Laserfiche WebLink
4.5 Attendance by Electronic Means. Participation in a meeting of the Members may <br /> be by means of telephone conference or any other similar electronic communications equipment by <br /> which all persons participating in the meeting can hear each other at the same time. Such <br /> participation shall constitute presence in person at the meeting for purposes of this Operating <br /> Agreement. <br /> V <br /> RULES RELATING TO MANAGERS <br /> 5.1. General Powers. Management of the conduct of the business of the Company shall <br /> be vested in the Manager(s). The Manager(s)may adopt resolutions to govern their activities and the <br /> manner in which they shall perform their duties to the Company. <br /> 5.2 Qualifications of Manager(s). Manager(s) shall be natural persons eighteen (18) <br /> years of age or older or an entity in good standing in the state of Colorado. <br /> 5.3 Number,Election and Term. <br /> 5.3.1 The number of Managers shall be three(3). The number of Managers shall be <br /> increased or decreased by the vote or consent of the Members. <br /> 5.3.2 The initial Manager shall hold office until the first annual meeting of <br /> Members or until a successor has been elected and qualified. Thereafter, each Manager <br /> elected by the Members shall hold office for a one-year term or until his or her successor has <br /> been elected and qualified. The initial Managers shall be Trenton Korby, Craig Rasmuson <br /> and James Chick. <br /> 5.3.3 The Manager(s) shall be elected by a vote or consent of the Members at a <br /> meeting called for that purpose. <br /> 5.4 Meetings and Voting. <br /> 5.4.1 Meetings of the Manager(s) may be held at such time and place as the <br /> Manager(s)by resolution shall determine. <br /> 5.4.2 Written notice of meetings of the Manager(s) shall be delivered at least <br /> twenty-four (24) hours before the meeting personally, by telecopier, or by mail actually <br /> delivered to the Manager(s)within the twenty-four(24)hour period. A waiver of notice in <br /> writing, signed by the Manager(s) before, at, or after the time of the meeting stated in the <br /> notice, shall be equivalent to the giving of such notice. <br /> 5.4.3 By attending a meeting, a Manager waives objection to the lack of notice or <br /> defective notice unless,at the beginning of the meeting,the Manager objects to the holding <br /> of the meeting or the transacting of business at the meeting. <br /> 6 <br />