majority of the <br />. mclnm';rs;attheCo~oratianar a Quorum thereof as provided bv the By-laws. In the <br />. 'evlint~fdiSSolution,for the purpose of merger, lhe nel [UIIlJ:;'O[ lhe Corporation, if <br />any ; shall bejransferred to any.other Ul several non~profit organizations having one <br />. ',.ormore'purPClses- hi' cammon with Ulis Carporation.' <br /> <br />ARTIe! F FIFT([N <br /> <br />1. pursuant to. the' pracedure: set farth belaw in Part B of this Article the <br />Corporalian shall indemnify: . <br /> <br />a. Any pcrGon who' was or is a party or i~ threatened to. be made a <br />party to ClOy threatened, pending, or completed action, .uitar proceedinG, whether <br />. Civil; criminel;udministrativa, or investigative by reason ot the t;lr:t that the persan is <br />or wes :u' director, .officQr, emplayee, or ;;o"nt nf the Corporatian. against expense <br />(i.neluding attomays;' fees). judgment~. fines and amaunts paid in senlement actually <br />arid'reaso('ably inclIl'l'en by that person In' connectIon with such action, :;t1il or <br />'. proceeding it thlltperson actedln good faith allo ill illllillurer that person reasonably <br />. believed to. he in the best intereSt of the CUI \Juration, and with respect to any criminal' <br />action or praceedlng. had no rea:;onable cause to believe that person's conduct was <br />',mlaWtul. The terminatioll of any actian/suit or proceeding by judgmcnt, order, <br />........ senlement or conviction or upon a plea af riolo contendere or its cquivolent, ~ha/l not <br /> <br />. f;.1JOm\3tWP'3CCles <br /> <br />5 <br /> <br />.,.:": <br /> <br />. <br /> <br />.. <br />